Central Texas MHP

[Jordan Moorhead]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Cameron.

Purchase price: $850,000
Cash invested: $80,000

We bought a 33 lot mobile home park on the outskirts of Austin (Not in the metro) in a small town that is experiencing solid growth. We'll fix it up and fill it up with strategic rent raises over time.

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

We buy MHP's

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

Off market deal direct to seller

How did you finance this deal?

Local bank

How did you add value to the deal?

We'll pave the dirt roads, replace some sewer, new signs, new fence and trim some trees

What was the outcome?

Successful closing!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Amplify Credit Union in Austin