All Forum Posts by: William Simmons

howdy!

where is the best place to start to see if water bill back is feasible in MT?  is this typically part of the landlord tenant act, city, or some other agency?

howdy aaron,

im in az, and would be interested in in partnering if you would be interested.

shoot me an email if you would like, or however it works.

w

thats a great point phil

yeah, thanks for the answers everyone!

i reckon, you could ALMOST say additional land is even a liability.... more taxes, more things to take care of, potentially more insurance

It really is useless to me... does it have value, sure, but not for a mobile home park, therefore I can't give it value...

any idea what the PAD, or lot rent is?

Howdy folks, just wanted to know, do u guys give any value to extra acres when buying a mhp property. I'm looking at one now that has 20 unused acres, though it's nice, it has no real value to me and my offer.  The 20 acres has value, yes, just not to me and I don't really want to pay for it.  What do you guys do in these situations?

Yo folks. So LOTS of MHPs have park owned homes and tenant owned homes. Purely TO parks are great because of less maintenance... I get it. And.... typical valuation on parks is -> lot rent x number  of lots x 12 x expense ratio divided be cap rate to come up with rough value.

What about valuing park owned homes and the rent the bring in..... there is some value in that, what's fair? I realize the home itself needs an assigned value, but is there a value given to the renter and their income?

Also... what about rv income? How does that affect value? Alot of parks have some rvs on them that have some income.

I don't think it's as easy as noi/desired cap.

Just curious what others think.

W

thanks Jefferson.

I appriciate all the info, I really do.  Once I start to get financials, I look forward to dieting them.

And... I've listened to all your podcasts. Each is super valueble!

W

Paul, amazing stuff and I really appriciate you taking the time to respond.  I'm most assuredly going to apply these rules as I continue my search and while I invistigate the park in question.

W