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Updated almost 5 years ago,
Trashed trailers in a very small town
Hey i've been offered some free mobile homes from a couple of investors who bought a 30 lot park, in a town of about 1800 people. It has a small college and from the people ive talked to rents are seasonal and units can sit vacant for long periods of time. I could get these things fixed up to livable condition and the plan would be to rent them out at 700, 300 dollar lot rent included tenant paying utilities. Or work out an owner financing deal but I dont think we'd get too much. 2 beds in this town are going for about 500 bucks. I can negotiate a decent time period where we have no lot rent but I think the max would probably be about 6 months. I dont have a super specific question but what do you guys think about this opportunity? Any advice?