All Forum Posts by: Collin Smith

@Hai Loc

This was for setting it up, power pole, utility taps, leveling and underpinning.

So

What are the typical expenses for moving a home in? We are expecting about $6000 for move and set up costs. This is based on discussions with other park owners, is that pretty realistic? Is there anything we can learn to do to reduce set up costs?

@Kyle Nelson

That makes sense.

@Kyle Nelson the seller will be breaking the road and planting a row of trees to break them apart. The crazy thing is that our side will have the nicer entrance. Both from how it looks and the quality of the road that it is off of.

We wondered about that as well.  Each lot is 55' wide, I think.  It is open to do whatever we want, really.  We could build townhomes and sell them if we wanted.  I like the idea of different options and methods of filling or developing. Thanks

So what are the best methods of filling spots?  Our thought is to put it out there for lot rent for some.  Approach other investors to lot rent and then rent out homes.  purchase a couple homes to rent out as well as approach home dealers to see if there is a way to incentivize new home purchasers to rent from our park.

Thank you for the thought.  We are working on a seller finance option to present and this could be an additional option for the seller to choose from.  I appreciate it.

My business partner and I have an opportunity to get into mobile home park investing with a (possibly) unique option.  It is a 7.8 acre property with 41 spaces, paved roads, individual lot sewer, power, and water hookups.  The downside is that there are no homes in place yet.  It will be split from an additional 30 lots from the same park that the owners have been slowly filling since they do not have the time to commit to the full project (they are older and have very time consuming full time jobs).

This property is less than 2 miles from I-95, a Honda plant, 8 miles from the rest of the major employers in the area, and is on the "poorer" side of town where people (doctors) are buying property for cheap and building their big homes in the country.  I feel the area has great upside.  There is a grocery store nearby, a Dollar General, and a couple restaurants and fast food places within 1/4 mile.

In the area (the other side of the park) they are getting $750 for a 2/br single wide and it is common to see $200/$250 a month for lot rent.  I ran a test ad for $750 2/1 mh on craigslist and had 12 responses in a couple of days interested.

What is the experience in getting mobile homes into parks?  We want to do a mix of lot rent, POH, and rent to own. I would really like to get as much input as I can from those that have done this.  Thanks!! 

@Christian Cardamone we are working on closing on the land soon and trying to get things lined up to start getting a few homes there. Let me know what kind of work is needed on them, pricing, ages. Thanks!

Sorry if this is a duplicate, I thought this posted last night but I cannot find it now.

I am looking to purchase about 5 used/foreclosed mobile homes for some land in upper east South Carolina. What are some of the best resources for finding these? Looking for about $25,000 all in for each, single wide 3br/2ba suit the area best but may be able to do a few small doubles. Thanks for any info.