100 York Ln, Danville, KY 40422

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100 York Ln is located in Danville, KY.

New Manufactured Homes versus Old Trailers

If you had a choice to buy a mobile home park with brand new single and multi section homes versus one with 20 year old mobile homes and trailers, which one would you prefer?

I believe most people out there would initially think that owning a beautiful 4 or 5 star community would be preferable to owing an older trailer park. If I were to drive my grandma through my property I am sure she would rather see the nice park and big clubhouse with flowers everywhere.

However, after seeing many other investors and myself chasing these new parks with new homes I have come to the conclusion that I would rather own the park with the older homes.

New and Nice is not always better when it comes to owning mobile home parks. Especially when you are talking about the homes. In this tip we are talking about the homes only.

Lets take a 1988 16 x 70 mobile home that you can buy for $5,000 and compare it to a new manufactured home of the same size that you buy from the dealer and move into a park.

1988 Home: Price at $5,000, down payment of $1,000 and payments on the $4,000 at 9% interest of $250 per month for 17 months.