Assuming the developer would pay the same price per square foot for this parcel that they paid for the large lot, it would go for twice what the owner is asking.Assuming this property isn't bought from me by the developer, it would be a great parking lot as it could service the nearby university/hospital as well as provide overflow for the MFR, it could also be potentially be rezoned commercial and be a great restaurant location.I'm trying to find a local commercial developer/investor to talk through options.

Do private money lenders exist in Southern Cal or anywhere for the most park that will finance the deal in its entirety?

The SouthSide group is having a meeting this Wed, 2/4/15 at 6:30 pm at the Piccadilly in College Park off of Old Nat'l Hwy/Godby Rd. 

If there are a lot of people in the apartment, all the time, perhaps you could park nearby and take pictures of them and note the times and dates.

There seem to be a lot of mobile home parks that are being used and these homes are super cheap.

With all the international cash pouring into the market, prices are being pushed up, and in many cases, the local investor is pushed out (we're seeing situations in which international buyers are seemingly ignoring formulas and returns and simply buying to park cash or bet on the rising tide - and multifamily is in high demand).

I've never dealt with wholesalers before but I heard and read that they could routinely find properties for 60-70 cents on a dollar.So, I signed up to be on a buyers list of a wholesaling company that has a good reputation in my market (name is irrelevant at this point).They started to call me the very next day.

Hi All,I'm a new Investor looking for good deals in Mobile Home Parks and small Multi-Family.

@Jessica Sorensen I think if you want cashflow and you have great vision and remodeling skills then take a look at Oak Park/Tahoe Park.

I'm new to investing so i have a few questions about startup.1. how do i go about creating a proposal for getting private money i feel i would be more comfortable going after my first deal if i knew the funds was going to be available.2. is it better to have an llc when trying to get private funds that way im not personally liable3. can i get a ball park figure on average what the lawyer fees would be to set up it up because i'm on a shoe string budget(living paycheck to paycheck)any good advice would be appreciated i feel like such a noobie