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152 contributions to The MHP Pros Mastermind
3 likes • 3d
Already booked
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6d •
Have you submetered your parks? If not, why? If yes, what was your biggest challenge?
Talk to me about why you have not submetered or if you have, what was annoying about the process.
2 likes • 5d
@Michael Pansolini so far we’ve used the meters the local utility requires. We are able to sub water and get the city to bill tenants directly in several markets
1 like • 5d
@Michael Pansolini when it’s available it’s the best. I wish I could have that option in all my parks
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6d •
Was / is fear of "Cringe Mountain" or embarrassment / judgement from others a major hurdle for you in getting started?
This is something I massively struggled with at first. Not sure if anyone else feels similiarly. Please share your experiences. One of the major hurdles was letting go of my W-2 identity and "burning the boats" on my linkedin, meaning starting to change my banners / job title / etc to more align with Real Estate Investment versus what it was originally --> a signal to recruiters to reach out for other job opportunities and to post about my promotions once every 3 years 🫠
1 like • 6d
Mine was leaving a business that netted me 6 figures for 15 years to do what I always wanted but not knowing if the money would be there.
1 like • 5d
@Michael Pansolini very difficult.
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7d •
What is the one thing you find in diligence that typically makes your want to drop the deal?
For me it's really tough tenant base....what about you?
2 likes • 6d
I have only ever dropped deals bc of tenants. About everything else is fixable. I’ve dropped some killer deals bc I drove through on a random Tuesday at 11am and the park is full of non retirement age people drinking, smoking and causing problems.
10d •
Build a park?
Does anyone have experience building a park from scratch with a raw piece of land? I’m being asked to advise on an interesting project.
5 likes • 9d
I’m in a very cheap market and a market that’s friendly to parks. I’ve seen about 12 be built in the last 5 years. All are choking on debt. I don’t see any way I would ever do it. It will always cost more than buying an existing park. Day one cash flow overrides speculating on possible future cash flow
2 likes • 6d
@Brandon Hampton I own the entire work flow. Plumbers, electric, dirt work etc and the numbers don’t work for me. If it cost me 200k to create a 30-40 lot park, plus land, permits etc but I can’t make money day one then why do it? I can buy the same park with that money and cash flow day of close
1-10 of 152
@caleb-hogan-9067
I am a real estate investor, capital raiser and syndicator in the mobile home park space. 60m in aum, 1000+lots with a goal of 10k
Active 2d ago
Joined Dec 11, 2024
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