| Contact Information |
Steve Schroeder
schroeder.stevenf@gmail.com
703-408-2663 |
|
| Park Location |
Arcadia, FL |
|
| Maximum Home Size |
16 x 80 |
|
| Lot Rent |
$ 205 |
|
| Quality of Park |
2-3 Star |
|
| Lot Sizes |
40 x 100 |
|
| Age Requirement of Homes |
1980 or newer |
|
| Lot Spred Delta ( $495-Mthly Lot Rent) |
$ 290 |
|
| What Utilites do the tenants pay |
WSE |
|
| Average Cost of Utilities |
$ 30 |
|
| What cash incentives are you willing to give
someone moving in |
$ 2000 MI |
|
| Reduced Rent or % after Home Sold |
Yes |
|
| For How Long |
2 Months |
|
| Will you offer No rent if Vacant |
Yes - during eviction and
vacancy |
|
| Offer "Done for You" |
Yes |
|
| Do you have homes for selling or giving to
investors |
Yes |
|
| If so, how many |
2 |
|
| Terms |
Cash - $ 12,500 |
|
| Are there homes for sale in the park |
Yes - Several used homes for
sale by owner (purchased from moving residents) |
|
| Average Home sale price in park |
Varies between $ 8,00 and
$20,000 ranges widely depending on condition and terms of sale.
Have had cash sales as low as 8K. Financed RTO contracts are usually
high teens. |
|
| Do buyers typically pay cash or terms |
varies depending on terms |
|
| Average 2 bd Apartment rent |
$ 600 ( non subsidized) |
|
| Average 3 bd Apartment Rent |
$ 675 ( non subsidized) |
|
| How much of a down payment do you est. buyers
have |
$ 1,000 |
|
| How many calls per wk do you get for home- rent
or sale |
2-3 |
|
| Are there many homes for sale in your market |
unknown - However, this is the
only family park in the area |
|
| Is there someone onsite |
Yes |
|
| Manager or Owner |
Manager |
|
| Will they - Show Homes |
Yes |
|
| Sell homes |
Yes |
|
| Collect Rents |
Yes |
|
| Rehab homes |
Yes |
|
| Credit Background checks |
Yes |
|
| Are you willing to Purchase home notes if needed |
Yes, depending on terms |
|
| Notes |
We will wok with the owner to reduce their
initial investment by (i) making a cash contribution to defray their
purchase / transport costs and (ii) provide free rent during the
initial vacancy period. After that, we will provide support
through showing the home, collecting rents and doing background
checks and general observation of the home, so the owner does not
have to be on site. We will assist with any evictions and we
will provide free lot rent during any eviction and subsequent
vacancy. |
|