Filling Vacant Lots with Rebhabbed Mobile Homes

[John Jacobus]

We recently purchased a mobile home park in Fayetteville, NC that has 20 vacant lots.  We are seeking partners in the area who invest in mobile homes and/or rehab and sell mobile homes with the goal of expediting the infill of vacant lots with used homes.  Looking for lessons learned from others who have explored this path, worked with mobile home investors, and/or faced the challenge of filling a significant number of vacant lots with new and/or used mobile homes.  We are exploring multiple channels, including obtaining our NC dealers license and registration with 21 Mortgage's CASH Program.

[Janene Tompkins]

I agree with the previous comments. I tried the used home route. The hassle and out of pocket wound up being more of a pain. Legacy Homes has a decent community program and financing. I haven’t tried the Cash program yet, but it seems like a good option.