Posted by Chris (TX) on July 02, 2002 at 15:02:36:
I ask because I’m always looking for ways to get into and profit from Mobiles on private land. Parks are few and literally ‘far’ between here in my part of Texas, and the larger parks are run by companies that buy, sell and finance the homes within their parks so it’s hard for an outsider to get into these parks. I’d also be looking at an hour drive one way to keep an eye on my MH’s.
For now I’m just selling homes all cash, and people are happy to get them and move them to their own private land. But eventually, I’d love to do some financing, I’m just not sure how to go about it since it would require purchase and development of land, which is a very costly proposition.
So basically I just wanted to pick your brain Karl, and find out what was working for you if you were doing anything on private land.
Thanks a bunch!