All Forum Posts by: Thomas S.

Knowing your market is key to the real estate business regardless of the vehicle you invest in.

I buy and flip in a MH market that generally sees renovated mobile homes sell in the $60,000 to $80,000 range on a consistent bases. If you want to be successful you must work with the manager/owner of the community. To do otherwise is a very poor business practice. Success depends on following the process not trying to figure out how to circumvent it. Working within community rules is simply part of the business you are entering. The community manager/owner is your silent partner in every transaction you do. If one community doesn't work move on to the next. 

Think of MHCs like a fenced yard with a very large dog. There are plenty of ways to get to the front door of the house but your choice has a major impact on the outcome. It may simply be a no go, you may chose to enter uninvited and suffer serious injury or you can make nice and actually be allowed to leave unscathed. 

I do not see any possible profit margin in this business plan. Between lot fees, operating expenses and financing/value of equity there is no possible way to show anything but negative cash flow.