All Forum Posts by: Meron Gashu

Amarillo tx. Seller is now asking 1.4 mil. The park will need to have submetered electricity and he doesn’t want to deal with all of that hence why he is looking to sell!

@Chad Carrodus yes now asking $1.4

Thank you so much :)!

@Brenden Mitchum thank you so much!!! I was trying to figure out how the market was in the area so calling around should give me a good idea!! Very helpful!

@Rachel H. Thank you!!

Any mobile home park experts/investors in here? I have a motivated seller...just not sure how to analyze the deal.

-100 lots ( 1 house , 68 mobile homes, 31 R/V)

-57/100 lots currently occupied

-New Rental space currently at $325/month + $45 for water and sewer

-Electric and Gas are submetered

-City sewer and water

-Close to shopping markets, elementary school, restaurants, park, lake

Annual income -$240K (June 2019-May 2020)

Expenses-

Taxes- 5k

Insurance-3K

Manager -4K

Cleaning and maintaining- 6K

Legal, licenses- 4K

Utilities- 80k

Repairs -12k

Total expenses- $114k

Net - $126K ( this is at 50% capacity)

Seller is asking $2.5mil

Any help would be great!

hello,

I am new to bigger pockets and would like to meet people with experience in wholeselling. I am ready to start this amazing journey in real estate and would like to network with those in Dallas who currently have experience.  Any help or advice would be appreciated. I

Thank you,  

Meron