All Forum Posts by: Clint Looper

Hello everyone, 

I am an SEO consultant and real estate investor.  I know how difficult it can be to get some lead generation systems in place for investors.  I'm offering my services to get you onto the first page of Google search results.

We offer several marketing services:

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2. Youtube Video SEO - Take your youtube explainer video to the first page of google and youtube with our video ranking service.  Excellent for explaining the benefits of things like owner financing.  I am willing to charge no fee until you are on the first page. Once you are on the first page there will be an initial charge and then a monthly fee to maintain the position. If it doesn't make it to the first page then there will be no charge.

3.  Social Media SEO - We optimize your social media presence for your niche and area.

4. Google my business optimization - I took down my Kansas City page since I recently moved from the area but I am still showing as the first result on the local business map.  Just search the term "we buy houses kansas city"  the first result with the number (913) 214-6991 is my work number.  We will work on doing the same thing for your business.  One time fee.  Optional continued support for especially competitive areas.

Fees vary depending on area and competition.

We have seen Youtube results in as little as 24 hours.  Typically we see results within a weeks time.

If you would like us to work on getting you on the first page of Google search results for specific keywords in your area, contact us as soon as possible.  To avoid competition among our clients, we only take one client per niche, per area.  If you would like more information please message me here or email me at [email protected] with any questions or concerns.  Thank you.

- Clint Looper

Ok, so I was able to get some more information from the seller.  He hasn't been able to maintain the park.  I'm seeing a lot of complaints from residents about the pool not being fixed for over a year.  Things like that.  The park was at a 30% occupancy rate 8 months ago.  It is now at a 26% occupancy rate.

Lot rent is $309.  Rent on park owned homes is between 500 -600.  I'm not 100% sure how many of the homes are park owned homes.  Some of the lots must be set up to be RV lots as well because I'm seeing a few of those in the financial records.  Haven't been able to make it out to the property myself yet but plan on doing that this weekend.

As far as the market goes, it is a large enough town with a median income that makes affordable housing appealing to a majority of the community.  Normally I would want 0 park owned homes for the reduced maintenance costs but there are large employers in the area that bring in a large enough amount people that need temporary housing.  Having some park owned homes might make a lot of sense.  At over 120 spaces there are enough spaces to diversify.  

Really it seems like the biggest problems is that the park is structured poorly and hemorrhaging money.  As a result, the owner wasn't able to keep the promises of proper maintenance.  Now the park is getting a bad reputation.  An "Under new management" and move in promotion would probably help bring some homes into the park.  Who cares if you give a free lot rent promotion period if the lots were going to be empty anyways? 

I listened to the podcast where a guy offered to pay for the moving costs.  I'm just getting started and most of my cash is in my second deal that I just put on the market this week so that isn't really an option for me at the moment.  I'll do some digging and listen to some of the podcasts on the topic and see if there are any other good ideas floating around out there.

2016 Income 139,393.25    

 Expenses   Electric (7,671.49)   

Garbage (5,676.00)   

Gas (579.48)   

Insurance (6,620.50)   

Mgmt Fee (18,000.00)   

DNR (600.00)   

 Phone (915.06)   

Property Taxes (7,762.23)  

 Sewer (16,923.26)   

Water (19,731.78)   

Net Income 54,913.45 

Same basic info for 2015 but the net income was 89,900.00. 

Thanks everyone for the advice so far.

Sure thing. I have the financial information for the 2016 and 2017. I'm at work right now but I will post that information tonight. Thanks!

So I just got a mobile home park under contract. The agreement is well below the advertised sale price and puts the park at a 10 cap. The park is only at a 30% occupancy rate and the owner isn't running it well and doesn't have the funds to turn it around. I could wholesale this place but I'm a little more interested in renovating the park. It looks like there is a lot of upside potential. Buying the place at a 10 cap when it has room for 70% increased occupancy seems like it would be way better to renovate it. Is anyone experienced with investing in distressed mobile home parks? Thanks. - Clint

Does anyone know of a good community bank in the Kansas City area that works well with real estate investors? Thanks. - Clint

Hey Denny, have you thought about the Kansas City market? I'm wholesaling in KC right now until I have cash to buy and hold. Rental rates are solid compared to the purchase price of homes. I just got my first house under contract selling at 10% ROI, $300 month positive cash flow, with 10,000 in equity. Definitely would have purchased it myself if I had the cash. I plan on moving in a few years but will definitely keep investing in this area.

Well maintained 2 Bedroom 1 Bath SFR for sale just outside of Kansas City. Average rent is $725.00. $300 positive cash flow. Based on lowest value estimates of $48,000, home will have $10,000 in equity at current price. Higher estimates place the home between $60,000 and $70,000 but I think that is a little high in this market. Would personally buy and BRRR this thing but I'm just starting and my finances aren't there yet.

Was purchased as a HUD home in 2014 and completely rehabbed. Hot water heater is 1 year old. Will need standard cosmetic work of new paint and carpet. Ceiling fan in living room is a little loose and needs to be remounted. Maybe some landscaping. Washer and dryer stay with the home. New refrigerator could possibly also stay with the home. Conservative budget of $1500 for repairs.

BiggerPockets Rental Calc shows 10% ROI and $300.00 positive cash flow.

Current owner/occupant would like to stay until June 3rd and pay rent but is willing to move for an all cash offer.  Willing to be flexible with the investor/buyer.  Selling because of personal issues.  Nothing to do with home or financial issues.

Pictures available soon.

Thanks!

Thanks. I didn't think about simply delaying the closing but getting the paperwork done today.

Hey everyone. I've recently started real estate investing and I'm looking at getting my first wholesale deal under contract. I found a great B property that has both flip and cash flow potential. However, the owner doesn't want to move until the end of May so her grand daughter can finish the school year. This is raising a couple of questions for me. Ideally I would like to go ahead and get it under contract and sell it to an investor with a provision in the contract that the owner maintains possession of the property until a specific date. Is this possible? I Would an investor even want a property they can't control for a few months? I can see an investor wanting to go ahead and secure a deal. However, I can also see someone who is financing with a loan not wanting to have an extra two months of payments with no cash flow. Any advice would be greatly appreciated :)