Activity
Mon
Wed
Fri
Sun
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
What is this?
Less
More

Memberships

OpenClaw Install & Support

145 members • Free

The MHP Pros Mastermind

111 members • $97/month

Mobile Home Park Mastermind

902 members • Free

63 contributions to Mobile Home Park Mastermind
Investors:
If a MHP deal produced 15% cash on cash, would you want to operate it? Or would you opt for more conventional opportunities (Stock market, CDs, Precious Metals)? Where is the cut off where a COC return makes a deal desirable enough to move forward?
3 likes • Mar 23
This really comes down to a personal decision and what your goals are. I know a lot of investors who are willing to accept a lower return if it means less stress or less involvement. When you are younger and have more energy, it makes sense to think about how to use your time in the most efficient way without burning yourself out. Most people don't figure that out untill later in life. I have been self employed since my mid 20s. I bought my first business with very little down, built it up, and sold it one month before the 2008 crash. At the time I had one rental and 1 child, and I became a stay at home dad. During that stretch I spent a lot of time reading, especially about estate planning. One book that stood out was How to Avoid Probate by Norman Dacey. I read others too, but that one stuck with me. With kids, it felt important to get things set up properly. We put wills and trusts in place even though we had a very small estate. People would ask why, since there was not much there. But it is interesting how many people think in terms of “why bother” instead of seeing it as planning for a better future. I had the time to focus on it between diapers and bottles. Keep in mind we had very little assets so we bought life insurance for just in case. I didn't want my kids or the wife or just the kids to be left without a solid start if something happened. So ensure you plan if you have a family without enough assets. A couple years later, around 2010, I got into master leasing residential and small multifamily properties. I would pass through somewhere around 88 to 92 percent and built a strong cash flowing business. Over time it became very passive. And we bought assets. Eventually I got bored and sold that book of business in 2023. I also sold a house and reinvested into more time and freedom. This was most important for me. Over the last six months I have tried a few different things. Some felt right, others did not. That process helped me figure out what I do not want to do, which is just as important.
Community Standards
When taking over a park what are nice ways to get the existing tenants excited about new management?
1 like • Feb 6
Skirting and siding seem like value-add improvements as well. Last year I almost bought a window screen repair company for my kids. For the park owners or managers here, what types of services do you see that could be filled for your parks? I'm looking to see if window repair or replacement, and window screen would be a service you might need?
2 likes • Mar 4
@Caleb Hogan, identifying the real people problems and addressing them properly seems to always help the neighbors. As. SFH manager I use say duplex are a pain, put a strip a grass between the units sure changes the neighorhood
New to MHP Masterminds
HI everyone. My name is Gary Baldwin, and I just joined the group today! I live in the St. Louis area, and I am excited to join this group. I have been investing in real estate for almost two years. I started out in single family and shifted to multi-family, where I currently own 28 doors as a buy and hold strategy. I have been investigating the MHP space for several months and I am looking forward to learning from everyone in this group, connecting and contributing as well. I plan to purchase my first MHP in the next few months and I am currently talking to a seller that owns a 59 pad park that he is considering selling soon. Can't wait to dig in and learn and grow my portfolio!
3 likes • Mar 4
Welcome Gary, dig in and take a big gulp. Keep us posted and let us hear how it goes.
1 like • Feb 19
Review what I do with the wife.
3 likes • Feb 19
I like podcasts for windshield time
1-10 of 63
Matt Fonk
4
29points to level up
@matt-fonk-2058
Real Estate Broker buying for the lifestyle

Active 3d ago
Joined Dec 1, 2025
Tampa, Florida
Powered by