Three Common Ways to bring in capital to buy a Mobile Home Park

[Logan M.]

Since 2018, I have purchased eight communities and this is how I did it. One important piece to understand is that investing breaks down into Time, Money, and Skills.

First purchase: 50/50 partnership.

Second: 0% Down Seller Financing.

Third: 15k down seller financing.

Fourth: 50/50 partnership my partner brought all of the capital and I manage the community.

Fifth: 0% down seller financing utilizing cross-collateralization of another property (A SFH that I owned outright)

Sixth: 0% down seller financing utilizing cross-collateralization of another property (A SFH that he was okay with being in second position on)

Seven: Seller Financing 300k down (I bought this in my fund and raised capital through that vehicle), 0% interest loan for 3.5 years.

Eight: Seller Financing 53k down (I bought this in my fund and raised capital through that vehicle), 4% interest loan for 6.5 years.

The biggest takeaway I want a reader to get is that there are a lot of different ways to make a deal work. 

Learn how to operate multifamily effectively and people will give you money to find the deal and deliver cashflow.