Mobile Home Park Investment Opportunity

[Joia B.]

Hi all!

I sold my investment property last week and am hoping to do a 1031 exchange. I've been looking for a while and haven't been able to find anything that makes sense within my budget, and the amount I'm preapproved for (500k) is less than the amount I sold my property for. I would ideally like to get into self storage or mobile home parks. I found a mobile home park that looks like a great opportunity here in New Hampshire with a decent amount of cash flow and value add potential for a little over 1M. I'm hoping to find someone that would be interested in investing with me on this (I'll share more info privately of course). I don't have any experience with parks but I'm ready to learn, get my hands dirty, and be the boots on the ground if you're not local.

Thanks!

[Richard Dale-Mesaros]

Another thought is to 1031 exchange your way into a limited partner position in a syndication on a large apartment complex - annual returns on your cash typically equate to 16-20% (when you combine the preferred return with a chunk on the back-end in 3-5 years as the property is resold)..... this has to be as a 'tenant-in-common' (TIC) and I know a few syndicators who offer this, also, someone who does other tax-deferred alternatives to 1031's.