All Forum Posts by: Juan Vargas

I was quoted about $400 per month with 4 months free on a 12 month commitment. This is in the Houston market. 

You can contact Kevin Bupp at Mobile Home Park Academy. He’s active in the mobile home park space. 

I completely agree with @Bruce Petersen. Since you have the financial means I would say go for it. I would recommend partnering with someone that has experience and learn as much as you can from him. Another idea is to partner with a property management company which creates an alignment of interest. 

Wehner Multifamily, Allied Management Company, City Gate Group. I have not used them personally but they have a great reputation in the DFW market and they also manage in OK. Hope this helps. 

I would say it depends on your goals. If you want to stay at your full time job then investing passively may be a good option and won't require much of your time. On the other hand buying smaller properties (under 50) units or so can be time intensive if you don't have a third party property management company. Think about what your goals are and go from there. 

I have it and use it consistently. Highly recommend it. 

@Benton Moss No I definitely do not mind. I'm happy to help any way I can. 

@Benton Moss Thanks.

I did a hand written direct mail campaign and the owner called me. It's located about 30 min from me and I saw value in increasing the rents after rehabbing the units. It was financed through a local bank, although I did try for seller financing. Seller was ready to retire and just ready to get out.

Definitely keep educating yourself and don't get overwhelmed. Find your niche in the commercial space and stick with it. Above all else DO NOT give up.

I think these questions really depend on you. Some guys never really feel comfortable jumping into commercial and stay with residential. Others jump right into commercial. You really would have to start with educating yourself on the many ways to invest in commercial. I started with 2 sfr before I jumped into a 32 unit multifamily property. It was only because I thought that we all had to start with single family first before even thinking of multifamily. Looking back and if possible, I would have started with multifamily from the start. Think big.

I would try direct mail. You never know when someone decides to sell. Situations change for owners so staying consistent with direct mail campaign is very important.