All Forum Posts by: Craig Anderson

There are a lot of things that you could do with $200K. I would first find the market that you want to invest in and do your due diligence in finding the right areas. Then, I would invest in STR, Land, and/or Commercial properties. If you want to partner on anything, then let me know.

Good Luck! 

For that kind of return, you need to go bigger like storage units, commercial, or apartments.

Hi there BP! I've stumbled across a package deal to acquire 3 Mobile Home Parks.  The seller will carry 50% if I purchase all three parks.  The prices are right, and they all cash flow with tenants owning all but 2 of the homes.  These are smaller parks, but they cash flow nicely. 

What are some pitfalls with mobile home parks? 

What are some things that I should be mindful of before making this deal?

Are there specific questions that I should ask?

I've asked for the financial statements, and they look solid. This would be my first deal of this magnitude. I don't want my excitement to cloud my judgement, so any advice would be helpful.

Thanks!

Ok, thanks!

How do I attend this event and get a notification reminder? I see the link, but is there a way to sign up now?

You should consult a lawyer instead of random people from the BP community as you'll get advice from experienced investors, but the law is its own beast.  Good Luck!

They are either afraid of this concept because they lack understanding, or they don't want competition. I believe that BRRRR investing is the best way to scale and build your portfolio. It's not easy, but you just have to work on finding the right deals and be patient, yet aggressive.

Yes, I agree with Rebekah. I'm house hacking, and it's easier to include utilities, wifi, trash, etc, into one payment. Figure out what the going rent rate is for a one bedroom or studio, then price your rooms accordingly with everything included. I have mine fully furnished, and so I priced mine higher along with utilities.  We didn't want furniture being moved up and down the house and this avoids any possible move-in/move-out damage.

And, we mainly rent to traveling nurses and professionals.  It's worked out great.

Great reply Mike. Great suggestions!

I never heard of that, but I think it's very intriguing.  I will look into that my area and let you know what I find out when I can.