Bought my Second Park!! · The MHP Pros Mastermind

Connor Cogdill

6d (edited) • Wins, Fun, & Testimonials!

Bought my Second Park!!

$325k PP

5% Down, 20-year Loan

5% Interest

Total Rental Income Current:$2,550 a month

$2,039 Payment to Seller every 17th of the month.

7 Pads

3 TOH=$400 per pad

2 POH=$950 rent plus $400 rent for other

1 Abandoned/Maybe tear down

1 Empty Pad

Plans are raise lot rents, clean up park, infill new home, replace abandoned home or fix up. Potentially buy park touching it. To combine to a total of 13 pad park.

Public Utilities, Direct Billed City Metered Water to each pad!!

Negatives: Creek runs through it, no flood zone. Didn't get washed away in Helene like 5 other parks did within a 1.5 Miles of it. Part of the park has to go over the creek and little culvert and not paved.

Its below a railroad track, the back part of it has a railroad that is on a bank behind/above it. The railroad has a 45 foot right away, but it will likely never be affected.

Road to it, even though in city limits, is not paved by the town. Nor is the road in the park.

See the park Instagram-Connorinparks

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