All Forum Posts by: John Boutros

Rent manager 100%. 

I'm going to assume you're looking for MHPs...There are lots of opportunities, but depends on your buying criteria. I've found if you're just getting started, surveying the market and their associated CAP rates with public listings via brokers is not a bad start. Different geographies command different prices. Although the past 2 years MHP prices have skyrocketed with unrealistic price tags. Prices cooling off now.

Best deals I've found and acquired are off-market. This takes a ton of work, follow up and marketing to do properly, and get the right deal-flow going. Hope that helps and goodluck. 

 Maybe a neighborhood park :)

 Im targeting the Northeast, Midwest and starting in the South. Are you in the space?

 Thanks Taylor! 

Hey everyone! I am currently seeking a silent cash partner to fund the purchase of mobile home parks. I do all the leg work, you provide the funds. If you have money sitting in the bank, gaining 0.1% interest, this could be the perfect opportunity for you.

 Hi Tanh,

Great post! I agree with a lot of these points you made. Ironically, my partner and I find off market deals, with partners, add-value and so on... what we found is that you can RUN towards wealth creation when you're working with the right people, with the right deals in real estate. Curious to find out more about your journey. Great post!

-John

 Hi Mario. Thanks for the response! 

I've completed my first investment this way actually, so I am pretty familiar. I am looking to expand my reach with other partners as well to acquire more parks at a faster rate. 

I also requested to join your FB group, thank you!

-John

Investment Info:

Mobile home buy & hold investment.

55+ Mobile Home Park

What made you interested in investing in this type of deal?

MHPs are cash-flow monsters, especially when found off market at the right price!

How did you find this deal and how did you negotiate it?

Off market through our own marketing.

How did you finance this deal?

Partnership.

How did you add value to the deal?

We do all of the work to infill the remaining vacant pads, and operate end-to-end to ensure smooth operation of the property. Optimize expenses and rents.

What was the outcome?

Phenomenal positive cash-flow and forced appreciation.

Lessons learned? Challenges?

Tons!

 Hi Will, Im mostly marketing within niche MHP groups. That's true with the assignment fee. Any ideas on places where I can connect with investors? Thanks!