Collierville Trailer Park

Sent letter to  Jean Cooke about trailer park on Rowlett St in Collierville.  Her son in law Tim Clay (home 756-4853 office 842-1019) called me back a few days later.  Tim works for Cornerstone Systems which is a transportation co of some kind.

He said Jean Cooke has Alzheimers and her daughter runs the park.  They turned down an offer for $1.1 million a couple of years ago he said.  He did not know how many lots were in park but I counted approx 34.  He said that all but 2 trailers were owned by the occupants.  They got the 2 when occupants left.  He estimated that the average lot rental was $200 or $220.  He said that due to economic downturn they thought park was worth around $1 million.

I called Canada Trace Mobile home park (388-3053) today and talked to Michelle.  She said lots are $330 per month for single wide.  You have to pay them for water sewer and property taxes each month too.  That's probably less than $50 per month.  So I would think the residents at the ColliervilleTrailer Park could be reaised to the same $330.  ??????

Tim said he would get his sister in law to call me to tell me more specifics about property.  Here name is Gail Cook Akey.

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22-Feb-2010

Ms. Jean Cooke
1697 Halleford Circle
Germantown TN 38139

Mobile Home Park on at West and Rowlett in Collierville

Ms. Cooke:

I am writing to ask if you would consider selling the mobile home park you own on Rowlett St. in Collierville.  I am a local real estate developer and my office is down the street from your park.  I drive past it often and decided that I would contact you.

I am a 52 year old native Memphian.  My father, George T. Nickey, and I have developed lots of local commercial real estate, so I know a good bit about property management.  I have a good relationship at a couple of local banks, so I think I could get a mortgage on that property.  I have enough money to make a down payment without having to look around for partners.

I'd like to talk to you about the property if you care to discuss it.  Please contact me at the number or address below.  Thank you.

Sincerely,

Goal for next 18 months

Buy or start new business that generates cashflow of $50,000 or more. This will substantially pay for living expenses. Deadline: 12-Aug-2011.

Memphis college of art designers

James Hart (318.286.5752) (jamey22@gmail.com) did design for "For Lease" signs at Cotton Plant. Mark Waguespack (markwag123@yahoo.com) is another student from MCA who emailed me. I liked his work. Also Shumyla Jan emailed me. poster below is by Mark Waguespack.

Senatobia - Small mobile home park

Scott Madison (662-562-5238) called me today about a park in Senatobia I had called him about yesterday. I saw it on the Internet. He has 17 spaces and 5 or 6 existing park owned homes. They are in bad shape he said and only one I think is occupied. He and his dad own 3 other mobile home parks. He said you could move some more homes in and rent them for perhaps $350 per month.

Park is on highway 51 across from the Church of Christ. Go down I-55 and get off at Senatobia. Go west and go thru town and hit hwy 51. Go south for 2 or 3 blocks and there it is.

Garisson Estates trailer park - Tupelo MS

Robert Merchant 209-996-4075 is owner. Asking 1.2 million. total of about 105 pads. 7 trailers owned by occupants. 47 trailers owned by park. 25 of the 47 are rented at average of about $450 per month. Manager is Don Reeves 662-386-5552. Call Don to go look at project.

Bradford Trace Mobile Home park

Hernando MS - agent is Steve Woodyard ((901) 842-5320). Asking price is $1.8 million. Address is 485 E Commerce Street, Hernando, MS. 74 pads and 43 homes owned by park and 6 homes owned by the occupant. Total land area is 8 acres.

Market timing

This article (excerpts below) was on Real Clear Markets 2-Feb-10

Stock market's real return? Paltry

by Anthony Mirhaydari

I'm not saying all this just to scare you; any investment return is subject to inflation, and stocks still beat most other investments.

But these studies lead me to an alternative investment approach that does much better than the conventional buy-and-hold wisdom and helps boost returns over these meager averages. There is a better way.

Use the simple 10-month moving average of the S&P 500 to time exposure to stocks. This calls for you to buy stocks when the S&P 500 crosses over its 10-month average and sell when it crosses beneath, investing the proceeds in safe, defensive assets such as cash or bonds.


MSN Money offers a 12-month overlay (which will reduce the sensitivity of the trading signal and help prevent false triggers). You can find the landing page for the S&P 500 Index here. You don't have to check on it every day. Just spend a few minutes looking at the moving average during times of market unrest. If you want to monitor the more sensitive trigger used in the study, Faber also maintains a collection of charts on stocks, bonds, commodities and real estate at his Web site.