All Forum Posts by: Shaun Stephens

It's been said over and over that 12k houses can be sketchy. I live in southern Ohio and see alot of these. We do buy them from time to time, but it's typically too wholesale to someone who wants to either put in the work or manage lower end tenants. My suggestion is find someone to partner with who is local and knows what they're doing! I decided a while ago that I want to buy nice homes in nice neighborhoods to build wealth. Those crappy homes in bad areas are great for cashflow if you don't mind the headaches, but in just a bit more expensive market the aggravation level goes down significantly! We're currently buying at 40-75k and getting homes that rent for $750-1000 mo. 

Send me a pm if you'd like to discuss ohio investments. I'm in a submarket and doing very well at it. Southern Ohio has been very good to me over the past few years! 

Yes there are! Hi there Allyssa!

 Hey, i'm from Chillicothe and doing a pretty good amount of business every month between flipping, rentals, mobile home park, and business. Would be happy to get together for lunch or something and discuss.  I've built a 3m business with $0 cash. I'm sure I can give you some direction to get a fairly quick start if you're interested. 

Hey! There's a lot of people in the business here in Chillicothe, but most are older and still haven't found biggerpockets after all of my recommendations. Maybe I can help you get to that first deal! 

Either way, Good Luck to you! 

I've got a 48 space MHP in Chillicothe Ohio. Currently we are tearing down several older homes and i'm looking for options to fill up about 20 spaces pretty quickly and another 10 long term.

Is this a recurring meet up?

Recently purchased my first mobile home park and it has a ton of issues. The one we are talking about today is lack of titles for homes. We are working thru the abandoned title process, but have interested parties wanting to rent the homes and fix them up. I know several other park owners who just rent the homes without titles and go on about their business. But I'm pushing forward with trying to get titles. Just trying to figure out how to word it in a lease or purchase contract or what it should be called. I want to sell these as I get titles for them as I don't believe the park should own homes. I thought about something like a broken up payment for a net lease(Pay a total of $2,500 and then you get to live in the home and only pay lot rent as long as you're living within park rules). I'm looking for as close to ownership as possible, but unable to move from the park incase I can't get titles. I do intend to have the conversation with the tenants that I don't have titles yet and will work to get them, but would like to put that in writing somehow. Any thoughts would be appreciated!!

That's what I've done thus far. But I'm up to about 17 of them and its getting to be a little much.  I  just found a free software called Zimple money I may try out. 

Ok thanks guys,  I'm mostly just looking for a better way of tracking private money loan amortization as the borrower. I am the lender on a couple, but the borrow in many more cases. I can't believe there's not an app available to do that .