All Forum Posts by: Victoria Casanova

oh wow!  that is so helpful, thanks Tim! 

Hi BP, When looking at the rent estimator in the BP tools for multi family, I see where to enter the # of beds/baths but I am confused if that is per unit or total for the property?    I am also confused on the median rent $ number, is that the $ for 1 unit within the multi family or is that on $ number totaling all units/entireproperty?  It's quite confusing, would love someone's help here!  Thank you!!

I'm not sure what or how to go from here Mario.  Are there a series of steps I can follow if you think I should pursue it further?  And what would be an exceptional deal for this that you would you YES Do it and Why?

what's the upside?  Should I purse it ?  What should I ask for? 

550,000

Wait no, maybe it's not the homes being rented because it says: "Current lot rent is $335 with a planned lot rent increase in March."

Idk, you tell me Mario! 

It is a 26 pad park with 22 physical homes at the property with 21 tenant owned and one being prepared to be sold.  I have the rent roll.  To answer your question I believe it's the home that are rented, am I correct?  Why do I only want to consider lot rent?  And what's the difference?

It says it's at 85% occupancy.  The average MH lot rent is $335 with an operating expense of $32,600 at an expense ration of 34.5%.  Sooo. . . did i do my math right? 

 Thank you Hai, I will reach out to the seller.

Hey Mario! Thank you so much for the reply and insight! I greatly appreciate it and will def check out the training. The listing says the NOI is $61K. If I am doing my math right, I took the 61K and divided it by the purchase price and am getting .11. Would I be safe to assume it has an 11% cap rate? Is it worth pursuing further?

Thanks so much Mario

I am new here and have some cash and am looking to buy my first MF with a great COC return, but as we know the hunt is real. You said you can still find some great deals? How ? Where should i be looking? Please help! :)