assessing true MH value

[Jason K.]

Good afternoon BP Gurus :D

So I'm a newbie investor (residential) and have learned alot on this site. I've recently gotten an itch to look into MH's and see how the game compares to the residential side..

I've been a realtor for several years now, and know how to locate & analyze good investment opps on MLS. (SFH, multi units, condos, town homes)

However, I do not know how to analyze & assess a mobile home's value. Where are you guys pulling comps to determine ARV for prospective deals? Maybe I'm missing the big picture here, but I want to learn how you guys go about determining the real value and/or ARV of a mobile home.

I was searching through ads earlier this morning and realized I have no idea if any of these could even be prospects because I have no idea how to assess their values.

Thanks in advance for your wisdom!

Jason

[Bill Gulley]

Hi, As I recall hearing Lonnie telling his story, he had a buyer before he bought it. Why don't you try adding your profit and seeing what you can get for it with your option in hand, you woun't even need to know what it's worth! Bill