All Forum Posts by: Hiren Patani

Hello,

I would like to know whether seller's asking price is a fair price ( not over asking) for a running RV park or a mobile home park? What should be my break even point? Should one pay 2X or 3X or something else of Gross income? Please advice. TIA for your help.

Hello,

Looking for a mobile home park developer, who can meet all the requirements and criteria of the county, work with the county, to get all the approval to develop a mobile home park. Please let me know if you have experience and/or know someone who can help. Any help will be greatly appreciated.

Regards,

Hiren Patani

@ Matt Wells, I'm assuming you are managing your existing 10 conventional loans without getting default on any one of them. In current market scenario, as long as you are making your payments on time and I hope you will continue doing that. Inheriting 10 more will make no differences, as long as you keep on making payment on time with or without rental's in them. Way to go. 

So question for you how did you went from zero to 10 and from 10 to 20? 

Hello Everyone,

I'm looking for an spreadsheet or some sort of tool where I can put in income and break down of expenses and it spills out an CAP rate. In short, something which will help me in due diligence whether to buy the commercial property for passive cash flow.

Thanks,

Hiren Patani

Thank you all for your comments and suggestions.

Hello,

I'm looking to develop an empty 1+ acre land lot into small mobile park. So looking for developers who has done similar projects from start to finish. Developing drawings, getting approval from city/county, permits approval, bids for getting all utilities on site and then constructing it. Let me know if you know somebody or has done similar project in the past.

Thanks,

Hiren

Hello,

I'm looking to buy a land (approx 0.68 acres) on east side of town, approx 30 mins from Houston,TX downtown towards east. Seller is selling it as a potential location for RV park. I have no experience whatsoever for developing and managing RV park but thinking this would be a good opportunity to learn and built my existing rental portfolio. Where do i start and what do I need to consider before even I make an offer. I would like to avoid pitfalls, lesson learned by somebody smarter than me (i..e you). Thanks in advance for reading my discussion. 

Thanks,

HP

P.S:- I'm open for new ideas.

Hello All,

I'm thinking to buy a land and put couple of mobile/trailer homes on it. Then rent it out. But never done that before. What sort of issues/road-blocker can come in my way? Do I need to get permits before I start? Where do I begin? Any help and putting me in right direction would be very helpful?

Thanks,

Hiren Patani

Thank you @Faron Davidson @Robert Leonard 

@Kevin Wood .

Can one of you post a link or send me the template for M2M lease

Hello BP,

I'm a landlord in Houston, TX and would like to know what kind of lease agreement contract form can i use to have my tenant on month-to-month basis? Also for either party (landowner or tenant) to terminate the lease how much advance notice should be given i.e. 30 days, 60 days or something else?

Thanks for reading my post.

HP