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All Forum Posts by: John Arendsen

John Arendsen has started 41 posts and replied 662 times.

Post: Investing in Marijuana dispensary properties and related biz's?

John ArendsenPosted
  • Developer
  • LEUCADIA & VISTA, CA
  • Posts 722
  • Votes 340

Let's hope Cali can jump through a lot of the local county and city zoning and regs nonsense. But that would be nice. We're positioned to build greenhouses there as soon as they get their act together.

Post: Investing in Marijuana dispensary properties and related biz's?

John ArendsenPosted
  • Developer
  • LEUCADIA & VISTA, CA
  • Posts 722
  • Votes 340

I appreciate your sincere concerns and contribution @KC Zhang and @Jessica Zolotorofe, however, at this time all I've done is purchase stock in a publicly traded indirect subsidiary from a company that builds greenhouses in Colorado for myriad agricultural endeavors one of which is MJ. 

That stated, however, should I endeavor to venture into other aspects of the industry in California I will definitely follow your friendly advice and reach out to your contacts for advice and direction. My interest would most likely be limited to real estate acquisitions and/or investment opportunities.

Post: Selling a MH, Park Owner denies Buyer

John ArendsenPosted
  • Developer
  • LEUCADIA & VISTA, CA
  • Posts 722
  • Votes 340

HI @Ken Rishel I must apologize to you for the mis spell on your name. However, it's the, BP @ + your name prompt, that keeps auto correcting your name to Rishes. I just tried it several times and it kept auto correcting until I wrote the entire message and then went back and used the @+ prompt. 

Believe me I know your name very well as I've been following and reading your commentary and opinions for years on several of the platforms you post on and have a great deal of respect for your experience, knowledge and obvious success. There's a lot of yahoos in this industry that should be turned out to pasture but you're definitely not one of them.

Ken Rishel Professional from Springfield, Illinois

Post: Need advice on a MH in Torrance CA

John ArendsenPosted
  • Developer
  • LEUCADIA & VISTA, CA
  • Posts 722
  • Votes 340

Sub leasing in most rent/lease and resident owned MH communities can be challenging. Be sure to contact the owner/manager if it's a rent/lease park community or the HOA if it's resident owned. Plus it sounds like it might be a single wide. They are not the best MH investment you can make no matter where they are located. Finally if the home was built before June 15, 1976 I wouldn't touch it for a lot of reasons that I won't go into on this open forum.

Post: Investing in Marijuana dispensary properties and related biz's?

John ArendsenPosted
  • Developer
  • LEUCADIA & VISTA, CA
  • Posts 722
  • Votes 340

@Patrick K.In my position as a stockholder of a publicly traded company and in view of the recent election legalizing MJ in 7 more stated I'm not feeling to concerned or threatened by the DEA or local law enforcement inasmuch as I merely hold stock which places me far away from the mainstream of the industry.

Law enforcement would have to peel back layers starting with the SEC to even get near me. I'm a very little fly on a big big wall. If they want to claim a few thousand shares of stock from me for investing in agri greenhouses I guess I'll just have to address that situation if and when it occurs.

Post: Selling a MH, Park Owner denies Buyer

John ArendsenPosted
  • Developer
  • LEUCADIA & VISTA, CA
  • Posts 722
  • Votes 340

Not to be argumentative @Ken Rishel but I've been licensed in Oregon, Arizona and Florida as well as California as a general & manufactured home (installer) and have done thousands of homes Nationwide since '86. With few exceptions I rarely ever see a toter and set up crew work for much less than the flat 10k to disassemble, transport, prep the new site, and reset any multi-section MH.

Especially with so many new site prep and set up requirements i.e. tie down systems, (TDS), earthquake resistant bracing systems, (ERBS), permanent foundation systems (PFS), etc along with proper site prep protocol, pedestal and/or infrastructure upgrades etc. 

My crews had to reset literally thousands of MH's in Florida after Charley and his buddies ravaged a good part of that state in '04 and then again in '06 after Katrina ripped through New Orleans. Our average cost just to reset an existing home was a minimum of $5k and that wasn't an arbitrary figure made up out of blue sky by my associates and me.

That's what FEMA appropriated for these costs of repairs and even at that it was often difficult to pick homes up off the ground that had pancaked, reset them with the newly required tiedown and myriad anchoring mechanisms and then reset the home/s to the new flood plain height requirements and new infrastructure. In many if not most instances we usually ended up having to go back to FEMA with justifiable adds and beg for more money.

Now perhaps things are different in the deep south and various other states that I've had no direct experience in but I rather doubt that inasmuch as we worked with title and insurance companies not to mention several lat firms Nationwide for a couple of decades on curative title issues which ended up dealing with some understructure and mainframe retrofitting costs which we subed out to licensed contractors.

Not painting the entire industry with a broad brush just giving you my own first hand experiences.

Post: Selling a MH, Park Owner denies Buyer

John ArendsenPosted
  • Developer
  • LEUCADIA & VISTA, CA
  • Posts 722
  • Votes 340

If the home is more than 10 years old many if not most MH rent/lease and resident owned communities won't allow it. In fact most MHC's going through gentrification want brand new homes. I've relocated many homes and it's not an easy breezy procedure and usually ends up costing a lot more than it's worth.

Post: Selling a MH, Park Owner denies Buyer

John ArendsenPosted
  • Developer
  • LEUCADIA & VISTA, CA
  • Posts 722
  • Votes 340

I wouldn't go so far as to say the park owner makes all the rules @Account Closed. There is that thing called The Fair Housing Act and discrimination. If the buyer meets those qualifications I'd keep moving the ball down the field. 

He has to give you a written reason as to why he's not accepting your buyer if all those terms have been presented. He just can't arbitrarily reject your ability to transact a sale and inhibit you for no reason. 

As for moving the home? Don't even go there. A single wide will cost you  a minimum of 5k and a double wide twice that amount. Stick up for your rights. You don't need to hire an attorney. If you had enough sense to ask this Q then you can probe this a little further on your own.

Post: Is a M/H worth moving?

John ArendsenPosted
  • Developer
  • LEUCADIA & VISTA, CA
  • Posts 722
  • Votes 340

I can't tell you how many times I've had folks ask me to make them an offer to purchase and remove their old MH only to find that it will end up costing them about 5k per section if they plan to relocate it or about $2500 to make it go away. 

I might suggest that you find an Indian reservation who would be willing to take it away for free. Or perhaps you could find someone in the agri biz that needs housing for their employees.

Ever thought about moving the MH onto one of the lots once they've been sub divided or split? Just a thought. 

Post: About to lose my RV/Camper Need to Place it somewhere to rent out

John ArendsenPosted
  • Developer
  • LEUCADIA & VISTA, CA
  • Posts 722
  • Votes 340

Most SoCal zoning and regulatory agencies won't allow an RV to be used as an ADU so that stops a lot of folks dead in their tracks. There are certain locations where there are no CC&R's so it is OK in those instances to store your RV. However, if a code enforcement official were to see it hooked up to any utilities you'd be prime for a citation and demand to cease and desist. BTW, the first person to rat you out on trying to get away with that one would probably be your neighbor.

I'm inclined to agree with @Thomas S. on this one. Too many other biz & investment opps out there to go sideways on this one. I get paid to remove old mobile homes from parks when the owners realize that no one wants them and there is no value to them other than a few bucks for the steel chasis and the aluminum siding.