First close on 2025 with a cherry on top. 44 lots 39 filled 1.2m all city. 25 poh to sell. During close got a call from my broker with another deal in the same market we have been chasing for years. Also 44 lots 40 filled all city 1.1m. Looking like a quick start for the year. Also in dd on a small 16 lot park near my house. 13 at $475 with opportunity to connect to city sewer and expand to 27 lots. 450k. 2 loi out on some winners, one with seller carry. Meeting with an owner next week who wants to retire. Fingers crossed 60 lots in a super hot market. Class a, filled up and below market rents.

86 lot park in Tuscaloosa, AL. $1,100,000 owner financed with 6% IO for 5 yrs. Thank you Ryan and Mike for the coaching!

Excited to have finally closed on the 95 unit I've been under contract on for months! For those of you who have not bought a park yet.. don't give up! This one took me 5 years to convince the sellers to sell to me. Stay persistent and consistent!

Hey everyone I know rent increases can be a touchy subject. I've always had a hard time ripping off the bandaid when it comes to getting rents increases to market. I'm just curious what has been some of the larger increases you've done without major pushback from tenants? @Ryan Narus input would be appreciated! I'm buying a park where lot rents are around 237/month and should easily be easily 300+. I know it's going to be case by case.. but what seems like a reasonable amount to raise to from 237 if the market could easily support 300+?

I have noticed that the percentage I enter into the exit cap rate cell has a significant impact on the amount I can pay for the park. The question is, how do you all determine that exit cap rate? I want to sell or exit at a lower cap rate than I am buying at. For example, if I buy at a 10 Cap on accruals in 5 years, I want my exit cap rate to be 6-7%. I know you have to take into consideration the area and park amenities. Thoughts?