Developing a Mobile Home Park

Perhaps one of fastest ways to turn raw land into a real estate gold mine in today's market is by creating and developing a mobile home park. Mobile home parks can be as small as a half acre property to a parcel of hundreds of acres to be used for the purpose of supporting multiple families. Eight percent of all citizens United States of America live or have lived in a mobile home park at some time in their lives. There are mobile home parks in every state of the country that are available to support every demographic and every income lifestyle possible.

Mobile home Parks are generally simple to create and manage. Depending on your location to location of your park and the size of your park determines whether you will run the park yourself or hire a management team to run it for you. For the purpose of this article I'll describe to you the mobile home park I am attempting to create myself. Located in the mountains the West Virginia I have found a 48 acre parcel of land just off an access road about a mile and a half from the Wal-Mart shopping plaza, in Preston County. This 48 acre tract cost the $48,000. This comes to an average cost of $1,000 per acre.