Mobile Home/RV park South Texas


#1

I am seriously considering selling my park but I have a unique situation in that the area is about to BOOM and my land is now the highest value portion of the business. It fronts a main road and is very well located. I have done a lot of the turn around in the park already and am beginning to put in mobile homes to rent or sell as owner financed homes since there has always been a good demand for them, but I am needing to take an equity loan to do it and could just sell now and go do a park without debt elsewhere. On the other hand… if I continue to hold the property I think I will gain quite a bit more appreciation in price over the next few years. ?? I am talking to realtors this week and wondered if anyone here has ever been in this situation and can offer some advice.