HELP!

[Dustin Hope]

I am writing you guys to help me figure out if I can make this a deal or not?

It is a mobile home park, with 48 lots (leased for $150.00), no park owned homes, and pays for their own utilities, 44 lots occupied.

All Annually

These expenses are from the park,

Real estate taxes: $2593.50

Outdoor lighting: $672

Liability Insurance: $500

Lawn: $720

NOI:

The gross NOI is $79,200

I Would Add Or Change To The Following Expenses, Such As:

Management: $ 3,168

Other: $ 300

Lawn: $ 1500

Insurance: $ 1000

Travel: $ 800

Loan from bank:

Interest from bank: 6.5%

15 years amortization

Loan for down payment:

Interest for investors: 8%

Questions:

It seems every park I run into there is no money left after I pay back the bank and investors. Do any of you have any suggestions? Or is it simply not a deal….

This is what I would like to have. I am not sure if I have a realistic offer price of $381,000 for the seller once I pay back everyone and have cash flow of $15,000 to $20,000 for myself. What is a realistic number I should strive for in a deal?

I do not have the down payment and want to set up the deal and have someone else manage the park.

Is it possible to make this a deal? How would you structure it?

My main objective is maximum cash flow!!!