@Michael Pansolini that’s a pretty awesome requirement/ team.

@Caleb Hogan 🙌

I think it’s definitely worth a shot. I do still think just being in contact with the owners consistently will eventually get you one owner saying hey wanna buy the whole park. Health is wealth!

@Kyle Grimm I just had to check it out as it shakes up the stock market and everything. I don't hear chatgpt doing that, and Michael uses strictly Claude I believe. So far this free version of Claude compared to my pair version of chargpt is doing pretty good. I asked the same prompts to my chatgpt and it makes me paste it into a document, while the free Claude version literally shows me a formated version of my document ON THE FREE VERSION LOL. So far I'm happy with its extra effort lol

Ah, figured it out. Still 30 days minimum notice for rent increases, the Bill proposed to make it 60 days is still pending.

@Alex Bordei Likely raise to $500 this year, then $50 $50$50 something like that. The market has parks at $900 lot rents but this ones smaller, not paved. But will slowly keep increasing as we upgrade the park, get new tenants if needed. Could turn this park all POH and get 1500 per mh lol. Main plan raise rents, clean up the park, rent the POH for now and maybe sell them off if in bad condition/ tenants currently in there move after rent increase. So assuming $500 lot rent for the three TOH $1,500 plus raising the two POHs to atleast $1,100 each=$3,700 for current park situation. or $3,100 if I decide to sell the one POH that is currently renting for $400 a month. The One empty lot and One abandoned home lot. Could be two POHs at $1,500 a month each or two Lot rents at $700 lot rent if i bring in brand new and sell off. Main thing park has good utilities, good price, stellar debt structure. Seller carried because they are selling 200 lots to someone else(like 10 small parks), I assume not carrying so gonna have a huge tax bill. This way they seller carry to me, they like me as I remind them of themselves. Husband is 13 years older then wife so wants her to have steady income coming in as he will likely pass before her. Price would have been a little high for a bank but would definitely have been close for financing.

@Michael Pansolini Thank you! Helps having a group to learn from and see hustling towards the same goals. Different then your typical group around ones self.

@Kari Pesch 15k a month=$1,250 per POH assuming POHs. Unless this is some high lot rent park in a crazy market. 15K*12=$180k gross *60% expenses due to POH park give or take=$108k /8 Cap=1,350,000 Net but a-lot more management with POHS and how far you live. Gotta get this deal on the deal analysis call.

@Matt Fonk Man 25% down pretty solid. But yea depends on what the seller wants/needs. Ive bought two smaller sized parks both seller financed. As both sellers didnt need the money right away, nor wanted it right away as tax reasons. The one with 167k income, but only netting 20k or 11% of income is insane. If you had 167k income and used a 20% expense ratio and a 8% cap rate. It should be worth around 1.6 if not more depending on the area. But 14 unit is smaller but someone like Ryan or his Partner Derek Vickers who both own in FL. Could be worth them scooping it up from you as you fix it up. Be great you get the seller their price seller financed, maybe show them what a bank would value you it at, if that helps. Gotta find out what a pad trades at for that market and what the average lot rents are. As the lot rents will help give you a bank evaluation to refinance out of seller financing down the road.