All Forum Posts by: Kenton Coffman

Hey Bryan, give me a call!  I'd love to help

@Kristen Beahm @Josh Copeland I too think the condos are interesting and I'm closing on my second one.  I really like them because of the reasons Josh mentioned and for easy self management.  

There's always the nagging thought that they could turn out like Brentwood Forest where they force more owner occupants, but I guess that's a risk I'm willing to accept.

I think they're a great investment ESPECIALLY when there's a mix of sfr, multi, and condo (and condos in different condo associations).  I'm not big time yet but have one sfr, one duplex, and working on the second condo.  Seems like this mix will turn out well when looked at as a whole.

Always love connecting!

@Max Householder Do you have the current leases for the non-paying tenants?  I'm assuming not, but if you do, then obviously that should get you some insight.  Wish I could help more, but I don't have experience in this area.

Looking forward to seeing replies

@Brent Murphy Yeah his name is Jason LiCavoli.  It might be easiest to look him up on facebook and shoot him a message or you can also go to Jeffcore.com for more info

@Brent Murphy I'm not all that familiar with JeffCo, so that's definitely something I need to dive more into. I work with the guys that host the JeffCo REIA. You should definitely connect with them and go to their meeting sometime. They're having really good turnouts

@Carlos Vega congrats on taking your first step, it's the hardest one to take!  What area is your duplex?

Hey @Caleb G potter that's crazy, I just got out of the army a year ago and am in real estate.  Let's connect!  What area do you live in?  I'm in South City  

It'd be great to discuss goals and obstacles!

@Carlos Vega nice work on moving forward and making progress!  My first rental didn't and doesn't have great numbers, but it got me in the game and kept me excited to make the next move which is extremely valuable.

Curious also as to what area?  

I'm currently in a duplex in south city Princeton Heights Area

@Bill F. no one has said it's a dying method of living.  That's a thought in the back of my mind that I was reaching out to everyone about because it's not in my current knowledge base

@Chris Ebert I've listened to some and it's peaked my interest.  I'll be diving in on more literature, podcasts, etc.  I am being greedy and hoping to find a local investor who has done it here to bounce ideas back and forth

@Max Householder there definitely are more than you initially realize once you start keeping your eye out for them.  There is one in South county that caught my eye and made me want to start doing serious research on how I would purchase and manage it

Thanks for all the responses!  

Hey BP!  

I live in St. Louis and am recently full time in real estate with wholesale, wholetail, rehab, and retail.  In addition I'm looking to pick up a rental every year or two to add to the 4 I currently have.

My question is about mobile home parks and specifically parks in and around St. Louis.  I'm obviously intrigued with the even more passive income model once the park is strictly renting out pads and all homes are owner owned.  BUT it seems a bit daunting to get started.

The main concern I have is that the big appeal comes from the fact that there are fewer and fewer parks every year from those that are sold and converted to some other use.  The pro of that is that they're in limited supply and they should be scooped up before they're too hard to find.  The con would be that it's a dying method of residency. I'm worried about buying  a park and not achieving high occupancy due to a lack of interest in the market.

Any thoughts?  And if anyone has experience in or around St. Louis, that's a huge bonus.

Thanks!!!