Posted by IdahoRob on March 28, 2000 at 19:29:21:
Have a question for you. How long ago did your read lonnie’s book?---- May I kindly direct you back to Lonnie’s book. There you will find that he does not advocate new investors buying in Senior parks. Why–you maybe asking— because you are cutting way down on your buyers----cutting out the young familys that need an extra bedroom and want something they can call their own. Or others that are moving up or down in their life. but are not seniors. You know seniors can also buy in a family park. Think you get the pic.
By the way there are a lot of mobile homes for sale in Senior parks for one reason—the demand is low–at least in my market. Wonder how long I would have to sit on a mobile I bought here before I could sell it-----naw — I don’t even want to think how many months at $300 per month I would have to shell out.
Hope you won’t have to ether.