All Forum Posts by: Mark Rechkemmer

 Thanks Frank.  I ended up finding a homeowner occupant who bought it for $1000 and will renovate and live in it.  

I have two trailers that are fixer uppers that I'm willing to donate to a church/non profit, but need to require the trailer remain within the MHP for a period of time or it can be a significant financial loss.  For those MHP owners out there, what is reasonable amount of time to require they remain in the park?

Post it for sale on Craigslist and Facebook Marketplace.  It should go quick

 Kyle,

I'll give your advice a try.  Was this an easy or difficult proposition for the district manager?  Was there anything you said specifically that influenced the DM to place trailers for free in your park?

thanks

Apologies, I don't know if I ever responded back.

Thanks Frank.  We actually spoke 2 years ago regarding a different MHP that you evaluated for me.

I own a 40 unit/pad MHP with 8 vacancies and looking for creative strategies for filling lots that doesn't require capital on my part.  I have already reached out MH dealers for used trailers and they will share my park info if clients are looking for a place to move their trailer to.

Any creative strategies out there such as linking with MH flippers to place trailers in the park and rehab/sell them there to owner occupants, etc?

Your local banks should be able to lend on the land only and any POH that have foundations (aka affixed to ground). 5 year amortized 20 years

I would like to purchase a mobile home trailer from an individual that is currently renting a lot in my MHP using my self directed IRA. The MHP is held in an entity with a partner and not in my name. The goal would be to fix/flip the trailer in my name/IRA. If I'm not collecting any lot rent during the renovations/time to sell, would I still be considered a disqualified individual?

The IRA custodian stated I would be a disqualified individual and another more experienced investor disagrees. Advice please.