Land Leases and modular homes

[Wally Ballou]

However, any idiot who would buy into such tripe deserves all the headache they get.


As a trainee, what are you appraising? The land? The MH? The MH on a leased fee estate? Sounds like you are appraising the whole site- a commercial land development...Hope you have a good CG mentor, so what does he/she say?

In case I didn't respond - I'm a "trainee" with 30 years experience.
I have other interests, and never got my ducks in a row to move up.
Maybe now that I'm retirement age, I'll look into getting my general license

 

[Wally Ballou]

An update - we declined the assignment.
The lender wasn't happy, but the concept was waaaay too far fetched, for many reasons.

 

[Wally Ballou]

$2M+ a year coming in....wow.

Are you sure they are modular and not manufactured?

What amenities do these pads offer? Utilities? Shared olympic pool with a 5 star restaurant?

As noted, we kicked it back. It got crazier as time went on. It smelled bad from the beginning