Posted by MariettaMike on May 02, 2006 at 20:29:41:
JC that is a great question and has been answered throughly on this fourm. Its also in Lonnies book. Deals on Wheels. The basic answer is family parks.
Do a search of the archives on 55+ parks or senior parks and you will find a cornicopia of info that will expand on the pros and cons.
55+ park versus family - Posted by JC(CA)
Posted by JC(CA) on May 02, 2006 at 11:57:05:
Which type of parks are better investment and less management: senior or family parks?
pros and cons of each. Thx
Re: 55+ park versus family - Posted by Vinnie
Posted by Vinnie on May 03, 2006 at 10:18:53:
Better investment / less management (community ownership): 55+
“Lonnie deals:” All age (aka “family” parks)
In general, mature citizens pay better and take better care of their property (and your park is less likely to be featured on Saturday’s episode of “Cops.”)
From an LD standpoint, your pool of buyers needing financing is much deeper in an all age park.
Just my .02