The Manufactured Housing Forums

I am going into contract on a mhp with 269 pads no park owned homes,and 70% occ. Park is In a major metropolitan area of 330k population. Purchase price is 4.5m. The great part about this deal is that the owner has 1500 pads that he wants to sell to me after I close on this deal!! I have a full proposal for those who might be interested. initial investment 500k. ROI 5 yr cash out 161% =1.3m I will have pre approval soon for conventional financing. send inquiry to [email protected]
actual numbers
gross 707k
net 455k
debt serv 275k
cash flow 180k

Gabe,
What state is this property located in and do you have a lender for it yet?
Dave

Gabe are you still looking for partners. And whta is the legal organization that you have in mind. Are you a syndicator?

i have 15 yrs in the mobile homes business in the same area of interest, i'm looking for a partner or investor for floor planning source line of credit. the area of business is in a military town