@Michael Pansolini are you linking recordings of webinars anywhere? I'm frequently not able to attend so recordings would be 👌

During my time in Lubbock, I had the opportunity to build some great relationships and connect with a few amazing people . One of those connections is a lender who’s involved in a different mobile home park—the same park that a seller I previously worked with is now trying to offload. That seller still technically owns the park, but he plans to step back from the deal to avoid future legal complications. The lender is in a tough spot. His team is facing a $1.2 million loss on the property, so he's open to almost any deal structure to avoid taking that hit. As it stands, the park is worth about $300,000 and requires significant infill and infrastructure upgrades. It's an old 1960s-style park with outdated clay sewer lines and ¾-inch galvanized steel water lines. Some water lines are already leaking, and the sewer system will likely need to be fully replaced within the next 3–5 years. As part of the agreement with the lender, the seller must move 20 homes into the park. He’s in a position to do this, as he recently sold another park and is relocating 15 tenant-occupied homes and another 5 homes that need renovation. This move-in process is expected to be completed within the next three months. Currently, the lot rent is $300 per unit, and the expense ratio is around 30%, which is fairly reasonable. Once the 15 occupied homes are brought in, the park’s value could increase by about $450,000 overnight, assuming a 9% cap rate. So there’s definite upside potential. That said, it’s still a heavy infill project with infrastructure challenges—and for that reason, I feel it may be too risky for a first-time park acquisition. Would love to hear your thoughts or suggestions on how you would approach this.

You should really consider trading your Netflix subscription for a GPT subscription.

Hey Everyone - I joined this community back in November and have been getting through the course. I run an Ai consulting business outside of investing in real estate (raw land, land and home packages and now MHPs) so I started leverage Claude Code to help find deals in my target markets. Is anyone else experimenting with it? With a couple apis from Google Maps you can really narrow down your list.

I am working towards refinancing several of my parks with agency financing hopefully by the end of this year or early next year. I want to ensure I'm setting myself up for a smooth experience. For those who have financed with agency, what are some things you wish you would have known before going that route? I understand my books needs to be very clean and well kept as well as the physical property. What about others things? - Will they audit all of my leases to make sure I have one signed for each lot? - How much time should I let pass after doing a rent increase before starting the process to ensure the appraisers value the additional revenue? - How to agency lenders look at POHs? Will they need to see copies of all POH titles?