Building a Mobile home park vs building single family homes

[Johany Herrera]

Hello all

I have 2 acres of land under contract in Odessa Texas where I currently  live. I  have some rental homes, I rehab  homes  and I build single family homes as well.  I have listened to all the post casts  and now  I am very interested on having a mobile home park on my portfolio.  I have no experience whatsoever on Mobile home parks. The land has access to city water, sewer and electricity. I already went to the city and it is zoned for whatever I want (single family homes, mobile homes, mobile home park or multifamily). I have never found land with this great zoning. I can built 11 single affordable family homes here as per the city  and  I could profit around 20k per home after they are sold. 

I don't  know how many mobile homes I can put here and how much it would cost me to build the park. I know each space is rented for $325 a month and they have to pay for all utilities. 

Any advice as to how much it would cost me to build a mobile home here and if it is worth it?

[JC K.]

Hi, welcome to the subject of mobile home parks. 

I have never priced development costs, but from what I have seen I am pretty sure you can buy an existing functioning park with less cash than you would need to develop a new park.  

Here is a link on why it may not be such a good idea to develop a new park. 

https://www.mobilehomeuniversity.com/articles/why-you-dont-want-to-build-a-mobile-home-park.php