Do you think there will still be an opportunity for individual new investors to purchase mobile home parks in 10 years?

Hi everyone, I owe you an introduction as I am a new member. 🎉 I received the invitation and accepted without question. I have been a member of the Mobile Home Park Mastermind since February 5, 2021. I have appreciated being in that group and being able to write my operational articles so that I could help others. I really wanted to contribute to the group as a member of that group, but I also wanted to contribute to my industry in a way that hopefully helped someone who read them. I’ve spent the last 12 years working in MHP operations - designing, establishing, implementing, monitoring, managing. I have also rescued operational structures across 14 U.S. states. Looking forward to getting to know you.

If a MHP deal produced 15% cash on cash, would you want to operate it? Or would you opt for more conventional opportunities (Stock market, CDs, Precious Metals)? Where is the cut off where a COC return makes a deal desirable enough to move forward?

HI everyone. My name is Gary Baldwin, and I just joined the group today! I live in the St. Louis area, and I am excited to join this group. I have been investing in real estate for almost two years. I started out in single family and shifted to multi-family, where I currently own 28 doors as a buy and hold strategy. I have been investigating the MHP space for several months and I am looking forward to learning from everyone in this group, connecting and contributing as well. I plan to purchase my first MHP in the next few months and I am currently talking to a seller that owns a 59 pad park that he is considering selling soon. Can't wait to dig in and learn and grow my portfolio!

When taking over a park what are nice ways to get the existing tenants excited about new management?