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Mobile Home Park Mastermind

584 members • Free

Conscious Business Accelerator

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5 contributions to Mobile Home Park Mastermind
Questions on Deal Structure - 25% Down Payment
I am trying to structure a MHP deal. Is 25% down a deal killer? Property Type - MHP Offer Price - $1,347,597 Units - 24 Annual Income - $171,366 Annual Expenses - $68,547 (used a default of 40% because his expenses were lower) Occupancy - 95% NOTE: Park owned homes from the 70s, 80s, and 90s. Owner Finance Offer – Mortgage Purchase price - $1,347,597. Down payment - $327,087. Interest – 2.5%. Monthly payment - $4,032 principal and interest. The buyer will pay taxes and insurance, and these are separate from the monthly payment. Term – 60 months. Balloon payment at the end of the term for the remaining balance. Approximate balance at time of payoff - $898,818. Seller will net $1,428,590 for the property over 60 months. The cash-on-cash is greater than 13%. Is 25% down a deal killer?
2 likes • Nov 18
Are sellers giving 2%?
POH Expense Ratio
Hey guys, quick question — what’s the average expense ratio you’re seeing for parks that are 100% brand new park-owned homes with city utilities?
2 likes • Nov 18
@Eric Lindsey 55% it’s the believable story on the lending market.
Lead Flow management
How does everyone manage there lead flow? Is there a good software to manage this? I have VA’s that can data enter if I need to.
1 like • Nov 18
@Caleb Hogan Gotta buy in LA. Absorption not nearly the same in small town OH.
1 like • Nov 18
@Tom Blackwood You’re based in OH? I’m selling my park in OH. Call me 330-314-4878.
Brookfield in Talks to Acquire Yes! Communities for $10B+
Big headline: Brookfield is reportedly in advanced talks to buy Yes! Communities from GIC for over $10 billion. If finalized, this would make Brookfield one of the largest—if not the largest—owners of mobile home parks in the U.S. Here’s why this matters for us: I used to work for Brookfield. Back then, I was in portfolio management for our Mobile Home Park Portfolio, so I had a front-row seat to how they think about scale, capital allocation, and risk. To now see them moving to take down Yes! is surreal—it’s a full-circle moment for me. For small and mid-size operators, the lesson is clear: Institutions aren’t slowing down. They’re chasing massive portfolios and are willing to pay premiums for scale. Our edge is agility. While Brookfield’s strategy is financial engineering on a global scale, we can still pick off the fragmented deals, add operational value, and generate returns that compete pound-for-pound. Market signal: When a firm like Brookfield puts $10B into MHPs, it’s confirmation this asset class is here to stay. The largest capital allocators in the world see the same thing we do: manufactured housing is the backbone of affordable housing. Takeaway: This isn’t a sign that ā€œall the good deals are gone.ā€ It’s a sign the big boys are playing in a different arena. Their game is scale. Ours is speed, creativity, and boots-on-the-ground execution.
Brookfield in Talks to Acquire Yes! Communities for $10B+
2 likes • Sep 15
šŸ¤Æā€¦so, how do we get in that room?
1 like • Sep 15
Well done.
Personal Guarantee
A broker insists that a personal guarantee from the buyer is required for the seller to sign the purchase agreement. Let's have a little fun. If you are an investor, please provide your vote below. Please read the below definition before voting. A personal guarantee on a business loan is a legally binding agreement where an individual, typically a business owner, promises to repay the loan from their personal assets if the business defaults. This means the lender can go after the guarantor's personal assets, such as their home, savings, or investments, to cover the debt if the business can't repay it.
Poll
11 members have voted
2 likes • May 22
There’s ways to structure the deal where you’re not taking on the PG and it really depends on you as a sponsor. Nonrecourse is available but it’s not for beginners unless you’ve found the right kind of partner.
1-5 of 5
Emma Norman
2
9points to level up
@emma-norman-4361
Hi, I joined the community to gain insights and build a business that reflects where I want to go.

Active 26d ago
Joined Apr 21, 2025
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