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…

Hey everyone, I wanted to share something I’ve found very helpful this week. If you download the Claude AI app and sign up for the $20 per month plan, you get access to Anthropic’s Opus 4.7 version. Once you select Opus 4.7, you go into the “projects” tab and start a new project named after the park you’re working on. Projects allow you to upload a massive number of documents, more than you are able to put in a chat. You will have a separate subset of chats within the project and they will all remember everything from the documents you uploaded. Today I put a contract as well as 48 due diligence documents into this tool. Below is the prompt that I used. I am very impressed with the results. The tool is very thorough and caught a number of things I wouldn’t have caught myself. It gave me a clean & organized 14 page document and pretty much nailed it. I have had better results with this than gemeni or grok. “Give me a thorough outline of everything I need to consider before closing on this park. When it comes to due diligence documents, what am I missing or what do I still need? Give me a list of green and red flags with estimated potential financial impacts next to the yellow and red flags. Draft an email to the seller containing an organized list of every question that needs to be resolved or answered and a request for any documents we don’t have yet Put this entire request into a word doc”

Hey Team! There was a small bug in the 5-Minute Deal Eval. With the TOH Expense Ratio not properly calculating expenses. It was pulling from the Total Rent (POH) Revenue regardless of what you input. Therefore the headline is if you used this in the last week or two: Your expenses may have been slightly overstated in the Stabilized TOH section BUT your Stabilized Total Rent Section would be correct! Watch this video to see what the issue was in case yours was affected - just double check! https://screen.studio/share/LAIqOZD3?state=uploading If you used the below version, please do the following: 1. Re-enter your assumptions in a fresh version or 2. Send me your intial version so I can see if your model was affected Building things is an interative process!

What day would you guys want it to be on? Also, in the comments give me any runner-up days and times that work for you! (Follow @Ryan O'Callaghan 's Lead)

Seeking feedback/suggestions on a counter offer. Original ask price $335k: original offer was $320k and seller pays for and completes main water relocation OR $300k and buyers fix the main water meter. Sellers have countered at $310k and buyers pay for main water meter relocation. Wanting to counter with $310k contingent on a buyer obtaining a quote detailing that the water relocation does not exceed $20k in repairs (as is estimated by the current owner). If quote exceeds $20k, seller will provide credits OR price reduction. What are some other creative ways to counter here, knowing that the water meter relocation will be a pricey headache to inherit?