This is my first post. I have been following the forum for about 6 months and am looking at several deals hoping to buy my 1st park soon. I noticed that a good percentage of the parks for sale have both mobiles & RV’s. I agree with the concept of being in the lot rental only business and I have several questions, looking for any guidance you can offer. I apologize for the extent of the questions, but I am a little at a loss how to handle the RV part.
1 Can you sell off the RV part…I mean would most cities even allow that.
2 How do banks value parks that have Mobile Homes & RV’s and are they harder to finance than a strickly mobile park
3 Similarly, are they harder to sell than a strickly Mobile Home park
4 What are the various ways you can handle it, such as: combining 2 smaller RV pads for 1 Mobile Home, OR buying RV’s & selling them on a lease-option similar to the way to fill vacant mobile lots.
5 If I decided to sell RV’s and wanted to set them up permanently, what differences in the utilities are there from mobiles
6 I’m curious, how many of you would continue to operate the RV rentals if it was profitable, or if its just too big a pain
Thanks so much for you help & advice