Ep #35: Pre-Acquisition Case Study and Potential Partnership Opportunity With Us

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In todays show, Charles and I are going to be doing a little something different based on direct feedback from numerous listeners who suggested that it would be helpful if we, Charles and I, did a show that specifically went through deals that we are working on and/or have under contract so you can view it from our eyes.

As you know, we typically do case studies on parks that we’ve recently acquired but I can see the many benefits that one might receive by having us go through a park that we’ve recently tied up but haven’t yet closed on yet. And so we’re going to walk you through all the particulars of a deal that we recently tied up in Charleston, WV so that you can better understand our deal selection process.

And as a side note, Charles and I are also looking for potential partners on this deal. so if this sounds like something you might be interested in, we’d love to discuss the possibility of partnering with you. Send us an email to [email protected] for more information.

Park Characteristics:

• 135 total spaces
• 128 occupied – All TOH
• Average lot rent: $160 (market rents are $225)
• Water/Sewer: City direct billed
• Wide Concrete Streets
• Great school district (If you are a buy and hold long term investor like us… then this is important)
• Purchase price $1.8 million
• Built in 1980’s

Recommended Resources:

• Click Here to Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them