All Forum Posts by: Brian T. Allman

Mark Gibbs i tried to message you but the message option doesn’t show when I click you profile. I seem to be missing the message/colleague request options on my iOS app... I’m a pro member too :-/

Forgive me, but I have no idea how to message you directly. I clicked your profile and don’t see that option... ?

I am working on a similar deal, issue is sub-metering electric. Similar resources and guidance would be very much appreciated!

Here are the details! - I appreciate any help, feedback, or additional due diligence suggestions. I may need a partner on this deal. If it appeals to you, please comment below! $430,000 20 Units, 7 Vacant 950 sq ft building, livable, used as ‘office’ 3 Acres City Water, City Sewer, Paid by park Power, 1/2 Separately metered 1/2 Master metered (how much does that conversion cost?) 5 Park owned homes recently renovated Water lines recently updated, sewer lines giving some trouble with longer runs otherwise ok. Rent: $4950 Expenses: $1,250 Gross Cap: 13.8% Debt service: $2,028 Est. Cap on Cash: 14.2% Financing: 25% Down, 25yr amort, 5.75% commercial Working on: test ads, quotes for separate electric meter conversion, crime report from local PD, better financing What am I missing?

Seems like one of the challenges for mobile home parks is commercial financing. On the BP podcast, they talked about using FNMA or mortgage backed security loans to buy mobile home parks at better rates and with more favorable terms than commercial loans. Has anyone had any experience with this? Recommend any specific lenders to work with?

Seems like one of the challenges for mobile home parks is commercial financing. On the BP podcast, they talked about using FNMA or mortgage backed security loans to buy mobile home parks at better rates and with more favorable terms than commercial loans. Has anyone had any experience with this? Recommend any specific lenders to work with?

Hey Jordan! With you being in MN, I’m curious why you are looking in TX and KY! TX seems to be target rich, and doesn’t have income taxes, but has very high property taxes. What draws you to KY? I’ve heard great things about the growth in TN, and obviously in TX. I’ve always been most interested in those states without income taxes and find there to be few MHPs available under $1M

I am looking to partner up on a MHP deal with another investor and/or park leads near the west coast. We have one decent target opportunity close to us, but I am looking to expand my geographical scope to find better deals! If you are interested, please let me know! Looking to buy MHP’s with very little POH’s, city water, city sewer, 30+ spaces, not in a flood, tornado or hurricane zone.