Great video, great accurate information as always. I purchased 3 MHPs in the last 2 years. Mix of POH and TOHs in each. Owner financed the POHs back to the existing tenants, making money on the existing homes without the maintenance and repair costs. Def buy the POHs parks. Increase amenities and rents, refi in 5 years. :) Hopefully on our way to playing in the big leagues in the near future.
ABSOLUTELY! Almost every commercial investor has a full time job and invests on the side. Check out this video on how Dave created a multifamily portfolio part time while he maintained his full time job driving a truck: www.commercialpropertyadvisors.com/how-to-build-multifamily-portfolio/
This video is great Peter I try to join your master class but some other guy answered and I didn't want to commit to all that but you really blew me away with this video because I'm actually in the process of looking at a mobile park with highly motivated seller he wanted 700,000 for 10 units not in the best of shape I talked him down to $600,000 he's willing to do a owner finance I never heard of this master Finance so I'm asking will he do that he wants 20% down I found a hard money lender willing to do the deal he says something about a house hack I sit on the house and wait for it to accumulate interest so I can refinance but won't make really no cash flow was wondering is that good to do
We strongly discourage those types of projects because they always years longer than anticipated, they cost far more than budgeted and once they are complete, the economy is oftentimes in an entirely different state than when the project began. Better to buy existing and update/expand rather than starting from the ground up.
![ง้อ (ALRIGHT) - FOURTH [ TEASER ]](http://i.ytimg.com/vi/ya6MBfo-Wvg/mqdefault.jpg)
Every successful mobile home park investor has a mentor. Get your mentor here: www.commercialpropertyadvisors.com/mentor
Great video, great accurate information as always. I purchased 3 MHPs in the last 2 years. Mix of POH and TOHs in each. Owner financed the POHs back to the existing tenants, making money on the existing homes without the maintenance and repair costs. Def buy the POHs parks. Increase amenities and rents, refi in 5 years. :) Hopefully on our way to playing in the big leagues in the near future.
Thanks for sharing
Love MHP's! Thank you Peter
My pleasure!
Thanks for the video. You look like Morgan Freeman 😅😊
Multiple family I'm coming. Mobile home video was good doe..
Multifamily and Mobile Home Parks are both huge opportunities right now.
I work full time.....is it possible to get into CRE while you keep your current job?
ABSOLUTELY! Almost every commercial investor has a full time job and invests on the side. Check out this video on how Dave created a multifamily portfolio part time while he maintained his full time job driving a truck: www.commercialpropertyadvisors.com/how-to-build-multifamily-portfolio/
Could you do a video on how to analyze if a park is worth buying?
You'll like this video: www.commercialpropertyadvisors.com/how-to-buy-a-mobile-home-park/
Ok
Can you do a video on RV park? Thank you.
Hi I found strat up land for a mobile home parks and I need help
Great video i would love to have a MHP as an investment
This video is great Peter I try to join your master class but some other guy answered and I didn't want to commit to all that but you really blew me away with this video because I'm actually in the process of looking at a mobile park with highly motivated seller he wanted 700,000 for 10 units not in the best of shape I talked him down to $600,000 he's willing to do a owner finance I never heard of this master Finance so I'm asking will he do that he wants 20% down I found a hard money lender willing to do the deal he says something about a house hack I sit on the house and wait for it to accumulate interest so I can refinance but won't make really no cash flow was wondering is that good to do
Are there any Little House parks?
Tiny houses are typically placed in RV Parks rather than Mobile Home Parks; although sometimes a property can have both.
Do you do mentor ships ?
We do! Click here to complete the Protege Application: www.commercialpropertyadvisors.com/protege-program/
Do u have any students who took on a ground up development project?
We strongly discourage those types of projects because they always years longer than anticipated, they cost far more than budgeted and once they are complete, the economy is oftentimes in an entirely different state than when the project began. Better to buy existing and update/expand rather than starting from the ground up.