How to buy & hold trailer parks to put a fast track on your cash flow

I am writing this article to help as many people as possible no matter at what stage they are at.t, lol.

the deals and the way we structure them can constantly teach all of us some lessons so it's a Big Win For Everyone Involved and The Whole Real Estate Community. as investors we help improve these locations by improving the homes ass we go at that in turn improves these properties resulting in better and safer communities too.

this crazy post is over 7,000 words and rambles on and on sometimes. it might take a bit to read yet so very full of valuable information.

When this page is finally organized and cleaned up it will be easier to read too. the content we are sharing is "Priceless" and very unique in nature, we live on the cutting edge of investing the right way. we love this business and are fully committed for life!

Preview Question: what are the absolute best investments a beginner or most anyone can make as a professional real estate investor?

1. Mobile Home Parks -the more pads the better -and less you pay per pad the better
2. Multi-family housing complexes -if you start with 4 that's great -more doors under the same roof the better the numbers will look
3. $7,0000 -to- $12,000 Single Family Houses -they rent for $500/month where im at all day long like hotcakes, sometimes more $$ than that per month -what is the 1st thing I ask myself when getting out of the car? can this house be rent ready within 2 weeks or a month with very little money? carpet and paint and cleanup? that's my number one rule on buying those!
4. Retirement Home Facilities -might will take a while to get up to that point, lol. those things are going to be a little more pricey than normal cause of the special services they provide to their guests.

keep in mind -we are only ever going to be interested in buying those special 1% deals in which we will talk about way more later on...

Lets Begin!

Are you hanging on tight? Gets a little bumpy cause it's like information overload reading this thing, Lol

I grew up in a small town in Southern Illinois living pay check to pay check until about 3 years ago. one day I woke up and said, that's it, no more so i set out to change it. this article has only a small portion of the last 4 year journey in which consists of over 15,000 photos, most of which I actually took minus the ones im in from a distance.

My brother and I have racked up thousands of hours (4,000-5,000 hours easy!) of watching videos and podcasts not to mention the 6 and 8hr audio books we fall asleep to every night. We have also learned how powerful getting the right physical copies of certain books can be and reading is the single most important function we have so we do it frequently.

Books really are the key and i preach that frequently and in fact we have already gave away and handed out about 2 dozen books to our family and friends and even a few strangers too!

Pro Tip: with a book you can fold the pages, mark it all up, highlight key points, and most importantly of all -Refer Back- to information right when you need it so there is no searching online for an hour, just look up one simple thing.

Pro Tip: the yellow covered book on managing properties from Heather and Brandon Turner has a section in there that gives you a few simple steps to evict anyone in a very quick manor so thanks to that we actually had fun kicking 2 people out already and have zero trouble getting them out.

We have picked up tricks and tips from all over the place, taken those ideas, added our own ideas and then tested them in the real estate world on actual properties with tenants living there and studying the real numbers the whole time and then coming back to report this to our amazing audience -"you all"

This is just my first Blog Page in Real Estate, wrote a very very small foodie/food lover blog page one time several years back and then got busy, never finished it, and it never took off.
With many different unique writing styles under the belt back in college and having a close Brother with equal or better smarts in English and writing too it's a wonderful accomplishment. We both can write in many different styles all the way up to professional stuff..so if you are good at writing why not try one more time too for a blog page...write a blog??..yep!

One thing to note: This is a blog page on steroids as you will soon see!

--we will give you the nitty gritty right down to seeing the numbers on these properties dialed in closely. we just recently gained enough experience to buy a trailer park (our 1st park) and triple the income within the 1st 90 days after purchase.

the only way to do this is to do a few things and do them really well and make laser focused correct decisions along the way.

(these suggestions below are for beginners and apply mainly if you are starting with zero money like we did)

1. do all the labor if possible- if you have to hire it out make it very minimal
2. try to find and buy seller financed deals, they are everywhere!

keep in mind that seller financing deals really are everywhere and 2 of our 3 trailer parks are Seller Financed Deals! we now have over $400,000 in Seller Financing with ONLY 10% DOWN!

