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Updated about 1 month ago on . Most recent reply

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Diandre Pierce
11
Votes |
26
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Mobile home park opportunity

Diandre Pierce
Posted

I have an uncle that has owned 6 trailer parks (over 100 trailers) for 16 years. Average profit on a trailer park is between 10-15 percent . My uncle has done 84 percent for the last 14 consecutive years (these numbers can be proven  and have been well documented) . I knew this 4 years ago and decided to build my real estate portfolio to get enough know how to finally get involved. My uncle has agreed to allow me to use his system, employees and resources to build my own trailer park empire. I just need to figure out how to purchase it. He even agreed to selling me one of his since it’s already performing and ready to go. I need help financing this deal. For the last 4 years I have purchased 7 rental homes that are all renting but similarly to monopoly it’s time to scale. I need a lender. I will leverage every asset in my name to make this happen. I just need help on finding a path to get my hands on the capital 

Most Popular Reply

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231
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Dominic Mazzarella
  • Investor
  • Hendersonville, NC
155
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Dominic Mazzarella
  • Investor
  • Hendersonville, NC
Replied
Quote from @Diandre Pierce:

I have an uncle that has owned 6 trailer parks (over 100 trailers) for 16 years. Average profit on a trailer park is between 10-15 percent . My uncle has done 84 percent for the last 14 consecutive years (these numbers can be proven  and have been well documented) . I knew this 4 years ago and decided to build my real estate portfolio to get enough know how to finally get involved. My uncle has agreed to allow me to use his system, employees and resources to build my own trailer park empire. I just need to figure out how to purchase it. He even agreed to selling me one of his since it’s already performing and ready to go. I need help financing this deal. For the last 4 years I have purchased 7 rental homes that are all renting but similarly to monopoly it’s time to scale. I need a lender. I will leverage every asset in my name to make this happen. I just need help on finding a path to get my hands on the capital 


This sounds like an incredible opportunity, especially with your uncle's experience and willingness to help you get started. For financing, you might want to consider reaching out to local banks or credit unions. They can sometimes be more open to funding niche investments like mobile home parks, especially when you’ve got proven cash flow and a solid plan.

Another option could be talking to your uncle about seller financing. If he’s open to it, that could reduce the upfront capital you’d need while making the process a lot smoother. Private lenders or even creating a small syndicate with a group of investors might also be worth exploring, especially since you can point to your uncle’s track record and your own experience managing rentals as a selling point.

If timing is tight, you could look into a bridge loan to secure the property while figuring out a more permanent solution. Beyond that, networking with other investors in the mobile home park space could open up some doors for partnerships or additional funding ideas.

If it were me, I would go the seller financing route first. There's just so much wiggle room doing this, especially since you're dealing with a family member who completely understands the finances of the park. 


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