MHP in Virginia

[Ryan Carter]

Investment Info:

Mobile home commercial investment investment in Marmaduke.

Purchase price: $490,000
Cash invested: $200,000

Picked up this MHP offmarket back in 2023. Got the lead from the cold calling agency I use. Seller owned it for over 25 yrs had to follow up for like 4 months. Finally closed it at a 12+ cap on in-place. Stabilized it to high teens. Holding onto it for cash flow for now.

[Ryan Carter]

Quote from @Robin Simon:

Nice, congrats! Amazing what can come of just grinding volume with cold calling

 Volume + consistency + follow-up = DEALS.

Simple really.