Buying a lot in an existing development to put a mobile home on.

[Mitchell Hammack]

Hey all,

I have the opportunity to buy the only empty lot in a 55+ community. I'm not sure if its technically a MHP. It's a like a typical suburb where the homes and land underneath are fully owned by the homeowner, but all of the houses are mobile homes. I was thinking about buying the land, putting a mobile home on it, and then selling the whole thing for a profit. My biggest concern is around not understanding the process and costs for purchasing a mobile home, having it shipped and fully setup on an existing lot. I'd love to do the deal since on the surface it seems that it would be profitable. But perhaps someone would have some insight into the costs and challenges associated with setting up a new mobile home on a lot. I'm not sure if this is something that is commonly done.

Thanks