All Forum Posts by: Mike Stock

Thanks all! Scott, I'll look up your system.

Which self storage and apartment investing education programs would you recommend? Regards, Mike

What are some pros and cons of assuming a commercial loan from a seller? Is this a better option than seeking my own finance? Would banks still do an updated appraisal? Regards, Mike Stock

I appreciated all of the great feedback. Thank you!

I'm reaching out for some advice/thoughts with regard to purchasing empty mobile home parks. I'm looking at a 92 lot 100% vacant park, which has city water/sewer, no gas (but gas could be run from the street, and needs some minor road work. Comps for other lots in the area run $225. Questions: 1. How much would you pay per empty lot? 2. Will a company, such as Clayton Homes, work with a park owner to fill up the lots? If so, what typical deals are common and how much would I realistically have to spend? 3. How long would it take to stabilize a park like this? Thanks all! Mike

Scott, I may be taking you up on that very soon. I just wanted to see if there was a general and simple formula to check a ballpark price. I'm looking at a mobile home park that has storage units attached, which are not being utilized. Need to figure out what they are worth. 

Thanks again

Mike

Thanks Mike!

What are some basic rules of thumb or tips to evaluate self storage? 

Thank you. 

Thank you. I will. 

Thanks Barry!