Should we buy a Trailer Park?

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  • Sarah - GTS
    Confirmed User
    • Jul 2003
    • 1656
    #1

    Should we buy a Trailer Park?

    Seriously, there is a 37 plot trailer park for sale complete with house & restaurant. Income looks pretty good, 37 lots @ $1300 / year + $250 / year for winter storage, plus $35k approx for the house & restaurant.
    Anyone have any experience or know someone who does?
    What would be involved in running this?
    Any issues that should be considered?

    I think this is more of a summer trailer park for camping as opposed to
    a "Trailer Park Boys" trailer park


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    • =^..^=
      Confirmed User
      • Jan 2002
      • 6935
      #2
      depend where it is, how many plots are occupied and how often,
      is it long term or seasonals?
      quite a bit of work involved tht's for sure

      if u buy it lemme know- i have an RV ... i might stop by to visit on one of my trips
      #RememberYourRoots #AaronMForGFYHOF

        Comment

        • Quotealex
          Confirmed User
          • Sep 2001
          • 6265
          #3
          It's not different than running an appartment complex or an industrial park.

            Comment

            • Brad Mitchell
              Confirmed User
              • Nov 2001
              • 9813
              #4
              Trailer parks are incredibly good investments here in the states. I say buy it! If you want some feedback on the asking price/return let me know, I have someone I can call with profound knowledge on the subject.

              Cheers

              Brad
              President at MojoHost | brad at mojohost dot com | Skype MojoHostBrad
              71 industry awards for hosting and professional excellence since 1999

                Comment

                • DateDoc
                  Outside looking in.
                  • Feb 2005
                  • 14243
                  #5
                  Originally posted by Brad Mitchell
                  Trailer parks are incredibly good investments here in the states. I say buy it! If you want some feedback on the asking price/return let me know, I have someone I can call with profound knowledge on the subject.

                  Cheers

                  Brad
                  I agree. Owning trailer parks is a very good investment.

                    Comment

                    • Itchy
                      Datetronix.com
                      • Jan 2001
                      • 6525
                      #6
                      $35k approx for the house & restaurant.
                      Any pics ?


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                        Comment

                        • Sarah_Jayne
                          Now with more Jayne
                          • Dec 2002
                          • 40077
                          #7
                          What to do you think the insurance is like on those places if they are in a tornado or hurricane area?

                            Comment

                            • DateDoc
                              Outside looking in.
                              • Feb 2005
                              • 14243
                              #8
                              Originally posted by sarah_webinc
                              What to do you think the insurance is like on those places if they are in a tornado or hurricane area?
                              Would you own the mobile homes? Better to just own the land and lease the lots. People rolling up with their own home and anchoring it down are better at paying rent than ppl renting your mobile home. Is the restuarant leased to someone or would you own it?

                                Comment

                                • Dragar
                                  Confirmed User
                                  • Sep 2006
                                  • 1079
                                  #9
                                  buy it just so you can say that you are true trailor trash

                                    Comment

                                    • evildick
                                      #10
                                      Originally posted by Itchy
                                      Any pics ?
                                      I am thinking she meant yearly income, not how much it cost to build. LOL.

                                      Make sure you investigate the septic system. That can be a major expense if you have to make changes to get things up to snuff if you have holding tanks and whatnot.

                                        Comment

                                        • Wagerboy
                                          Confirmed User
                                          • Jul 2006
                                          • 2290
                                          #11
                                          funny thread. I too am looking for a trailer park. Somewhere in the upstate NY area. May I ask where you are looking?
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                                            • Sarah - GTS
                                              Confirmed User
                                              • Jul 2003
                                              • 1656
                                              #12
                                              Originally posted by Brad Mitchell
                                              Trailer parks are incredibly good investments here in the states. I say buy it! If you want some feedback on the asking price/return let me know, I have someone I can call with profound knowledge on the subject.

                                              Cheers

                                              Brad
                                              Hey thanks Brad, I might just take you up on that once I get the expenses and more information from my Real Estate agent.


