All Topics / Help Needed! / Caravan Parks!

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  • Profile photo of beno999beno999
    Participant
    @beno999
    Join Date: 2005
    Post Count: 6

    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

    Profile photo of kerwynkerwyn
    Member
    @kerwyn
    Join Date: 2004
    Post Count: 145

    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.
    Kerwyn

    Profile photo of mantmant
    Member
    @mant
    Join Date: 2005
    Post Count: 14

    Hi 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]

    Profile photo of Don NicolussiDon Nicolussi
    Participant
    @don
    Join Date: 2005
    Post Count: 1,086

    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).
    .
    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.
    .
    Good Luck.

    Don Nicolussi | Property Fan
    Email Me | Phone Me

    Learning, having fun and doing it!

    Profile photo of thecrestthecrest
    Participant
    @thecrest
    Join Date: 2004
    Post Count: 992

    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
    thecrest

    thecrest | Tony Neale - Statewide Motel Brokers
    http://www.statewidemotelbrokers.com.au
    Email Me | Phone Me

    selling motels in NSW

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