All Forum Posts by: Joe LaFleur

Most of the deal packages can be downloaded from the brokers website. You can analyze these deals from the information provided on the website. Part of a brokers job is to qualify buyers. I recommend you find a partner or three who has experience and funds. You add value to the relationship by finding deals and they add value by being able to execute.

Great response

Don’t seller yourself short. Dream Big and Act Big. Go take Mass Action and Attack your big dreams with passion. All the best.

I Feel you are over estimating your return. I think it will end up being closer to 8% by the end of your first 12 months. But this seems like a good deal; good price per door and good gross rent multiple.

Umbrella insurance is always a good idea. Changing the ownership to an LLC is helpful but may trip a due on sale if you have a mortgage

You want to start with the park owner of the park you are flipping in. Also check out LoopNet and mobilehomeparkstore.com

You may want to consider keeping your money in your pocket. Find a money partner and a good deal, you put in the work and your money partner puts in the money. Today money is way easier to find than a good deal.

This sounds like a pass unless you can quickly increase the rents. If one AC goes out your cash flow will quickly turn negative.

County Property appraiser website is a great place to start. You can search by multifamily zoning.

Congratulations on the most important deal of your life, the first one. I am sure there many more to come.