Hey fellow MHP investors, I wanted to introduce myself before I start to frequently post. My name is Jimmy Johnson and I recently transitioned from multifamily into MHPs. I heard about this forum after attending the bootcamp in Austin this past weekend. I highly recommend going if you haven’t; it was great!
My #1 goal is to become the go to “off market deal guy” and I spend day and night calling owners, sending direct mail, analyzing deals, making offers, etc. I have a great partner and a passive business that allow me to spend the bulk of my time on MHPs and I hope to own 4 within a year.
Out of the 4 parks currently under contract I plan to buy and hold one long term, a 46 space in SC.
The other 3 I’m looking to assign; they have an average cap rate of 14.95% and cash on cash of 37% with estimated financing:
17 space VA
35 space OH
74 space (two parks) AL
After the holiday I’ll make separate posts for those deals. Feel free to email me prior to then for more info Jimmy@JimmyJohnson.co
Looking forward to being a member of the group and adding value when possible!
Hi Jimmy- I was at the Austin boot camp as well…good stuff! I’m definitely in the market and am interested in looking at all you have. butikoferjess@gmail.com
I see that you’re looking to purchase 1 and assign 3. For the future, are you primarily going to be looking to assign? Any interest in JV opportunities?
Yes definitely interested in JV opportunities whether on deals you source or I source. Overall plan is to assign as many deals as possible with the goal of owning 4 parks by the end of 2019. On all of the assignment deals always open to JV
@JimmyJ - Coming in hottttt with some value! As a newcomer, you have the right idea. Love it. I’m active in the Southeast. I source a good amount of deals off-market and open to JV opportunities.