All Forum Posts by: Matthew Thomas

Good morning all. I will be buying a small MF in Savannah, GA in the next month or two. I plan on hacking one of the units for a short time while renting out the other(s) as well as any extra bedrooms in the unit I plan on living in. I wondering if anyone might have some recommendations on who is skilled at property management in this particular niche in the Savannah, area. Any recommendations would be greatly apreciated.

@Alina Trigub Thank you!

Hello all, I am currently working to break into the world of Mobile Home park (MHP) investing. I had a walk through on a partial park last week that is currently producing an NOI on 11 units of over $70k a year. The owner owns all the trailers and the lots free and clear so the NOI is a bit inflated. The Park is $450K and comes with 11 leased units and 4 other lots that can be added onto. In addition for another 50K they are offering 6 more acres of land that can be cleared for more homes as well as another 20 acres and an island home on the Marsh for a still undisclosed amount. All homes are on city utilities and are all paid for by tenants. I'm not sure how to go about finding a loan for this property or where to find an analyzer for a MHP. Also where does one go for insurance on something like this? Any sources of education that would be recommended or help would be greatly appreciated.

The 450 address is where the meetup will happen on saturday? 

That's wonderful, I appreciate the info. 

Does anyone know of any meetups, or REIA in the Southeast Alabama area? I'm at Fort Rucker looking to connect.