All Forum Posts by: Rina Amir

Chris Reeves nice to chat again :-) while I think you are wise to think about motives Frank doesn't strike me as so self focused. Some of your reasons are probably right, I still think he is an honest person trying to do some good. He says there are 44k parks in the US right? He owns only 170 of them. Less than 1%? Or did I get anything wrong? While he might have used techniques to put people at ease its not necessarily bad, might just be intuitive and not mentioning media I don't see it as necessary evil, why create panic? Media often don't show up and we had a full choice of not appear or interview. So there's no harm and no pushing you to the wall. You had many points and it's great that you expressed it all do you really think all these ulterior motives are true? I feel like his teachings are honest. I've talked to few people who realized this business is not for them. He is not painting everything in pink colors. What alternate motive can he have for giving free advice, deal analysis, coaching and ALL the documents needed in the business? I have looked at the reference library and am just in awe at the amount of information he gives us!

@Tiffany D. Are you kidding? It was out of this world!!!! It is worth much more. 

In 3 intense days you learn everything that's possible to learn about this business, all you need is your own experience. You get TON of information in writing, the Home Study Course and their document data base provides you with everything that you might ever need in this business. Everything is really well organized and structured. 

It was mind blowing! 

I am no expert, just a newbie but for such an old home prior to 1976 you will not have a HUD seal. I doubt it is worth more than 8k, probably even less. You might not be able to move it anywhere due to lack of HUD seal. You might want to get some quotes on fixing it before moving any further.

So Chris, what are your thoughts after the bootcamp? 

It was so intense and packed with information!!!!

Purchasing a duplex in Ft Worth area and shopping around for loan. Any recommendations? We currently have with BofTX but I hope to get better rate elsewhere.... 

how does a newbie make proper physical due diligence for a MHP if not experienced in the field? (1) How does one detect current status and differed maintenance issues? (2) (2.1) Can experts / companies be used for all of these items? (2.2) Do they produce standard reports similar to single family homes/ (3) (3.1) How many different inspectors one need to arrange to review the park properly? (3.2) What is the their different area of specialty? (4) (4.1) Is it possible to find the right people in all locations? (4.2)What is the time involved? (4.3) What are the fees? Dave and Frank list 53 items in due diligence process, items 17-28 are my big questions.

Lee own a couple of SF homes in Dallas, TX in non flood zones but due to recent weather wondering if we should purchase flood insurance. It's ~$600 a year cost. Pretty expensive...... Any thoughts/advice? The bank doesn't require it.

Great Post!!!!! Thanks a lot Ken!!!!!!

I would love to hear your actual experiences regarding the physical process of investing in MHPs. Before submitting LOI you need to visit the property. How do you handle it when investing out of state AND holding a day job? How many times do you visit the property during due diligence? I understand that once you own it you probably need to visit at least every other month or once a quarter. But how many times is it best to see the actual place while investing. Unlike single family houses Google Earth is not helpful here. We've invested in TX in single family houses without even traveling there with just our property manager reporting to us but this is way different.

I really would appreciate if anyone can share personal experience of investing in MHPs while holding on to your day job. Thanks. 

Thanks Jack. Signing up for July in WA