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Updated almost 5 years ago,
Mobile Home Park Analysis-What am I missing?
Hi BP family! Jim here.
This is my first forum post. I just went PRO and am learning to analyze properties.
I took a look all over the country and ran into this Mobile Home Park. I used the BP "Buy and Hold" calculator and tried my best to be conservative. Obviously, having not seen inside the units I can't know exactly how much repair. I did see it needs a new septic system and used the most expensive estimate I could find online. I then added 15,000 more for unforeseen rehab. Even if I did a lot more, it still seems like it would math out. I'm almost certain that my first attempt would miss something but I can't see what yet.
https://www.biggerpockets.com/calculators/shared/1714497/58c84ecb-b699-4d66-ae10-66b6bab74085
PLEASE help me grow my education and savvy on these strategies! THANK YOU ALL!