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All Forum Posts by: Mike Reynolds

Mike Reynolds has started 31 posts and replied 2029 times.

Post: Converting an MHP to an RV park

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Quote from @Corbin Marcotte:
Quote from @Mike Reynolds:

That is great information. Thank you! I am not totally sure what it is now but I think it is 1" so I am presuming I am going to have to rerun the whole loop. That also makes sense because there is 2 elevations to the park and the line has decent pressure on the low end but on the upper end has very low pressure. I think In order for me to move forward I will just have to plan on running 2" minimum and maybe adding a pressure pump. This park is in a rural area on a lake and is in a prime location but there is literally like 1-2 plumbers that work the area and already told me some things that aren't congruent with the things I know from working with good plumbers in the Tulsa area. The owner ran all new pex lines a couple years ago so I don"t think they would have any blockage or anything probably just did it wrong from the get go. Looking at 2" PEX it is pretty pricy. Do you use PEX for that or is there another material you use for the main line going in? 


 The one I have now is schedule 40 but I'm about to rerun another place in PEX. 

Sounds like a pressure issue to me. 

Post: Converting an MHP to an RV park

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Quote from @Corbin Marcotte:
Quote from @Mike Reynolds:
Quote from @Sean Hayes:

Hello,

Has anybody successfully converted a MHP to an RV park. County is forcing us to shut down and I’m looking for options. 


 Will they allow you change it to an RV park? 

I've never converted one but I have build a few RV parks. It shouldn't be that hard but that depends on why they are shutting you down. If it's because of infrastructure (like septic for instance) then you may have to hire an environmental company to come and clean up. That's not cheap. If it's because of a bad element living there, they may not let you convert. Ann RV park that is not taken care of can get just as bad as a MHP that's not taken care of. 

I'll help any way I can with your questions. Let us know how it goes. 


 Hey Mike, I am currently buying an RV park that was converted from a MHP. It used to be on well water and is now hooked up to city. I believe the current owner who ran the new water lines put in to small of lines because there is insufficient water pressure. There are 38 hook ups. What size is the main water line you run to your hookups? is there a good way of figuring this? 


 This is really a licensed plumber question but I've never seen less than 1 1/4" pipe. The reason you should ask your plumber is because there could be several issues at fault. The lines could be big enough but have blockage. It could be too small. It could also be a pressure problem due to higher elevation from the source. 

I have one place that is city water but the property is 300 foot above the main line. I had to run a 2 1/2" pipe for volume but it was only 5 pounds pressure at he top. From there it goes into a potable holding tank and gravity feeds into a pressure pump. The pressure pump then feeds the property. 

What size line is there now?

Post: Removing abandoned mobiles

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164

Get a huge excavator and a dump truck. Put the metal into a separate dumpster. Rent them or hire them. 

Post: My home is on tax sale.

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Quote from @Dele Gabriel:
Quote from @Mike Reynolds:

I knew someone this happened to. He got a hard money loan. It was less than the 25 percent interest you will have to pay for redemption. Then he had time to refi the house and pay the hard money lender. Now his taxes come out of the escrow account every time he pays his mortgage. 

look for a quick course HML.


Thanks

 You may can even talk to a bank and tell them what you issue is. Maybe there is a way you can get a personal loan backed by the collateral of your house in less than 2 weeks. 

Post: From Texas to Tulsa

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Quote from @Aaron Brown:

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $201,000
Cash invested: $201,000

The purpose of this property is to cashflow. Thus, we paid cash for it. It is a DR Horton Newbuild


 The next Tulsa King? 

Sounds like a good deal. 

Post: My home is on tax sale.

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164

I knew someone this happened to. He got a hard money loan. It was less than the 25 percent interest you will have to pay for redemption. Then he had time to refi the house and pay the hard money lender. Now his taxes come out of the escrow account every time he pays his mortgage. 

look for a quick close HML.

Post: Looking to develop land for RV and Trailer Parking, what to know?

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Quote from @Nami Do:

So I own ~5 acre of land, I am looking to develop the land for RV and Trailer Parking. Land is in South Houston not too far from major airport and there are a couple residential builds near by. There is one RV park not to far from me that is fully occupied.

I want to understand what is needed to stabilize the dirt lot for parking. My hopes is to rent out the lots for parking. What should I know when going through construction. I know I would need permits and fortunately Houston does not have zoning restriction.

My question is when working with contractors what should I know. I know I would need a Stormwater Detention. I got quotes from a couple contractor and they said I need 6"-8" of gravel for parking. Is that true? I cant find many resources. Also the quote that I got the material cost is ~2x what it should cost (I called a local supplier for gravel).

Financing is not a problem for me. I want to make sure I am not taken advantage of from the construction perspective. Would anyone happen to know a good contractor that does excavation and surface stabilization. 

Thank you!


 Best way is to hire an architect and/or engineer to draw it up. The bank will probably require one anyway.

No one can really tell you what you need to do with your dirt. The are so many types of soil and so many types of stabilization. You could hire Terracon to do a sample and they could give you an idea but all engineer is the best bet. Then, make them follow the plans. 

Post: MOBILE HOME INVESTING

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Quote from @Chris Alford:

Jordan, for the time being just Mobile homes, later perhaps parks. If you are looking at the north east Texas area let mew know if I can help.


 If you know of a park in that area, I would be interested in it. 

Post: Converting an MHP to an RV park

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Quote from @Sean Hayes:

Hello,

Has anybody successfully converted a MHP to an RV park. County is forcing us to shut down and I’m looking for options. 


 Will they allow you change it to an RV park? 

I've never converted one but I have build a few RV parks. It shouldn't be that hard but that depends on why they are shutting you down. If it's because of infrastructure (like septic for instance) then you may have to hire an environmental company to come and clean up. That's not cheap. If it's because of a bad element living there, they may not let you convert. Ann RV park that is not taken care of can get just as bad as a MHP that's not taken care of. 

I'll help any way I can with your questions. Let us know how it goes. 

Post: $70 million mixed-use development planned for 13-story Smoketown

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Quote from @Rob Bergeron:

https://www.wlky.com/article/l...

I've got an airbnb project right down the street! My buddy James is in charge of the project. Louisville has a lot of cool things going on!


 Not judging one way or the other but I don't see how they can get that done for 70M.