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All Forum Posts by: Jordan Moorhead

Jordan Moorhead has started 318 posts and replied 4654 times.

Post: Seeking Off-Market Mobile Home Park Deals – Ready to Buy

Jordan Moorhead
Posted
  • Real Estate Agent
  • Austin, TX
  • Posts 4,872
  • Votes 3,428

Sounds like what I'm looking for!

Post: RE Syndication Opportunity - selling my equity share

Jordan Moorhead
Posted
  • Real Estate Agent
  • Austin, TX
  • Posts 4,872
  • Votes 3,428

@Martin Marsala I don't have a buyer but have friends who are passive investors. No offense but I doubt you'll get what you invested or more out. I know people who would probably look at it for a discount

Post: RE Syndication Opportunity - selling my equity share

Jordan Moorhead
Posted
  • Real Estate Agent
  • Austin, TX
  • Posts 4,872
  • Votes 3,428

What is the total invested in each? I may know of a buyer but they won't pay you full price

Post: Creative Financing Options - Help!

Jordan Moorhead
Posted
  • Real Estate Agent
  • Austin, TX
  • Posts 4,872
  • Votes 3,428

Subject to sounds like a good option @Wynn Williams. I'm not a huge fan of it personally but lots love it, check out Pace Morby on youtube.

Post: New to mhp investing, looking to connect

Jordan Moorhead
Posted
  • Real Estate Agent
  • Austin, TX
  • Posts 4,872
  • Votes 3,428

Take @Frank Rolfe's MHU bootcamp!

Post: Beginner real estate investor

Jordan Moorhead
Posted
  • Real Estate Agent
  • Austin, TX
  • Posts 4,872
  • Votes 3,428

Welcome!

Post: Contractor Reccomendations | Austin TX

Jordan Moorhead
Posted
  • Real Estate Agent
  • Austin, TX
  • Posts 4,872
  • Votes 3,428

Mark Mesedahl does a lot of work for me - 714-271-4837

Post: Please help me get started for mid-term rental investments

Jordan Moorhead
Posted
  • Real Estate Agent
  • Austin, TX
  • Posts 4,872
  • Votes 3,428

@James Enyeart we see anywhere from 5-10% vacancy on ours here in town. The problem with vacancy is it assumes all products are the same, our 2 bedroom which is designed much better than our 3 bedroom and more thoroughly remodeled has lower vacancy. Is it because it's a 2 bedroom or is it because it's in a better location and looks better in online pictures. There's a lot of nuance with it!

Post: Austin Investor Social Hour

Jordan Moorhead
Posted
  • Real Estate Agent
  • Austin, TX
  • Posts 4,872
  • Votes 3,428

The go-to Austin Real Estate Investment meetup with a dedicated event space @ Draught House Pub & Brewery.

This just a casual get together to talk real estate the 2nd Thursday of each month! We’ll have fun and eat delicious food.

There will be house hackers, BRRRR investors, buy and hold, flippers and commercial real estate investors at this meetup! Everyone is welcome and make sure to bring your questions about real estate investing or about the current real estate market

**Please come with the intention to connect and meet other like-minded individuals rather than pass out as many business cards as possible. Want to keep this an as pitch-free environment as possible**

Post: How to Buy a $2.9 million MHP

Jordan Moorhead
Posted
  • Real Estate Agent
  • Austin, TX
  • Posts 4,872
  • Votes 3,428
Quote from @Samuel Coronado:
Quote from @Jordan Moorhead:

You can use local banks and there are national lenders. I checked this out and it looks overpriced without having any other info. For almost $100k a lot you want a pretty high NOI to make sense of it, like over $300k IMO


 I agree. It's definitely a bit high. I believe these are all POHs as well. 

When you finance through national lenders, in your experience, is a balloon a common requirement for commercial loans of this nature or is it possible to get a fixed rate for 30 years? 


Yes, I've never seen a commercial loan without a balloon. Some DSCR lender may jump on here and say they do them but I don't like their terms typically.