Activity
Mon
Wed
Fri
Sun
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
What is this?
Less
More
Mobile Home Park Mastermind

822 members • Free

The MHP Pros Mastermind

363 members • $2/month

116 contributions to The MHP Pros Mastermind
Can bonus depreciation offset gains from mobile home sales?
If I’m selling mobile homes for a profit, can I do a cost seg and then claim bonus depreciation to offset that additional income? @Thomas Castelli
1 like • 15d
@Nathan Sosa no I’m not selling or buying a park. I bought one park in PA last year, and I still own it. It’s my only park. I’m infilling and selling mobile homes in my mobile home park for a profit. I’m also buying and flipping mobile homes elsewhere in PA at a profit. These homes are not in my park, but I’m buying and selling them through the same LLC that owns my park. I will make a lot of money just on mobile home sales this year. I’m wondering if i can cost seg and bonus depreciate my park to offset the income I’m getting from selling mobile homes.
1 like • 11d
@Nathan Sosa my W2 is a 35hr/week job. I have been so busy with projects at my park this year such as capital improvements and infill, along with this new project of flipping homes, it does feel like I spend more time doing real estate stuff than working my full-time job. But I seriously doubt I actually spend more than 35 hours per week on real estate. And anyway I don’t keep a time log.
CLOSED!!
I finally did it. I closed on my first mobile home park in Nebraska. Multiple offers sent, in and out of contract on several deals, two extended closing dates… and I finally did it. Wild journey… lots of failures along the way that I’ll share more about… but I did it. And raised 100% of the capital needed. I couldn’t be more proud. Huge thanks to @Ryan Narus and @Michael Pansolini for their mentorship program, community, and most of all their friendship. Park #2 is not too far away…
CLOSED!!
1 like • May 22
Awesome, congrats! Well deserved
Site planning for infill
How are people measuring/diagramming/marking out sites for infill? In my state (PA) we have to drill and pour concrete footers. So for my permits (and for my excavation guys) I have to diagram exactly where the home will go in my lot and then identify exactly where the footers need to be poured in order to fit the home properly and comply with footer spacing requirements, etc. Granted I’m a beginner, but this has turned out to be unexpectedly time consuming, and I can’t imagine people doing lots of infill are going through this process for every single lot. Or are they? @Kyle Grimm you always seem to be moving homes in, what say you?
1 like • May 14
[attachment]
1 like • May 14
You can see that’s pretty much unintelligible. So that’s why I have trust issues. I got pretty much all the measurements I need now for the vacant lots I have. I’ll be able to do permit drawings myself and I think I can just send the approved drawings to my excavation guy and he will handle it, even if I don’t go and mark the exact locations of the footers for him. But it’s still a roll of the dice that he gets it right. And if I buy more parks with infill in the future it would be nice to know if there’s an easier system than doing all this myself. I guess finding someone competent to go out and take accurate measurements is the best way? Which is why I asked if anyone is using a surveyor to do their site planning for infill.
Champion?
How do we feel about Champion Homes? There’s a manufacturing facility in Indiana close to me. I don’t care for them but wanted to get everyone else’s opinions.
1 like • May 13
I just had a brand new Champion home installed in my park and it seems pretty nice, at a decent price point. Not sure about durability or anything because this is my first one. But I’d live in it!
Complainers!
Why is it that tenants complain about a problem, and then complain about the way you choose to fix the problem? Many of my tenants complained the park is too dark, so now I’m spending thousands to put in street lights. And now I’m getting bombarded with complaints about where the street lights are located! Can’t win. 😞 Sheds light on why some landlords don’t even try.
1-10 of 116
Eric Caravella
6
1,230 points to level up
@eric-caravella-7649
Government employee aspiring to transition into real-estate full time.

Active 4d ago
Joined Mar 24, 2025
Powered by