Hey there,After 20+ years in this business I've seen a lot of changes, from wanting to have park owned homes to them being the curse of the business.But for the guy that's looking for a big return on a small investment, it's the king.A few months ago while talking to a few clients about their self-managed IRA's, I saw they had a different target than I had really looked at before.When it came down to the simple bottom line, they wanted to get more money into their funds.I sat back and ran a bunch of numbers on this and found, the under the right circumstances, owning mobile homes as rentals was a much better return than owning a small park. I already knew it was a great deal just didn't see it as clearly before.I know, I hear the snarls....but lets look at it.Right now we have a 2009 3 bedroom 2 bath home that will rent for $580 after expenses (lot rent, management fees), $800 total rent. We're selling this home for $31,000 to investors. That's a great return on your money, 20% +. Now here's where the right circumstances come in. We have it in our park, we completely manage it, (keep it leased, handle all repairs, pay it's bills) all you do it get paid at the end of the month.Even if it's not rented for two months per year, something that we never let happen, in 10.5 years you've doubled your money and offset your income taxes from using the depreciation. We have homes that are still in our rental pools that are 40 years old and still pumping out good rents. Now there will be repairs and make-overs over the years, but we just did complete updates on 10 of our older homes, the average cost per home was $2,200. These are money making cows for sure, but only if they are managed right. And that's what we offer.As of today we have over 50 homes in our rental pool and are adding weekly. All of our investors have started with one home after seeing it work, all have bought more. Most own 4 homes or more, one investor has 13.I love it when I'm told, John I can buy that home for $20,000. My response is simple, yep that could be but you can't buy our service and knowhow for that. If you want to have those midnight calls and hammering tenants to pay the rent, you can do it cheaper. If you want a high return on your money and just get paid, this is the number one best way to do it.Call me with more questions 361 522 5564jh
Every now and then I have a conversation that I just have to share:
I was going over some numbers on an investment program we have, and have had for several years, with a broker.
After going over everything, he says, John you'll never do very well with this. The numbers are to good and no one will trust it. What you need to do is lower the return to about 12% then it will become believable.
I just had to laugh. Sorry I'd rather fail to sell them than cut someone short(although we've sold 50+ over the last 2 years). I set what I want to make off of a project and I'm very happy to give the investor a big great deal on it
Here's a little something to consider for your self managed IRA or cash you want to make the best return you can on:We own and manage parks in Texas, Montana and New Mexico.Right now we have several small parcels of land in Kingsville, TX that we're about to develop and sell.These are all turn key deals.We will be building 4 space parks with 2006 or newer homes in them. I know, no one wants park owned homes, but hear me out.These homes will bring in $750 per month x 4 equaling $3,000 per month, $36,000 per year. Using the new homes make the upkeep low for at least 5 to 8 years. That's about $280,000 in income over that time.Our company will be managing it at 6% of the monthly gross and our maintenance guys will handle all repairs at $20 per hour plus parts. You get a check every month and that's all you have to do.We're offering these parks at $168,000.00 and they will have new electric, water as well as sewer lines. All utilities will be paid by the tenants (they even get their own trash services).Let's say you net $30,000 per year in 12 years you will have doubled your investment.Let me know what questions you have on this.John Hurd
We're selling 75% of the stocks in one of our RV parks in Texas. It's a 10% return from day one and only goes up from there. $1,050,000
This is a deal so call me with any questions.
361 522 5564
Here's one of our newest deals:we have 4, 1bedroom, 1 bath homes. Built in 2006. Priced at $21,500, return is $282 per month after expenses. As always this is a turn key deal, we do everything and you just get checks.
Call me with questions 361 522 5564
While this was done a few years ago, it's still our over all goal and purpose.
