Right next to the popukar areas and have that old formula of ugly or old house in great neighborhood.

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

Talk with a real estate attorney, or CPA; and you will hear the very same song.

Does anyone have a formula or estimate for calculating insurance cost for 12-32 unit properties that are Class B/C in Mobile, AL?

The simple ROI formula is profit divided by total cash out (leveraged funds excluded).This is why you can often see huge and even infinite ROI numbers when the cash outlay is minimal.Example, down payment, utilities paid, renovations costs not financed, insurance payments, and all other cash out of pocket equals your cash investment.

There are 9 Mobile Homes which are mostly 1990s, and only 4 are currently rented for a total of $2650/mo, 3 vacant,the remaining 2 need to be repaired, and the last pad is vacant. 3.4 Acres, city water (master meter), septic tank, and individual electric.The deal financing was $200k, $30k down, 6% interest, for 10 years.I know the unofficial formula is lot rent x # of units x 12 x .6(owner pays utilities) or .7(tenant pays utilities) x10 (CAP). then you add in the wholesale price of the mobile homes to get to your priceWe are planning on renting the land and home as a package deal.

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

As long as you can input the correct data into the right formulas, you should be just fine.

I gave yo the formula to do it properly and the way I do it.

(Let me know if you are able to see the formulas in the link)I know these questions are probably pretty basic, so thanks in advance for reading and any advice you can give meMax