Here’s a little something to consider for your self managed IRA or cash you want to make the best return you can on:
We own and manage parks in Texas, Montana and New Mexico.
Right now we have several small parcels of land in Kingsville, TX that we’re about to develop and sell.
These are all turn key deals.
We will be building 4 space parks with 2006 or newer homes in them. I know, no one wants park owned homes, but hear me out.
These homes will bring in $750 per month x 4 equaling $3,000 per month, $36,000 per year. Using the new homes make the upkeep low for at least 5 to 8 years. That’s about $280,000 in income over that time.
Our company will be managing it at 6% of the monthly gross and our maintenance guys will handle all repairs at $20 per hour plus parts. You get a check every month and that’s all you have to do.
We’re offering these parks at $168,000.00 and they will have new electric, water as well as sewer lines. All utilities will be paid by the tenants (they even get their own trash services).
Let’s say you net $30,000 per year in 12 years you will have doubled your investment.
Let me know what questions you have on this.
John Hurd