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Updated 4 months ago,

User Stats

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

Filling my parks spaces triple dipping, three steams of income

Logan M.
Pro Member
  • 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.
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