...over $400,000 Seller Financed between our number #2 and number #3 trailer parks.

those parks total 63 pads - our bank financed trailer park we only paid $152,000 for and we put 20% down on that one. this is a great example of how powerful seller financing can be and is in our case a very important player, keep in mind I have a "488" credit and I am putting these deals together like nothing. and both of those seller financed deals were listed on the market. no person wanted to buy those deals cause they didn't have the right knowledge and/or skills to fix these places so i swooped right in and ask for great terms and they said yes!..hey..you really don't know if you don't ask do ya?

how do you do all this you might ask...?

it really is not that hard people, the physical labor is 10x times harder any day.

If you want to get started on your journey just go do it: here is what you do..

Go around talking to the "commercial lenders" at your local "small town banks" and (don't talk to just one person, interview all of them!) and if you are starting with no money, you will need a great relationship so find the right one.

don't rush it and if you feel anything weird in your gut, move on until you get that great feeling like, -wow- this person is going to work with me cause im working with them. remember, banks can't make money without lending it out to You -so actually your helping them as much just like they are helping you.

-however- i showed my banker the numbers on that 3rd trailer park and he did say..that's a great deal..and then immediately gave me the 25k down payment, lol

..he also said he would have needed 20% down to pull it off as a full on mortgage and commented 3 times on how great of a deal this it was, lol..great guy he really is.

-he also said WOW again when he seen their was 57 pads for ONLY $225,000 with ONLY 10% down and only $1,500/month payment with a 3 year balance due in full. will be no trouble to refinance this bad boy in 3 years anyway and the investor dude were buying trailer park from used to be a banker so he is smart about all these number too.

so our commercial lender dude says..that's a perfect deal and I should go buy it, so I did just 2 hours later I had reached a deal with the owner, lol.

..getting a down payment from a bank to use as a down payment to buy another property is unheard of yet simple idea. we had equity built up into a house we have been forcing equity into by flipping it. we hold the title for that house as we bought it out right with $27,000 cash in which was borrowed money too, lol..my brother obtained a personal note and we took the cash and bought that house.

our banker also used that same house worth 85k yet only appraised for 65k recently cause it's not done yet; our banker used that same house recently too cause we put it up for collateral to buy our 1st trailer park back in June 2019 when he loaned to us on that park.

however..in reality he is just lending us our own equity right back out tax free for his small percentage called interest! crazy how that works huh?

an hour or so after leaving the bank I was over at this excavating company for a plumbing quote on that actual trailer park telling the guy at the desk, yeah the owner dude has not called yet and is supposed to be calling me today and sure enough he called right after that while i was still standing at the desk.

so my phone rang and im scrambling to answer it yelling there he is, there he is yet there was no caller id name come up i just knew it, had that gut feeling it was him so him and I discussed our own estimate to repair the plumbing at $30,000-$50,000 worth of problems over at that park, lol. am excited to see how close we are with that number.

so we talked about 45 minutes and worked out the deal and terms, juggled a few numbers and guess what..? the owner is going to finance ALL Of The New Plumbing Piping and Water Meters and he will add it to the 3 year balloon note balance and just slightly raise our monthly payment!!

it's (Water and Sewer both) and can you believe this? We will have all new water lines and new sewer in the whole park before the day we take it over, what a great feeling.! Can you believe that story, well it's true and I hope Brandon Turner hears about it too.!

I am willing to type and type and type my chops off to share this info while loving every minute of it and also plan on dropping tons of little hints and secrets as we go along in this easy and fun to read page. im not an instructor in real estate class just secretly acting like one, just kidding.

our experience can help you get a lot of in-site on how to manage your flip houses for maximum profits and also how to run numbers the right way, easy way and safest way possible.

you want to make sure you are going to be a "Very Proactive Investor" and "Save You Own Azz" type so before you even dare to begin buying properties in your own personal name or your spouses name or getting going in managing real estate properties or even becoming an agent or broker of any sorts or kinds,you will want to get your LLC first. you will want to put your investment properties and spread out among many LLC's. with ours we have separate bank accounts and separate LLC for each trailer park, I like the idea of have 3-4 or maybe even more single family in an LLC and I say how many you have in each LLC could be determined by your current financial status. for example: if you have a lot of money to cover if someone sues at one of the properties yet some investors swear to have each single family in it's own separate LLC, thinking that is a little extreme and way to many bank accounts too, screw that, lol.

