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All Forum Posts by: Nathan Nolan

Nathan Nolan has started 3 posts and replied 8 times.

Post: First time builder of trailer park

Nathan NolanPosted
  • Posts 8
  • Votes 0
Quote from @David Braut:

Just because there are trailer parks around does not mean that your county/municipality will allow a new one to be constructed.  Those other parks are either permitted and will continue to be "grandfathered" or they are illegal and at risk of being shut down.  Its imperative to check with your local government to see about the permitting process before moving any further.  Any investor will require proof of this.  

I see, thank you for that information. I'll check on it first thing Monday morning. I was under the impression that unrestricted didn't matter, I stand corrected.

Post: First time builder of trailer park

Nathan NolanPosted
  • Posts 8
  • Votes 0
Quote from @David Braut:

Have you first checked with your local municipality to see if they will allow a trailer park?  You want to make sure you're legal before you get started.  Most places won't allow them to be built anymore.

Absolutely, my land is unrestricted, trailers are welcome in my area bc it's a low income area, there are a few trailer parks around. 

Post: First time builder of trailer park

Nathan NolanPosted
  • Posts 8
  • Votes 0

Hi, I have around 40 acres of property in Southeastern Kentucky and I want to start a trailer park. I don't have extra money but I have the property, what is my best course of action to find an investor? I have a partner and we are ready to go. I have a place to buy trailers very cheap and we are going to refurbish them on our own. We can get everything settled at around 10 to 14,000 per trailer.  Thanks for any advise!

@Bob Okenwa

Thanks for the advice! I also have a few more questions. 

is there a down payment assistance program that wouldn't  me to owner occupy the home? 

Also, how do I know if a seller is willing to seller finance? If not, how do I convince a future seller to seller finance? 

@CJ M.

Thanks for the tip! I know I'm made for more and I wont stop until I get to the top! I'll find that book, hopefully on audible and have it finished by the end of tomorrow.

I have read only 2 books so far. Rich dad poor dad by Robert Kyosaki and The Book on Investing in Real Estate With No and Low Money Down by Brandon Turner. I plan on reading as many other books as possible but I dont know which ones to read and are books alone enough information? Does anyone have any tips or suggestions?

High, I'm 22 and only have fair credit. My dream is to invest in real estate and make money and be financially independent. I know its possible and I'm determined I WILL SUCCEED. I just dont know how yet, I'll try until I find out on my own if I have to but I'd like to cut that time in half. If you were in my position with only $5,000 to use as a downpayment and only fair credit, what steps would you take to make as much money as possible in as little time as possible? I need to make enough money so that I can start acquiring cash flow properties but how can with only $5,000? I know I'm capable but I dont know how to get the information I need to get my start. Im desperate for advice and guidance, I will greatly appreciate anything I can get, thanks!

High, I'm 22 and only have fair credit. My dream is to invest in real estate and make money and be financially independent. I know its possible and I'm determined I WILL SUCCEED. I just dont know how yet, I'll try until I find out on my own if I have to but I'd like to cut that time in half. If you were in my position with only $5,000 to use as a downpayment and only fair credit, what steps would you take to make as much money as possible in as little time as possible? I need to make enough money so that I can start acquiring cash flow properties but how can with only $5,000? I know I'm capable but I dont know how to get the information I need to get my start. Im desperate for advice and guidance, I will greatly appreciate anything I can get, thanks!