Ryan and I are looking to TENTATIVELY host a meetup in NYC (or close by in Jersey) in June! If you are local to the Northeast, please mark your calendars and answer the poll if you'll be able to make it!

I'd love to get the group's thought on this... our Wisconsin park deal is at a standstill. We just learned the county's system had a cyberattack and searching prior to 2021 is impossible. Apparently no one is insuring properties in this county until the system is rebuilt (maybe next year). No bank will loan without title insurance. Here is what our lawyer is suggesting: "do a master lease option through the next two years where you operate and pay the seller for the master lease until title can be obtained and then have (and exercise) a purchase option in the master lease that can be recorded along with the memorandum of lease. Usually this would be around the amount of the underlying debt service if the Seller has a loan or a seller financing payment amount but could be as little as $0 as long as you pay the mortgage." This does not have a mortgage as these are the original owners since 1993. This is the only way I see to get this deal done. (As of now, the sellers are refusing any type of seller financing...) Anyone have any thoughts on this?

I'm helping a friend sell his park in Kingsland, TX. This is two parcels, but he's selling as one "park." This is a fully stabilized asset. $6,000,000 with a $3,000,000 seller finance option (6% with 5 year prepayment penalty) 18 Covered RV Sites @ $650 / month 46 Mobile Home Pads (fully occupied) - 23 POH, 23 TOH (all 2000's) $556,000 income $120,000 expenses (estimated) Monthly Expenses 900 electric (but most is billed back to tenants) 3,000 water (city) 800 sewer (city) 1,200 landscaping for two parks 1,000 property taxes tbd trash 450 internet, cable, phone 2,900 insurance 2,400 maintenance Please reach out if interested and I'm happy to provide more details.

Hi friends! We're looking for one more JV partner to round out the team on a beautiful 42 pad mobile home park in Wisconsin! 15 TOH, 15 POH and 12 vacant lots set up with infrastructure. I've been on site twice and am currently performing due diligence. Send me a message or text / call for details at 936-444-7853 if interested!

Has anyone completely demoed a park in phases? I had a deal brought to me in Texas in an awesome area. I’ve seen some rough parks, but this is a complete junkyard. 11 occupied POHs and 24 vacant homes. This park is in a growing area and down the street from 5 mobile home dealers (2 of which I personally know and used to work with.) My thought would be to slowly demo the homes, restructure the pads and work with the dealers to fill the pads. I’m just not sure how I would get a loan on this property? Any thoughts here?