All Forum Posts by: Ed Emmons

Has anyone had any experience with escrow title LLC? They claim to be buying Cancun MX timeshares. They show a business address on their SEC filing as 8761 DORCHESTER ROAD, SUITE 100
NORTH CHARLESTON SC 29420. Their corporation business address is listed as 301 Fayetteville St Ste 1700, Raleigh NC 27601

You’ll want to look close at the specific area. The market can change drastically in that 100 mile radius. Some areas will have almost no demand while closer to PI and Caribou will be better. Be careful looking at some very cheap properties in outlying areas as you may have it vacant a long time.

@Shaw Weeks I’ve hired a couple guys but may need more

@Olu Lijadu  no these are near Bangor ME

I would attend virtual meet ups in the area and find someone experienced and doing volume  buying off market and partner with them. Especially since you’re not local.

I would do option 2, why lose money?

@Kyle Black sorry couldn’t figure out how to reply to your message so see above

Not Saturday best for me after dark but I may be able to rearrange things.

I’m in immediate need for a person that can coordinate jobs, work well with others, schedule jobs, etc. In exchange, besides good pay, I’ll teach and help this person develop their own portfolio of investments.

@Jeremy A. what you’re describing sounds like an association not a mastermind group. @Kyle Black With a lot of people maybe a Facebook group would be better. For a mastermind group to work, I would think there should be few people involved to be of any real value, 10 max. There is a large range of experience in the responses so far. I think there should be some kind of grouping of goals, experience, type of investment interest, etc. Otherwise there isn’t enough specific info to help most people. Just my opinion.

I had an interesting experience the other day that made me raise some questions. I completely understand the big business strategies of buying parks and jacking rates as high as possible to increase cap rates and move on. The ethics of that strategy has been addressed many times. I went to a local park to inquire on a home for sale. It is located in a park where the rent has been jacked to maximum. The park has homes about 12’ apart so a lower end park getting top rent. The owner included a right of first refusal clause in his lot lease which allows him to buy at any offer and he has 2 weeks to make that decision and he requires an additional 30 days notice to move the home. In our area a person could easily buy a property and install the home for less than the current lot rent. So he effectively is keeping the person from selling the home unless it is to him cheap as owner. 
So a person who has been victimized by jacked rent and wants to make a good financial decision and is being prevented by the park owner. He can brag about how his park is filled and the value is so high but at what cost to people? Is it worth it? I’ve been in this industry for decades and many millions can be made while still caring about people. After a certain point it isn’t much more than bragging rights of how many units you own. If that’s your aim consider the whole picture. Wealth can easily be made in real estate while keeping your integrity. Slum lords give landlords a bad name. Hopefully, the new wave of park owners won’t do the same.