Please ensure you register early to get the lowest pricing. It is insanely cheap compared to any other conference and it is for operators or community managers. This is honestly our favorite event! We will be hosting an event at SECO as we usually do, so please try to attend!

I was seeing if there was a way that you could purchase MHP's with a lower initial cash out of pocket, and THERE IS A WAY YOU CAN DO IT. Generally, lenders will not fund the purchase with DSCR, but they will fund a refinance. So if the property truly is at a discount and the cashflow supports it, you can get TRANSACTIONAL FUNDING to cover closing, and a DSCR loan just after it's already in your name. The portfolio I am looking at should support this, so this will be my intention to purchase these parks for $1.2 million, and after everything is said and done, it will likely be about $140,000 out of pocket for me. LET'S GO!!!

Who here has experience getting DSCR financing where they finance the majority, if not all of the purchase, if the property is at a steep discount and cashflows well? Is that something you have seen happen? I have a deal I want to buy that is perfect for it.

Hi everyone, I have a deal where the numbers make sense, but I can't set it up as a wholesale deal, so I need to find someone to partner with on this one. The seller wants to sell both in one fell swoop, so I need an experienced operator to help orchestrate this deal. Please reach out, and I can give you addresses and we can see how we can work together on these. Park #1: Ada, Ohio Asking Price: $600,000 Pads: 17 (100% occupied) Rent: $450 / pad Utilities: Well + wastewater treatment plant ($1,000/mo, compliant, maintenance records available) Tenants pay: Water (individually billed), electric & gas Roads: Gravel Ownership: Mostly TOH (1 POH) Income 17 × $450 × 12 = $91,800 / year Operating Expenses (Actual / Conservative) Wastewater treatment: $12,000 Well maintenance: $2,500 Management (10%): $9,180 Property taxes: $1,760 Insurance: $1,500 Roads / gravel / snow: $2,500 Repairs / reserves: $3,000 Total OpEx: ~$32,440 / year NOI $91,800 − $32,440 = 👉 ~$59,360 NOI As-Is Cap Rate @ $600K: ~9.9% Bank Financing (Conservative) Assumptions: 65% LTV 6.75% interest 25-year amortization Loan Amount: ~$390,000 Annual Debt Service: ~$32,500 Cash Flow NOI: ~$59,360 Debt Service: ~$32,500 👉 Cash Flow: ~$26,800 / year 👉 ~$2,230 / month DSCR: ~1.83 (very strong) Cash-on-Cash: ~12%+ Cash Required to Close Down payment (35%): ~$210,000 Closing costs: ~$12,000 👉 Total Cash In: ~$222,000 Park #2: Wapakoneta, OH Price: $1,400,000 • Pads: 36 total | Occupied: 30 | Vacant: 6 • Utilities: Private well + wastewater (fully compliant, documented O&M at $1,000/mo) • Roads: Gravel • Management: Tenant handles mowing/plowing/roads in exchange for use of barn Current Rent Roll (30 homes): 5 @ $500 | 5 @ $450 | 20 @ $400 Current Gross: $153,000 / yr Actual Operating Expenses: • Wastewater: $12,000 • Well: $3,000 • Management (10%): $15,300 • Taxes: $5,000 • Insurance: $6,000 • Misc / repairs: $2,000 Total OpEx: ~$43,300 As-Is NOI: ~$109,700 (≈7.8% cap) Day-One Financing Assumption:

Mobile Home Park – North Charleston, SC 11 Pads | 100% POH | Seller Financing | Grandfathered Zoning Location: North CharlestonSupply-constrained infill submarket with effectively no new mobile home development. Existing MH zoning is grandfathered and irreplaceable. Property Overview - 11 total pads (10 occupied, 1 vacant – easy infill) - 100% park-owned homes (POH)Some/all titles missing – priced accordingly - Average rent: ~$1,000 per home - Stabilized gross: ~$132,000/year - Utilities: City water & sewer (submetered, tenant-paid)Tenants also pay electric & gas - Operations: Simple, clean, low expense park Expenses & NOI - Annual OpEx: ~$40k–$45k (≈30–34% ratio) - Stabilized NOI: ~$87k–$92k This is a capital-structure deal, not an operational headache. Deal Structure (In-Place) - Purchase Price: $1,050,000 - Down Payment: $150,000 - Seller Note: $900,000 - Rate: 6.50% fixed - Amortization: 25 years - Monthly Payment: ~$6,070 - Balloon: 3 years - No prepayment penalty Seller financing eliminates lender friction around POH titles and DSCR and allows buyer to control the asset with limited equity. Investment Thesis (Why This Works) - Infill + grandfathered MH zoning = non-replicable asset - $1,000 rents are still below nearby apartment alternatives - Small rent drift ($100–$150) materially improves DSCR and refi math - Seller paper buys time for rent growth and title clean-up (partial or full) - Multiple realistic exits:partial refi + extension, portfolio lender, or sale This is a time-arbitrage and control deal, not a yield chase. Please leave a comment if you'd like to hear more details.