Please, save your self thousands in taxes. go out and get a great CPA from BiggerPockets or something and have them help you get your LLC structured right. Once you have a smart CPA, which are hard to find for sure yet not impossible. you will be able to make some fast progress once you have the right team in place. People who never get an LLC are going to continue paying 40% tax per year. even most real estate agents pay way too much in taxes each year! who wants to work for 3-4 months out of every year just to pay taxes? the middle class, that's who.

You know how many real estate agents I already know who have been Paying 40% in taxes on their "Wages" right?  we know a bunch of them locally and personally.

See as investors..investors don't pay any taxes for a long time on gains and sometimes it can be possible for an investor to pay 0% in taxes!

You can use 1031 exchanges via your CPA and keep kicking the tax can down the road for many years to come. there are many many other strategies your CPA can fill you in on or you can read the books and read on BP too.

Tip-get this:

Plus when you leave your estate or properties or LLC's or whatever right..to you child or children and if done properly, that child will not have to pay any taxes on your gains on taking right over your empire, lol.. and after you pass it on even after you built it up for years to be worth any amount more say like..from nothing to 12 million net worth of assets and investments properties and whatever else there is and since depreciation is the king of all deductions in this game, you should not be paying any taxes or very little on your gains.

The saying goes like this: if you pay any taxes on your Gains in real estate, you did or structured something wrong. *Keep In Mind* - a high priced over educated CPA who is scared of the IRS can COST YOU THOUSANDS IN TAXES EACH YEAR you use them, so go and interview you attorney and CPA before you hire them, due diligence remember?

So before you get going please get your LLC set up correctly with attorney and accountant present at the same time all 3 or 4 of you in me and my dads case ya know Vern? lol..

If you are already smart with this stuff and into real estate then please share your knowledge and experiences in the comments below!

There are many reasons we are becoming successful yet i will give you 5 really quick basic reasons why:

1. We hustle every day all day long making things happen quickly.
2. We are reading all the right books and talking to all the right people, no fear here.
3. We don't take no for an answer on anything, once we are heart set on it were good.
4. We are willing to sacrifice almost anything in our personal and social lives to make it
5. We constantly help people by sharing and spreading information to anyone who will listen to us talk and we wish to donate hundreds of thousands of dollars to charities like st. Jude's and the boy scouts/girl scouts too, and many many more, you all get it, your smart people!

I don't prefer to watch TV at all; yet love watching a lot of YouTube and over 90% of that time is directly related to Real Estate Investing.

We are buying mostly or partially vacant mobile home parks and turning the majority of these trailers into like 70%-80% profit within the first 6 months-1 year after home is first rented out and we are going to have them paid off quickly.

Our series LLC's thru an Attorney cost us $1,000 we didn't have yet -we went and earned it thru side jobs and got the LLC done.

Just a forewarn:

-- this is a super long article in my opinion. some might not thinks so yet it's going to take a bit to read it; if you can stay till the end i really think you we be surprised at the twist we are giving our investing career. grammer police will not like this article, lol

-- so like i have mentioned to many people we run into when they ask me and dad about these trailer parks; i simply say 2 things...

1. first, this is an amazing ride and it's beautiful because the first trailer park is bringing people and our fairly large family back together cause even though we live close to each other and many of us are only 5-10 miles apart we don't always get together all the time. having fire pits, extra camper pads with full hookups and those 2 pole buildings containing an office helps a lot for sure too, it's like..central command.

