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 really want to grow.
My strategy thus far has been to identify parks that are of interest near our existing parks, seek out the owners and make an offer. Obviously this has worked well, but takes quite a bit of time and effort.
I’d really like to supplement my efforts, by finding wholesalers that are active in Texas and in other states. For those of you who currently use wholesalers, how did you find them? Have you found good deals using a wholesaler? Any other suggestions on how to source off market deals in the MHP space?
Your post did not cross the line this time.
I am not in the MHP space buy I know using great wholesalers and driving for dollar can supplement your deal-finding efforts.
@Brendan Jones sorry I can't be much help with wholesalers.
Just curious, what criteria are you looking for? In my past I was a home health PT so I have been through SO many MHPs.
@Matthew Rolf in the Houston area we are willing to look at parks of pretty much any size. We have several parks in the MSA and so can add smaller parks to our existing operations fairly easily. Outside of the Houston area, we’d probably prefer at least 30-50 lots, but bigger is obviously better.
We prefer city utilities, but are not afraid of parks on well/septic or with a treatment plant. Also, we’ve done really well in turning around parks with issues, and so really look for the value add opportunities.