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All Forum Posts by: Muhammed Mutahr

Muhammed Mutahr has started 2 posts and replied 7 times.

Post: Long Distance Mobile Home Park

Muhammed MutahrPosted
  • Rental Property Investor
  • Detroit, MI
  • Posts 7
  • Votes 7
Originally posted by @Jeff Wallenius:

There is certainly more to learn on MHP investing than we can cover in this thread. It is a fantastic asset class but there are a lot of nuances to be aware of when jumping in. I would say that investing out of state on your first MHP is tough unless you find the very best team or partner that is on the ground. I'd be happy to share my experience here in Indiana with the 5 parks I own.

 Absolutely - first hand experience is what I am looking for. I'll shoot you a message to connect!

Post: Long Distance Mobile Home Park

Muhammed MutahrPosted
  • Rental Property Investor
  • Detroit, MI
  • Posts 7
  • Votes 7

@Eva Poon thank you for your insight. Always good to see a different perspective, even if you don't personally invest in them. With so much variability I think I am leaning towards tenant owned properties with utilities paid directly to the city. I know this probably is more of an ideal situation but something to narrow the scope down. 

@Danny Randazzo thank you for the recommendation, I will be reaching out!

Post: Long Distance Mobile Home Park

Muhammed MutahrPosted
  • Rental Property Investor
  • Detroit, MI
  • Posts 7
  • Votes 7

Thanks for the insight @Brenden Mitchum! I put in a request to join the group, looking forward to learning a lot and joining the community! I'll also try and sit in on an upcoming zoom meeting. 

Doing my due diligence now, definitely seems like a steep learning curve but is an intriguing asset class with high upside. I'm assuming you own/have owned a MHP, in your experience what makes them so different than a commercial MF? As a beginner in this asset class what are some pitfalls to try and avoid? 

I personally like the idea of a recession proof asset class, on average higher cap rates, and minimal capex. What about the downsides? 
 

Post: Long Distance Mobile Home Park

Muhammed MutahrPosted
  • Rental Property Investor
  • Detroit, MI
  • Posts 7
  • Votes 7

Hello all and Happy New Year!

Looking at potential Commercial Multi-families to invest in the next year or so and have come across a few mobile home parks that have interested me. For those of you that own/manage mobile home parks what are some things you look for in a potential deal? What are some problems that might arise from someone trying to manage from out of state?


So far I have been leaning towards tenant owned units that pay utilities directly to the city. Any other suggestions?

Thanks!

Post: Detroit Investor - new to the forums!

Muhammed MutahrPosted
  • Rental Property Investor
  • Detroit, MI
  • Posts 7
  • Votes 7

@Drew Sygit thank you Drew! Awesome suggestion. I’ll look these up for meeting times and attend some as soon as possible.

Post: Detroit Investor - new to the forums!

Muhammed MutahrPosted
  • Rental Property Investor
  • Detroit, MI
  • Posts 7
  • Votes 7

@Ralph Justiz Thank you Ralph! Honestly looking forward to the ups and downs. Did my due diligence and made a calculated jump so I’m ready to start learning and overcoming obstacles as they come.

Post: Detroit Investor - new to the forums!

Muhammed MutahrPosted
  • Rental Property Investor
  • Detroit, MI
  • Posts 7
  • Votes 7

Hey everyone!

My name is Muhammed Mutahr and I am a new RE Investor and Software Consultant. I've been a BiggerPockets member for a while now, mostly lurking and learning through the forums, podcasts, and calculators. I've recently become more intentional with my goals and tasks and have successfully had my first offer accepted at the start of the new year. Really excited to be a part of this community and hope to continue to learn and network with like minded investors!