All Forum Posts by: Andrew Mettille

Yes that is the one and also only could find the 5 mobile homes. I emailed one of the real eatate agents and they have not gotten back to me in over a week. I'm assuming that there is only the 5 there with 10 open pads.

Thanks for all the valuable information. Been trying to get more information from the realtor been a slow process starting to sound like to was to good to be true but we will wait and see. Thanks again everyone 

I just started to look at my first deal in a mobile home park. I was wondering what some of the unexpected or overlooked expenses in owning a mobile home park, assuming that all of the homes are resident owned.  Is there any potential big expenses that i should be aware of?

A little about the deal:

15 lots one empty being used as parking(additional land that could fit 3 more units)

1 owned by current owner(I would be selling asap)

City sewer and water

2.43 Acres 

$208 a month lot rent

$119,000 asking price

Broker owned

Seems like it could be a pretty good deal, will be finding more about it this week.

Thanks for any help and info

Thanks everyone for the welcome! 

My name is Andy Mettille I live in Holmen, WI just outside of La Crosse.  Several years ago I took the real estate class and passed the test and everything just never ended up getting a job in real estate.  Now I'm ready to dive into the flipping side of it.  I'm hoping to be able to flip enough houses and make enough money to start buy and holding properties.  Rentals are great in this area because of the fact that there are 3 colleges in La Crosse.

I joined BP after listening to the podcast for a week straight while at work, mainly to start networking and to be able to ask questions or find the answers to the questions I have.  Being new to forums and being that there is so many I was looking for information and ideas about flipping in a smaller community, where I live there is only 9000 people so there really isn't a whole lot of supply out there.  I'm looking in this area because it is a good starter home area with a lot of homes in the 150k range, its family friendly and the taxes are a whole lot cheaper then the bigger city thats only 10 miles away.  So just looking to be sent in the right direction or if you have any suggestions on marketing in a small community.

Thanks

Andy Mettille