FHA Loan Hack for small mobile home park...??? What say you!
I've earned the nickname MacGyver since childhood because I am always looking for, finding, and creating loopholes and alternate ways to accomplish the same goals others take the traditional paths to... View more
JV Structure / Terms
I am considering a JV with a fellow MHU bootcamp grad. I would provide most of the capital for a deal that the partner found.
Does anyone have advice/examples of how you have structured your own JV deals?
Mobile Home wholesaler Needed
MHP Investors,Have you had luck sourcing used mobile homes from Wholesalers? If so, do you have recommendations for mobile home specific wholesalers?
Mobile Home Park Appraisal vs Industry Formula
The industry standard formula to evaluate a park is# of lots x caps x 12 months x expense factor x lot rent ($)I understand it is basic and we should consider the market and etc. I do my offers based on the formula.... View more
MHPs: Subdividing Lots in NV
Hi All, we own a 17-space MHP in Hawthorne, NV. We are looking to sell the park and have had several prospective buyers inquire about the possibility of subdividing the lots to increase the number of spaces. How would... View more
Individual water meters
Is it legal to meter each pad even when the park is on a well system? I know you can’t profit when you are on public water, you can only pass through the bill. This park is on a private well, so can I meter each home... View more
Mobile Home/Storage Units
I have been in contact with a MHP owner with some storage units on site. I reached out to the owner and introduced myself explaining to them what my goals and aspirations are. I asked first if they were looking to sell... View more
New construction mobile home
I’m buying a lot and doing all the prep work (septic, well, power, grading, driveway ect) then putting a brand new mobile-home on the lot. Looks like the lot and prep are going to be about $25k the home will be around... View more
Thinking about starting a trailer court..shoot holes in this idea
Good morning everybody! Its been a while since I've last posted. A lot has changed, we have purchased and sold several homes, and are in a good financial position to make our next move. Ill try to keep this short... We... View more
Rent, Owner Finance or Sell
Hello, picked up a nice single wide mobile home on almost two acres for $35K cash a couple of months ago and after ~$5K in updating and minor repairs, I'm in at about ~$40K. I could sell for $95-$110K and double my... View more
Mobile Home (RV) "flip"- Title questions (San Diego)
I've stumbled into the idea of flipping a mobile home (A mobile home RV might be a better description of this one). I'm looking for feedback on the process/feasibility for those that have experience. I'm in talks with... View more
Seeking lenders for syndication
Hi All,My partners and I are putting together a syndication of 5 smaller parks located near each other but are having a hard time finding a lender.We've been through the local banks and credit unions, and have even... View more
Analyzing mobile home parks
I'm looking into purchasing mobile home parks here in South Carolina. How does one analyze these? Do you treat it as a commercial property and base things off gross and net operating income?
Thanks in... View more
Covid-19 VS Mobile Home Parks
I've love to hear from mobile home park owners or managers! On the broader scale in general Midwest markets, how did mobile home parks fair during Covid (LAST 12 MONTHS)? Were occupancy numbers up/down? Was rental... View more
Seeking mobile home park friendly CPA
Happy new year! I'm reaching out to you all to see if anyone has any connections to a few great CPAs that are knowledgeable in the way of mobile home parks? I would really appreciate it. Please drop a name and... View more
My First Mobile Home Park Purchase
Hello BP family. I am a fairly new real estate investor of sf. When looking for other deasl I came across this mobile home park for sale online. I know that mobile home parks are profitable so I am in the process of... View more
Mobile Park Newbie:Mobile Park Experience
Anyone who has Mobile Park Experience needs to pick their brain. I need some input for a deal. Please PM I am happy to pay a consultation fee if needed.
In search of six used mobile homes for park in Indiana, need help
Over the next six months, I need to fill about seven lots at one of my parks in Indiana and I'm not finding good options right now so if anyone has some suggestions, I'm all ears.Thanks,Mark
New Mobile Home Park Owner
Hey Bigger Pockets Family,
My partner and I are preparing to close this week on a small mobile home park in Midland, TX. This will be a first for us both and I wanted to get your feedback and experience in owning and... View more
Do Mobile Home Lot owners own the vacant homes?
Basically the title,There is an old mobile home lot in my area that I am looking to reach out to the owner to pitch him a deal of me fixing up and selling the vacant mobile homes on his lot and keeping the profits from... View more
Possible MHP Backflow Issue?
I am selling a 46 space MHP that was built in the early 60's. The park is on city water/city sewer and the water pressure is low, but in the range of normal. The buyer had the water tested twice. They are saying that... View more
What is the typical business model for a MHP?
I'm looking into an MHP park that has a lot of potential but has been left to rot for some time now.
I'm a newbie to MHPs and wanted to see if someone could help me understand the most common business model?Does the... View more
Growing my MHP business
Welp, looks like my last post crossed a line. Let me try again....We own several MHPs in the Houston metro. I was able to initiate several deals this year, and we closed on 4 new parks. Looking to 2021 and beyond, I... View more
Digital water meters
What companies do you all recommend for digital water sub-meters?
Your input would be much appreciated!
Financing new 2021 mobile home in co-op
I am looking to place a brand new mobile home on lot within co-op( I own the shares)Should I pay for the mobile home with cash, or should I finance the house ($53,000) Also, Can you refinance a mobile home within a... View more