I googled Lonnie and found he has written a couple of books, Deals on Wheels etc. He’s all about the paper, and generating short term notes.
Thats great but as an owner of a smallish (72 units) mobile home park I’m always feeding the capitol improvement monster. I need to get back any money I’ve put into a renovation. I guess I’m frustrated with my inability to fill in those vacant lots and generate a suplus at the end of each month.
I’ve got a good note, 50% LTV but always breaking even. Your right, there is very little capitol for mobile homes for any purpose. Anybody in a similar situation?