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Office Hours: New Members is happening in 17 hours
The whole Deal-First Challenge in 18 minutes (comes down Sunday)
Missed a night this week? Or all three? I cut the best of the Deal-First Challenge into one 18-minute training. No fluff. Inside: 1. Why you can't underwrite a deal you don't have 2. The Deal-First Method, step by step 3. How to find every mobile home park in a county with the Park Finder software, and who really owns it 4. What to say on the first call so the owner wants to talk to you 5. Diligence in 3 passes, cheapest first Watch it here: https://event.themhppros.com/recap/ Two things end Sunday at 8pm Eastern: - This training comes down - The Park Owner Year goes from $2,499 to $3,000 a year The Park Owner Year is where we check your real deals with you, live, twice a week, before you wire a dollar. It includes the Park Finder software with all 3,600 credits. Watch it today. Questions? Drop them below and I'll answer.
The whole Deal-First Challenge in 18 minutes (comes down Sunday)
Mobile Home for Sale (GA)
Anyone know someone (lonnie dealer, investors, end owner) who would be interested in buying a double wide in a park in GA? I have a tenant who is looking to move and I am trying to help her find a buyer. In transparency the home will need some work and can't be moved.
Need Mobile Home Park, 40+ Lots
Hi All, I'm looking to purchase another Mobile Home Park in AR, LA, or TX. Please send me any parks with 40 lot's or more. Drop me some info or email me. [email protected] Thanks!
Refinance appraisal issues
I just received a refinance appraisal on a park that came in essentially flat from the appraisal when we purchased it over a year ago, despite significant improvements to the property and increases in rental income. Purchase appraisal: $1.22M Current refinance appraisal: $1.25M Since acquisition, we’ve improved the property and increased rents, including lot rents to $395 for TOH and $550 for RTO homes. Based on the improved operations and NOI, I expected to see considerably more value creation reflected in the new appraisal. For anyone who has been in a similar situation: - Were you successful in challenging the appraisal or getting a second appraisal? - What was the most effective evidence to provide, better comps, corrected NOI, cap-rate support, rent roll, trailing financials, documented improvements, etc.? - Did you work primarily through the lender, directly with the appraiser, or request a formal reconsideration of value? - Were you able to materially increase the final value? If so, by roughly how much? - Any lessons on what actually moves the needle versus what appraisers tend to ignore? I’m less interested in appraisal theory and more interested in hearing firsthand examples from operators who challenged a low MHP appraisal and actually got the value changed. Thanks in advance for any insight
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Mobile Home Park Mastermind
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🚀 Cut out the noise. Built for action-takers: connect with top MHP pros, access pro-level tools, and tap into real deal flow with a networking map.
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