Contact Information |
Jaymie
azmn10@gmail.com
612-326-3337 |
Would like to invest: |
Scott County / etc Minnesota |
What level of involvement |
Buy, Rehab, Sell and Done for You |
How many homes are you looking for |
1 - 2 per month |
Price range of homes |
$ 0 - $ 10,000 |
Are you a dealer or have your dealers license? |
No |
Do you currently own any homes |
Yes |
Would you consider moving them |
Perhaps |
What would it take for you to move them |
Cash Incentive / No Lot Rent until sold or in the
event of vacancies between tenants |
How many homes |
2 |
Location of homes |
From AZ / MN |
Average age of homes |
late 70 - late 80 |
What incentives are you looking for |
Lot rent during rehab, selling cycle or
in-between tenents is the biggest challenge - especially if a
struggling park ( below 75% coccupancy) wants someone to invest in
MH in their park. I need to be seen as an assets to the MHP
and be treated as such. Looking for a MHP with honest owner /
mgr. Define the parameters for a win/win relationship and
repeat over and over. I would like to retain title in my
business name and do lease option vs "rent to own" - so I can
capture depreciation and other acct benefits of lease option and
remove tenant faster in the event of non payment. |
Describe your ideal scenario with a park owner as
a partner |
A) Park does rehab and finds buyer - I then
Purchase notes from Park after buyer is in place for 90+ days.
Prefer a term with 3+ years remaining, 14%+ interest. Park
often has 50% equity the day the MH is sold to buyer - I will pay
50% plus for the note (to free up their captial) - I will pay higher
if the MHP will assist with rehab if tenant defaults before end of
note or if interest on note is 18%
B) A good MHP that will inform me of available MH for sale -
help show and sell and keep me informed re the MH and tenant.
I will rehab and carry the note from day 1. Free lot rent
during inital rehab and any future rehab or vacancy.
C) I'm flexible. If a MHP owner and manager are upfront and
tell me how I can help them - and they are willing to help me I
would be happy to shift more business their way.
D) I would consider "Done for You" in other / additional
georgraphic areas. |