All Forum Posts by: Erik E.

@Frank Rolfe

Fascinating.

Thanks Frank and Jerry for the guidance.

The returns are compelling in SFH and I imagine if you buy right for a mobile home park — and keep a tight operation to rehab and fill in lots — the returns can be similar.

Frank, you mentioned the conduit loan as the exit mechanism and that few banks do this type of financing. Are there resources that you recommend I read to learn more about who these banks are, what they look for, and how they underwrite these deals?

Excited to learn more about this space.

Hello,

We are investors in SFH and have brrrr'd (buy, rehab, rent, refinance, repeat) properties in the past.

We have been looking into the mobile home park space as we have some friends that are investing in that space and I hear Brandon talk about it on almost every podcast :)

Is it possible to brrr an entire mobile home park? For example, buy a property that has the opportunity to infill and/or raise rents and make general improvements (such as roads). Then once you have it fixed up and cash flowing at its peak, refinance with a bank and get most of your capital out of the deal. Is this a common practice in the mobile home space?’seems like the best of both worlds with high cash flow + financial leverage.

Any examples folks can share?

Erik

Note: this is my first post on the forum. 

I'm wondering whether anyone has experience in implementing and operating a multi-family/communal living property similar to WeLive (from WeWork) and Common? On the spectrum of rental terms, one end is 'traditional' 12-month leases and the other end of the spectrum is 2-3 day rentals on Airbnb. There seems to be a growing demand for 1-2 month rentals in the middle of the spectrum. The two big levers affecting returns would be occupancy rate and rental rates. Does anyone have experience with this type of model? If so, can you share more about your experience acquiring and operating this type of property compared to a property that offers 'traditional' terms (eg 12 months)? Thanks in advance!