Challenges?

It’s clear you’ve put thought into your investment, and the challenges you’re facing are common for many first-time investors.

Even on a high interest rate environment  the market has been climbing.

Even if the Fed lowers rates by a full 100 bps over the next 12 months, to 4.25%, the 10-year, in a normalized environment, should be at 5.5% (+125bps over the FFR).

Their biggest challenge was finding a reliable cleaning crew, but once they built a team, everything ran smoothly.Let me share another example.

This market is challenging. 

We were able to refinance with our go to bank at a decent rate in this environment which allowed us to pull out our initial investment and renovation cost.

Mobile home parks often have unique challenges and opportunities, and it’d be great to hear how you’re approaching this one.If you’re open to sharing more about how you found the deal or approached the seller, that would be valuable for others looking to break into mobile home park investments as well.

The Cape also in my opinion is oversaturated with STR's so it's challenging to find a base number of how your property will perform. 

I have seen failed appraisals that when challenged came back better.