Rental Property Investor · Friendswood, TX · Member since 2010 · 663 posts · 508 votes
Hi everyone. One of my favorite things about the mobile home park business is the business! You meet new people, you see exciting things, you hear stories that are unbelievable. I thought I would start a thread to share some of my story.
Because sometimes 23k gets you a decent kitchen in a brand new home.
Because sometimes a quick coat of paint beats rust : )
Because when you are checking out parks in the DFW metroplex , you just have to drive by Mark Cuban's house. Sorry for being a creep Mark!
@Bill Regan Im personally not a fan of the home business. There are several schools of thought on this. I think there are some who are successful with the model. I see it as a necessary by product ( depending on the type of deal ) of being in the park business. I don't like the homes business and like it when people own their own homes and every decision we make has the goal to get us to the point of not owning the homes.
@Belinda Lopez I miss TX like crazy. We have actually been toying with the idea of packing up and heading back there..... again :) We are actually in the process of selling our TX multifamily and looking for more parks right now so for sure send us any park deals as we will need deal to get into more than ever.
I miss the RICH club as there is nothing like it ( especially the mobile home investors group- hope you still have that going on ). I would love to go back and be able to talk with park investors. Ill for sure get in touch if we head back down. Hope you guys get a break from the rain though!
Thought I would share some pictures from earlier this year when I was checking out some parks in the DFW metroplex. This is a park after some tornados hit the area. There were also some really upscale SFHs that had roofs and such torn off close by as well.
@Account Closedthe tornado damage pics are sad to see. I grew up in tornado alley and clearly remember how it felt each time a storm threatened to drop tornados on us--fortunately didn't have one hit our place. Lots of friends weren't so lucky.
It's sad that MHPs are called tornado magnets, as you pointed out--nearby upscale SFHs were hit as well.
Keep the pics coming. This is an excellent thread!
@Andrew K. Thanks, I did think that was important to point out, there was debris all over the city and you could see the destruction on different structures as well . It was only about half the property i believe as well so its just wild to see what tornados can do....