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                                                • DateDoc
                                                  Outside looking in.
                                                  • Feb 2005
                                                  • 14243
                                                  #13
                                                  Originally posted by Wagerboy
                                                  funny thread. I too am looking for a trailer park. Somewhere in the upstate NY area. May I ask where you are looking?
                                                  http://www.mobilehomeparkstore.com/mhp_forsale.htm

                                                    Comment

                                                    • Sarah - GTS
                                                      Confirmed User
                                                      • Jul 2003
                                                      • 1656
                                                      #14
                                                      Originally posted by BusterPorn
                                                      Would you own the mobile homes? Better to just own the land and lease the lots. People rolling up with their own home and anchoring it down are better at paying rent than ppl renting your mobile home. Is the restuarant leased to someone or would you own it?
                                                      No, just the land / plots that the owners of the trailers lease. I believe the home & restaurant is rented our for $35k income / year


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                                                        • jerseygto
                                                          Confirmed User
                                                          • Aug 2006
                                                          • 341
                                                          #15
                                                          it depends where???in florida bad idea they are tearing them all down and bulding townhouses on them well execpt the ones in the indian reservation but if they wanna add another casino well same thing they will level it
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                                                            • Basic_man
                                                              Programming King Pin
                                                              • Oct 2003
                                                              • 27360
                                                              #16
                                                              Can't be a bad investement, that's for sure!
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                                                                • Klen
                                                                  • Aug 2006
                                                                  • 32234
                                                                  #17
                                                                  Well i am exprienced in bar bussiness so i can give you some tips if you want.

                                                                    Comment

                                                                    • StuartD
                                                                      Sofa King Band
                                                                      • Jul 2002
                                                                      • 29903
                                                                      #18
                                                                      A trailer park looks like something that would take care of itself rather well, but trust me... it's a LOT of work. WAY more work than you could ever imagine.

                                                                      When you stay at a trailer park, it seems as though there's not much to it... but when you own/manage it.... you'll never stop having things to do.

                                                                      My family's trailer park/restaurant required a minimum of 7 people at work at all times. And that includes us doing all the carpentry, masonry, electrical, landscaping, roofing and so on and so forth. So it really needed even more employees at any given time.

                                                                      Of course, our trailer park was over 60 spots with 7 cabins, a marina and full restaurant and bar as well. So it may have needed a little more, but still... you'll still be busy as hell with a trailer park.

                                                                      When we sold it, the people who bought it thought it would be some easy investment that would just run itself and make money with just a little maintenance here and there. They were in for a huge shock.
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                                                                        Comment

                                                                        • DateDoc
                                                                          Outside looking in.
                                                                          • Feb 2005
                                                                          • 14243
                                                                          #19
                                                                          Originally posted by Sarah - GTS
                                                                          No, just the land / plots that the owners of the trailers lease. I believe the home & restaurant is rented our for $35k income / year
                                                                          Sounds like a win/win deal if the numbers ad up.

                                                                            Comment

                                                                            • pr0
                                                                              rockin tha trailerpark
                                                                              • May 2001
                                                                              • 23088
                                                                              #20
                                                                              It's real fun collecting lot fee's & evicting people i'm sure.

                                                                              Havn't you seen TPB sarah?????
                                                                              __________
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                                                                                • Holly
                                                                                  Too lazy to set a custom title
                                                                                  • Jun 2003
                                                                                  • 10017
                                                                                  #21
                                                                                  Originally posted by KlenTelaris
                                                                                  Well i am exprienced in bar bussiness so i can give you some tips if you want.
                                                                                  That's amazing because I was just sitting here thinking about how similar working in a bar and buying a trailer park are.
                                                                                  War National Damn Champions Eagle

                                                                                    Comment

                                                                                    • Pete-KT
                                                                                      Workin With The Devil
                                                                                      • Oct 2004
                                                                                      • 51532
                                                                                      #22
                                                                                      Let me know when you do i need a new place to sho content for www.trailertrashwhores.com that site is kickin

                                                                                        Comment

                                                                                        • SleazyDream
                                                                                          I'm here for SPORT
                                                                                          • Jul 2001
                                                                                          • 41470
                                                                                          #23
                                                                                          i can just see DH becoming mr layhe

                                                                                          and magnus as the shirtless guy
                                                                                          This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!

