I’m not living in the US, nor a US citizen,so I’m lead to understand that I can not obtain finance to assist in the purchase of a park, I can only use my own cash funds.
I have been watching a park in the state of Kansas, it’s in a well populated city. It has just 8 spots, 2 lots are vacant currently with the other 6 as lot rent only at $150, with a sale price (firm) of $40,000. Just based on 6 vans x $150 lot rent x 70 = $63,000 valuation.
Yearly income currently would be $10,800 (6 lots at $150 per month for 12 months)
Expenses are minimal - all up say $5,000, leaving me just under $6,000 per year profit.
If I could pull in 2 more vans and increase the rent - my income could increase to say $16,800 per year (8 lots at $150 per month for 12 months)
Does anyone have advice, or maybe an alternative I haven’t thought of?