Yesterday I closed an a 48-lot park in OH! This marks 6 parks. Thankful to be in this group and mastermind to become a more professional operator.

Guys I have been extremely lucky and most of my calls have gone straight to an owner or an owner's relative who is at least interested in potentially selling their park. That said, most of the time I am also going after sub 30-lot parks in secondary / tertiary MSAs at the moment. What is your hit-rate on calls-to-live-lead?

Looking to purchase a park and wondering if there are any recommendations for banks/lenders on MHP that might lend on an infill project. Looking to put down 40%, but not sure if a bank will lend on a 28 pad when only 8 are filled and 11 are ready for homes. Any recommendations of people for me to call? How are rates looking right now for loans on MHPs?

If you’re following guru’s because they’re rude and brash “experts”, ask to take a peak behind the curtains at their pnl reports. Just closed on a 2 park purchase from a “guru” in my state. Guy charges for masterminds, YouTube and instagram bragger, you know the type and can find him easy since there’s only a handful from my state. Worst pnl reports I’ve ever seen. Historically bad. Elite at being bad. Looked at his entire portfolio. Every park was the same, 70% expenses, and not padded by management fees or veiled kickbacks. His purchase price 3.46m 6 years ago. Down payment of at least 700k and most likely 1.05m. We purchased at 3.3m…65 lots 64 filled bought for under market lot rent pricing. Bragging about cash flow but couldn’t pay his property taxes last year and instead letting the park go to sheriff sale tax lien. Posted his “profit” pics of 500k.. do that math real quick and tell me the profit again? I can tell you with verified certainty that the founders of this group are not influencers selling lies and hopium. Follow this system for profits and actual cash flow. No social media bragging required.

If I’m selling mobile homes for a profit, can I do a cost seg and then claim bonus depreciation to offset that additional income? @Thomas Castelli