2. and 2nd..all this..all these properties..it still does not feel real! will probably be saying that again so heads up, lol and probably say it at least three in this article alone. maybe if i put one more in later on somewhere it will stick in your brain huh..?? LOL

So since the one LLC recently agreed to buy us our 3rd trailer park

we have went from zero "0" Trailer Parks -to- 3 Trailer Parks all within 100 days apart!

this type of practice is Unheard of where we live at and every time we tell our family members and friends that we bought another mobile home park and we now own 81 pads; they fall out of their chairs, it's craziness. calling it "Controlled Chaos".

so the other one LLC) just bought 3 trailer parks this summer and fall of 2019 within just a few weeks of each other and the journey is spectacular!

One park was financed by a small town local bank via a smart commercial lender at that bank in which he is a super super cool dude and puts his trust in us because he knows we have all the skills needed for the job!

the 2nd trailer park was purchased by the same LLC (second series in the LLC or new cell) through a Seller who financed the deal at like 6% with only 25 grand in cash down and then we got credit for $3,600 in deposits in which we already got to keep two (2) $650 deposits because one broke the lease agreement and the other didn't want to pay so I gave them a 5 day pay or quit and they moved out the next day yet left it with bad and the carpets and paint/walls had damage like holes punched in doors and walls, just a few places and they had a cat and wasn't paying our mandatory $10/mo pet fee we try to be strict on, lol.

i also have the papers on all the exact numbers too ha ha. and a printout of state approved plans to add 6 more homes in that number #2 mobile home park.

All of our single family investment homes and all of our mobile home parks were purchased under my guidance.

I'm a guy who grew up with $1-$2 dollars lunch money in high school. so a quarter million is a crap load of money, well..actually it's pocket change in this world now-a-days unless you don't have any money at all..then it seems like a lot..lol
..don't believe me..??..do people bring lawsuits for a broken bone or car wreck or anything else unless its a minor injury for only a quarter million..not usually, lawyers probably try to go for more if they can ya know what i mean..?..going for the insurance..now if you don't have any money at all a thousand dollars heck even $20 is a lot of money, lol..that's funny yet actually should not funny, if your broke it's not funny huh?..we been there! last fall my parents and i went thru 8 bank overdrafts in only 3 months from September 2018 -thru- December 2018.

We are very conservative spenders and don't really like "Spending on Anything" we like "Re-Investing 80-90% of Every Dollar" right back into the trailer parks!..at least the 1st few years if possible and that all depends on your skill set and how much you hire out and we only hire out like Air Conditioners even though we do have knowledge on how to hook them up with gauges and stuff yet we are not licensed and don't care to hire it out anyway

We are not big fans of saving a lot of money up either because money sitting still or letting a bank loan it out instead of you making more money with it is nonsense (saving account or CD's) ..lol..that money then can't be working to make you more money huh..? now if you buy gold or something that's cool too. investing in the stock market sucks and coming from me, a guy who did make $4,000 in the stock market over a 7 year period of working for an employer (Domino's Pizza) who matched me on a traditional IRA.

The stock market sucks in my opinion and i will never invest in it again -i would rather feed Ben Franklin's i call them, lol..know as ($100 dollar bills) into a slot machine and try my luck at the Las Vegas Tables (lived there by the airport for 7 years until 29 months ago) before i make that dumb stock market mistake i will feed the machines, lol.

Some people may not like my bold opinion on this yet let me ask you 2 things...

#1 -you can only buy $10,000 worth of stock with $10,000 dollars cash yet you can buy a -$100,000 property for 10% or even a $50,000 property @ 20%- down that "Already Has Monthly Cash Flow if you can get it for 10% down like we are on the 57 pad trailer park ($195,000 purchase price) -already generates ($6,000 per month now if all the tenants) in there are paying like the paper work says they are, lol. (were putting $20,000 down in cash when I find it), lol. we are trying to finish our flip house, sell it, then use 20k from it to get that other park, several people backed out of this deal on closing day already, yet we can change the numbers on it in the blink of an eye and i will document it and share the transformation of these parks with the readers of this Blog!!

..like i say all the time though, we don't prefer outside partners, not right now at least cause we can control 100% of what happens much easier this way. our 1st trailer park has barely broke even the 1st 100 days we have owned it now, closed June 14 2019 and on December 1st 2019 that park will be collecting around $4,700/mo gross rent up from what it is right now in October it's like $2,900 or $3,000..only has trailers on 18 pads, rest we gotta fill it up with more trailers right away.

