Discover how you too can acquire a trophy asset like Gilda through our mentoring in our Protege Program: www.commercialpropertyadvisors.com/protege-program
👏🏾👏🏾 Praise the Lord! Gilda I was on the call listening to your questions for your deal! I’m so proud of you and encouraged, you have done an awesome thing by adopting your beautiful 4 children.
Mobile home park advice. You do not want to own the mobile homes and be responsible for maintenance as the park owner. You just want to lease the land and maintain the infrastructure. Even if you are purchasing the mobile home to get the park filled, you should try and sell them rather than rent them. Manufacturers as well as third party companies finance mobile homes.
How would you insure your long term investment strategy kept it's value, if you sold the mobile unit? Specifically; the control of how the property would be maintained? If someone else owns the mobile home, they could potentially rent it out to someone who may not maintain it, and thus lower the values (potentially) of the other homes
@@ahakim007 When you don't own the home, you really shouldn't care what it looks like on the inside. All you want as the park owner is to get the lot rent. You can have standards for maintaining the exterior, requiring skirting, requiring lawn care, rules against junk and disabled vehicles, etc. If the owner rents their home to someone else, it's still the owner's responsibility to pay you. You definitely do not want one person to own more than a couple homes in your park renting them out, however, because then they have leverage over you and can make your park much less valuable by moving all their homes out if you raise the rent or complain about their tenant causing the park issues. Most experienced MHP investors will tell you that owning and renting the homes is a maintenance nightmare, and often the cost to repair the units when people move out offsets the extra income. If you have to evict a tenant, they will often trash the place intentionally before being evicted, and the repairs can offset all the income you made renting to them, if not more. As such, when buying a park, if the park owns some of the homes, you should only be capitalizing whatever the lot rent is, but not the actual home rent portion of it. Only pay cash for the value of the park owned homes and immediately try to sell them to the tenants. It will make the park much more attractive to the next buyer.
Very good people, I like them very much, but I have a little question, the value of mobile home park lies in the land, is this income only from land leasing, or does it include the income from renting houses? 224,400 income, averaged to 22 houses, the monthly rent of each house is 850, this is likely to include the rent of the house and not just the land, unless this is around big cities such as California and New York; no offense, thank you
Hi everyone thank you, all for teaching. Please read Revelation 3:5-7, Hebrew 11: 28, Matthew 4:7, proverb's 22: 22-24, 2nd Timothy 22: 22-24, 1st samuel 5: 6-7, Philippians 4: 6,7. Exodus 8:21,22. Proverbs 4: 27, 26, 25, 24. John 4:10, proverb's 14:12 (Revelation3: 5-7. Revelation 13, proverbs 4:27). Thank you, all for everything have a good day, and please share these scripture's with everyone.
Hi, Peter. I’ve reached out at least twice through your website and I haven’t heard back yet from your team. I’m interested in becoming a mentee Can you respond to my inquiry, please? Thanks!
Wait, maybe I'm not doing the math correctly. As I see it, she's winding up with a mortgage of 1.265M. So, even if she put all of her income back into the property, it would still take her about 10 years to pay it off. What's her actual cash flow? Even after three years, a cash out refi would only yield $150,000. I realize it's the "long game" that you should look at, but now I see why Peter says to only buy the lots and not the homes. Also, all of that site work and sewer installation for only $35000? I haven't seen those prices in 20 years. I don't wanna discourage you Gilda, but I don't want you to get in trouble either. Make sure you know the real numbers. Or, did I miss something?? Please explain. Thank you Peter and Gilda!!!
Discover how you too can acquire a trophy asset like Gilda through our mentoring in our Protege Program: www.commercialpropertyadvisors.com/protege-program
👏🏾👏🏾 Praise the Lord! Gilda I was on the call listening to your questions for your deal! I’m so proud of you and encouraged, you have done an awesome thing by adopting your beautiful 4 children.
Thanks for sharing Gilda!! Congratulations!!🎊🍾🎉 ✊🏾💯
So so happy for you, Gilda! Go girl!
What a Beautiful and inspiring story. Congratulations, Gilda on an awesome accomplishment 👏. Blessings to you and your family.
Gilda Thank you for shining that Golden light and inspiring us.
Congrats Gilda! Great job. More on the wayyyy!!!
Congratulations.....the knowledge you will be able to pass on to your children is omnipotent. Worth more than ANY college education.
Gilda you are a blessing so you will be blessed. Congratulations!
Love this. Inspirational. Good luck to Gilda!
Rock on Gilda, God bless you and your family!! Hallelujah!!!
Very inspiring story! Courage, vision and hard work for a better life. Thank you for presenting this.
Congratulations Gilda🎉🎉👏🏿👏🏿
Gilda Congrats!!! I hope I can do the same someday. You give me hope.
Congrats!! May God continue to bless you!
