All Forum Posts by: Jonathan Nixon

Hey guys, 

I have a property in a great position finance wise and would be ideal for a flip. However, I don't think it will present well on MLS. Basically it's a great high end flip project (luxury condo) and I'm not sure I'm ready to commit to doing the work as its over 3000 sq ft.

Where would you guys go to sell this thing?

I'm about 50/50 in state and out of state. 

I just follow the deals and where I will be able to have a good operator.

Hey Tremon, there's a lot of fantastic resources out there. I would hesitate against buying any courses right off the bat that aren't specifically focused on how to analyze a stock. 

YouTube has many great videos. Let me know your interest level and Ill link some names.

In the meantime, Patrick Boyle has a great video about 10 books to read if you're just jumping into the markets or are simply interested in the markets. You will learn a ton from just those books.

@Russell Brazil chiming in. Bitcoin does far more than being a currency. This video will paint a picture for you of future use case for digital wallets and much more. If you want skip the bull case for some of that and just listen about what Bitcoin offers that is unique skip to around the 10min mark. (This is not my video, FYI) 

I had been offered one in hattiesburg about 6 months ago. Any chance you've made a recent acquisition Shane?

Congrats 🎊. Sounds like a nice find. @Tyler Casey

I have a handful of notes with them. So far so good.. Just be sure to vet each property and the terms within.

Good evening BP,

I'm looking to spark a conversation with MHP owners here local in Broward/Dade. I'm not necessarily looking for folks who own in the area, just owners of parks primarily in the southern part of US. I'm aiming to ask a few quick questions regarding your personal experiences as an owner and just build a network of active investors. If this is you, then please feel free to comment here or shoot me a private message. 

Also, I'm occasionally running across parks for sale and maybe I can offer you a lead or two if you're still actively investing.

Best Regards

I personally wouldn't really be interested in it unless it was sub 600k. There's just not a lot of upside in it in my opinion. You're stating is a a dump, which will require tedious work to get it where you want it. 

@Victor Menasce Well done that's a pretty fantastic rate just for lot rents. Especially considering Lake Charles you can probably find stick built homes that rent 1k/m or less. 

A solid resource to check out is MHPIRL (Mobile Home Parks In Real Life) podcast if you have had 0 exposure to the business. I would also try and a find a few parks in the region to try and network with the owners. Go a few towns over if you're concerned about upsetting local competition. Ask them what it is like for them. Also.. double triple check your zoning/city ordinances. Some places only allow 1-2 MH per acre (I'm not familiar with your market at all though).

At a minimum you're going to need to know what your market can fetch for lot rents, cost to build your spaces, and what utilities are going to be readily available to you. Those can vary widely regionally. That will tell you if it's worth your time pretty quickly.