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Updated almost 5 years ago on . Most recent reply
Analyzing a MHP all park owned homes
So trying to analyze a 25-50 unit MHP that has all park owned homes.
How should I go about breaking it down to make a strong yet realistic offer.
mid it were just lot rents it would be 225-275 from what I am currently estimating. And rents are only 520 average per unit. A 250-300 dollar spread to cover repairs and other issues doesn’t seem like a good number at all.
So do I break it down as a lot rent only park and pay an amount for the Mobile homes based on each individual value.
I’d like to sell off the mobile homes to the tenants and make it a lot rent only park but I need to first figure out a price that works.
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@Account Closed When estimating MHP, only account the lot rent and not the mobile homes rent. Also, plan to sell the homes down the road with a lease to buy option.