One of Many Mobile Home Parks acquired

[Clark Love]

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $500,000
Cash invested: $100,000

I own multiple properties in Tennessee, Mississippi, and Alabama. I don't really want to disclose all the details to Bigger Pockets., so I am just posting one deal

What made you interested in investing in this type of deal?

I like the cash on cash returns. Property appreciation can be an illusion.

How did you find this deal and how did you negotiate it?

Personal network.

How did you finance this deal?

Bank Financing

How did you add value to the deal?

filled vacancy, made improvements, in the process of expanding the mobile home park.

What was the outcome?

Will hold forever.

Lessons learned? Challenges?

Sewage Lagoons can be challenging.