All Forum Posts by: Mark B.

To get off market deals. I have heard to get great deals, you must prospect leaving no stone unturned.

1.) Identify your Ideal Mobile Home Park and location (type of park spaces, age of homes, city water, city sewer, 70% or more occupied, cities with high population, etc..)

2.) get list and enter into excel.

3.) find owners info, address, phone#, etc.. 

4.) contact thru mailings, cold calling, etc..

5.) Compile sufficient info to prepare offer. Use google maps, best places, calculate CAP rate for Offer price, etc..

6.) make offer and put under contract.

7.) 8.) 9.) 10.) etc..

Is there a better way than going it alone. I know about Virtual Assistance. Are there investing teams that are prospecting for the same deals I am?

I advocate equal time on each team member or pay for leads.

What are the best steps to teaming up and find MHP's for sale.1.)identi

Thanks John, I will take and a look and consider.

I am new to BP forum. Has anybody teamed up on marketing to MHP's? I have spent money on direct mail, telemarketing and door knocking to park owners in NV, ID, UT and IN. I have produced some good leads and made a few offers, nothing under contract yet.  My goal is to buy (2) 30-100 space parks with upside. 

Because my specifications on buying a park is unique, I will create leads that I am not interested in putting under contract for. How do I find other MHP buyers that will reimburse me for these leads, if they close on a deal? Obviously, websites and broker leads I cannot charge for, nor should others.

Or buy Two replacement properties. Buy the park for $155 and buy something else for the remaining $55k.

You mean $155 and $95 or $100? Can the second property replacement be personal property such as multiple mobile homes? In this case the mobile homes would be located on the First replacement property.

I am selling a SFR Rental that I have had for 10years. Bought it for 200K, can sell it for 250K. I am buying a Mobile Home Park For 155K. I would like to transfer the SFR into a LLC before I sell it. Then when I buy the MHP for 155K, bank the balance in the LLC bank account and use the balance over 2years to improve the MHP. Can I do these $$ amounts for a 1031 exchange?

Thanks

Mark B.