Hey Everyone,
Does anyone have any experience with buying properties within caravan parks? I have noticed a few on the internet that may be CF+. Does anyone know what a site fee in a caravan park covers? eg. maintanence etc, council rates etc.
Do people think its a viable investment option? I would think it could be due to our ageing population. Anyway any advice would be greatly appreciated.Thanks
Hi beno999
I have heared of people buying mobilehomes in caravan parks and then wraping them to other people. Seems to work as a couple of people do this all the time.
I use to live in a caravan park once many years ago and the fee you pay covers your use of all the park facilities.
Can’t see why you could not rent the van out if it is CF+ but you may have to pay the fees.
KerwynHi beno
This is my very first reply/post so I hope I can help with your question. I looked at investing in a caravan park at a transportable which yes it did have +CF and the site fee was $100 pw which covered everything rates included. this can be wonderful passive income although you have to take into consideration that a bank will not lend on a transportable because there is no title. so you would have to fully fund it yourself or take out apersonal loan which of course will attract a higher int. rate,also you could not use the equity in the transportable to give you the precious leverage for future investments I hope I have all my facts right but that is what I have learned thru my experience with the prospect of investing in transportables.I must admit I was a bit sus on them when I found them and they were CF+ I thought this is too easy obviously its not too hard finding CF+ yeah right any way now ya know there,s a good reason why.
best of luck with your investing .
mandy[hair2]Hi Beno,
We have a mobile home/caravan on the water in nsw. We toyed with the idea of renting as a holiday rental but after further DD we found that park management restricted this as it detracts from their holiday business (renting cabins).
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You would have to speak to the individual park. Now we just use ours for holidays and offer free to the extended family. It’s good to have somewhere to go at the drop of a hat.
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Good Luck.Don Nicolussi | Mortgage Broker - Home Loan Warehouse
http://homeloanwarehouse.com.au
Email Me | Phone Me"I think of finance as a technology, a way of getting things done." Robert Shiller
Hi Beno999
If finances permit, why don’t you think big and buy the whole park ? They usually have a ROI of 12-15 %, not too shabby,
Lease one and employ managers to run it ?
Lease with buy option the whole park ?
Check the Business and Motel brokers websites.
There is a van park specialist called Buckley I think.
cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
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