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Updated about 6 years ago,
[Calc Review] Help me analyze this deal
I'm looking at my first Mobile Home Park deal. I used the BP Rental Property Calculator. I have 8 duplexes, but MHPs are new for me. I've been trying to read and learn, and I'd like to pull the trigger on one. If you have experience with MHPs, can you give me some feed back on expenses? I have a great property manager that I'll convert these too. Also, I plan to convert the park owned trailers to tenant owned, and may have to do some rehab. I don't have that baked in at this time.
I'm looking for a lender as well. I've called a few and all so far have a $1M min.
*This link comes directly from our calculators, based on information input by the member who posted.