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Mobile Home Financing West Plains MO

The formula for a successful real estate deal has not changed. The elements are the same today as they have been since the first Neanderthal figured out he had the cave with the highest and best use (value).

Express Stops
(816) 347-9662
1650 SW Market St
Lees Summit, MO
Models Available
Toy Hauler Rentals

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Rec Tec Inc
(314) 551-9912
5933 Byassee Dr
Hazelwood, MO
Models Available
Toy Hauler Rentals

Data Provided by:
M.B. Thomas RV Sales
(800) 392-5655
275 Lemay Ferry Rd
Saint Louis, MO
 
Coachlight RV Sales
(800) 799-7444
5327 S Garrison Ave
Carthage, MO
 
Apache Village RV Center
(877) 665-4449
9001 Dunn Rd
Hazelwood, MO
 
Browns Mobile Home Repair
(816) 813-3184
518 S Huntsman
Raymore, MO

Data Provided by:
Colaw RV
(877) 548-2125
10389 Cimmaron Rd.
Carthage, MO
 
Byerly RV
(636) 938-2000
295 East Fifth Street
Eureka, MO
 
Trailside RV Center
(888) 860-7802
700 R.D. Mize Road
Grain Valley, MO
 
Beilstein Camper Sales
(800) 748-7187
28248 327th Ave.
La Grange, MO
 
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Buy Your Mobile Home Park at the Intersection

Russell JamesSuccessful real estate and other investments usually require a business plan. The recent meltdown of our capital markets, equities (stock market) and housing bubble painfully illustrates that no business plan was being followed; rather society was resting on the inflationary momentum of irresponsible credit extension. Thus, the paper wealth illusion has been erased almost overnight, not to mention the disruption of business, individual lifestyles and tremendous uncertainty for the future. But, the harsh reality is that with every disaster, there is opportunity.

The formula for a successful real estate deal has not changed. The elements are the same today as they have been since the first Neanderthal figured out he had the cave with the highest and best use (value).

Capital markets are national.

The capital (money) to finance your mobile home park acquisition can be in the form of debt or equity. Debt capital includes loans from banks and financial institutions. As we discussed earlier, credit in the form of debt capital from banks is gut shot and moaning in the thicket. But unlike the bushwhacker in the cowboy movies, it will not die, but live to work for us all again. It has too. Seventy percent of the U.S. economy is funded by consumer spending and our government (the invisible hand) is taking steps to make sure the appropriate aggregate demand drives us back to prosperity.

Banks will soon be providing low interest loans. Tip: Ask your local bank if it holds and services its own paper (loan). If the answer is yes, it is not securitized but remains in the community in which you are purchasing real estate. Good debt is leverage, and as Archimedes stated, with a long enough lever you can move the earth. Bad debt with high interest rates and onerous terms is bad business. Debt capital (loans) offered to you with fair interest rates but mandating over-collateralization should be re-negotiated. 

Equity capital includes private funding from friends and family members (sometimes, but not always the same people), local investors, maybe your doctor or plumber, and often involves selling stock or a percentage of ownership in your mobile home park. If you are confident with your numbers and can provide a return of 8 - 12%, equity capital may work for a particular deal. Offering unrealistic returns is a predicator of failure and scares money people away. Tip: Control investor influence through a well written shareholder's agreement and offer non-voting shares.  You can sell 95% of your stock and control 100% of the voting rights. 

Space markets are local.

Whether you utilize debt or equity capital, the challenge now becomes the space market. The space market is local and by definition it will always remain local. The money is the easy part. Understanding the space market well enough to invest your capital...

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