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Mobile Home Park Mastermind

762 members • Free

2 contributions to Mobile Home Park Mastermind
Purchase
How would you value a MHP with 12 TOH and 18 vacant spaces? CAP rate for just the 12? Would you give anything for the vacant spaces?
1 like • 6d
What about a park in a flood zone? But no instances of flooding in 50+ years
1 like • 2d
Did you have trouble obtaining financing? Thanks Tracy
The right time to buy is now
I started my mhp journey in college 25 years ago. I made my plans, read books, went to seminars and bought bootcamp courses. Instead of buying, I built a business that made me lots of money but was a distraction from my goal. I helped a family member get into parks before I purchased one. The catalyst I needed was Ryan's mentorship program which is the foundation of this group and has been expanded by Michael into something far greater. My first park closed basically Jan 1 2022. I started with a 575k purchase which at the time I thought was a big deal. As of now I have purchased 21 parks in a little over 3 years. I'm closing in on 1000 active pads, 250 approved expansion pads and as of this moment I own 42m in income producing real estate. I make more money in 2 weeks (180k) than I used to make in a year. I'm an average to below average person in every area but 2. My work ethic and my ability to analyze risk to make quick decisions. You, more than likely, are better at me in almost every area of your life. So if you want to be in this game, make the move and buy. Rents go up, tenants rarely leave, shit breaks but not very often, money comes in fairly easily. Use this groups formula as your base and you WILL succeed. Take a step off the cliff...but know this, there is no cliff.
2 likes • 23d
WOW! Thank you for sharing Caleb!
1-2 of 2
Ron Shelburne
2
13points to level up
@ron-shelburne-5333
Have been an insurance professional for 33+ years. Family man who recently acquired my first MHP. Looking to continue to grow in this industry.

Active 4h ago
Joined Feb 2, 2026
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