How to Finance a Mobile Home Park Investment
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- Опубліковано 6 чер 2024
- You're about to discover how to finance a mobile home park investment. While the cash flow and forced appreciation from mobile home parks can be incredible, financing can be much different than multifamily or other commercial real estate. In this training, you'll learn what every investor needs to know about the different ways to obtain funding for mobile home park investments. Learn more here: www.commercialpropertyadvisor...
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0:00 Why Invest in Mobile Home Parks?
1:24 Financing Mobile Home Park Investments: An Overview
4:06 Small Park Financing: Loans Under $1 Million
9:51 Creative Financing for Mobile Home Parks with Challenges: Master Lease/Seller Carry First/Hard Money Loan/Bridge Loan
16:51 Large Park Financing: Loans Over $1 Million
23:56 How to Finance a Mobile Home Park with 50% Vacancy
25:04 How to Finance a mobile home park with park owned homes
26:20 How to Buy Your First Mobile Home Park
26:59 Questions or Comments? Text PETER to 833-942-4516
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!
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/
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/
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
Great video i would love to have a MHP as an investment
Multiple family I'm coming. Mobile home video was good doe..
Multifamily and Mobile Home Parks are both huge opportunities right now.
Do you do mentor ships ?
We do! Click here to complete the Protege Application: www.commercialpropertyadvisors.com/protege-program/
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 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.