All Forum Posts by: Trey Malone

@Jesse Martin

I know this thread is dead, but if you guys ever got something going in Clovis I’d love to know about it. Thanks.

@Amy Garza here you go Amy: 

https://www.amarilloreig.com/

@Shawn G. Thanks for the input Shawn! Also, the dog in your photo is a great looking dog.

Hey Claudius. I just found out about the Amarillo Real Estate Investors Group and signed up for the news letter on their website. I'm going to try to attend the next meet-up, although it isn't posted on the site yet. Welcome to Amarillo! Hope to see ya out there.  

@Randy Sundquist Awesome, Randy. Thanks for the tip!

@Jeff Sechrest I tend to agree - if you’re buying homes in the $2k to $6k range that are already 90%+ depreciated, your payback period on your cash outlay is probably 2 years or so and then you have cashflow until the unit has exhausted all of its value. If you’re into a house for $5k total, all it can depreciate is $5k.

I buy vehicles the same way - 90%+ depreciated.

These articles tend to sensationalize rent increases by citing percentages rather than dollars. A 10% increase in lot rent from $250 to $275 is still only $25, or 3 hours work at minimum wage (you can nearly ignore income tax because if you’re making minimum

wage you’re likely receive more in credits than you pay in taxes).

They also commonly report large percentage increases that aren’t annualized. For example, lot rent has increased 30% over the past ten years. That’s only 3% per year, otherwise known as inflation. The tenants’ income also likely increased by a similar amount, and even if not, where are the articles chastising the electric company, grocery store, barber shop, mechanic, plumber, and doctor for all raising their prices 3% per year as well?

Taxes and insurance alone in a site built home increase more than 3%, and well more than $25 each year. The people paying $300 lot rent are living about as inexpensively as is possible.

*following* I’d love to hear from anyone with experience with this program as well.

@Alan Majors

This isn’t my post, but I’d love to hear your hard learned lessons regarding operating smaller parks. Please PM me if you’re willing to share. Thanks!

@Todd Murphy

Thanks for the tip Todd. I’m exploring the parks in my area and the ones along the way when I travel - I’ve made a few cold calls but I definitely need a marketing campaign. I’ll check out Podio, on your recommendation.