Purchase price: $195,000 Cash invested: $27,200 Sale price: $259,000 Contributors: Peter Vekselman Partner Driven, alongside our partner Seth Choate, acquired a property on Mount Vernon Dr #D in Modesto, CA, for $195,000 on 4/29/2022.

Hi everyone,We own several MHP’s mostly in the Midwest and are actively acquiring.

It's not my personal favorite and I don't focus in 38127 for my own investing but I know the area and have helped my clients acquire some deals here and they seem to love the zip code!

I just implemented it in a rental property acquired.

I have one BRRR under my belt and looking to acquire a second one now. 

They also like to acquire MHP with higher vacancy/ vacant pads (not sure what the industry standard is).

This would only be a 1-2 year plan as I work on building other income streams to leave my first responder job.I also want to acquire lots of SFH and small MFH over there using the BRRRR method as I build more connections.Thoughts on this plan?

I have to explain to the the capital requirements to acquire an asset like that which would be 60k+.For projects under 100k purchase acquired at 80% leverage you can figure needing 25k - 30k in liquidity for all the costs of the life cycle of the project.If you start acquiring in that 150k range, that lifecycle can go to 40k/50k needed to make sure you can handle the down payment, closing costs, holding costs, any miscellaneous costs that pop up and then still have a cushion in the account cause you never wanna be down to you last dollar.One of the first questions I ask new clients is what kind of capital do they have behind them, because that number will determine market and asset class. 

Started using hemlane for a property I acquired recently.

The speaker runs one of the Multi-Family Syndication/Education pyramid concepts  Perhaps it's just geared for investors with different interests than mine but would be nice if they catered to people who just wanted to buy real estate, not be taught they can acquire 100 unit buildings in a pay to play scheme.