All Forum Posts by: James Rey

Aaron,

We have 5 mobile home parks (bought a portfolio) and one medium (140 units) apartment building.  I don't think you have to start in either one to get to the other.  I did both within 6 months of each other last year (bought the apartment first).  One callout, when you are looking at the MHP; with park owned homes, though your revenue is higher, depending on the mobiles' age, you really need to dial in a much higher expense ratio. Each park is different so I'm hesitant to give you a figure but perhaps someone else with more/longer experience might be more comfortable providing that for you.

Whatever happens, good luck!

James

Hey Sam, I'd recommend partnering with someone on your first deal.  That is what I did and I'm now up to just under 400 units with a couple of deals in the works.  You can do it too.

James

Invest-rockridge.com

Great stuff Wendell!  Way to focus on your goals!