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Updated 5 months ago on . Most recent reply

User Stats

737
Posts
619
Votes
Logan M.
  • Investor
  • Provo, UT
619
Votes |
737
Posts

Filling my parks spaces triple dipping, three steams of income

Logan M.
  • Investor
  • Provo, UT
Posted

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.

  • Logan M.
  • Most Popular Reply

    User Stats

    737
    Posts
    619
    Votes
    Logan M.
    • Investor
    • Provo, UT
    619
    Votes |
    737
    Posts
    Logan M.
    • Investor
    • Provo, UT
    Replied
    Quote from @Jordan Moorhead:

    @Logan M. those homes look nice! Who are you purchasing through?


     These were from Clayton Homes out of their Buckeye Arizona Factory.

    Check out the kitchen.

  • Logan M.
  • Loading replies...