Guys –

I don’t know if you know but manufacturer home communities have been in the lime light but more now than ever before. A Canadian Reit is about to purchase YES COMMUNITIES FOR 10 BILLION DOLLARS. https://ca.finance.yahoo.com/news/brookfield-talks-buy-yes-communities-111741141.html They say it will be one of the largest single…

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Rocky let me know if I can help- Moved from apartments about 6 years ago and have gone full cycle on a few Mhps. Can share with you the differences and the good and bad. Really it is dependent on skill set and exit strategy.

This is a good write up.. I have been working Mhp for close to 7 years – gone full cycle on a few and bought- held and refinance them also. I would say they are more upside but you need a good operator and understanding of the exit strategy…. Also there is one point I would make is the homes if not attached to the property is typically…

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I am looking at Tiny homes and financing. I currently have a few rv parks that i am looking to put in some tiny homes, eventually i would like to make a community of these maybe have up to 40. The homes will be on a permanent foundation with county water and central sewage. I was wondering if anyone has financed these type of projects or…

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Dawn – I have to ask- ChatGPT fan or Claude fan, no matter appreciate the thoughtful and informative post.

Nice post…. Well I wrote up the 3rd draft of this business plan. A lot of it is easier for the conversion because I we have been building homes and bardos in the area as well as converting a mobile home park into a subdivision with a hoa and covenants, so we have a lot of the infrastructure people to assist. The challenges is it is a…

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Cam- nice meeting you…. I am looking forward to hear what you come back with..

Thank you…. In the next few weeks if Gus is ok with it, we will start on the journey….

Yes- in one of the parks and subdivisions. Also we take care of the grounds provided that there is not a fence. There are other parks in the area but they only allow weekend rentals.

Gus- I must be reading from your playbook. So I try to get all of my deals to be owner financed first. And infill and value add and force the appreciation..but I am getting some buyers now that don’t want to owner finance.. or I guess the interest rates hurt the negotiations … also when I get into more hospitality rentals it does take…

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Gus- Funny you should mention that they have one of the best golf courses in the state within 10 miles. Also they are planning on building water parks and boardwalk in the same area. Close enough but a little a way from the congestion. I hope we keep our starry night for a while longer. What really makes this place special is the…

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Actually traffic isn’t bad…. If you mean the amenities for the area – the area is quaint….. and it’s growing – if you mean the park in the future – boat and atv storage, Fire rings, ax throwing, fishing guides, putt courses and dinner on the lake…. I would assume this special place will change fast…

Gus in one of parks I pulled out 38 homes – cut 78 trees – and dropped 1 mile of gravel but it is now a gorgeous…. Here were Different strategies below- cash for keys, clean up day, scrappers and light it up.

Gus – lake texoma – gorgeous and wonderful sunsets and great fishing

Wow-thank you. Gus. Biggest compliment, not only because what you said but the caliber of person who said it.. I love real estate – land, commercial and hospitality…

I am looking at buying a RVPark- that is currently cashflowing at a 7.5cap – I am looking at changing the model a bit and infusing capital plan to add capsule airbnbs and boat storage (20) frames are already built. The Property is 10 acres – less than 2 miles from a lake that has over 6 million visitors a year. It is located 30 minutes from…

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Also In our subdivision we have quite a few people that made them their forever homes. Here are a few pictures we had. I wished I had the picture of the back decks but these had concrete landing and all of them will put in carports in the future.

I thought this might be interesting to all – I was touring a facility a few months back. We have probably purchased 4 this month for our community in Oklahoma. And yes we are always looking for better ways for financing.

I think the direct answer is it can be considered chattel or personnel property until it is affixed to a permanent foundation (then it can be considered real estate but there is paperwork involved) also some states only allow it to be moved only once. Hope that helps.

Thanks Gus good information to know….

Nice- do you sell these?