All Forum Posts by: Rina Amir

@JackB (not sure why it's not tagging....) I'm looking primarily in CA because that's where we're located, we're also open to West Coast but it will be hard for us to own property further away. 

Thanks Watson,

Is 6.21% CAP is it rather low? Or is it normal for CA?

@Radhika, my question is specific to MHP since the general quick calculation is # of occupied units x rent x 12 x 0.7 x 10 cap = offer

Asking price $1.425K 

24 x $358

7 x $390

1 x $458

3 x $358 empty 

No park owned units

Current cap 6.21%

asking price seems a little high to me. there are more expense numbers in the packet that I am questioning and will need clarification. According to my calculation the expenses are around 58% 

I realize you usually take 10% CAP into account. How do you figure out the specific market CAP? Like in CA there are probably different CAPs in different counties. San Jose will be different from Redding. Why multiply by 0.7?

Tamela, 

Have you calculated the ROI?

There are many calculations available online. While the purchase price to rent ratio seems pretty attractive you need to know you cash flow, and cash on cash return. Calculate all the expenses, including insurance, mortgage, taxes, HOA (if there's one) and also budget for inevitable repairs. Also I suggest you look into the rentability of this house just in case the tenant does move out. You never know what life can bring. You need to be able to find another renter in case this one leaves.

Another consideration is who will do the maintenance? Will you be managing the property yourself? Google "investment property calculator xls"  will bring you some spreadsheets. Perhaps there are some good ones here on the site. Perhaps search this term here on BP. I use a great excel sheet and can share it with you. PM me if interested. 

Hi, This seems like a great community! I will have to sit for hours and catch up. 

I am a new investor from CA. My husband and I own 2 single family homes in Ft. Worth TX, we managed to buy them 2 years ago before the prices went bonkers. We currently don't see the ROI we'd like, the market is too hot, houses are flying off the market within a day in the areas we are looking at.

We would like to keep investing but have been stalled and looked at other areas, such as NNN and MHP. The NNN market we decided is too risky and ROI not to our liking so we are off that so now we are left with MHP or Multi Family on the West Coast (CA, Oregon, Washington, Arizona, Idaho & Utah).

Would appreciate advice regarding identifying City/Metro areas in these states for each ad referrals to realtors who work in the field.