All Forum Posts by: Mike Reynolds

Hello All, I'm interested in building a Mobile Home Park on some property I have in Texas.  I'm currently trying to determine the feasibility for a park on that property.  Does anyone recommend knowledge sources on building a mobile home parks (websites, books, organizations, plans, etc..).  There is a small park about a mile from the property, so I know the infrastructure (water, electricity, sewer, trash) is available for a build.  The property is in a rural area, so I'm trying to project how much demand there is.  I'm still trying to get in contact with the park that is near to get their monthly lot rate.  I did get lot rate for a similar rural park that is about 40 miles away, and they charge $350 per month, which is decent.  Again, if anyone knows of any resources about building a park and running it, please let me know.  I bought a book about investing in parks, but have only found 1 book about building a park, which was from the late 1950's.

Hey all, 

I'm looking to link up with a GC that his recommended by ya'll, located in San Antonio, Texas. I have a property that needs to be walked and bid on for the rehab necessary. Any recommendations ? 

I did a quick search on the forums and saw this question had been asked years ago with really no good answers to it. so figured I'd throw up this new post! 

Please help! lol. Thank you. 

Does anyone have any information about the short term rental market in Kyle Texas?
I have an opportunity to get into a property that doesn’t have any true equity, but the terms are really good. I don’t see where a rental would make sense, so I’m trying to look at other options to cover the monthly payments until the market goes back up.
 

Nice article I guess.  What are your personal experiences with mobile home parks?  

Good afternoon, 

It has been hard to find people who are trustworthy in this industry that are in the RV Park Development and/or Investor side of things. I wanted to reach out to gain insights into the industry, from a seasoned professional. 

Best, 

Nathan

Earn more money , spend more money . When buying a car people want to know what  the monthly payment will be ? I want to know the price of the car .  They are told by the bank what they can afford as a monthly house payment and they buy at the maximum . Same with the car salesman .  People dont plan to fail , they fail to plan . 

They dont teach basic fiscal management in school . And if they do its not much . 

"The Peter Principal " Says something that people will rise to the level of their own incompentence .   

Nickels and dimes add up , we recently cleaned out a house , I had a 20 year old guy helping me . Many trips to the landfill with the dump trailer . As we were moving stuff out I told him to put anything that was mostly metal off to the side , and we even cut off cords to lamps . He told me it was a waste of time . I told him just do it . Then as we went to the landfill he say they charged $100 a ton to dump . Our last trip was all the metal , we put in the steel first , and the aluminum , copper and wire last . First stop was the place to sell the aluminum and copper , 800 lbs and I got $300 , last stop was the steel recycler I has 3000 lbs that was just shy of $200 .  His jaw dropped and said you just made $500 , I told him no , I just made $900 . Because I didnt take the metal to the dump which was 2 tons that would have COST me $200 .  And the agreement with the customer was $100 a ton to dispose of the junk .  It didnt matter where or how I disposed of it .    ( Plus the hourly rate to empty the house ) 

Quote from @Mike Reynolds:

Quote from @Neil Narayan:

Quote from @Eric James:

Quote from @Bruce Lynn:

@Neil Narayan   it will be interesting to see how many space engineers and rocket scientist will move from Hawthorn to Boca Chica which is nowhere near Austin.  Probably 7hr drive.  Maybe Elon will build a Chunnel from Austin to the launch site.

 They are running a hovercraft between SpaceEx at Boca Chica across the bay to S. Padre Island. Maybe new employees will live in the island 

I would love to live in S Padre, maybe i should apply to SpaceX ;)

 SpaceX is going to be near Austin. Between Austin and Bastrop actually. 

Right, far from South Padre. I will say almost all my STR visitors to South Padre are from Austin, and if I were to care or dig deeper I bet a lot are cali transplants.

Go South Padre!

Quote from @Eric James:

Quote from @Bruce Lynn:

@Neil Narayan   it will be interesting to see how many space engineers and rocket scientist will move from Hawthorn to Boca Chica which is nowhere near Austin.  Probably 7hr drive.  Maybe Elon will build a Chunnel from Austin to the launch site.

 They are running a hovercraft between SpaceEx at Boca Chica across the bay to S. Padre Island. Maybe new employees will live in the island 

I would love to live in S Padre, maybe i should apply to SpaceX ;)

We have multiple MHP's and RV Parks in the South east. Sure everyone wants to make money but it can feel a bit empty when not giving back into something larger then yourself.

One of the major things you guys are missing is the ability to give, and then get back. Create a community where people are proud of where they live, have a sense of community with friendships and make alot of money at the same time.

We started with a couple parks that had majority POH's. Then after stabilization after upgrades we began to sell (usually in the form similar but different than a RTO) the homes off to tenants. The parks are now take a couple hours a week for management and people in the park are always willing to help out.