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Mobile Home Park Mastermind

901 members • Free

UnFUNDableAF

459 members • $27/month

20 contributions to Mobile Home Park Mastermind
1 like • 5d
Been there, bought the t-shirt. The living room of the mobile home was the only accessible room. It had a coach next to a bed with dirty diapers and food containers piled up from the level of the bed up the ceiling. We had to shovel the crap and trash into lined trash cans with hazmat suits in August. I last count of the number of trash bags we collected. The A/C and windows weren't accessible so it was a hot box of stagnant air. My golves were rivers of sweat when I lifted my hands. It has a mess, but I made a great profit. God bless you, sir! The attached GIF is from someone else's experience, but it looks very similar.
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Reach out to Joe from idiCORE to Start Your Account
2 likes • Jan 8
IDI Core is the real deal.
You can work in RE or you can WORK in RE
You can work in real estate or you can actually work in real estate. I drove past the SoNo Collection in Connecticut today, a mall I helped fund as a junior accountant seven years ago, and realized I never even saw the asset in person. I pushed numbers for two years without touching the thing I was supporting. Now I walk the sites, underwrite the deals, negotiate the contracts, and build the operations. I know every inch of what I own. That is the difference. Choose the path where you get to touch the work. Last few days of our Black Friday deal are running right now if you want to save $500 (our lowest pricing ever again) on the best Mobile Home Park Mastermind out there!
You can work in RE or you can WORK in RE
3 likes • Dec '25
I'm glad you are now strategically working on real estate instead of being just a cog in the wheel. "Working in your business" refers to day-to-day operational tasks like making the product or handling customer service, while "working on your business" involves strategic, long-term activities like planning, developing strategy, and improving systems. Business owners must balance both, but often need to transition to "working on" their business to foster growth, delegate effectively, and avoid getting stuck in the weeds of daily operations.
1 like • Dec '25
@Michael Pansolini @Kyle Brose You both are on point.
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 '25
@Karl Kulpak I will direct message you an answer.
2 likes • Nov '25
@Emma Norman Yes. Some of the sellers are willing to give a 2% interest rate.
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 “all the good deals are gone.” 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+
1 like • Sep '25
Wow! YES community is all over the place in Dallas. This is big!
1-10 of 20
Oliver Chamberlin
4
51points to level up
@oliver-chamberlin-1594
Dallas Area. Wholesaling in Texas multifamily residences, storage, and mobile home parks. I have over 20 years of experience in residential RE.

Active 1h ago
Joined Apr 22, 2025
Rowlett, TX
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