All Forum Posts by: Ephraim Bistritzky

@Jack Martin We'd gain about 50K in NOI which would far outweigh the costs. So I think it is worth the investment.

@Jack Martin Understood, so I am assuming you would say that the initial cost of submetering would be worth the price. Raising the capital isn't hard for us, so I think we're going to budget it in our initial CapEx budget.

@Jack Martin

Thanks for your help Jack. I appreciate all the detail, myself and my partner are working on getting educated on septic systems as well as finding an expert / consultant so we should be able to stick to that.

We just found out that the park is actually on master metered electric and not on the parks own electric. It’s an off market deal that we just received so we’re still gathering information. What should we do about the master metered electric? I spoke to the electric company and they said it’s going to cost over $150K to submeter it, what would you suggest? We really don’t don’t want the liability and the hassle of master metered electric.

Hi All -

My company and I are looking to purchase an MHP we've come across off-market. Park is on public water & septic as well as a park owned electric system. We know how to operate on public systems however we've never owned a park that has park owned electric or septic systems and as most of you are aware - we've heard its a serious issue. I had a couple of questions for the more experienced MHP investors here. I've listed the questions below and I hope you guys have a chance to answer. 

1. 1. Can we convert the park owned electric system to either a public or private company who would assume responsibility for all the lines as well as direct-bill the tenants and if so how much would something like this cost our ownership group?

1. 2. Can we convert the park from a septic sewer system to a public sewer system and if so how much would that cost our ownership group?

1. 3. Also - About 30% of the pads in the park are RV pads. Do you guys know if it is possible to convert these to MH pads? If we would lose some pads due to size concerns that would still work. If this was possible how much would something like this cost? 

Thank you in advance. 

Looking forward to hearing from you all. 

@Zack Guida numbers wise this ground up MHP project doesn’t seem viable, it’ll take years for it to all happen and for you to get 50 homes in and stabilized. I would look into the other options that @Rachel H. mentioned, those seem to be your best bet. Sorry ):

@Barbie Steele I have access to capital necessary to make this happen across the east coast, but how would I get townships on board with this? do you know how this person in TN got it done? from everything i’ve heard it’s pretty much impossible to get municipality’s on board with MHP’s/Tiny Homes.

@Meron Gashu Where is this deal located? I’d be interested after market analysis

@Frank Rolfe Thank you for your feedback! BTW i've been listening to your podcast, great work I enjoy it tremendously. If you're interested in doing a JV (as in you give advice and knowledge in exchange for equity) on our first few parks let me know (;

Hey -

What does everyone think of mobile home park investing in today’s market? considering the recent consolidation and the limited supply do some of you seasoned professionals think it may be “too late” to start a MHP ownership career now? I have experience in acquisitions, dispositions and management.

If not - how do I go about finding an asset to purchase. I have experience in a few sectors of Real Estate and understand the underwriting process and have read enough about the differences between MHP’s and regular assets so I believe I somewhat understand that end of it (still have much to learn but ready to asses properties). My issue is I can’t seem to find any deals on the normal market where I would normally find my MF / Retail / Office deals (Loopnet, Crexi, CBRE, JLL, M&M, RCM etc.). All the deals on these “marketplaces” seem to be extremely overpriced and are priced out of the value they offer. The more research I do the more it seems the only way to truly capitalize on this niche asset class is to find off-market deals. Luckily, I have the equity sources for quick closings so I believe I can make that part of it work. I just do not know where to start on the deal sourcing side of it. I’ve never had to work to find a deal before typically there were always way too many deals on my desk. Not too few.

Looking forward to hearing from the BP community.