All Forum Posts by: Parker Fairfield

Hi BP!

My wife and I have 4 properties in NH (each are in their own NH LLC) with estimated value of 1.18M, with 291k of debt (on only 1 property). 24.6% LTV. For those familiar, the properties are in the Ossipee / Conway area.

The properties are:

- condo, purchased 2016, currently empty as it's on the market (cash to be used for other project)

- 2unit farm house, purchased 2017, longterm rentals, total $2k / month rent

- 3unit farm house, purchased 2016, Airbnb, averages $5k/month

- 19unit motel, purchased summer 2017, rented weekly. We just fired the previous manager & changed the model December 1st 2018. Now fully rented at $4,655/week (and increasing)

CASHFLOW

AVERAGE MONTHLY REVENUE - CURRENT

A) Condo = 0 (for sale)

B) 2unit =$2,000

C) 3unit = $5,000

D) motel = $20,000

Current Monthly Cashflow: $27,000

OBJECTIVE: Refinance the MOTEL property - which for several reasons was financed with a hard money loan.

Contact me for detailed breakdown of all of the above.  I'm a US citizen who has been living/working overseas for 20 yrs ....we are in the process of moving back to the USA as I write this.

our electronic mail addresses are in the image below - to try to reduce spammers.

Thanks!
Parker

Kyle - I sent you a link via SMS

@John Kuo I just saw your post!  Sorry. Timing didn't work 

I'm super interested in this thread - would love to know which are people's favorite Youtube, website and /or pod cast

@Nik Moushon

I am super interested in MHP and Storage Units

I would love to have din somener reference numbers

@Chris Luksha

Awesome

I'll put the next one on my list

Along with joining!

@Chris Carollo has it

You need to only get the list from LoopNet... You can page down without triggering the pay wall

Then memorize the address of the property (if you have superb mouse skills you can try to copy paste, but it sometimes triggers the link and you're screwed)

Then go back to your Google browser and leave the SITE:LOOPNET.COM and the new address details

@Mary D.

Fantastic! I subscribed

More trying to find time to use it

@James Ray

Have you used the conversion kits?

I'm curious which way you went! 

I've got a 19 unit motel which I rent out rooms weekly to local workers (as AirBNB has eaten up all of the affordable housing).

#KILLERTHREAD

#KILLERTHREAD

I'm just starting to look at MHP 

Looking forward to additional posts re: them... .especially setting one up from scratch.