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                                                                                            Comment

                                                                                            • jaYMan
                                                                                              peace&profit,
                                                                                              • Jan 2001
                                                                                              • 4885
                                                                                              #24
                                                                                              Id love to buy a trailer, but a trailer park!!! hell, id be in hog heaven!!!!
                                                                                              peace&profit,
                                                                                              jaYMan

                                                                                                Comment

                                                                                                • Beejeebers
                                                                                                  Confirmed User
                                                                                                  • Oct 2004
                                                                                                  • 290
                                                                                                  #25
                                                                                                  I heard these guys were looking to buy a trailer park too..

                                                                                                  http://www.trailerparkboys.org

                                                                                                    Comment

                                                                                                    • DaddyHalbucks
                                                                                                      A freakin' legend!
                                                                                                      • Feb 2004
                                                                                                      • 18975
                                                                                                      #26
                                                                                                      Hell yes. People always need a place to live. If the accomodations are cheap, even better.
                                                                                                      Boner Money

                                                                                                        Comment

                                                                                                        • Ace_luffy
                                                                                                          www.creationcrew.com
                                                                                                          • Feb 2005
                                                                                                          • 12168
                                                                                                          #27
                                                                                                          bump for you


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                                                                                                            • Peaches
                                                                                                              Old broad
                                                                                                              • Oct 2002
                                                                                                              • 13933
                                                                                                              #28
                                                                                                              Since the trailers are already there, this info might not help, but I dated a guy who would go to foreclosure auctions and buy 1-2 year old single wides for an average of $7K. He owns a lot of property in an area that is lenient on trailers (many are not). He spends a few hundred recarpeting, hooking up utilities, etc. He rents them out for $90-100 a week with no lease. You're a week late, your stuff's outside and the lock's changed. Mostly he rents to Mexicans who work in the carpet mills in Dalton GA. He's in the black in about a year and a half and the rest is gravy. His stepfather handles the maintenance and old boyfriend who's a big fellow, handled the collecting every Sunday.

                                                                                                              They are QUITE the money maker if you don't mind dealing with the type of people who rent trailers

                                                                                                              If this is a vacation type place, then I know nothing ;)

                                                                                                                Comment

                                                                                                                • pr0
                                                                                                                  rockin tha trailerpark
                                                                                                                  • May 2001
                                                                                                                  • 23088
                                                                                                                  #29
                                                                                                                  Originally posted by Peaches
                                                                                                                  Since the trailers are already there, this info might not help, but I dated a guy who would go to foreclosure auctions and buy 1-2 year old single wides for an average of $7K. He owns a lot of property in an area that is lenient on trailers (many are not). He spends a few hundred recarpeting, hooking up utilities, etc. He rents them out for $90-100 a week with no lease. You're a week late, your stuff's outside and the lock's changed. Mostly he rents to Mexicans who work in the carpet mills in Dalton GA. He's in the black in about a year and a half and the rest is gravy. His stepfather handles the maintenance and old boyfriend who's a big fellow, handled the collecting every Sunday.

                                                                                                                  They are QUITE the money maker if you don't mind dealing with the type of people who rent trailers

                                                                                                                  If this is a vacation type place, then I know nothing ;)
                                                                                                                  So he provides harbor for illegal immigrants. Awesome!

                                                                                                                  So if they don't pay, who do you run to? The cops? lol

                                                                                                                  You'd need the trailer park mafia
                                                                                                                  __________
                                                                                                                  Loadedca$h - get sum! - Revengebucks - mmm rebills! - webair (gotz sErVrz)

                                                                                                                    Comment

                                                                                                                    • Peaches
                                                                                                                      Old broad
                                                                                                                      • Oct 2002
                                                                                                                      • 13933
                                                                                                                      #30
                                                                                                                      Originally posted by pr0
                                                                                                                      So he provides harbor for illegal immigrants. Awesome!

