All Forum Posts by: Brian Summerall

Hi. I am new to REI. I came across a mobile home park today that is for sale by owner. Her asking price is 250,000.

The land size is almost 3 acres. There are 4 units to be rented and 3 that pay lot rent. The combined rent is approx. 2800 a month.

There is a double wide with additions added for the owners property, it has 5 bedrooms. 

What is the normal payback time of a MHP?

The double wide and land is probably worth 125 to 150. There aren't any comps on something like this.

Hi Joe. Hope you can make it.

Hi Patricia. Thanks for the response.  I signed up to go to the Jacksonville meeting tomorrow. 

Hi Charlese. I drive through Bayboro often for work. I've seen several properties I'd to get there.

Thanks Ricardo.

Thanks for replying Joe.

If you make it over to Morehead, New Bern, Atlantic beach  or Jacksonville  let me know. 

What is STR?

Hi. I'm Brian.

I am new to REI. I am currently trying to get educated so I can start investing. My start will probably use the BRRR strategy.

Hopeing to find others close by. Let me know if you are around. I live in Havelock.