I have been reading on this forum and people mention different formulas for evaluating what a MHP is worth.  

Flip2freedom episode 77http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/podcast - LISTEN TO THIS TODAY!

So I made my first offer today a guy said he had a lake front home that was for sale for $169000 but the surround area not even the nicer houses were sell for that so I stuck to the formula and he said no BUT it's like the best day of my life because it's my first offer and all I did was try.

Feel free to PM me if you want my specific formula I'm happy to share it.

Generally i dont figure in CapX or vacancy, because my monthly positive should cover those across several properties, and i figure in big ticket stuff when i buy, my formula is based on after repaired investment (I.E.

What formulas are you guys using?

Flip2freedom episode 77http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/podcast - LISTEN TO THIS TODAY!

You need to find what formula works for investors in your area and work off that.

I will talk first about short term factors and then long term factors.Short Term Profitability We are able to consistently find properties which generate between 4% and 8% (assuming 20% down conventional financing) using the formula below.

I have learned a lot from David Lindahl.Also listening to the pod casts and reading is excellent .In one blog it tells you how to become a millionaire in seven years by a formula I think Brandon wrote that one and it really was light bulb for me it is excellent happy investing Heather Longfellow .