Pre-HUD Trailers

[Thomas Morgan]

We operate two large trailer parks that are mostly space rentals. However about 60% of the tenant owned homes are pre-HUD or pre 1976 make and therefore can not be moved. Most of the park owned homes are pre 1976 as well. We have opportunities to buy these trailers all the time. Rates of returns are some of best in biz if you are willing to put up with repairs and low quality tenants. Anybody have any tips or strategies relating to these older trailers? I.e remodeling, rehab, Lonnie deals, owner carry, disposal, etc Seems like there is a large opportunity in this space for buying parks with older park owned homes or buying bulk or single old trailers even without dirt.