All Forum Posts by: Mark Vejnar

Nice to meet you @Siye Baker . I know what you mean about MH parks. People look at me like I just Bear-Grylls ate an armadillo when I mention my interest in MH parks. Thank for your post!

@Chad Carson . Thanks for the recommendations. Do you attend Upstate CREIA - would love to meet and have a discussion sometime. I've gone to a few open houses and looked at units in some of the smaller multi-family developments, but haven't made that a priority - I will now that you mention it; thanks for the suggestion. I have many questions regarding demand for these types of units. I see dozens of listings for multi-units where the bulk of the units are 1br/1ba. Do you have any recommendations for researching that market to determine demand in this area?

Wow @Steve Salvatore that's interesting how that deal worked out - that it took so long. It's great you made a good profit on it, also.

I'm also interested in multi-family. It seems less volatile than single family - thus more viable for buy and hold. Is this the basis for your interest? Welcome to the forums.

Thanks @Mark Gustafson I will do just that! Much appreciated!

@Rick Baggenstoss Thank you. Time is at a premium with little ones but the motivation is sure there. Thank you for your reply!

@John Vashon Thank you for the reply. I'm an analyst so the thought of all the things that can go wrong plague me :-) Thanks for the encouragement.

@Drew Farnese You make a great point. I'm brand new at this and it's a starting goal. It will probably be adjusted along the way. The reason I would like 1500 units is that I don't want to manage property as landlord - and more units would force me to build structure into my business. I'm really looking to build out a large portfolio and mitigate risk using volume. That said, I don't have any units at present so I'll take what I can get :-) Thanks for your thoughtful reply.

Hello.

My family invested in mobile homes for years but cashed out in 2004/5. It was quite lucrative. I'm also interested in this niche. We should meet up sometime.

Welcome

Hi I'm Mark.

I'm a former real estate appraiser, full time stay-at-home dad while my wife completes a grueling post-graduate training program in Greenville, SC. I consider myself a green, wet-behind-the ears, newbie. I'm here to learn and contribute to the community when/where constructive and appropriate.

My parents and grandparents owned mobile homes, and a mobile home park, when I was growing up demonstrating the importance of rental income. As a result, I like mobile home parks and the people that choose to live there.

My investment interests are multi-family (5+ units) and mobile home parks. I'm also interested in learning about private placement notes and bonds - and learning more about the topic "Syndication." More specifically, how to issue a private placement bond, thus bypassing the underwriter(?). Any insight is greatly appreciated.

My goals in real estate are to first find someone to whom I can be a benefit and then begin building a team. The second major short term goal (6 months) is to close on a multi-family property. Five year goal is 1500 units. I'm so green I feel embarrassed to share my goals beyond my rather-ambitious 5 year goal.

I'm not sure when I first joined bigger pockets; however I decided to engage and start paying attention after finding the podcast on Stitcher Radio. I first saw the site a few years ago but was busy appraising houses - thinking I knew everything while also making no money. Now with my wife in her training program, small children in the house, and nearly $500k in student loans hanging over our heads ... it seems like I should probably start paying attention :-)

I look forward to reading the forums, doing some business and, hopefully, meeting some of you in real life.