We have new offering, it's a 2006 2 bedroom 2 bath mobile, it's been rented for about a year now and they should be there for another 3 years. The rent income is $450 per month less a 6% management fee. The sale price is $31,500. As with all of our properties this home is in one of our parks, we manage it, keep it filled and handle all repairs. We charge $20 per hour plus parts for repairs and $250 commission for new leases. The one we offered yesterday was gone in less than an hour. The ROI is right at 17%
Call me at 361-522-5564 or email me at firstname.lastname@example.org
Every month we have a few evections to deal with and sometimes they get ugly. We have a park in Indaina where we had several going on at the same time. Seems they all got together and left at the same time, but they didn't leave without a statement. They all plugged up the drains in the sinks and tubs, then turned on the water just before they left. With total luck and some other really good tenants, we were told this was about to happen and got the water shut off before to much damage was done. It's always an amazement to me, that we're the bad guys for thinking they should have to pay the rent.
This is the second offering of the day and things are heating up. We are offering a 14 x 68 mobile inside one of our parks. It's been in our rental pool for several years and have a very good track record. We're selling it for $23,400 and the return to date is $480 after lot rent and management fees. Call me toay with questions.
We offer a complete turn key program, we do everything and all you have to do it put your chec in the bank. These homes are in our own parks, we manage them, fill and repair. management fees are 8%, new lease fees are $250 and repairs are billed out at $20 per hour plus parts.
We have a new offering, as most know we own and manage mobile home and RV parks accross the country. Inside some of these parks we have investors that own rental homes, we do a turn key program for them, manage, fill and repairs. Today we have 6 homes turning $2,625 pre month, combined, for sale for $146,902. You can buy them all or just one or two at at time. Contact me for more info. These never last long so it's first cash first serve.
Get ready for our next big project coming to a television, and every mobile device near you.
YOU’VE SEEN IT BEFORE, low income housing. Fix it up, repair it, and improve it. Immediately it begins to fall apart again. Crime moves in, and spills over into surrounding neighborhoods and beyond. The tenants themselves are sometimes the source of the destruction. So why should we care, and what can we do? Those residents obviously like to live that way, right?
EVERYONE, NO MATTER THEIR INCOME LEVEL, DESERVES A SAFE PLACE TO LIVE and to enjoy their life with respect and without fear. Unfortunately, the housing options available to low-income households have negative reputations in society. The quality of life within these communities is not what it should be. The rate of crime, drug abuse, and violence is often very high. This crime and the wasted taxpayer dollars negatively impact the entire community.
We believe that this does not need to be the case. A safe, happy life is possible no matter what your income level is. It’s been proven that people function better in a safe environment. Wouldn’t it improve our society as a whole if we could stop the cycle of destruction, and help empower low income families to take charge of their lives and homes, and improve their lot in life?
THE SOLUTION: THE RESIDENTS
EACH INDIVIDUAL residing in the property has their own story and needs. We believe that only a small percentage are truly destructive. Most, with the proper education and assistance, want to and will improve their conditions. We’ve been proving this successfully for many years.
WE DON’T NEED MORE POLICE, WE NEED FEWER CRIMINALS. We begin by spotting the criminal element inside the complex. It’s our belief that criminals are not criminals because they want to be, but are criminals because that’s the only way they know to survive. Some can be rehabilitated fairly easily, given the right education and conditions. This we provide through partnerships with other organizations. Those criminals—drug dealers, pimps, child molesters, sex offenders, thieves, racketeers, and gangsters -- who are not cooperative are banished from the community.
The remaining tenants, those who are interested in working toward a better life, are interviewed to determine the type of education and assistance they need to effect stable change in their lives. Our partners, experts in financial management, personal safety, career choices and training, small business opportunities, personal health and well being, help those willing to take charge of their own lives and their surroundings.
THE RESULT is a safe, sane, well run community, and residents who are empowered to better their conditions in life, and improve their self respect, no longer relying on public assistance, and contributing to the health and prosperity of all.
WATCH US WORK
WE WANT TO INSPIRE YOU! Watch us work. We’ll be posting photos and videos, and BLOGGING about our current projects. We hope that others will begin similar work in communities across the country and the world.
WE ARE HERE TO SUPPORT YOU with our decades of experience in the evaluation, purchase, rehabilitation and day to day management of your projects. Our goal is to take this model viral, improving the economy and the lives of low income families, and thereby improving our overall economy and community as a whole.
Watch an interview with John Hurd talking about this project.
We're on the road day and night between different locations, and wouldn't have it any other way. What a beautiful country we live in, and what better way to experience it than being in and RV with the whole family.