All Forum Posts by: Jose Alvarez

@Bjorn Ahlblad thanks for your insight...I'll work clearing things up.

@Michael Le thanks! Yes cash flows were to derive sale price. There has not been any new duplexes built in our area since the 1980's, so comps were not the best. Those units were averaging $180k/per side. Maybe I am pricing these too low and that's why the margin is slim? I also ran the cashflows to make sure it would make sense to a potential investor. Good point on the sale costs.

$2,200/month and there are 4 units

@Mike Reynolds is pretty much right on. We full time in our fifth wheel and are in north central FL. Our rig has two AC's and we keep it on the colder side, bill averages $150/mo. We have a gas furnace, but in the winter we find a good electric tower fan space heater and the rigs electric fireplace keep us more than comfortable. If it dips down in the 20's I may kick on the furnace for a few minutes in the AM. We are on private land now, but the last park we stayed in, electric with water ran us about $195/mo on average. Hope this helps!

So after years of studying real estate investment (and also years in site development) I have what I think is a nice deal put together/under contract, and it looks good to me! So why when I show it to potential investors is the response not as enthusiastic as I imagined it would be? On BP they say "if the deal is good, the money will find you"...certainly not my personal experience thus far! Is it how I am presenting it? Is my math off? At the risk of getting a royal public smack down, I am going to provide a link to what I send out to potential investors in hopes that the feedback will be a help to others as well as myself. So here it is Investor Package what's wrong with it? Thanks!

Thanks Justin! I responded and I am looking forward to speaking with you.

We are developers and General Contractors in Florida and we are looking for a financial partner to help us develop/re-develop RV and Mobile Home Parks in Florida. The industry has seen tremendous growth in units sold and people taking to the roads year after year, but the number of available lots has not grown at the same pace. Our concentration would be in the Volusia and surrounding counties as far south as Orlando and as far north as Jacksonville. Other areas of the state will also be considered if the deal is right. We are looking to develop smaller projects 100 lots or less. We will handle all entitlements and construction in house. We need a strong partner, preferably someone with RV'ing experience that understands the industry like we do, to help us get our projects from concept to operation. We are open to either a fee based or shared return partnership.  For more information, please e-mail me at [email protected]

Ray the quick answer is to go into your county's zoning website and look at the allowable uses for your zoning classification...many times it will be listed if it is an allowable use. If that doesn't work, contact a local civil engineering firm, tell them what you want to do and have them do a quick feasibility study for you. You will need their services if you can move forward, so most will do this initial query for free for you. I can tell you in my area RV parks require a special exception and you have to go before the board of commissioners, etc etc. However, I have heard that north Florida can be a bit more lenient. Good luck and feel free to reach out if you have any other questions.

@Nicole Heasley Beitenman - Thanks...a great point and a simple thing!

@John Thedford - Keep dreaming my friend!

Thanks for your two cents Marcus, all good points!