All Forum Posts by: Paul Stout

It means my fingers are too big for my phone and my auto correct doesn't read my mind correctly @Belinda Lopez :)

I'll look at that for sure Nick.  Are you selling it as a portfolio or splitting it up

Please private message me and I will get you my contact info and we can discuss this further, thank you!

I am looking to purchase mobile home parks primarily in Indiana but I will look at other areas.  I may be able to pay cash depending on the size of the park.  Municipal water and sewer only please.

Laurene Lemanski

708-351-6898

She is very knowledgeable and is an investor herself. 

I am currently seeking mobile home park investments in the Midwest.  I am looking primarily in Indiana but I will consider elsewhere.  I am interested in parks with minimum $200 lottery sand public water and sewer in areas of 50k plus populations and $75k median home values.

I am planning to do my first mail marketing campaign.  I am looking to see what you guys have done that has worked and what has been a waste of time and money.  I am looking for guidance in the following subjects:

Best place to get your list

Best yellow letter company to use

Should I use a yellow letter company

Tips and trick on mailing pieces

Envelope with letter or post card

Flashy with colors and "WE PAY CASH!!!!!!!!!!!!!!!!" or professional and direct

I am looking for multi family properties only.  I am looking for certain criteria on these properties and in the areas where these properties exist.  Ho do I locate these areas efficiently?  In other words will a list provider send me names and addresses for 10-50 unit apartment building owners in the state of Hawaii in areas with median family income over 1 million dollars a year and median housing prices over 100 million dollars?

I have seen the numbers previously mentioned in the South Chicago and NWI areas.  They definitely exist.  However, in the interest of full disclosure, the use of the term "low crime" is definitely not applicable here.  Perhaps low relative to some war zones nearby but certainly not low in general.  There are some great truly low crime areas in NWI and South Chicago but you will not see these numbers there on a regular basis.  NWI is a great place to invest.  Just do your research and realize that there is no fantasy land here or anywhere else.  You trade appreciation for cash flow and quality of tenants here like anywhere else.

I did consider that @William Hochstedler.  I will talk to him later today.  We are only discussing money at this point and it is between me and one other buyer.  If I can get a verbal commitment on the price I will start adding the contingencies to my offer and then negotiate those.  The deal is a good one and I am not going to let it deter me.  He signs new tenants up for 6 months then goes month to month after that.  Worst case scenario I will have to deal with him for 6 months.  Best case scenario the sex offender data on the website is outdated and the offender isn't even there any more.

The offense was child molestation.  There was a conviction.  I have a zero tolerance for anyone with a child molestation conviction on their record.  I know that I have the right as a land lord to reject application for sex offenders.  What I am unsure about are the legalities surrounding the current agreement or how to get them out legally.  If the current owner is not willing or able to evict due to the current lease, I would like to legally evict them.  If they are on a month to month I could simply issue a notice that I am not renewing their lease.  If they are on a longer lease I am considering raising the rents within the limits of the current lease until they choose to leave.  What other options do I have?  Just to be clear, I am not wondering if I should let them stay or not.  I want them out and would like to do it legally and ethically.  I am looking for creative ways to do so.