Ron, Home Buyer in Dallas, TX

Is it better to buy the land in a co op mobile home park or would it better to pay a monthly lot fee.?

Asked by Ron, Dallas, TX Mon Aug 18, 2008

The average lot fee is 400 - 600 per month with a annual increase of 3-4 % . I have heard that Florida is passing on there high taxs to the snowbirds and that it might be wiser to lease instead of buying . Are the taxs that high for mobil home lot that it would be cheaper to lease?

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Hi Ron, Of course we each have to look at our individual situation and make the choice that's best for us, but as a whole I think it's better to buy then rent. When you rent there is zero possibility of seeing any type of return on your investment. When you buy you may not always be able to sell at a profit, but at least there is the opportunity to receive some compensation down the road if you decide to sell. A word of advice, be sure to look into the co-op's financials before making a purchase.
0 votes Thank Flag Link Mon Aug 18, 2008
The old saying you get what you pat for. If you choose to lease your loose control, you live be someoen elses rules and have no say. if you purchase at least you have a say and a vote. It is the same thing in a land lease as they pass the taxes onto you anyway.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Mon Aug 18, 2008
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