Congratulations Gilda and very inspiring
Congratulations Gilda! Well done!
Gilda, you're a flipping genius, sis 👏🏾
lets gooo congrats queen to your victory i will be on this channel one day commercial real estate is the play 🏢
Congratulations Gilda 🎊 👏
This is awesome!!!!
Congratulations Gilda!
Amazing lady. Wish you more success for you and your family.
Congratulations to you Gilda
😊Great job! Gilda super!!
Awesome! Thank you both!😊
Our pleasure!
Congratulations!!! I’m next! 🙌🏼
Mobile home park advice. You do not want to own the mobile homes and be responsible for maintenance as the park owner. You just want to lease the land and maintain the infrastructure. Even if you are purchasing the mobile home to get the park filled, you should try and sell them rather than rent them. Manufacturers as well as third party companies finance mobile homes.
How would you insure your long term investment strategy kept it's value, if you sold the mobile unit? Specifically; the control of how the property would be maintained? If someone else owns the mobile home, they could potentially rent it out to someone who may not maintain it, and thus lower the values (potentially) of the other homes
@@ahakim007 When you don't own the home, you really shouldn't care what it looks like on the inside. All you want as the park owner is to get the lot rent. You can have standards for maintaining the exterior, requiring skirting, requiring lawn care, rules against junk and disabled vehicles, etc. If the owner rents their home to someone else, it's still the owner's responsibility to pay you. You definitely do not want one person to own more than a couple homes in your park renting them out, however, because then they have leverage over you and can make your park much less valuable by moving all their homes out if you raise the rent or complain about their tenant causing the park issues.
Most experienced MHP investors will tell you that owning and renting the homes is a maintenance nightmare, and often the cost to repair the units when people move out offsets the extra income. If you have to evict a tenant, they will often trash the place intentionally before being evicted, and the repairs can offset all the income you made renting to them, if not more.
As such, when buying a park, if the park owns some of the homes, you should only be capitalizing whatever the lot rent is, but not the actual home rent portion of it. Only pay cash for the value of the park owned homes and immediately try to sell them to the tenants. It will make the park much more attractive to the next buyer.
❤keep going!!!!
Smart. Lady. Investor 🎉 congrats
I love these videos
Awesome person with a awesome deal!!❤ 💯 🚪 in 3 years that’s doable. I’m going to go for that myself
Gilda, May our Heavenly Father continue to smile upon you and your family. Stay Blessed. Thanks.
Awesome...Gilda...Thanks Peter
Congratulations!!!
Go Gilda! Inspired *****
That's Mind Blowing - 100 doors in 3 years!?!? How is that possible?
Was the 100 doors under your mentorship?
Congratulations Gilda
Congratulations 🎉
Great energy
Thank you 🙌
That's awesome congratulations 🎉💝😂
Continued blessings!
Amazing
Work that DREAM!!!!!!!
Plz give us an update from this lady!
How is this going now a year later?
Very good people, I like them very much, but I have a little question, the value of mobile home park lies in the land, is this income only from land leasing, or does it include the income from renting houses? 224,400 income, averaged to 22 houses, the monthly rent of each house is 850, this is likely to include the rent of the house and not just the land, unless this is around big cities such as California and New York; no offense, thank you
That's what I like to see
Way to go
keep up and repeat
a bit late but congratulations.
Hi everyone thank you, all for teaching. Please read Revelation 3:5-7, Hebrew 11: 28, Matthew 4:7, proverb's 22: 22-24, 2nd Timothy 22: 22-24, 1st samuel 5: 6-7, Philippians 4: 6,7. Exodus 8:21,22. Proverbs 4: 27, 26, 25, 24. John 4:10, proverb's 14:12 (Revelation3: 5-7. Revelation 13, proverbs 4:27). Thank you, all for everything have a good day, and please share these scripture's with everyone.
Hi, Peter. I’ve reached out at least twice through your website and I haven’t heard back yet from your team. I’m interested in becoming a mentee
Can you respond to my inquiry, please? Thanks!
I can pass this message along to my team; what is your name?
aargh! it's pronounced Reel*tor not Real*a*tor! It's like hearing people mispronounce nuclear as Nucular!
Many peoples home security shouldn't be someone elses gold mine. Discusting human behavior.
Wait, maybe I'm not doing the math correctly. As I see it, she's winding up with a mortgage of 1.265M. So, even if she put all of her income back into the property, it would still take her about 10 years to pay it off. What's her actual cash flow? Even after three years, a cash out refi would only yield $150,000. I realize it's the "long game" that you should look at, but now I see why Peter says to only buy the lots and not the homes. Also, all of that site work and sewer installation for only $35000? I haven't seen those prices in 20 years. I don't wanna discourage you Gilda, but I don't want you to get in trouble either. Make sure you know the real numbers. Or, did I miss something?? Please explain. Thank you Peter and Gilda!!!
Congratulations 🎉