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Updated about 9 years ago on . Most recent reply

Mark Kvam's profile image
Mark Kvam's profile image
Mark Kvam
  • Investor
  • from West Point, Nebraska
  • Member since Feb 20, 2014
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Mark Kvam's profile image
Mark Kvam's profile image
Mark Kvam
  • Investor
  • from West Point, Nebraska
  • Member since Feb 20, 2014
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Mark Kvam
  • Investor
  • West Point, NE
1
Votes |
26
Posts
Mobile Home Park Investing

MHP Budget for Repair/Maint. and Cap. Ex

Mark Kvam
  • Investor
  • West Point, NE
Posted

Working on a offer on a small park. 19 owner occupied pads, with 30 storage units. 40 year old park, city sewer and water, 1 paved road. What should I budget for repair/maint. and Cap Ex? I have been using 5% for repair and 3% for Cap Ex. Seems high.  Park is in good shape now as is the paved road. Very little common grass to mow.  pads are fenced and tenants takes care of their own yard.

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