All Forum Posts by: Michael Fortier

Can you say OIL? Oil production was going crazy in that time frame. With oil prices on the decline I would expect to see some of that growth slowing in the oil producing areas. 

It Director at an office equipment dealer.

@Mike Stock I'm glad to see this question. I was wondering about that myself after looking at what I believe to be the same MHP you are referring to. 

Thanks for the replies. Ii tried contacting the owner a few days ago and still haven't heard back. I guess they aren't very motivated.

I went and looked at a 15 space MHP yesterday that was about 45 minutes away from me in a town of about 22k people. The ad said it had 15 sites 6 of them park owned and 70% full. As I drove down the short road that had homes on both side at least 5 of them were vacant (I could tell because they had boarded up the windows) and most of them were in pretty rough shape so its hard to tell if some of the others were vacant as well. I would guess its maybe 50% full. There were dead trees throughout the park. Across the street on two side was an auto salvage yard. It looked like it just wasn't cared for. The park was listed at 150K with lots rents of 175 for TOH and 350 for POHs. By calculators I have seen others use (lot rent  X 12 X #lots X .5 /.1 it comes up at 84K. I certainly wouldn't pay anywhere near asking price for this, but would anyone think it was worth anything to try to turn it around?

@Paul Stout Thanks for more great info. I will check out those podcasts as well.

You can use padmpper.com, apartments.com and hotpads.com to reference the area.

Thanks for all the great advice from everyone.

@Jefferson Lilly I have already listened to that podcast. I will check out the LinkedIn group and the podcast you co-host as well.

 Thanks

@Ken Rishel I recently signed up on Mobilehomeuniversity.com and have been researching whats available there. I have been contemplating getting the home study course. 

Thanks

Hello Tanner 

Welcome to BP its good to see another West Texan here. 

@James Staples 

I understand you are frustrated at your situation but lashing out at people who have actually become successful on their own seems so pointless.