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Updated 7 months ago on . Most recent reply

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41
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Kesha Hamilton
  • Memphis, TN
6
Votes |
41
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Mobile Home Park vs RV Park?

Kesha Hamilton
  • Memphis, TN
Posted

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! 

  • Kesha Hamilton
  • Most Popular Reply

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    Jay Hinrichs
    #1 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
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    Jay Hinrichs
    #1 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    Replied

    really the only thing in common with them is the homes are Mobile.

    MHP much easier to manage day to day.

    RV park lots of management issues also with RV the chems in the RV's are strong and it can affect how you deal with Grey water and sewage..

    many RV parks though turn into MHP if the authorities just let the RVS stay and never move.. Those can work well also.. 

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    JLH Capital Partners

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