All Forum Posts by: Josh Pratt

Normally, I would agree with you on that statement.  However, this is not a nice motorhome.  The person told us they were supposed to start a job in town on that Monday and never came back.  I'm not going to do anything at this moment, but if I do not hear anything, I was simply just wondering what the options were or if anyone has had this situation before.  

Hello,  

I own a small RV park in Texas.  I had someone move in September and paid for that month.  They let my on-site manager know they were going to "take a trip for a birthday party" and have not returned.  It has only been a week since they left, but the guest has not answered any texts.  We only had an agreement over text of what they would pay and no actual agreement was signed.  It's only been a week, but what are my options if they do not return and the RV just sits in the slot?  Any advice?  

Thanks! 

What is your current rate on electric?  I do have three renters plus the house that actually pay their own electric.  

This is definitely more of long-term park.  Half of the residents have been there for years.  $30-$90 sounds about right based on the number of "average" usage.  Now, this is Texas and it's August.  I realize that July-September will probably be peak months due to the heat.  

Hello, 

I recently made the dive into the commercial world by purchasing my first RV park. It's a smaller park with 12 slots and a house. 

My question is about the amount of usage you typically see from RVs on a monthly basis?  I know this depends on the size of the trailers and if you're dealing with a 30/50.  Also, know the time of the year will make a difference.

I was just wondering is anyone has some numbers on usage and rates per kWh?  

Mobile home parks and RV parks both interest me. 

I've analyzed a smaller park (city water) that has always been full.  With the money down, the cash flow would make sense.  

It's certainly an option that's on the table. 

Joe, I've only looked at a few multi-family listings in that area, but just based on asking price versus income I knew there was no point in trying to analyze any further.  

I recently picked up two single family homes locally - one listed and another via a mailer. One is currently leased and the other is wrapping up with a few upgrades.

The whole reason for this post is get suggestions on what to do next. My goal is to amass 30K in cash flow in order to put more attention into my eBay business while also scaling up in real estate. The Temple/Belton/Killeen markets interest me, but I'm not opposed to somewhere such as Waco or College Station or even the three larger markets in the state.

If you were me and in this location, what would you try to do next? Would you continue with SFH, move on to smaller multi-family, or do something different? I appreciate any feedback.

Sorry for the delay in response. I have thought about house hacking with and FHA due to the 3.5 percent down. The real main issue there is I work in a bank of a town of about 5,000 and there really aren't many options and none are available currently. I don't want to move 30 minutes away. I know one option would be to just save a bit more money and go with a convention loan on a duplex, triplex or quadplex in somewhere like Temple/Belton, which is a continuously growing area.

I have actually though about modular home development.  Buy land (in city limits) and place apartment size units (built to IBC). 

Still trying to stay on pace for the $2,500-$3,000 a month in savings for REI and then roll all returns back into investing until I can get out of full-time work.

There is no question that actually owning a park has more appeal on my end.  I don't currently have a ton of on-hand cash, but that is growing currently $2,500-$3,000 a month.  It may just be a matter of waiting until I reach a down payment number.