great website folks, what a great community you have here.
I’m brand new to this (like Red). I read Deals on Wheels about 10 years ago and then I got busy (doing the wrong things obviously). Nevertheless, I’m in a major metropolitan area with many seasonal effects and buying/selling periods.
I wanted to collect some thoughts and opinions on my particular situation and/or plan of attack.
I have a partner that wants to share resposibility on investment capital, project management & of course profit sharing. Together, we have a good general contractor (semi-retired) that is ready to go.
Our plan is to purchase MH units on lots (one at a time) and sell our first few, then maybe rent others down the line when the cashflow will support that.
We will need the assistance of a hard money lender for a few deals (maybe more); we will be forming an LLC so we can actually form the partnership and obtain funds this way.
It would seem we have the players in place, just need to swing into action. As I mentioned earlier, I just wanted to open a dialogue here and let myself be known. Of course, if you can offer any type of commentray over our simple plan, please do.
At this point, we are not actually interested in managing an MH park just yet; I run a seperate small business that pays the bills, so I can’t step away from that and I want to rehab more than manage.
Thanks a lot…