I am looking at buying a MHP park that has a lot rent of $200 a month and 5 empty lots.
As it can cost $10,000 + to fill a spot by buying, fixing, and bringing in a mobile home, I am wondering about trying to steal clients from a nearby RV park that costs $350 a month.
With 300 occupied lots at the RV park that is only 2 miles away, I think I could fill my park while providing a $150 monthly savings to the RV’ers and my cost would only be the price of doing a mailer to all 300 sites. I would suggest a minimum lease of 1 year.
Then as I generate more cash from my park, I could afford to bring in Mobile homes.
What do you think of my plan?