Raising Capital or Private Lending for 4 turn-key MHPs
(Little back ground - currently own 4 mobile home parks totaling 157 lots)
Short Details of the current purchase that I need to raise funds for:
-I have the opportunity to purchase 4 off market MHP parks totaling 242 and an average of $420 lot rent.
-Park 1: 40 lots, 22 filled all new trailers. $385 lot rents
-Park 2: 72 lots, 68 filled. $420 lot rents
-Park 3: 73 lots, 30 filled. $420 lot rents (seller will fill all lots of I want, or can purchase at 30 lots filled, all new trailers)
-Park 4 58 lots, 55 filled. $420 lot rents.
I have always used small private investors to raise money for my previous deals. This opportunity will require much more capital. How do you go about raising private money in the 1 Million++++ (i know it must make sense for investors returns). Working on finalizing price for the parks and then raising the money as the seller will allow 9-12 for capital to be raised.
Any advice, input, connections are welcome. T
Thanks Everyone!