All Forum Posts by: Charles Chester

This one was a little outside of my price range; I have moved on to something a little smaller that is within my reach.  

I drove by yesterday looking at a property in the area and there was a little activity, but it still seems to be on the market.

There are multiple buildings on site and that is another good point

I was never planning to own the actual homes. Just the dirt and maybe that is an issue  

Mobile homes fit the demographic pretty well, there is half a dozen mobile home dealerships a short distance away.  This may not be a great indicator as I first thought  

I am about 100 miles east of Houston. 

I’d be happy to share my spreadsheet if you’d like to glance at it. It’s pretty detailed and versatile and may be a useful tool for you if nothing else. 

Charles

 Frank

All great points and greatly appreciated. 
It raises questions for me which is why we post here right. 
I have looked at purchasing an existing park  even made an offer on one. It didn’t work out. 
Development is what I’m comfortable with and it’s what I enjoy really, I guess that’s why I always find myself back to this point. 
To your point of competition, that has been a concern of mine always. 
I would like to hear your input on the capital intensive items you mention. 

Thank you
Charles

It’s very interesting  I think just from a storage aspect. 
I did speak with the agent when I first posted this. It was a little outside of my price range. 
There’s always talk storage, boats/rv, mini, cars etc , but never about railcars   

 Luckily there is no zoning.  The city is very easy to deal, but I will get a meeting setup with them first thing. 

There is a railroad crossing 1/2 mile away, this has caused me to be a little hesitant.

I have received help and advice from several people throughout my career and I feel it is time for me to pay it forward.  

I would be happy to help anyone in need of drafting, design or layout help.  I do not do it as much anymore, but it is still a tool I keep around.  Autocad can be used for many things.  I use it for take-offs, estimating and a few more, other than concept development.

If you have a question don't hesitate to reach out.

Charles

I have been considering getting into the development of mobile home parks.  A piece of property came up for sale in town that has the right shape for it I think.  I have attached a PDF I did earlier today for review.  

I have questions on the utilities if someone has been down this road before.

I wanted to do a phased approach to minimize capital and expand as needed.  Is this the right thinking?  Would it be better to install all utilities in Phase I and the pads as needed?

What could be added to separate this from others in the area?  I was thinking playground equipment, basketball goal, stocked pond.

What are things that you overlooked during your development that I should be looking for?

Charles

@Paul Moore @Ronald Rohde normally this wouldn't be something I would even inquire about, but it is just a short drive away and this is right in my wheelhouse.  I am currently doing a rail terminal project in Brownsville oddly enough.  

The midstream business is where I have been for the last 15 years.  It is what I know.  Developing those assets is what I love.  Storage is only the first phase, rail loading, truck loading, transloading are all possible.  

 Mike

Anything I can do to help let me know.  Just send me an email.  I will give you all the mistakes I made and lessons I learned.

Charles