mobile home park - Posted by Bill Michael

Real Estate Investing Real Estate Gurus
1

Posted by ray@lcorn on April 06, 2000 at 24:57:35:

Our current project list:

16,000 sf retail build to suit, 90% credit tenants(2)
98-room limited service hotel-new construction
6-plex apartment building- new construction
SF attached unit- new construction
Sale of a parcel to a nat’l retailer
Refi and refurb of an 8-unit property
Refurb of a 54-space MHP
Start-up of a SFR operation (buy, sell, finance)
Sales of lots in a SFR subdivision (9 of 12 lots left)

Plus about a half a dozen possible deals floating in the air… and I’m going out of town until Monday!

Have a great weekend,

ray

2

mobile home park - Posted by Bill Michael

Posted by Bill Michael on April 03, 2000 at 17:05:34:

I own a mobile home park in Joplin Missouri. 85 spaces. I own 74 of the homes. It is in run-down condition and I am now upgrading, cleaning up, weeding out, turning it around gradually.

I would like your input on how to best proceed. My current plan is to fill the park up by renting-to-own, then selling the land and pads only to an investor, then keeping the homes on contracts-for-deed for income, or selling the notes on the homes at a discount.

I have Lonnie Scruggs book, Deals On Wheels and I just ordered Ernest Tews book, Get Rich Helping Others.

I also have attended several LeGrand seminars.

Any suggestions would be appreciated.

Bill Michael

3

Re: mobile home park - Posted by Terry Vaughan

Posted by Terry Vaughan on April 04, 2000 at 10:21:48:

Bill:

Good advice, to talk to Ray Alcorn.

Also, thought you would want to know, we have just concluded plans for our 2nd (now annual) Mobile Home Workshop, later this year in October.

Promises to be even better and bigger than last year. Both Lonnie and Ray will be speaking there.

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Re: mobile home park - Posted by Eric C

Posted by Eric C on April 03, 2000 at 22:49:13:

Hi Bill -

I completely agree with David – hey, that’s got to be a first!

Check with Ray. And search the archives. You’ll find a lot of information on MHPs.

Good country around Joplin – I used to own a ranch just over east of Neosho.

Take care,

Eric C

Eric C

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Ray Alcorn is who you want to … - Posted by David Alexander

Posted by David Alexander on April 03, 2000 at 18:52:45:

talk to. He has a book available on MH parks. what you do really depends on your plans, are you after the cash, the income?

David Alexander

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Commercial Real Estate Forum - Posted by Jim-WI

Posted by Jim-WI on April 04, 2000 at 11:23:25:

Terry
Just curious when this will be up and running.

Jim-WI

PS It was a great pleasure meeting you and talking to you in the brief time we had together at the convention. Thanks! =)

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Re: Commercial Real Estate Forum - Posted by ray@lcorn

Posted by ray@lcorn on April 05, 2000 at 14:54:51:

Jim,

Thanks for asking about the commercial newsgroup. JP and I have been trying to match our schedules to get some things worked out and she just put the monkey on my back! I hope to get with JP next week (hear that Jeanette?) (smile) and get down to business.

It’s not forgotten, but I’m a dealmaker first, and man, things have been crazy lately!

ray

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You go Man! - Posted by Jim-WI

Posted by Jim-WI on April 05, 2000 at 20:13:52:

Make those deals… after all that’s why we are all here! I’d love to hear some of the details if you don’t mind posting them in the future!

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I thought the Title was… - Posted by David Alexander

Posted by David Alexander on April 05, 2000 at 19:42:53:

Professional Rainbow Chaser, : )