A developer outlines three real-estate plays: converting a mobile-home park into a four-story multifamily complex with Walmart anchors, staffing an RV park with a resident manager who trades a parking spot for labor, and flipping an Arizona RV park for a bank-financed buyer.
What they were doing was they were adding. With the adding of four stories, they were quadrupling the amount of people that could live, people who could be there. Wow. And then what they did was they added in the. The commercial aspect to it and put Walmart there and all the other retail stores making more money off of that too. Right? Yeah. And so all by buying a mobile home park that was way too old to update. Way too old. Up. They went in with multi family, built a lot of multi family, some commercial, and put in the infrastructure to do it and called it done. But I did a demo on it. A lot of fun. That was smart. That was a lot of fun. But that's just an example of what I think we could do with it. With you on that, Amore, is that if you want to do RV parks. And here's the other part. With an RV park, you can actually get this person to be somebody who lives on site just like this person is. Oh, yeah. You can actually trade out one of your spots to have these people working there. And this is again, because they have the activities director, all that. So one of the things that we. I. This is just popped in my head right now, epiphany style, because I see Laura and I'm talking. Catherine's over here. We were talking about doing this with a particular RV park in Arizona. And we are going to do a. We're looking at possibly taking it over and doing a fix and flip on it, be in the bank on it for the next buyer and letting the next buyer turn it into something.
