Hello fellow investors,
a Wholesaler is selling a park in TX , with half park owned homes, and half LT RVS. i know you typical dont count pohs those as income . you have to count these since thats half of the parks revenue , (other half is rvs and apts) The apts bring in very solid cashflow.
Half the park is Long term rvs, 46 spaces total, 9 apt units and 1 small home. town water and sewer.
Ithe value add as i was told is making these tohs which isnt cheap and selling some for extra cash, also theres bill back needed on utilities, and can raise rents on apts and some mhs.
Its currently a 5 cap right now. trying to get him to at least a 7 + cap where its saleable.
Let me know if there may be interest. Im not dealing direct w the seller, i thought i was but its a sizeable operator selling it for the seller and said to let me know where we should be and he might be able to get the seller there,
Its a rare case that i dont deal direct to the seller but im getting a smaller fee than usual from the buyer if i can help him out.
Thanks,
Dan G.
DLG Properties
dan.cpllc@gmail.com
dan.cpllc@gmail.com
401.712.8148
1 Like
I can also go back to the big operator with a price that works for u. i always go direct and he just happended to reach out so i figured id give it a shot because everybody has a different criteria or upside they create value from their parks. if u want to discuss it let me know. i will always bring in off market direct deals, this one is exception and a really tough one, unless u love a high % of pohs
Hey, I am initially looking for 40 - 100 pads in the DFW area, or any major area in TX. 50 pads seems like a good size park, would you send me details on it?
Hey Joao,
You must be brazilian. My wife is from Menas.
Lets talk on the phone. I can send you the general details. I thought i was talking w the owner but the deal is being wholesaled. The cap rate is not good, but the investor/wholesaler im dealing with said to let me know what an investor i know might pay for it. He may be able to adjust the cap rate on it.
Whats your best email. im taking a smaller fee than usual. 20k. usually i get about 35-45k, because its not technically direct im lowering the fee. Just let me know if that works. its not in the DFW area, but is in texas.
whats your best email?
Thanks.
Dan G.
DLG Properties
dan.cpllc@gmail.com
Are you okay with long-term rvs because half the park is rvs, pretty solid rent on those.
9 apt units and 1 small house also.
Dan G.
DLG Properties
dan.cpllc@gmail.com