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Updated 5 months ago on . Most recent reply
Filling my parks spaces triple dipping, three steams of income
One of the most difficult parts of mobile home park investing is filling vacant spaces. Recently, I started locking down a triple dip strategy having investors buy the mobile homes for the spaces.
1. Dealer License: I use my dealer's license to buy the homes and in some cases, I can charge a small markup.
2. Property Management Fee: Many of the investors want to keep the homes for cashflow and I charge a management fee and run it through my brokerage.
3. Lot Rent: And to top it off I filled the space that now pays me a lot fee which for a bonus quadruple dip increased the value of my community.
As Investors and Entrepreneurs, we get paid to solve problems.
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