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Updated 5 days ago on . Most recent reply

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Diandre Pierce
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22
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Mobile home park opportunity

Diandre Pierce
Posted

I have an uncle that has owned 6 trailer parks (over 100 trailers) for 16 years. Average profit on a trailer park is between 10-15 percent . My uncle has done 84 percent for the last 14 consecutive years (these numbers can be proven  and have been well documented) . I knew this 4 years ago and decided to build my real estate portfolio to get enough know how to finally get involved. My uncle has agreed to allow me to use his system, employees and resources to build my own trailer park empire. I just need to figure out how to purchase it. He even agreed to selling me one of his since it’s already performing and ready to go. I need help financing this deal. For the last 4 years I have purchased 7 rental homes that are all renting but similarly to monopoly it’s time to scale. I need a lender. I will leverage every asset in my name to make this happen. I just need help on finding a path to get my hands on the capital 

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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
Replied
Quote from @Diandre Pierce:

I have an uncle that has owned 6 trailer parks (over 100 trailers) for 16 years. Average profit on a trailer park is between 10-15 percent . My uncle has done 84 percent for the last 14 consecutive years (these numbers can be proven  and have been well documented) . I knew this 4 years ago and decided to build my real estate portfolio to get enough know how to finally get involved. My uncle has agreed to allow me to use his system, employees and resources to build my own trailer park empire. I just need to figure out how to purchase it. He even agreed to selling me one of his since it’s already performing and ready to go. I need help financing this deal. For the last 4 years I have purchased 7 rental homes that are all renting but similarly to monopoly it’s time to scale. I need a lender. I will leverage every asset in my name to make this happen. I just need help on finding a path to get my hands on the capital 

 I highly recommend going and taking @Frank Rolfe's MHP bootcamp but also talk to local banks

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The Moorhead Team
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