All Forum Posts by: Bradley Cladianos

Investment Info:

Other commercial investment investment.

Purchase price: $1,150,000
Cash invested: $10,000

99 space RV resort with 3 cabins. We plan to expand this property by adding additional amenities ( pickle ball court, pool, hot tub and premium patio sites) This property is managed by our management company Beyonder Camp. We . Reach out if you are interested in the outdoor hospitality industry!

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

I love camping and enjoying staying RV resorts. As for an investment, one site can be rented 30 times through out the month. Guests stay for a certain number of nights and they bring their own RV. You don't have deal with evictions or repairs or rv's like you would with Mobile Home Parks.

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

Off market lead from broker

How did you finance this deal?

Private money

How did you add value to the deal?

Increasing nightly rates, improving visibility, and increasing/ adding amenities to the park.

What was the outcome?

So far we are meeting our expected returns to our investors.

It has been a while since Mobile Home Parks were at a 10 cap. I see most Mobile home parks range between a 5-7 cap. I would be happy with an 8 that had vacant homes. 

@tonygunter Can you explain? They buy the property cash and I pay them the mortgage?

Hello BP community. 

I own a paint and drywall finishing company and I am hoping to meet some other investor/contractors. I am hoping to use my company and background to build trust with my investors.

My idea is to find the deal and bring in a money partner. Then my company is responsible for the rehab and managing subs. 

Does anyone have experience with working with partners and hiring your own company for your rehabs? 

Thanks

Hey @Justin Otero I have not moved back yet but I will be moving back in November. I am more than interested in sweat equity. That will be my strategy in the beginning. I own a drywall and painting company in Denmark and feel pretty confident about a rehab. 

Price range below 400K 

Going to have to finance unless I can partner with someone

I am interested in all those areas as well. 

How about you? Do you invest in Reno at the moment?

@Lucia Rushton Thanks for thinking about me and tagging me in this post! Luckily I am already a little bit connected in this group. Hope all is well with you. 

Hi Ahmad, 

I have some connections for investors in Sweden. I live in Denmark but I would be happy to connect you. Just send me a message!

Hi Luke any luck on finding more information on this? I'm in the same position. 

How does it work when you purchase an assignment contract? I am investing out of state. Can I have my realtor go and check out the property first? How do you all do proper due diligence when buying wholesale deals?

Thanks BP community! 

Has anyone written an E-Book? I have a 30 page e- book pretty much finished but I have some questions about publishing it and marketing. If you or anyone you know has written one I'd love to ask you some questions about it!