All Forum Posts by: Jason Ray Richardson

11,000??!!! How many lots?

It's supply and demand and so some areas are easier to find those deals than others. Here in the southeast I would think that it would be a little easier than say up north. Just keep looking via all means (Facebook, referals, park owners, craigslist, zillow)

I would have the conversation with them regarding your expectations and see what they say. Also it won't hurt to go ahead and list the property on Zillow so that you can gauge the interest for the apartment. For example if you list and you get 20 calls in 2 days and then the current tenant is iffy then you can just ask them to leave at that point. As the old saying goes a bird in the hand is better than 2 in the bush. You'd hate to run a paying tenant off if it's going to take a while to fill it. On the other hand now is the best time to act versus signing the lease and having them not afford new rent, dogs tear things up, etc.

You're in good markets. Learn a lot, surround yourself with people that know a lot especially about those markets (in person or online like biggerpockets). After talking with them decide on what niche (ie. single family, mobile home parks, etc.) you want to be in. Then go after that full blast. My suggestion, for what it's worth, is to focus on one niche and get great at it, get some deals under your belt, before you get into something else.

Insurance agent worked my way up to run the division I was working for. Bought the house next to me out of foreclosure in 2017 and since then I've bought 7 more houses and a mobile home park. It takes time.

As long as it's true (statements on the form he wants you to sign that its), just sign the form.

I would say probably don't do either because once you give an inch they will take a mile. OR if you want to meet them "half way" allow certain pets but they will have to pay higher rent and a non refundable pet deposit. 

 Exactly. And, in most cases, mom and pop because they haven't kept up with the times on rents they've attracted disrepair, vacant homes, and tenants that are not interested in making the neighborhood they live in better. And no investor is going to pour money into something that he/she can't get an ample return based on the risks/work often associated with these properties.

Just a comedian that in reality knows little to nothing about the subject he's talking about. He's just wanting to get some laughs, as with liberals these days, let's bash the person that bought the park and provides housing opportunities for people. He used a broad brush to paint the entire industry which was unfair. The real issue is that in many areas there is a shortage of affordable housing and the government doesn't solve it, they only make it worse.

Not enough meat on the bone if I were an out of state investor that had not previously dealt with mobile home parks. Your limited day one by the city not allowing expansion. Unless you could sell the unused acreage off or something like that. That's just my 2 cents worth.