All Forum Posts by: Al Davis

I have 20 acres of unfarmable raw ground in the county in Cache Valley, Utah. I also have a well dug that produces 24 gallons/min. my land borders in Smithfield City. However, they will not let me annex in to develop, nor will the county allow me to subdivide and develop. I have looked at an RV campground which has some challenges due to Health department requirements. I am entertaining doing a solar farm. Any other ideas?

I had 3/4 acre of land. Everyone told me I could not make money on it. I could not cash out refi. I was just stuck. The land was worth 100k because it was on Galveston bay.

For years I just sat on it and tried different approaches. Nothing worked. Then I found a MHP in Little Rock that I really wanted. I just simply called the bank and they did the refi....no questions asked. I took out 80k and put down on the MHP.

Now the land is worth 300k (thanks uncle Joe and Don) and they want me to pull more out. The MHP park I paid 230k for is now worth 1.1 million. I did a lot of work though (not out of pocket either). I cash flow and pay all my notes. I have reserves. I have to pay taxes on it because I am not tax savvy. (That is my next research btw).

Find out what works for you is my suggestion. Think outside the box. I will say, thanks to @Jay Hinrichs, I was able to think outside that box. There is a wealth of info on here that you can get from whoever you talk to.

Congratulations on all your success Mike, I really like your story and I also recently purchased a MHP and would like to connect with you to discuss what types of improvements you did to create such value.

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Thanx Frank, I appreciate your input and that's a lot to consider before moving forward. I'm not sure but I might be better off just terminating the lease in 60-90 days and then start my expansion project.

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Hello everyone, I recently closed on my first MHP and I need advice on how to handle the relocation of a TOH from one pad to another. I’m in the beginning stages of changing the layout of the park to allow for the addition of 5-10 more pads, my only issue is that I have a very long term tenant (31yrs) with a TOH that was place on a pad in such a way that prevents development of the additional pads. I would like to relocate the MH to another vacant pad but I’m not sure how to notify the tenant of this change, or how much time to allow for before the relocation and also who should pay for the relocation. Any advice would be greatly appreciated and TIA!

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Thanx Brenden, Yeah I'm very excited about my new property and have many questions so I appreciate the invite and I will search for your group on FB.

Looking forward to connecting with you in the future!

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Congratulations on your purchase!

I also just recently closed on my first MHP and I'm considering many of the same upgrades to my park, so how's your improvement project is going? Any advice on what obstacles to look out for?

Thanx!

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Congratulations on Your MHP purchase, I also recently closed on my first MHP and am in need of a lease agreement. Did you have any luck finding a workable lease agreement?

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Don't think I would do it while it's actively being rented due to the unforeseen complications with your lease agreement, although once you do make your improvements focus on quality, which will allow you to ask a higher rental rate and will as a by product help with your screening process and hopefully attract a better tenant which should ultimately increase your ROI.

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All Forum Posts by: Al Davis

Al Davis has started 2 posts and replied 9 times.

Post: Cape Coral Real Estate agent needed

Post: Cape Coral Real Estate agent needed

Post: How do I cash flow 20 acres of raw land?

Post: MHP long term tenant relocation

Post: MHP long term tenant relocation

Post: Mobile Home Park Lease Agreement

Post: New Mobile Home Park Owner

Post: Mobile Home Park Lease Agreement

Post: Do you improve rental properties?