Philip & Celeste Samonte's Buy Box

Key Numbers
6–16
Residential
beds
20–50
Commercial
beds
Creative
Deal
structure
Turnkey
Condition
preferred
1-Story
Stories
preferred
Target Markets
Massachusetts
Rhode Island
New Hampshire
Virginia
FloridaJacksonville
TexasHouston · San Antonio · Dallas
CaliforniaSacramento
Acquisition Criteria
  • 6–50 beds (residential or commercial)
  • Turnkey or light rehab only
  • Single-story preferred
  • Residential or Institutional zoning
Deal Structure
  • Subject-To (existing mortgage stays in place)
  • Seller Finance (owner carries the note)
  • Master Lease Option
SubTo Seller Finance MLO
Key Numbers
50+
Pads
minimum
$200K+
In-place NOI
or path to it
10%+
Cap rate
actual only
Property Criteria
  • 50+ pads · Bigger is fine
  • Sub-50 only with expansion land or exceptional terms
  • Full-hookup parks preferred
  • Transient and seasonal mix welcome
  • Tired owner, deferred maintenance — our lane
Value-Add Levers
  • Fill vacant pads + raise rents to market rate
  • Submeter electric + water — pass utilities through
  • Storage, laundry, propane, camp store, glamping
  • Add pads on extra acreage
  • Bring third-party management in-house
Target Markets
Tennessee
Georgia
South Carolina
North Carolina
Texas
Arizona
Any StateNear National Parks
Deal Structure
  • Terms drive the decision — no hard price ceiling
  • Seller financing · Subject-To · Low money down
  • Master Lease · Hybrid structures
  • All-cash on the right number
Seller Finance SubTo MLO All Cash