How much to offer on Mobile Homes?

[Howard Grant]

Amisdt marketing for SFR, two very motivated manufactured home sellers appeared (a good problem)? One in an all age community, one in 55+. I've met with the 55+, property needs flooring and a little paint. All age says, brand new. My initial exit was to wholesale both. Which leads to my question, How do you determine your offer on Mobile homes? You don't know what you don't know, but I hope this question makes sense.

[Anthony Dooley]

I would buy and hold if you can. I value them like any other income producing asset, cash flow.  What is an acceptable rate of return after all expenses for you? Whatever that is, divide it into the net income of the property after all expenses including lot rent. That is my max offer not including repairs needed prior to rental. If you are wholesaling it, just offer 50%% of value and sell it for 75% of value.