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71 contributions to The MHP Pros Mastermind
Section 8?
Has anyone bought a park with all Section 8 tenants? How does that work through the sale? Would you be concerned in buying a park that makes a lot of sense on Section 8, but not sure how well it might do if it wasnt for Section 8, if that makes sense?
2 likes • 9d
From what I gather, for section 8, it would be POH. I would run the numbers with how it's doing as all section 8 tenants and then also run the numbers to see how the numbers are different with non-section 8 and converting the homes to TOH. That would help you figure out if there should be any financial concerns. If the numbers are better as non-section 8 TOH, that would work better for me personally since it would be more passive than POH.
3 likes • 9d
I agree with @Michael Pansolini . Really depends on the seller. That being said, if the seller doesn't care about time frame, I typically aim for somewhere between 2-7 days to get a response. Mostly leaning on the shorter time frame.
🏠NEW RESOURCE: Infill Cost & ROI Calculator!
Just dropped a new tool! The Infill Costs & ROI Calculator! This spreadsheet helps you model out the FULL economics of adding homes to vacant lots in your park: What it calculates: • Total home purchase costs (base price, options, shipping, taxes) • All CapEx line items (footers, block & level, tie-downs, skirting, deck, refurb) • Land improvement costs (electric, water/sewer, pad prep) • Market affordability analysis using your local MHHI • RTO vs Chattel financing scenarios • Complete ROI projection based on your hold period Pre-loaded with real examples: • Clayton TULIP (2bd/1ba, 12x48) • Clayton BUTTERCUP (1bd/1ba, 12x36) • FEMA units The math accounts for lot rent NOI, home rent income, tenant payments, and capitalized exit value at sale. How to use it: 1. Make a copy (File > Make a copy) 2. Plug in your actual costs and market rents 3. Adjust the hold period and exit cap rate 4. Compare RTO vs Chattel returns Stop guessing on infill deals and run the numbers.
🏠NEW RESOURCE: Infill Cost & ROI Calculator!
1 like • 9d
Can't wait to dive into this!
Counter Offer Suggestions
Seeking feedback/suggestions on a counter offer. Original ask price $335k: original offer was $320k and seller pays for and completes main water relocation OR $300k and buyers fix the main water meter. Sellers have countered at $310k and buyers pay for main water meter relocation. Wanting to counter with $310k contingent on a buyer obtaining a quote detailing that the water relocation does not exceed $20k in repairs (as is estimated by the current owner). If quote exceeds $20k, seller will provide credits OR price reduction. What are some other creative ways to counter here, knowing that the water meter relocation will be a pricey headache to inherit?
3 likes • 11d
I like all these options of @Michael Pansolini if it’s on the market, get it under contract and renegotiate if needed.
Seller Finance Getting Gold Feet
I have a seller that agreed to seller finance that is bulking a little. I have provided proof of funds and a professional bio since I do not currently own parks. He stated " looking for financial evidence that would support giving a $900k loan." My response is that the park is the collateral and that the financial performance of the park should provide confidence. Any thoughts about what else could help?
3 likes • 16d
If you have good credit you can also show it to him as an example of how you are financially responsible. Also, not sure if this would fit your situation, but maybe change his concern into if he’s afraid the park might not support the loan payments, perhaps he can give you better terms.
1-10 of 71
Charlie Wang
5
294points to level up
@charlie-wang-2363
MHP owner and real estate entrepreneur.

Active 17m ago
Joined Jan 24, 2026
Camas, Washington
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