Treat every dollar you put in or have or equity dollars in the deal as employees, $1.00 = 1 employee, now you don't Fire you employees to grow a business do ya?? NO..you try to gain more employees "Put More Money Back In To Grow It" put it in "loan it" to your LLC or INC or whatever, lol..ask your CPA, or ask me or someone else on BiggerPockets or what not.

How many millionaires do you know that "Saved their way to riches"..? I don't know any at all...

We are not time wasters or money wasters; we are pure money makers, lol..we wake up each day and we make our future happen, from the time I wake up if focus on nothing but how to make money until I go to bed some 16-20hours after I get up. you don't have to destroy your body like I am to get there and it will just take you longer to get there which is perfectly fine, you will still get there if you are relentless enough and smart enough.wanted to get that out of the way in this 1st blog post, lol. we actually recommend following the know method that says (you are the sum of the 5 people closest to you)
-if they hurt your success in any way shape or form or can't stand your typing style or my typing style, lol..verbally or physically hurt you or slow you or your business down in any way shape or form or try to tell you your crazy ideas are wrong, or chop you at the knees before you even get started with your huge goals you need to set right away.
and you will have "unrealistic"..buy a Red Ferrari" goals that friends and family will think you went crazy like half my friends and family have and Facebook friends probably thinks about us like that too, lol..not all are like that yet some will think you actually went crazy in "their eyes"..however..i have learned, results (numbers and charts or graphs on printouts or QuickBooks Printouts don't lie and it will get some peoples attention too and i had a 70+ year old guy trying to invest money in one of our three trailer parks and i didn't pursue it because remember this real quick, if you let people invest with you they may then want to have some "Say So" if ya know what I mean so be careful and tell them up front rich uncle Johnny; sorry were just looking for silent partners and don't be a fool people, don't care if its you best friend for life, get everything in writing too lol..

This blog was not started to preach to you or tell you to do, I just decided to write this entire thing if it only inspires one person to give it a shot like we did and just go do something, start failing forward and shake your bad habits and fears and go make life happen then go buy an island someday in 10 years or whatever else as your reward for passing the buck forward just like im doing to get this article out there.

Take Action:

Go live for yourself and not for how other people want you to live, if
they are negative people, get em gone, even if they are family or
friends.

Get a mile tracker app like QuickBooks or MileIQ or similar, MileIQ is only $6.00/month and worth every penny to print the mileage out and hand to your CPA. we just found our CPA on the exact day of the 29 month me moving back here to mid-west anniversary, we only know one speed on these properties, super fast, lol..we actually have been going so super fast with all of our group efforts that we count the anniversaries in months or weeks and sometimes so much is happening all at once we forget stuff that happened yesterday; we can't really forget cause i take on average of 15-20 photos every single day, might have missed a few dozen days in 29 months yet i doubt the number is that high really.

And by the way, use a calendar and write on all 12 months or 2 calendars and write on all 24 upcoming months to where you want to be and (ALWAYS break your goals down from "yearly into monthly" and/or even "bi-weekly if needed" or "weekly if needed" yet -That's more work though *so train yourself properly, we like the monthly method, see new years resolutions never stick with 90%+ of people because they don't break their goal/goals down into smaller yet easier to achievable goals (I set unthinkable huge goals, learned that from the Trump book -Think Big and Kick Ass...- audio version is like 8 hours long. and another thing..people put off their dreams all the time, every day you waste you can NOT GET BACK and you could get out behind the TV and go make your future happen right now, tomorrow is not coming people, i think the "power of now" is one of the best things our small group has learned you know it?? taking action is where the bread and butter are in this investing game there people!

I will write a book about this stuff someday once I earn enough money first, lol.

