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Updated 6 months ago,
Mobile Home Park vs RV Park?
I've been wanting to do land leasing for a very long time. There's land in a nearby town that I think would be perfect for a mobile home or RV/camper park. I am not sure which to go with.
What are the pros & cons of each, as well as the differences in the development process? I would love to buy an existing one first to get the experience, but am also open to developing from scratch. I'm wanting to build my residual/passive income streams, so I know an onsite manager would be needed once up & running. I am a newbie at this particular strategy, so any tips, hacks, insight, or advice you can give would be greatly appreciated!