Corpus Mobile Home Park

[Jordan Moorhead]

Investment Info:

Other buy & hold investment.

Purchase price: $1,320,000
Cash invested: $350,000

We picked up this value add MHP in Corpus Christi through a cold call and doing a 1031 with some of the SFH BRRRR's that we owned. The plan here is to fix up the park, sell off the POH's, fill vacant lots, add amenities for the residents and then raise the rent!

What made you interested in investing in this type of deal?

I love mobile home parks!

How did you find this deal and how did you negotiate it?

Cold calling

How did you finance this deal?

MHP Lender

How did you add value to the deal?

We will fix up the park, fill vacant lots and sell homes