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The MHP Pros Mastermind

108 members • $99/month

Mobile Home Park Mastermind

643 members • Free

85 contributions to The MHP Pros Mastermind
Offer Considerations for homes "Owned" but without title
Looking at a park that has three POH but the seller does not have title to these homes. What are some things to consider, negotiate into the deal? -Ask seller to retain "ownership" and collect space rent until he can produce title? Have first right of refusal once title is obtained? Thanks- Jason
2 likes • 2d
Get a bill of sale with a warranty clause / indemnification where anyone comes looking to claim it you can go after the old owner
Start the year right
35 lot park all city 30 tho and below market 910k. A mile from the last park we closed in 2025. Keep it rolling
2 likes • 5d
Lets go!!
PSA signed
Man I met with a seller 7 pad. Direct billed utilities. Sadly another cold caller already has 200 pads locked up of multiple smallish parks from them of 10 units plus and most of the public utilities. But they got more units of tiny properties scattered and solid seller financing. Going to take a look at it all. This one 20 year note. Want me to hold, 5% interest, 5% down. Made sure not to lock myself from refinancing but they did ask about it. But they are business people themselves and said hey if you find a big park and need the money then that’s fine.
PSA signed
3 likes • 11d
@Michael Pansolini He loved my ChatGPT created purchase agreement so much, he called his attorney as I was speaking with his wife to tell him how simple and impressed he was. Because he is likely doing a very complex contract for the big bundle of parks.
3 likes • 11d
@Michael Pansolini 😂Not wrong. No it was more so like it was clear and addressed like everything, but still simple enough for the type of people who would be the sellers who do 20 year notes.
Maximizing Credit Card Points in Your Business
My friends call me "Mike the Points Guy" because I'm a bit of a credit card points hacker. I did not immediately realize how important this has become in my business until recently, but business owners like us have a huge leg-up on W-2 workers when it comes to points. Why? Well because it's not just our personal expenses that earn us points, BUT ALSO our Business Expenses! Therefore, let's begin! 1️⃣ Amazon Prime Visa First and foremost, many of us make A LOT of Amazon purchases for both ourselves and as you will find out, also for our businesses. Therefore the first card you should get is this one: The Amazon Prime Visa Provided by Chase This card has ZERO annual fee and provides you with 5% cash back on ALL amazon purchases. This is the HIGHEST cash back of any card I have ever encountered. Period. That's why I recommend this card FIRST. It's also provided by Chase, and what you guys will realize through your teachings with me is that I am a huge fan of Chase Checking for both Personal and Business use. More on that later, but suffice it say that Chase makes it easy to have ALL of your accounts in ONE place, make transfers and payments easily between accounts, and pay balances with both your persona and business checking accounts, not to mention pay vendors through Zelle for NO FEE. 2️⃣ Robinhood Gold Card This is likely the ONLY other card you should ever need again. Why? Because it offers 3% back on EVERYTHING! This is legitimately impossible with any other card. Even the Chase Sapphire Reserve and the Amex Platinum only offers 3% back on certain categories. At this time I believe you have to have a Robinhood Brokerage Account to get access. Yes this is an extra step, but I promise if you trust me, it'll be worth it! In the meantime you can also sign up for the waitlist for the card.
2 likes • 17d
I’m not sure if this is the right section for this question, but how do you and @Tiernan Laue handle splitting or using credit card points for business expenses? My brother and I share a business account, and we earn points there. It’s essentially the same account with a duplicate card, so it’s fine operationally—we’re just converting the credit into cash back and applying it toward future card balances. It gets a bit more interesting with places like Lowe’s or Home Depot, where we’re using business credit cards, but the rewards or points are tied to our individual names. Curious how others handle this?
2 likes • 17d
@Michael Pansolini will check it out! Sounds neat!
Cold Call Everyone
I don’t know if anyone else has thought about this, but I was mainly focused on calling owners who are older or who have owned their parks for a long time. I typically skip parks that were purchased within the last five years or bought by larger outfits, since they usually aren’t ready to sell or are still in growth mode. This week, though, I spoke with an ownership group that went under contract back in November after being cold-called. They are in the process of getting the park off their books before the end of the year because their management plan hadn’t worked out after four years of ownership. So food for thought and maybe score as the person to get them out of their hole.🤷‍♂️
3 likes • 25d
@Michael Pansolini yea forgot where they are based, but at this time according to the talk of the village they have 10/50 units vacant /being renovated all POH if not more. But you never know!
2 likes • 21d
Yes I think so too.
1-10 of 85
Connor Cogdill
5
266points to level up
@connor-cogdill-2530
MHP Enthusiast, I own a small 6 pad park. I am looking to acquire more parks around Asheville NC

Active 23m ago
Joined May 10, 2025
Asheville, NC
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