All Forum Posts by: Bryan H.

If you haven't already, join this group. https://www.facebook.com/groups/MetroDetroitRealEstateInvestorsGroup/ Plenty of people there that would be interested in a deal 

I learned when I bought my park, tenants don't like/trust or whatever the reason, electronic payments. They were all cash before I bought the park, but I was able to get them to give checks, certified or personal to my manager who deposits them in the bank for me. 

HI @Jared Crouch 

I'm closing on my 1st park this week. I bought this and it was great for due diligence. 

Mine would be water, taxes, management, septic, garbage, landscaping, insurance. 

I'm looking to change the address of a MHP. The current address for the park is also the address for a SFH in the park that will be rented out. So I don't want the business address to be the same as a tenant.

Is there anything to consider from deed, mortgage etc perspective? Or because I'm not changing the legal description, I don't have to worry about anything?

Anyone with experience have feedback?

I'm looking to add these to my MHP

https://youtu.be/RwfDExXBUeY

There was a discussion on here a while ago about a great place to purchase these, but I can't find it. Any suggestions?

Possible? yes

But, not worth the hassle when existing parks are available to purchase.

Its also very cost prohibitive to build a park, fill it with homes & tenants. 

http://www.mobilehomeuniversity.com/articles/why-you-dont-want-to-build-a-mobile-home-park.php

Oh, also wanted to say, while loopnet and mobilehomeparkstore.com is mostly over priced, garbage. There are deals to be had there.

I'm under contract now, found mine on loopnet. I found a motivated seller. Looking at some nice returns for a turnkey park. 

You should also find MHP brokers. They may advertise on their sites, but not on loopnet and mobilehomeparkstore.com 

Here are a few I have found

http://www.emcatlanta.com/mhpfs

http://joannemstevens.com/index.php

http://www.marcusmillichap.com/properties/search?t...

http://www.mobilehomeparksforsale.biz/Home_Page.ht...

http://naiearlefurman.com/inventory.aspx

http://www.frazierproperties.com/commercial/index....

 I've got travel in there a quite a bit the first year. Its a 4 hour drive, so not horrible. Each year afterwards, I have budgeted 4 trips a year. Not sure I'll need that much, but planning for it. 

Thanks for the feedback.