All Forum Posts by: Markus Ennis

@Caleb Heimsoth I didn’t think it was that bad because say it’s a 600,000 property they are getting 300,000 worth for 150,000. But that’s why I asked so thank you I’ll have to re adjust

@Russell S. Thank you

@Russell S. So your saying as just a straight business deal you think it’s a good deal for the person putting up the money? Is so thank you glad to hear.

@Russell S. Yea sorta but there only paying 25% of the price of the sale.

@Alex G. At them moment not much. My great uncle is the one that is trying to got me into it and is interested in trailer parks now as well. And he has got me into them and I’ve done a lot of research but no hands on experience. That’s why I’m looking to see if this is a fair offer. I have found a few deals that this will work for me as even paying the entire mortgage myself each month I will be positive cash flow and of corse him not having the mortgage will be even more so.

So not that much but that’s why (him being able to of course) putting the 25% up front paying that much he will own 50%.

Just wondering if this sounds like something he may take interest or something that anyone has ever done something similar.

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I have 3 parks that’s I’m making these presentations for all different price ranges for him. So of course the more he would want to invest if he does the more he’s ideally getting from the other 25%

So I’m looking to become an investor with little to money down but have family that are investors and all say should do more commercial. So since I don’t have much to offer yet I was planning on offering them this but want to see if it sounds good and get opinions.

So of course I’m going to show them the mobile home park and all the details I’ve gathered but I’m offering them to pay 25% up front and the closing cost and the other 75% will be mortgage and after the 50/50 net income each month from my half the mortgage will come out before anything else and I will pay that all off.

Opinions?

Hello so I am a new investor. I am currently doing a lot of research and have been for months. I am currently putting a plan together and getting into it with little to no money. My uncle who is an investor and well off may be part of this and I plan of offering him this deal if it makes sense but need to know if it would sound good to him first. THANKS!

So I plan on showing him everything in the sit down but basically asking him to put down 25% down cash on a trailer park and covering all closing cost and then the other 75% will be on a 20 year loan that I will pay. We will be 50/50 patterns and after everything is split down the middle net I will pay the mortgage each month of course. It makes sense to me as I will still be making money each month and I can start building capital without needing to put a lot down and he basically get 50% of the park for paying 25% up front.

Thoughts?

Looking at different trailer parks and a lot seem to be in Florida and mainly full. My worry is how bad are they affected by hurricane season and if so how hard is it to replace or keep tenants with lost or damaged homes