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All Forum Posts by: Paul Sofia

Paul Sofia has started 3 posts and replied 321 times.

Post: Help valuing Mobile home park

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164


What @Mindy Jensen and @Carlos Carbajal said.  Definitely get educated in this space and you do not want to buy someone else's problems.  If that were anywhere close to being a good deal, it would have been swiped up.




Post: Structuring Financing for an 81 Unit MHP

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

Pm your email and I'll shoot you over a one page questionnaire on the park to see if I can help.

Post: Seeking investors in Charlotte, NC

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

Do you have any dirt yet, Chuck?  If you would like to discuss, pm me your info., and I'll give you a call.  

Post: MH Cashout or sell it?!?!

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

Great deal.  I used to be able to find deals like that in the Charlotte area for manufactured homes.....no more.  Is that an on or off frame mod?

Post: MH Cashout or sell it?!?!

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

If you can find another deal like that or multiple deals, then flip, if not, hold.  

Post: Law change regarding mobile home parks

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

MHP license? Please elaborate.  Here in NC, for example, you must have a license to be a MH dealer or sell MHs as a salesperson.   So

Post: B locations in Charlotte for 150k-200k

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

Normally, you will just find those on a stand alone lot. Developers normally come in and develop multiple multi units. There may be some existing new construction for sale if you check out MLS. What price point are you trying to stay under?

Post: B locations in Charlotte for 150k-200k

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

If you are interested in looking just up 85 in the Kannapolis area, I am doing some new builds ....a lot is going on in the area....

https://www.kannapolisnc.gov/revitalization



https://www.independenttribune.com/news/kannapolis-moves-forward-on-million-deal-downtown/article_bfed8ab4-007e-11e8-bc39-5f9c88c32877.html


Post: High LTC lenders for new construction Central Texas

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

Sent pm

Post: Should you own the MHP mobiles?

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

That should be a concern but there are many other variables when dealing with a MHP.  How much education do you have in the MHP space?