                                                                                                                      So if they don't pay, who do you run to? The cops? lol

                                                                                                                      You'd need the trailer park mafia
                                                                                                                      Uh, no, these are legal Mexicans who work in the carpet factories. If Berkshire Hathawy hires them, why shouldn't he rent to them? If they don't pay, he kicks them out and gets someone who does. It's not exactly worth his time to go after someone for $100

                                                                                                                        Comment

                                                                                                                        • babymaker
                                                                                                                          Confirmed User
                                                                                                                          • Jan 2004
                                                                                                                          • 4751
                                                                                                                          #31
                                                                                                                          be sure to contact jerry springer so he can open a casting office there, i am sure that will help with some costs :D

                                                                                                                          ICQ 293125596

                                                                                                                            Comment

                                                                                                                            • Peaches
                                                                                                                              Old broad
                                                                                                                              • Oct 2002
                                                                                                                              • 13933
                                                                                                                              #32
                                                                                                                              Funny thing is, my old boyfriend said a lot of his tenants drove nicer cars than he did, lol (then again, he was a multimillionaire who drove a 10 year old minivan ;) ).

                                                                                                                                Comment

                                                                                                                                • Drake
                                                                                                                                  Hello world!
                                                                                                                                  • Mar 2003
                                                                                                                                  • 12508
                                                                                                                                  #33
                                                                                                                                  How much are they asking for it?

                                                                                                                                    Comment

                                                                                                                                    • GTS Mark
                                                                                                                                      Vrume Mark
                                                                                                                                      • Jan 2001
                                                                                                                                      • 20912
                                                                                                                                      #34
                                                                                                                                      Originally posted by SleazyDream
                                                                                                                                      i can just see DH becoming mr layhe

                                                                                                                                      and magnus as the shirtless guy
                                                                                                                                      LMFAO!!!!!

                                                                                                                                      I can picture that as well



                                                                                                                                      DH

                                                                                                                                        Comment

                                                                                                                                        • GTS Mark
                                                                                                                                          Vrume Mark
                                                                                                                                          • Jan 2001
                                                                                                                                          • 20912
                                                                                                                                          #35
                                                                                                                                          Here is the listing for the property we are looking at...

                                                                                                                                          The pictures really don't do the place justice, but then again we are talking about a trailer park LOLOLOL! ;)

                                                                                                                                          http://www.icx.ca/PropertyDetails.as...ertyID=4434319

                                                                                                                                          DH

                                                                                                                                            Comment

                                                                                                                                            • scotty2hotty1111
                                                                                                                                              Confirmed User
                                                                                                                                              • Apr 2006
                                                                                                                                              • 1113
                                                                                                                                              #36
                                                                                                                                              Originally posted by DrinkingHARDEST
                                                                                                                                              LMFAO!!!!!

                                                                                                                                              I can picture that as well



                                                                                                                                              DH
                                                                                                                                              ICQ - 278931233




                                                                                                                                              Giving up is just NOT an option

                                                                                                                                                Comment

                                                                                                                                                • Martin
                                                                                                                                                  "Assassins"
                                                                                                                                                  • Dec 2001
                                                                                                                                                  • 17274
                                                                                                                                                  #37
                                                                                                                                                  You gotta deal with drunk fackers stealing power and growing dope.

                                                                                                                                                    Comment

                                                                                                                                                    • Splum
                                                                                                                                                      Confirmed User
                                                                                                                                                      • May 2003
                                                                                                                                                      • 6195
                                                                                                                                                      #38
                                                                                                                                                      Wow thats kind of a cool idea, lots of free blowjobs and drugs.

                                                                                                                                                        Comment

                                                                                                                                                        • pr0
                                                                                                                                                          rockin tha trailerpark
                                                                                                                                                          • May 2001
                                                                                                                                                          • 23088
                                                                                                                                                          #39
                                                                                                                                                          Originally posted by Martin
                                                                                                                                                          You gotta deal with drunk fackers stealing power and growing dope.
                                                                                                                                                          and people shootin guns off in the park

                                                                                                                                                          cheeseburger walrus mutha fucka, knawmsayin?
                                                                                                                                                          __________
                                                                                                                                                          Loadedca$h - get sum! - Revengebucks - mmm rebills! - webair (gotz sErVrz)

                                                                                                                                                            Comment

                                                                                                                                                            • GTS Mark
                                                                                                                                                              Vrume Mark
                                                                                                                                                              • Jan 2001
                                                                                                                                                              • 20912
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by Martin
                                                                                                                                                              You gotta deal with drunk fackers stealing power and growing dope.
                                                                                                                                                              Looking for a job Marty?

