Frequently Asked Questions
Maybe you have a few questions. That’s okay; most people do. So here’s a quick collection of some of the questions people ask us… along with our answers. If you still have a question, don’t hesitate to contact us (or give us a call 415-525-9651) and we’ll be happy to answer it for you.
Q: Will you be listing my property on the MLS or actually buying it?
A: Great question. We’re not agents, and we don’t list property. We are professional Mobile Home Park buyers: We buy Mobile Home Parks that meet our purchasing criteria. From there we may repair the property and resell it to another owner or keep it as a rental ourselves. We’re not “Flippers”.
Q: Do you pay fair prices for properties?
A: Because of the way we buy our properties, we actually are able to pay very fair prices. In fact, we usually offer full market value (sometimes above, depending on the terms) because we put a lot of value in flexibility over price.
Q: How do you determine the price to offer on my property?
A: Great question and we’re an open book… so I’m glad you asked. Our process is rather simple. It’s all based on the Gross potential income, of the property (and of course, past performance)… then we figure in any deferred maintenance that we’d have to put money into immediately to get the property up to good condition, Then we look at Vacancy rate, operating expenses and NOI… and that’s it. So, please expect to provide us with some information about your property initially so we can make the offer (rents, income statement, vacancy rate, etc.).
Q: Are there any fees or commissions to work with you?
A: There are NO fees or commissions to work with us. We’ll make you an offer, and if its a fit… we’ll buy your Mobile Home Park. No hassle. No fees. We’re long-term buy and hold investors and usually work directly with sellers… but we do occasionally buy properties through real estate agents as well.
Q: Is there any obligation when I submit my info?
A: There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.