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Updated over 6 years ago, 07/06/2018
Creative Ideas for Filling up Mobile Home Parks?
I'm curious if anyone has any creative ideas on how to fill up empty lots in a mobile home park. I've looked at a lot of parks recently that are not full. Oftentimes sellers use it as a selling point because of "potential." Obviously there is a little bit of value in having the pads already developed, but doesn't really feel like it adds that much value to the park. It seems very expensive to find used mobile homes, move them in, and hook them up and find buyers/renters for a small return.
When buying parks do you all give any value to empty pads? Is it even worth the time/investment to try and fill out a park? Thanks