any info or guidance will help to nail deal down

I have no idea what you are looking for here. With a profile filled out like yours with only a first name, don't expect any seasoned investor to give you 2 secs of their time. You have to learn here first, before you can come out here asking for a million plus to do a deal. I sense soomeone who is very eager here to do a huge deal, but with only 3 months on this site and no credentials to back it up, I think you will be waiting for responses.
First fill out your profile so we know who you are and what you want to accomplish
Then come back and re-explain what you are looking for.
Sorry for the dose of reality, but better you learn now.

If you are Army, I am former 18 Bravo. I wait on your new profile and post...Jan

USN suface warfare

not asking for money just point in right area grants and hud start fine then start getting confuse by all info overwhelming, need guidance to make this happen for my parents, have study carlton sheets and Dean's material, have done alot of leg work to the point am ready to make offers, they are great offers sellers what to work deal yesterday. just point in right area, My last name is simpson thought it was there, sorry bout that..TY

new post is there served gulf war, now you help ... people help people.

Are these hud homes you are looking to buy? Your post is still confusing.
Are these multiple HUD homes you are looking to Buy?
Do you have funds in place to purchase if your bid is accepted or are you looking to buy and hold or flip the props...Jan

Let me see if I understand this... You have an opportunity to buy 2 mobile home parks and 22 acres from HUD to expand with more mobile home parks? How many mobile homes are currently in each park? What are their values? Are they all rented? How much can you get for rent? Do they need repairs? What are the operating costs? Are there missed opportunities for additional income (like onsite coin operated laundry)? Don't try to tackle the whole package. Break it down it to parts. First asking yourself, what is one park worth? And then once you have all the figures, you can move into what the whole package is worth.

Not many people here have any experience with mobile home parks,myself included. So I had nothing of value to offer you so I stayed out.

Plus I didn't see any information about what part of the country its in, some areas do better then others with MH.I also didn't see a clear question of what you need help with, you just put out some numbers that would be associated with the final cost of the project.

mobile home park one is empty 110 spaces owner is in home(24 acres with 3/2 house and small strip mall, has some income now.

mobile home park two is 44acres with cap. of 168 mobile homes& 22 acres can have 88 mobile homes on it.

looking to hold for present time may flip at later date to be determined.

got quote on mobile home new (delivered and set up & 6yr warranty 33,000)
:park one needs a lil rehab to get back to snuff.

park 1 income as now 1800.00 month
park 2 income as now 4800.00month

just narrow down where to get how finish the deal.

not hud owned but am getting prequilified for hud tenants.
also have another quote for 198 mobile homes at 3.65mil
hud vouchers 500+ a month per mobile home unit times 198.

renters will be sec8, elderly & disable persons which gov. will pay majority of rents - 110 for utilities.This is accomadating tenants that quil for a Hud
assistance rents.

if it is okay my disability causes problem for me to type, am will to call on my dime to commicate that way. With this deal it will help me to become a hard money lender to help Dean's students new and old one acquire properties.

TY
Robert USN RET.

PS The complete potential is 320 Mobile Homes..
For easy math is 500 times 320 is 160,000.00 a month

Tazz, you being disabled may give you preference with the VA guaranteed loan propgram as well as Vocational Rehabilitation, which pays for the educational expenses of disable vets. Not sure your rating but I believe its a minimum of 20% to qualify.

This program might allow you to take RE agent and licensed loan officer classes

Hope it helps

South Carolina, you can help without exper. in mobile home parks... cause the info seeking is to nail the funds for this deal, need to find direct path to fund it with out losing this deal, have talk # for land and trailers new not used
that way no issues in qual for hud tenants to rent from me, there are people on waiting list units to rent so income to cover note and overhead is there.

