All Forum Posts by: Gary Dezoysa

Hi all, I'm looking to buy a small park out of area. Suffice to say I need to learn MHPs well to see if this is realistic for me. 

What learning resources can you recommend? The first book I have bought is "The Mobile Home Park Manifesto". I've also seen MHU referenced although at $1,000 for the home study course, it seems like an expensive option (maybe not in the context of doing a bad deal instead)

Thanks, that adds a lot of clarity. In scenario 1 would we co-sign the bank loan then? Is there potential for my bad credit to reduce our chances of obtaining financing?

Hi all,

As a remote investor I've decided I do not want to use property management companies. I would rather do one of two scenarios:

1. I find the deal and bring half the down payment. A local partner brings the other half and manages the rental

2. I find the deal and bring the entire down payment. The local partner manages and applies for the residential loan (on a 2-4 unit MFH).

Are these situations roughly even in terms of contribution? Or would you say one partner should get more than 50%? I am looking for general guidance on how to determine a fair split; this information seems hard to come across frankly.

A moderate or major issue passed by a home inspector but the first  tenant notices it. Or a roof goes bad according to expectation. Or a tenant trashes a place. In these scenarios is a property manager comfortable to oversee a major repair? Or does this suddenly fall back on the homeowner's shoulders?

Would you guys prefer putting your money in an index fund or mid risk (9-10% return) performing notes?

Advantage I see of the notes is less volatility. Well, unless one gets behind.

Advantage of stocks is less to think about, I could probably just setup an auto-transfer each month and that's it.

Curious what other considerations you might make when comparing the two.

I would like to setup an entity that keeps my ownership private for a note investing business. Performing notes will be my current focus. The payee will need to pay of course so the entity structure should be supportive of getting a bank account that is also protective of the owner's personal information. 

I'm thinking this should require an LLS or S corp owned by a trust. Is that a good, low cost solution?

Thank you

Hi, I would like to compile a list of states where owners/investor in notes are made public or not. How would I go about finding this information? I could do a state by state check if necessary, I just don't know where I would check. Thanks for any pointers

I think sponsor is the term for someone who invests in syndications of commercial properties. I assume my $20,000 won't be sufficient. What is a fair amount to start with then? Does one need to be accredited to see the majority of options or are there a fair amount of options for those non-accredited as well?

At that discount I just may be able to fix this then. Thanks for the information!

The idea is appealing from a moral perspective but from a financial one it's crippling and would set me back a decade, maybe half that time if I got really good terms.