Posted by Trish on March 27, 2001 at 08:23:20:
15k per…as in for the land alone that went with the new DW? And 15k as in “profit”?
Can you tell me what part of TX this guy is in?
Thanks,
Trish
3 to 5 acre developments for MHs - Posted by Tim Z.
Posted by Tim Z. on March 27, 2001 at 02:42:56:
Has any one had much experience with buying land and subdividing it into 3 or 5 acre tracts for Mobile Homes. This can be very profitable by doing owner financing. Many times the development costs are minimal if you are out in the country. We have been doing it since 1994 on a real part time basis. I hadn’t seen any mention of this on the message board. Regards.
TZ
Re: 3 to 5 acre developments for MHs - Posted by Joe C.
Posted by Joe C. on March 27, 2001 at 05:52:12:
I met a realtor from Tex. about 18 months ago who said he was buying 20-30 acre tracts, subdividing into 2-3 acre sites, putting new DWs on them selling them with FHA financing and making about 15k per. He had a couple of partners and said they were doing about 10-12 units per year part time.
Joe C.