All Forum Posts by: Dave Tucker

Hey thanks for the great information guys!  I'm just now getting into real estate and still learning as I go. At the present time it appears as though the MH park owner has no desire to sale the park at all. He just wants to lease it, but eventually after developing some rapport with him and after I have enough cash to play with I might be able to get him to sell. 

It seems as though he wants me to come up with everything. When I met with him the first time he told me to come up with some numbers and park management ideas and we would discuss it. I am alright on the park management stuff but I'm just not sure what to tell him as far as the money goes. Setting the lease based on "per mh" would help me at first to get the ball rolling but could. I would actually prefer this becuase I would be paying the same amount for a rented lot or a rented mobile home. However, having a set price per month would probably be easier to manage. It could get complicated if I had to pay X amount per lot rented, and X amount per MH rented, and X amount of MH owner financed. 

Oh and as far as the owner financing goes I would only do what was legal. The owner finance marketis HUGE in my area. Everyone wants to own their own home but it's hard to get a MH financed for most people. I wouldn't be out to rob anyone. I think people have the wrong impression of owner financing.Some of it is justified but most of it's not. 

So what would you all say to a park owner if they said they would lease a park to you? Keep in mind im just starting out here. And I think it's a good opportunity. Thanks so much guys!!!

Hi everyone. I am new to the site here and needed to get some thoughts and opinions on leasing a mobile home park. I have been researching flipping mobile homes, renting them, and also owner financing them. I've read a lot about the Lonnie Deals and that has kind of been the strategy I have planned to execute.

However, I stumbled upon a guy on Craig's List who wants to lease his 6.2 acre mobile home park. It currently has about 60 lots but is completely empty save for one loan tenant( why this person is still there IDK). It use to be about half full but due to not being properly managed a lot of drug activity began to come in and out of the park. So instead of just picking and choosing who got to stay and go, the owner evicted everyone and removed all the trailers.

That was a few years ago and now the park owner has decided he wants to lease the property. He's not too keen on the idea of making it another park but would if the right person came along. I told him about my park management ideas and seems to be coming around on the idea.

I think this could be very lucrative for both the park owner and myself. I would basically run the park(at least till I establish a sort of park manager to live at the park and oversee things in my stead) and bring in qualified tenants. I plan to rent lots, rent mobile homes, and or sale and owner finance the mobile homes. I have limited start up money but I already have 2 mobile homes that I can place in the park to get the ball rolling. I figure I'll mostly concentrate on renting lots just to get some cash flowing in ASAP and then focus on renting and selling mobile homes.

I am supposed to meet him this Thursday(8/6/2015) and discuss some numbers. And that's really where I need the HELP! When I first met up with him he said we could make the lease amount a set number or make the lease based off of how many mobile homes are in the park. He mentioned a tier leasing of some sort as well. Basically I would have a set amount of time to get X amount of mobile homes in and the numbers goes up in 6 month increments. I really don't know what my best option would be here as far as negotiting the lease price. Do I say I'll just pay X amount a month or should I go for the "per MH" route? The average lot rent in that area is $165 I believe. With some changes to the landscape I think I could charge $200 a month. I know those are not high numbers but lots in the state of WV don't rent out for much. The lot rent alone won't make me a bunch of cash(though 60 lots x $200 a month isn't anything to shake a stick at) but once I start renting or selling mobile homes it could bring in some cash.

So what are your thoughts experts? How much should I expect to lease this place for? What sort of questions should I ask him? I'm new to this and have not been able to find anything on the web about leasing an entire mobile home park. Sorry for the book, and I look forward to meeting you all and getting some feedback!!! 

Hi everyone. I am new to the site here and needed to get some thoughts and opinions on leasing a mobile home park. I have been researching flipping mobile homes, renting them, and also owner financing them. I've read a lot about the Lonnie Deals and that has kind of been the strategy I have planned to execute.

However, I stumbled upon a guy on Craig's List who wants to lease his 6.2 acre mobile home park. It currently has about 60 lots but is completely empty save for one loan tenant( why this person is still there IDK). It use to be about half full but due to not being properly managed a lot of drug activity began to come in and out of the park. So instead of just picking and choosing who got to stay and go, the owner evicted everyone and removed all the trailers.

That was a few years ago and now the park owner has decided he wants to lease the property. He's not too keen on the idea of making it another park but would if the right person came along. I told him about my park management ideas and seems to be coming around on the idea.

I think this could be very lucrative for both the park owner and myself. I would basically run the park(at least till I establish a sort of park manager to live at the park and oversee things in my stead) and bring in qualified tenants. I plan to rent lots, rent mobile homes, and or sale and owner finance the mobile homes. I have limited start up money but I already have 2 mobile homes that I can place in the park to get the ball rolling. I figure I'll mostly concentrate on renting lots just to get some cash flowing in ASAP and then focus on renting and selling mobile homes.

I am supposed to meet him this Thursday(8/6/2015) and discuss some numbers. And that's really where I need the HELP! When I first met up with him he said we could make the lease amount a set number or make the lease based off of how many mobile homes are in the park. He mentioned a tier leasing of some sort as well. Basically I would have a set amount of time to get X amount of mobile homes in and the numbers goes up in 6 month increments. I really don't know what my best option would be here as far as negotiting the lease price. Do I say I'll just pay X amount a month or should I go for the "per MH" route? The average lot rent in that area is $165 I believe. With some changes to the landscape I think I could charge $200 a month. I know those are not high numbers but lots in the state of WV don't rent out for much. The lot rent alone won't make me a bunch of cash(though 60 lots x $200 a month isn't anything to shake a stick at) but once I start renting or selling mobile homes it could bring in some cash.

So what are your thoughts experts? How much should I expect to lease this place for? What sort of questions should I ask him? I'm new to this and have not been able to find anything on the web about leasing an entire mobile home park. Sorry for the book, and I look forward to meeting you all and getting some feedback!!!