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Mobile Home Park Investing

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Logan M.
Pro Member
  • Investor
  • Provo, UT
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Three Common Ways to bring in capital to buy a Mobile Home Park

Logan M.
Pro Member
  • Investor
  • Provo, UT
Posted Jan 29 2024, 07:59

Since 2018, I have purchased eight communities and this is how I did it. One important piece to understand is that investing breaks down into Time, Money, and Skills.

First purchase: 50/50 partnership.

Second: 0% Down Seller Financing.

Third: 15k down seller financing.

Fourth: 50/50 partnership my partner brought all of the capital and I manage the community.

Fifth: 0% down seller financing utilizing cross-collateralization of another property (A SFH that I owned outright)

Sixth: 0% down seller financing utilizing cross-collateralization of another property (A SFH that he was okay with being in second position on)

Seven: Seller Financing 300k down (I bought this in my fund and raised capital through that vehicle), 0% interest loan for 3.5 years.

Eight: Seller Financing 53k down (I bought this in my fund and raised capital through that vehicle), 4% interest loan for 6.5 years.

The biggest takeaway I want a reader to get is that there are a lot of different ways to make a deal work. 

Learn how to operate multifamily effectively and people will give you money to find the deal and deliver cashflow.

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Replied Jan 29 2024, 13:00

This is great info, thank you Logan.

User Stats

729
Posts
611
Votes
Logan M.
Pro Member
  • Investor
  • Provo, UT
611
Votes |
729
Posts
Logan M.
Pro Member
  • Investor
  • Provo, UT
Replied Jan 30 2024, 09:51
Quote from @John Ahrens:

This is great info, thank you Logan.


 I like to post material I wish I knew when I started.

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