Indiana park evaluation


#21

Great negotiating. I may have to call you for some tips sometime.


#22

@MichaelG , as per your Post on April 5, 2016:

  • “Ok so it looks like I have a park at bargain basement price tens of thousands off the original agreed upon price.”

I am just curious how it is going?

Have you closed on the MHP?

Thanks So Very Much!


#23

Park closing was April 22 and I started right away to change the park into something better. First month found a dead homeless guy in an abandoned trailer (that was fun). put in park signs and upgraded the mailbox area with new mailboxes and a gazebo to help promote the park in the future. closed the laundry room and am slowly pushing it into a community center. I will be evicting 1 tenant next week and working on investigating the sewers then also. I am about ready to make a purchase of a new trailer to move in and see how that sells before I move onto the other 3 I want to get to bookend the property. Payments of rent from tenants are for the most part on time except for the eviction. Fairly happy I took this but we will see what the sewer eval looks like, hoping for spot fixes and not total replacement.

Thanks for asking.

Mike


#24

@MichaelG , thank you for your update!

We wish you the very best!


#25

Way to stick with the process! This is a great thread on how you stuck to your numbers of what was realistic and put in the hardwork to get it performing better over time. Way to go!


#26

We’d love to hear an update on this park MichaelGfd!:grinning:


#27

I think i sent him a message a while back just to see how this was and had not heard a response. I too would love to hear on it!


#28

Yes, I would love to hear more also. We all enjoy success stories. It sounds very similar to our experience…except the homeless dead guy part!