4 Mobile Home Park package in Indiana - in need of turnaround partners

[James Park]

Hi all,

My wife encouraged me to post about this on BiggerPockets, so here goes...

We own a 4 park package of mobile home parks in Peru, IN.  I'm guessing most people haven't heard of Peru, IN but it's about an hour and a half north of Indianapolis.

The 4 parks total 169 units.  However, we are only about 30% occupied and the parks are in need of a turnaround.

That's where you come in!

We purchased the parks separately, and each one of them were distressed when we took them over.  We have put money, time and energy into them and long story short - we got taken advantage of by some unscrupulous managers and others.  

We live in California, and I guess it was easy to scam us, as we are a 5 hour plane ride away.

Getting to the point - we are tapped out on funds to turn the parks around. And we are looking for partners to help us get it done.

We finally have a good manager in place, who is managing all 4 parks.  His name is Brandon Brindle and he is very reputable in Peru.

The big advantage is there are at least 50 park-owned mobile homes that can be rehabbed and either sold or rented.  This would bring in a tremendous amount of cash flow and also add great value to the parks.  We have a team that can jump on this and do a great job.

So we are looking for money partners to help us get occupancy up and drive the value of these parks sky high. At that point, we can either sell them or operate them for cash flow.  Up to you.

Let me know if you have any questions, as I would be happy to answer them.

To save time, here are the names and addresses to the parks:

1) Bourne End Mobile Home Park - 3 Wycombe Dr, Peru, IN 46970

2) Sherwood Mobile Home Park - 906 Main St, Peru IN 46970

3) Hi & Dri Court - 501 W 10th St, Peru IN 46970

4) Park Avenue Court - 23 S. Park Ave, Peru, IN 46970

James