I know how to show true numbers to possible resale at later date by the GIM (gross income multiplier)

TY
Robert

Have you tried Hard Money Lenders? Some require a certain credit score while others don't go by credit but by the deal. If it's already cash flowing that might help it qualify for the loan.
Try checking out Hard Money Bankers, they give lots of advice on how to get hard money loans, and even lend for some things, although their personal lenders only go up to 4 unit multi family but they have a number you can call and they will recommend a commercial lender that is more suited for your project http://hardmoneybankers.com/ worth checking out any way. If you pm me your email address I can email you a list of hard money lenders I have, also you might want to consider finding a joint venture partner. You can always post an ad on cl, etc stating that you are looking for a JV partner

have put in voc rehab for Dean's full blow 19,000.00 train that is there.
I am not in this to greedy, but to help DG family ,Vets and those that help themselves. yes i'll make money put to help boost the economy in turn as well.
am 90% VA and file ss claim also, but this deal is for my parents: to move them back home, i'll benifit eventually as to help buy and flip with everyone
as a hardmoney lender that these 18,000 plus people have that bought his material. For instance if a deal is found by anybody will ask for a fee of a deal to make funds avail in turn they will profit the most..

i believe in low profit time the quanity of deal will in turn show a greater
yeild in the long run. example 500mil facebook people at 25cents if each was to give will in turn show 125mil..
that is the true power of numbers

TY for the link rbaily1962

Have you used you VA benefits to buy any real estate. Using the VA is a good way to go.

Steve USMC

yes , i have in calf but it is free to use again, i do not know exactly if they
would approve something this big, but if you have advice am willing to accept it with honor sir..

At this time Robert it looks to me like there are a lot of what if's here.

In my opinion you would need to set up a meeting with interested investors and sell them on your plans to develop the moblie home parks. It looks like a big deal.

Steve.

TY for time and interest.
have neq. land which already parks just place mobile in spaces ready to go at 1.75mil
trailers 2 quotes of 3.7mil for 198 mh and other quote for 198 mh 6.61mil delivered and set up

how would i go bout getting HUD loan to provide for a HUD program for Hud qualified tentants on a waiting list sec8 HUD sec 207, 223, 231.

Maybe might know of a direction that would be in my best interest.
I found info HUD will insure loan and let someone carry note for forty years;
also 2yr risk operation loss. Just get lost in HUD website and gov grant site
it is so overwhelming that i get lost when reseaching find exactly what i need.

Hardmoney is okay but not so good,

invester was to front fund they could make a great deal cause could refi according to monthly income or gross income multipilier.

Just getting lost that way.

Like I said it is a big deal. I am happy with single family homes right now because that is what we can handle right now. Some day we want the multi famly homes and moble home parks. One step at a time is the way we look at REI.

Steve

If ya'll hear or run across anything to lock this up , I'll be there to help
when the time is right for ya'll 110% knowledge, Funds to lock a multi family deal down in multi family there is no wrong deal as long as numbers can carry it. i would not bother me if ya'll needed 10mil: i'll be there.

my goal in 1994 was to have 10mil in liquid cash and that same amount or more
in networth and assets before i turn 55yrs of age and it is possible.

math is my other passion besides real estate, have purchase 2 houses ex profit
115,000.00 in 6.5 yrs and house in now show 30,000.00 bout 5.5 yrs.

I am new to this site and friends site but not new to this game.

If VA already had me approve for Dean's biggest training offered, maybe i could ask him but that will come in time.

I was brought up on a word and had shake and will always honor people overs have gotten away from that was becuasse they wanted to be number 1 and the other is greed this is just not me; cause if ya die today ya can take it with
you...... I believe if someone helps return the favor.... Life is to short for one to think they can gain it all, it will never happen...

TY again Steve & Veronica God will Bless Ya'll

am willing to list take adivce who is willing to give , maybe a student out there can put me in touch with Mr Dean Graziosi cause this deal is to good to let get away,
cause therefore i can help the ones in the DG family. My paper work is in process for Voc. Rehab through the VA which will allow me to train
under his training which is the most exspensive above the edge. Therefore
i want to help anyone who needs it. My goal is to nail this deal on my b-day which gives me to 28th April, am not and will not stop trying and working to make it happen....

I am keeping this forum going for the whole entire DG family to hold me accountable on to make this a success.

TY

anything will do , advice will grately accepted and used.

if one of the owners one of the parks sales mobile homes also and want to purchase 198 mh.

The questions is sale him on the idea to have deal flow a lil easier put
price of land add to mh price and inturn deed land so the deal tranaction
will become a lil easier to aquire funding to finalize deal. I feel if it shows that the land is ownership deal can be accomplished alot easy. If deal falls through just deed it back to them..

please any advice is helpful..TY