With regard to your park which had the tornado occur, I am interested in the notes you will carry.
If the home is costing you 15k, are you holding the note for 6-8 years to keep the monthly payment affordable?
Can you give an example, down payment, lot rent, interest etc.
I’m finding that I have to keep a longer note in order to keep the payment in line with apartment rentals
By the way, we just had 3 homes placed in my park in january and when the tax refunds started coming, we had so many calls, we couldn’t even keep track. If we had 15 homes, we could have filled em all up.
Thanks for your help