JV Mobile Home Investment On Private Land

[Ben Naught]

Hello there bp, I'm seeking a JV on mobile home investing projects.

Here's the plan. I currently own multiple mobile homes that can be moved. I'm going to purchase affordable land and improve it with water power and sewer if not already installed , then place a mobile home on it.

However I do not plan to sell the land with the home. I will sell just the home on owner finance and lease the land out monthly. Once the home is sold the land will continue to cash flow for ever.

Breakdown of a typical deal like this.

The numbers vary from deal to deal buy my typical lay out of a move like this is.

land acquisition: $15-$25k

Mobile Home for lot: $10k or less- I own several to get us started but typically I stay under 10k for the home purchase and usually get a screaming deal on them as they have to be moved.

Transportation of the home: $5-$15k - this varys widely based on distance traveled and company hired.

Land Improvements: $10-$12k - I try to find land that is cheap and in a good location and this often equals out to there not being utilities on site yet but close by. Septic typically runs $4k . Power is around $2500 if its at the road and water for is typically city water and runs around $4k to install. If a well is required it could range from $3k -$10k

Renovation (if needed) Running and set up: $5k or less.

Running cost include Gas , Propane, Materials for Reno and any fees that may come up for permitting and taxes on the land.

I May be able to get the land on owner finance and just sandwich the payments. that will help keep costs down. also i already own several very nice mobile homes so we save there as well.

My team and I can handle all of the renovations and set up we have experience in this.

Attached is a photo of one of my homes I plan to move to a private lot. 

Lets all get wealthy together!