                                                                                                                                                              DH

                                                                                                                                                                Comment

                                                                                                                                                                • pr0
                                                                                                                                                                  rockin tha trailerpark
                                                                                                                                                                  • May 2001
                                                                                                                                                                  • 23088
                                                                                                                                                                  #41
                                                                                                                                                                  Originally posted by DrinkingHARDEST
                                                                                                                                                                  Looking for a job Marty?

                                                                                                                                                                  DH
                                                                                                                                                                  on that note...can i get 2 trailers & power hookups?

                                                                                                                                                                  seriously....
                                                                                                                                                                  __________
                                                                                                                                                                  Loadedca$h - get sum! - Revengebucks - mmm rebills! - webair (gotz sErVrz)

                                                                                                                                                                    Comment

                                                                                                                                                                    • J.R.
                                                                                                                                                                      WantBoobs.com
                                                                                                                                                                      • Feb 2002
                                                                                                                                                                      • 3479
                                                                                                                                                                      #42
                                                                                                                                                                      Sweet.. hit me up, I owned a Restaurant that I sold
                                                                                                                                                                      in Jan. 06, and I camp using my RV.

                                                                                                                                                                      So, I would have some input that may be useful.

                                                                                                                                                                        Comment

                                                                                                                                                                        • Axzar
                                                                                                                                                                          Random Jackass
                                                                                                                                                                          • Feb 2003
                                                                                                                                                                          • 1837
                                                                                                                                                                          #43
                                                                                                                                                                          Just don't live there. I hear trailer parks somehow attract tornadoes.

                                                                                                                                                                            Comment

                                                                                                                                                                            • rodney25
                                                                                                                                                                              Confirmed User
                                                                                                                                                                              • Jun 2005
                                                                                                                                                                              • 7090
                                                                                                                                                                              #44
                                                                                                                                                                              If you could put up a profitable business with it then why not?


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                                                                                                                                                                                • Martin
                                                                                                                                                                                  "Assassins"
                                                                                                                                                                                  • Dec 2001
                                                                                                                                                                                  • 17274
                                                                                                                                                                                  #45
                                                                                                                                                                                  Originally posted by DrinkingHARDEST
                                                                                                                                                                                  Looking for a job Marty?

                                                                                                                                                                                  DH
                                                                                                                                                                                  Hey bro, hook me up with my own Trailer and I'll run the joint for ya lol.

                                                                                                                                                                                    Comment

                                                                                                                                                                                    • GTS Mark
                                                                                                                                                                                      Vrume Mark
                                                                                                                                                                                      • Jan 2001
                                                                                                                                                                                      • 20912
                                                                                                                                                                                      #46
                                                                                                                                                                                      Originally posted by pr0
                                                                                                                                                                                      on that note...can i get 2 trailers & power hookups?

                                                                                                                                                                                      seriously....

                                                                                                                                                                                      LOL! As long as I have an unlimited supply of weed whenenever I want

                                                                                                                                                                                      DH

                                                                                                                                                                                        Comment

                                                                                                                                                                                        • Zarathustra
                                                                                                                                                                                          Confirmed User
                                                                                                                                                                                          • Oct 2005
                                                                                                                                                                                          • 1094
                                                                                                                                                                                          #47
                                                                                                                                                                                          can i be assistant trailer park supervisor?

                                                                                                                                                                                            Comment

                                                                                                                                                                                            • betabomb
                                                                                                                                                                                              Confirmed User
                                                                                                                                                                                              • Nov 2005
                                                                                                                                                                                              • 777
                                                                                                                                                                                              #48
                                                                                                                                                                                              that could be hella fun

                                                                                                                                                                                                Comment

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