Here below are some powerful tricks you need to put in you arsenal right away:

Put in place not only a great team of people starting with a great Leader (That's You!!), a great commercial lender, an amazing CPA and a wonderful Attorney, I'm not saying it will be easy or happen overnight, be patient with this stuff and put people around you that have the same exact work ethic and make sure they have similar goals and want to go far in life instead of just come work 4-8 hours per day then go fishing or whatever else then be out screwing off and nowhere to be seen for 3 days in a row.

if certain people around you are not reliable, lie or try to cheat you -get em gone- or at least don't spend much time around them and never invest with them. please don't let the "Time Vampires" steal your valuable time away and just go out instead and make something happen!

if you can work with just your immediate family of 4 like we are as your "only 4 investors on the team" then do it. if you have to outsource down payments and stuff then just do your due diligence and know your stuff before you borrow money!

if you still can't think you can pull it off you can! go find a 1% deal, put all the numbers in a 3 ring binder or such and take it with you in your car so when you talk to people out and about don't outright ask them for the money (your rich uncle) or for a down payment, instead try this..if they say..what you up to..say..oh well ya know..I'm just out looking for a down payment for this amazing trailer park/flip house are LLC's team is working to acquire.

make sure you know your numbers before you do this. make sure you have studied the property and physically seen and inspected the exterior and hopefully the interior too.

have as much info as you can gather about the property you are going to look at.

-not all your friends and family will call you crazy, just 80% until they actually see the results on paper and in person and in action and ever changing...then they might ask some educated questions so it's all good to mingle with family and help to spread ideas to them too. not all people don't get it and you would be surprised at how many people i have talked to that either have, had or cant stand rental houses and properties even just recently; some people really get it, whether they take action or not..not so far, maybe a few out of our whole family might get a few properties eventually.

My uncle went and busted his chops over several months at nearly 50 years old to get his real estate brokers license, it was hard, i read a few dozen of the pages of the book and listened in on the online studying part too, it was fun yet kinda hard too, all the laws part, and all that paperwork part too sucked a little.

Try techniques like that and see what happens. go talk to the richest realtor guy in your town and tell him you wanna work for him for free even 1hr per week and see what he says..if he says no then offer up the skills you have in your mental tool box right? yeah..? if not then go right on to the next rich guy/gal until you find Just One Yes out of the whole group, then make your future happen right in front of you eyes, lol. bet it won't feel real after you get done cause any time you are doing anything with running the bigger numbers does not feel real.

writing the numbers out by hand, getting what available from realtor or owner on the potential property far as paperwork is concerned and don't forget to go to the water treatment plant, the water service, the city, the court house, by doing your due diligence and asking contractors or employees at lowes until you figure out all the secrets of how to do stuff.

one of the best things about being a professional real estate investor your life starts to have all these options and combinations of shapes start opening up to you all the sudden and now you are doing things you never thought possible.

your into income levels, buying properties in different locations, you only deal with great deals and you have good exit strategies in place.

something you want to watch out for is - be careful what you are buying cause a large portion of the money  you are going to make is being made that day you close.

Oh..and don't force a bad deal into being a good deal, you really make the money when you buy deals the right way and even if on paper if it's not a "1% property" then walk away right now!

go take a realtor out to lunch and ask them if they any seller fanciable multi-family or trailer parks or look on Loopnet.com and Zillow.com and search just by ZIP CODE -that's the way we have the best luck finding deals.

ost..almost..feels illegal yet when you put your All Start Team In Place you will be kicking ass and thinking big too, lol..and you shouldn't be paying any taxes if you are dumping enough of the profits back in to build the equity, don't worry cause after you force a ton of equity into it you can do a refinance and pull a lot of that equity back out, we call this "Stripping the Equity" and im still learning yet you can use say a Wyoming LLC to strip the equity out of say an Arizona LLC or say Ohio or what not.

we did not even have a down payment on 3 out of the 7 properties we bought in just 28 months of me moving back here to mid-west, lol..had to borrow the down payment, lol..and still do sometimes to buy these trailer parks. we went to our lender a few days ago and he loaned the company another 20k without any collateral why?..because he seen how we tripled the income of our bank financed trailer park within the first 90 days by cracking the whip on the non-payers, lol..pay up or get the heck out ya know, lol.

