Highest And Best Use Thinking

Send us Fan MailA mobile home park in the middle of a big city sounds like a straightforward park underwriting problem, until you look up and realize the entire corridor is turning into retail. I’m under contract on a messy, grandfathered park with utilities in place and commercial activity all around it, and I’m not excited because it’s a “park deal.” I’m excited because it forces the question most investors skip: what’s the highest and best use of this land? I walk you through my real-time decision process, including why the same property can be worth roughly “park money” on paper but “commercial dirt money” to the right buyer. We talk land comps per acre, how existing infrastructure changes redevelopment math, and why I’m approaching both mobile home park buyers and the builders putting up strip centers next door. You’ll also hear how I think about risk when a deal is sub-to, operationally under-documented, and simply too big of a project to own long term. Then we get practical: what does it cost to remove trailers, relocate people, and clear a site, and how do you subtract those costs to arrive at a price a developer can actually buy? If you invest in mobile home parks, commercial land, or wholesaling, this is a mindset shift you can use on every property you analyze. Subscribe to Property Profits Podcast, share this with a friend who underwrites deals, and leave a review if you want more daily episodes like this.Support the show🎧 Enjoyed this episode? Don't forget to hit the like button and subscribe to Property Prophets for more valuable insights and captivating conversations with real estate experts. Your support means the world to us! Follow Travis on social media for even more Real Estate Advice: www.facebook.com/travis.wells.7587Instagram :  / travisclaywells  ​TikTok: / travisclaywells  ​Linkedin: / traviscwells