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Aleksey Chernobelskiy of GP-LP match on LinkedIn “We recently allowed LPs to search our entire database of GPs across a bunch of variables Here are the top used filters that LPs search for - pretty fascinating if you ask me.”

What should I expect to pay to add 5 additional RV lots to a park? I need to add electrical pedestals, sewer lines, and water lines. Along with affordable RVs. Currently, the park is on City water and sewer. The surface is gravel, and I would use that for the pads as well. The total linear distance is around 300 ft. I plan to use 50-amp boxes. The sewer lines would be individual versus a dump space.

During my time in Lubbock, I had the opportunity to build some great relationships and connect with a few amazing people . One of those connections is a lender who’s involved in a different mobile home park—the same park that a seller I previously worked with is now trying to offload. That seller still technically owns the park, but he plans to step back from the deal to avoid future legal complications. The lender is in a tough spot. His team is facing a $1.2 million loss on the property, so he's open to almost any deal structure to avoid taking that hit. As it stands, the park is worth about $300,000 and requires significant infill and infrastructure upgrades. It's an old 1960s-style park with outdated clay sewer lines and ¾-inch galvanized steel water lines. Some water lines are already leaking, and the sewer system will likely need to be fully replaced within the next 3–5 years. As part of the agreement with the lender, the seller must move 20 homes into the park. He’s in a position to do this, as he recently sold another park and is relocating 15 tenant-occupied homes and another 5 homes that need renovation. This move-in process is expected to be completed within the next three months. Currently, the lot rent is $300 per unit, and the expense ratio is around 30%, which is fairly reasonable. Once the 15 occupied homes are brought in, the park’s value could increase by about $450,000 overnight, assuming a 9% cap rate. So there’s definite upside potential. That said, it’s still a heavy infill project with infrastructure challenges—and for that reason, I feel it may be too risky for a first-time park acquisition. Would love to hear your thoughts or suggestions on how you would approach this.

The end of 2025 was busy, but incredibly educational. After working through the coursework and connecting with some great people, my business partner and I were introduced to a mobile home park owner who needed to sell due to broader financial challenges across his portfolio. The deal itself was complex. There were three lienholders on the property, with the third-position lienholder having the largest stake. Despite the logistical challenge of me being based in Denver and the property located in Lubbock, Texas, we met multiple times, including a few long lunches, to work through the numbers. Oftentimes, driving through the night to get there in time to meet for lunch. Initially, the deal looked solid: a $1,050,000 purchase price structured with 50% debt from a first-position lender and 50% seller financing. In reality, that “seller financing” came from the third-position lienholder, who agreed to defer payments for the first 18 months. We moved through due diligence smoothly, applying everything we had learned. However, new legal issues arose, including undisclosed liens and judgments, which ultimately caused the deal to fall through. We continued working through the challenges, speaking with multiple banks and even finding one willing to finance the deal with NO money down. Just as momentum returned, the first-position lender discovered three years of unpaid property taxes that he didn't know about. Shortly after that, he decided to foreclose. Even though we didn’t close, the experience was a win in many ways: - We gained confidence in presenting numbers and business plans to lenders. - Bankers and brokers recognized the depth of our due diligence. - We applied the coursework directly to a real opportunity. - Most importantly, it confirmed that the process works. Grateful for the lessons, the support, and the clarity this experience brought. A huge thank you to @Ryan Narus and @Michael Pansolini for building such a valuable platform, and wishing everyone a great start to the new year.