I'm helping a friend sell his park in Kingsland, TX. This is two parcels, but he's selling as one "park." This is a fully stabilized asset. $6,000,000 with a $3,000,000 seller finance option (6% with 5 year prepayment penalty) 18 Covered RV Sites @ $650 / month 46 Mobile Home Pads (fully occupied) - 23 POH, 23 TOH (all 2000's) $556,000 income $120,000 expenses (estimated) Monthly Expenses 900 electric (but most is billed back to tenants) 3,000 water (city) 800 sewer (city) 1,200 landscaping for two parks 1,000 property taxes tbd trash 450 internet, cable, phone 2,900 insurance 2,400 maintenance Please reach out if interested and I'm happy to provide more details.

Hi friends! We're looking for one more JV partner to round out the team on a beautiful 42 pad mobile home park in Wisconsin! 15 TOH, 15 POH and 12 vacant lots set up with infrastructure. I've been on site twice and am currently performing due diligence. Send me a message or text / call for details at 936-444-7853 if interested!

Has anyone completely demoed a park in phases? I had a deal brought to me in Texas in an awesome area. I’ve seen some rough parks, but this is a complete junkyard. 11 occupied POHs and 24 vacant homes. This park is in a growing area and down the street from 5 mobile home dealers (2 of which I personally know and used to work with.) My thought would be to slowly demo the homes, restructure the pads and work with the dealers to fill the pads. I’m just not sure how I would get a loan on this property? Any thoughts here?

I think I’m close to tying up my first syndication deal. It’s a light value add, a few homes to sell and vacancies to fill. But mainly it’s just increasing under market rents. It’s an asset in a great area that I’ll want to keep forever, and would like a decent chunk of equity for myself of course. But I’m a little light on cash until I can refi my other park. My likely investors are accredited friends and family. This is a relatively “safe” deal, but I’m also not a seasoned syndicator/operator. So what’s a good syndication structure to get investors interesting but fair returns, while also keeping a nice piece of the pie for me? I care more about equity ownership than cash flow at this point. So my inclination would be to go light on fees, if any, but bump up the equity split to a 40/60 GP/LP. Perhaps with a higher pref? What say you?

Does anyone rent by the room in their mobile homes?