All Forum Posts by: Jeffrey Donis

I agree with @George W. Considering how it isn't that many units, there might not be much advantage to separate the utilities as the current owner. It might be a potential value add for the next buyer, as others on this forum have mentioned. 

I agree with with @Tony Clark. I've heard mobile home parks have the lowest long term appreciation value, and it can be hard to sell if there isn't any demand for it in your area. As others have mentioned, it can be harder to find financing for a MHP. Nearby communities might not be happy with a MHP in the area and you might be re-zoned as well (depending on location). And mobile homes have no solid foundation usually, so they are more susceptible to damage in the event of a natural disaster. I vote you go with a small multifamily property, perhaps in a market @Stephanie P. suggested. Best of luck!

Hey Doonie, welcome! We actually also recently started a podcast -- The Real Estate Monopoly Podcast with the Donis Brothers. It's a pleasure to connect with you! My brothers and I are also part of the Think Multifamily group. I agree with what you said about connecting with anyone--everyone has something to teach :). I also agree with some of the other comments -- there are tons of great, honest operators in this space. Would love to chat with you. 

Hey Gretchen!

Great to see that you are underwriting deals and submitting offers! I for one get a little anxious as well waiting to hear back. One thing that my team and I do is to always keep underwriting other deals and looking for the next potential one that we will submit an offer on. The best way to relieve some of this anxiety is to stay busy looking for the next! 

 That's great to hear! Wish you the best of luck! Like I mentioned earlier I am in NC and some other markets here in the South East- if there is anything I can help out with feel free to reach out! 

Hey Jessica!

I would recommend coming up with a buying criteria as to what you are looking for and in what areas. This will help you know where to start. The best way to find MF deals is through brokers so building relationships with brokers in the areas you are interested in is the best way to go about it, however you want to have a "team" in place before you do that. Having a property management company, SEC attorney, mortgage broker and insurance broker, as well as a potential coach if you are brand new are all parts of the team that you should keep in mind. 

Hey Jason!

Great to see that you are interested in MF. Here are a few resources that can help-

ABCs of real estate, The Best Ever Podcast With Joe Fairless, and podcasts such as The Multifamily Take-Off, Multifamily Mavericks, The Michael Blank Podcast, and The Real Estate Monopoly Podcast (this is one that my brothers and I started). 

Best of luck! 

This channel is very good - 

Hey Spencer! Hope you have been well-

Likewise! I am very excited to start going out and networking with people in my area. I am attending a meet up next month for the first time in what feels like years, as well as attending the Thinkmultifamily event in Texas at the end of April. 

How about you?

Hey Michelle!

I am from NC so my answer is biased- full disclosure- however with all of the migration from up north the southeast region continues to grow and flourish.