All Forum Posts by: Paul Moore

Our investments in mobile home parks are mostly steady right now, but I am not at all surprised.  Mobile home parks are the only asset class (that I know of) that is shrinking in size and increasing in demand.  The next step down is under a bridge, so MHP owners can feel good about the service they are providing. A study out of Princeton said that rents in mobile home parks have escalated at about only half of the rate of apartments, etc. in the past several decades, so Hai, I am not surprised.  

Jamie Smith has a summary book called "Trailer Cash" but that is all I am aware of. I read it and it is a good overview of the business. 

Hi @Zarro Gennaro.  Welcome to the wonderful world of real estate investing!  I agree with others, that you should read all you can, devour podcasts (there are probably about 100 shows dedicated to real estate), follow blogs, etc...  You should also attend the local real estate investor association meetups. 

Then once you've narrowed down what you want to do, you can choose either a (1) paid coach or a (2) apprentice-style mentor (should be nearby). 

@Brad Hales. Great advice from Carl and the others above. Have you checked into doing a Solo 401k? Many of these providers offer these as well as a Roth or SEP IRA, and they can provide more opportunities to avoid taxes.

My firm passively invests with some of the top US self-storage operators. We are seeing an uptick in rentals at facilities with online portals, especially those near colleges. 

My advice would be to start smiling and dialing to find small mom-and-pops that are interested in selling their facilities.  It will take a lot of calls, but it should pay off if done in large quantities, consistently. Mailers would go hand-in-hand with calling. 

If last recession is any indicator of this one, mobile home parks should do better than most.  I admit that this recession seems different from the 2008+ one, however.  But this chart encourages me. 

Carol. 

I agree with Kim. The best way to succeed in syndication is to have a Tribe of followers who are ready to invest in your syndications. This takes time and effort. If not, you may be able to get funding from friends and family who know and trust you. You can form an LLC with them.

Best of Luck! 

@Justin Dillon please PM me and I'll have someone on my team follow up with you with the eBook! Thanks.

Hi Mark.  Looks like we are neighbors.  I live a bit east of Roanoke. Yes, I have an eBook on mobile home parks available.  Anyone can reach out to me at my BP profile to get a copy. Thanks. 

Hi @Svetlana G.

As you know there are so many syndicators of all types out there. We have a very long process for vetting syndicators. To do it right takes so much time, possibly months or years. This is someone you will be entrusting your money to for 5-10 years. It is important to take it slow, especially at a time like this where the economic future is very uncertain. Feel free to message me and I'll send our syndicator due diligence process document to you.