Posted by Ernest Tew on February 10, 2001 at 06:16:52:
We have been successful in filling vacant lots in parks by purchasing new and late-model homes, setting them up ready for occupancy, and selling them on easy terms. You could also start a “rent to own” program. In one large park, we found that 80% of the lots we rented were the direct result of having “sold” the home.
Although it takes a lot of cash to buy homes for cash and then sell on easy terms, it can result in four sources of profit: A profit on the sale of the home; interest on the financing; additional lot rent; and an increase in the value of the park.
If funds or financing isn’t available, you might look into finding one or more individuals that would be willing to participate. They could either joint venture with you or lend money on homes with your guarantee of repayment, secured by a first lien on the home.
If you would like more details, please call me at (352) 475-1280 or send an e-mail.