Updated about 5 years ago on .
? re +/-60 Unit Trailer Park
I have experience in SFH buy holds, renovate to flip, and I co own an award winning design build remodeling company in Philadelphia.
I want to get into multi family in 2021.
I am in contact with the seller of this property, situated over 4 parks, in proximity to each other. Seller is offering financing.
When I ran the numbers through a calculator, the CAP rates and returns look VERY GOOD.
To me this looks like a 24 month, force appreciation, cash out refi, hold.
I do not have experience in trailer parks or in a property of this scale. I would like to find someone I can team with. Ideally they would bring most or all of the cash into the deal.