• Purchased directly from a mom-and-pop operator off-market• Secured $1M credit union loan and raised $500K equity to close• Existing owner had inflated expenses and below market rents• In-place rents approximately 30% under market at purchase• Expense ratio at least 10% above the norm How did you find this deal and how did you negotiate it?

Feels good to have finally taken action!! 

The problem is not only that existing tenants suffer, but that local government will be pressured to pass legislation that will be extreme and engulf well run parks into spending unnecessary expense and complying with rules designed to provide residents with services they don’t want.  

The existing farming operation would essentially be our "tenant". 

This can help you estimate repair costs for the property itself and get a feel for the neighborhood. 

NOT at all, actually makes the buyer feel more secure.

Any questions at all feel free to reach out. 

Residents are fighting new industrial developments thereby raising the value of existing industrial buildings.

Most guests are very understanding that maintenance needs to be done.Just talk to them and feel out the situation.You could schedule the minisplit for a turnover day.

Feel free to message me and I can point you in the direction of a few other options.