2 Mobile home parks under contract

[Ryan Wanner]

Hey guys. Currently we have 2 mobile home parks under contract. I'm looking for an equity partnership to help complete the purchases or worst case scenario I'm looking to assign one of the contracts. Here are the details of the parks:

Park 1:

MSA: Hutchinson, MN

27 Lots
27 Occupied
15POH
200 Lot Rent (way under market)
City water/sewer - Park Pays

Purchase Price is $400,000

We are in the process of receiving an extension in the due diligence for this park.

Park 2:

MSA: South Bend, IN

28 Lots
24 Occupied
300 Lot Rent
City water/sewer - Park Pays

Purchase Price is $400,000
We are still waiting on diligence docs so the 35 day due diligence period has not started yet.

Please get in touch with me if interested in either or both of these properties.

[John Arendsen]

Contact @Ken Rishel on the BP MH platform. https://www.biggerpockets.com/users/RishelGroup