Another tip: look in you dumpster -Yes -I said it -Go get a garden rake or stick and go bust the bags open and look for liquor bottles, cardboard boxes with for new fireplaces when they only had half the rent money that month, lol..charged them the $50 late fee too and made them pay it..telling you this, the dumpster diving trick might be out there yet i have not read it anywhere yet and i just thought it up one day when i was out at the dumpster and realized one tenant threw away several high dollar liquor case cardboard boxes out to trash, she didn't pay us any rent for 1.5 months after we acquired the trailer park, we gave her a chance to start paying, 6 weeks actually, never has paid yet either and we had a blast kicking her out!..let me tell you right now, evicting people can actually be interesting and even fun sometimes as that lady was on probation and we didn't find that out till later after she was gone.

we felt really good about giving her the 5 day pay or quit notice. she got out in no time at all, lol. now we have people in there that pay their rent early every month cause they understand the rules of these parks, pay or get out, nothing personal. if i lived some where and i didn't pay..what would i expect is going to happen?? like someone said, they do it to themselves cause their priorities are all wrong in their life. just get the bad apples out right away when you acquire the park and if you can't..get them out within a month or two or three if you need to money coming in and they are at least making split payments charge them the late fees and make even more money for your LLC..

we don't recommend quitting you job and rely on your LLC's money, don't do it, we don't take anything out of the companies at all and you probably won't be able to anyway the couple years if you want to try and grow and any decent rate anyway.

Yet be warned..you must follow all local and federal laws and we use an Attorney in which is again, worth ever single penny of his $180.00/hr charges, we are not attorneys yet love writing checks to him for guiding us on the right legal path and LLC's from the very beginning. it is Extremely Important for you to Structure your LLC's correctly and i recommend spending a ton of time researching that part and digging deep into it, it's worth it, were still trying to soak it up like a bunch of huge sponges and the Taxes are actually fun to if you start watching Tom Wheelwright and Robert Kiyosaki's YouTube videos and read their books too if you can, i read them while on the shitter, you gotta be there anyway don't ya?? why not make it fun and just think, if you stay there a little longer reading books your going to end up getting more time to yourself that way too, it can help with the daily stresses of buying these amazing properties cause im telling you..the photos i take Do Not Show You The Amount Of Work We Do Every Week..!!..

Another Tip:
if you drive a lot listen to the audio version of anything your needing to learn or interested in and just see where it takes ya!~

The mid-west is a rental property gold mine if the game is played a certain way
and will be for a long time to come even if the market crashes like 2008 era, when market crashes here in the USA ideally rent can and should actually go up because people can't buy houses any longer so they have to rent, lol.

We only buy "Great properties", we don't buy "Good properties", you know, we only buy these 1% properties like Brandon Turner and those guys talk about that are literally everywhere right in front of your eyes and all of our eye balls every week, every day, they come along about once per week around here in my small home town of 8,000 people in good old Southern Illinois.

Our 3 companies (currently have 12 paying tenants up from just ZERO back (mid June) Summer 2019, lol..someday we will have a good 90%+ of these trailers rented out in which the LLC owns them already anyway. its hard to make enough on just lot rent alone, really need that full rent value from each pad especially if you have less than 10 pads.

We also have 2 seller financed trailer parks...

1. Paid $225,000 was fully rented out (6 x -3bed 2bath mobile homes) rent starts at $650 each on those.

2. Paid $225,000 (over 50 pads and about 33 are vacant pads with either no trailers or busted up trailers. the owner already had some junky ones removed, lol. that place has major water leaks yet is on city sewer too, i looked at the $2,000 PER MONTH WATER BILLS TODAY..!! and just about freaked, well not really cause we are going to hire out to re-meter the plumbing in the whole place.

will keep you up to date on the progress.

Sometimes you can find good or even great free stuff too; we have acquired thousands of dollars in free stuff just for buying the properties and kicking people out or you find good hard wood tables inside these old trailers.

click on this link below to go read the other page we just put up! it's a great one too!

https://www.biggerpockets.com/...

will have more updates on the mobile home parks and house flips as we go along...

please check back for more posts and photos to come right away...

please don't forget to Subscribe and Vote!