a guaranteed income permanently, because the land would always be good, and i would charge a very reasonable price so that the people would probably stay for a long time and keep up the lot.
2006-09-19 15:17:56 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
hey wood butcher, i guess you would know about hillbillys huh? you must be one yourself. so thanks for the hillbilly advice.
2006-09-19 15:37:38 · update #1
My uncle has done that and lives in florida now, his park is in Wisconsin, he makes over 60,000 a year and does nothing, he just has a guy come and empty the septic tanks
2006-09-19 15:25:46 · answer #1 · answered by klairyker 2 · 1⤊ 0⤋
I do this and think it's a great way to earn income. As long as they put their own mobile on the lot you have no expenses with repairs, you just collect the money every month, and the property keeps going up in value. It's better than money in the bank and the small amount of interest you earn..
Just be sure you have a good lease. I have had people move off and just abandon the trailer. Make sure you know what finance company carries the loan on the trailer, so you can contact them to move it. If you don't have that information, it's really hard to get,at least where I live - Arizona. If you do get good renters they usually stay for years because it costs so much to move a mobile. Also, make sure you pay for garbage service (you can add the cost into the rent). I've had people move off and leave mounds of garbage behind because they lost their job and couldn't pay for garbage service. There's always some problems, but they're usually few and far between. You sort of learn as you go. I've been doing this for over ten years and can't think of a better way to earn money for the amount invested.
2006-09-19 15:46:57 · answer #2 · answered by sagerider 2 · 2⤊ 0⤋
in many circumstances it truly is all treated because someone has lived interior the domicile before you. each so often that's city water and sewer each so often the different. verify in along with your genuine belongings agent to be confident.
2016-11-28 03:10:10 · answer #3 · answered by ? 3 · 0⤊ 0⤋
I suggest you really research this, I think it is not such a great idea personally. There are a lot of things you will need to finance and the zoning of the land is important.
2006-09-19 15:21:42 · answer #4 · answered by MadforMAC 7 · 0⤊ 0⤋
it depends where you are. In Manitoba they don't let you do that if each parcel is under 10 acres. You should go to the municipality and see if you can just split up your land like that.
2006-09-19 15:23:02 · answer #5 · answered by touringtaylor 2 · 1⤊ 0⤋
If you live in "hill-billy" land, it's a sure bet.
2006-09-19 15:26:14 · answer #6 · answered by wood butcher 3 · 1⤊ 3⤋