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Updated almost 5 years ago on . Most recent reply

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Taylor Smith
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Mobile Home Park Finances

Taylor Smith
Posted

I have received the Finances on 3 mobile home parks. I have the memorandum and am really interested in buying one. Apart from not knowing if I'd be able to get the loan. I don't really know how much these things are truly worth besides the asking price. I also don't know how much cash flow I could truly get. In the memorandum on one them it shows a 40,000 cash flow but an asking price of 985,000. I don't seem to know what I'm looking for or how to read all the Finances I want to be well educated in it all but don't know who would know how to work the numbers. I don't want another investor because I don't want it to be stolen from me as well as I don't know any. I know mobile home owners but they were parks handed down to them. Who should I go to?

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