Recommended Lot Size for First-time Mobile Home Park Investors

For first-time mobile home park investors, it is advisable to start with a smaller park size, ideally 150 sites or less, to avoid direct competition with institutions but have the potential to appeal to them for a future exit strategy. When considering a purchase, focus on sites that offer room for expansion, typically with at least 25 acres of land available. The rule of thumb is to aim for 10 sites per acre for an RV park, adjusting for factors like wetlands, setbacks, and zoning regulations. By starting with a smaller park with growth potential, investors can have a manageable investment that aligns with their budget while setting the stage for eventual expansion and attractive market positioning.

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