All Forum Posts by: Dane Fossee

@Walid M. thanks for the feedback! A follow up question for you - is there a ballpark per foot estimate you use for maintenance on the buildings (excluding lawn and snow)? I don't trust the seller provided numbers..

Good evening! Can anyone with experience in the multi tenant industrial space help me with a few items? Is there a ballpark/rule of thumb for cap ex reserves (for lenders and internal estimates)? Ballpark estimate for roof replacements (in the Midwest)? Thanks! 

@Frank Rolfe do you see increased competition in this space? Or will the uncertainty and lack of CMBS have some exiting the MHP market (specifically the investors targeting properties above a few million and below the very large institutional parks)?

Do you see the increased interest in MHPs the last few years as favorable for the industry? 

Thanks!

@Charles Kao are you an active buyer in Michigan? Can you share your data on the default rates? I'd love to dig into it. Thanks for your comments! 

Hi everyone, 

How do you think the mobile home park space will perform in the next 1-24 months? Do you believe the Covid induced economic downturn will takes its toll on the industry? Do you think we will see less competition and more buying opportunities (or the contrary)?

Thanks!

Hi All, 

What would you estimate the gas (steam boiler system) & water charges to be for a 30 unit apartment building in a cold weather midwest state (Illinois, Michigan, Ohio, etc.)? I realize these figures are probably all over the board but any feedback would be helpful.

Thanks!

Hello all, 

Can anyone provide me with some local knowledge of the Statesville, North Carolina commercial real estate market and the economy in general?

Would you invest there?

Are people moving in or moving out?

Is there a significant amount of commercial vacancy?

Who are the major employers?

Any feedback is greatly appreciated!

Hi @Sheila F.

I am from  Metro Detroit but have recently come across an opportunity in Statesville (a small office building). Can you provide me with any information on the commercial real estate market there, the economy in general, etc.?

Any feedback is greatly appreciated. 

Thanks!

@Damion York absolutely. 

Dear Metro Detroit Agents, Wholesalers, Investors: 

We are looking for deals in Grosse Pointe, Saint Clair Shores, Royal Oak, Ferndale, Midtown Detroit (We will look at most any deal on the eastside if it makes sense!).

We are looking for properties to buy/hold and rehab projects. We are cash buyers and can close very quickly and smoothly. 

Thank you!

Dane Fossee

[email protected]