On a commercial asset the value is directly based on the NOI (net operating income).

Buyer go to open house directly.We have this option in Minnesota now, and it looks like in 10 other states that I am aware of (California, Texas, Florida, Virginia, mostly the big population states).

I have several lenders that will go up to 80% of the value of your home with no seasoning requirements. 75% loan to value will give you better rates, and 3 to 6 months of seasoning will open up additional lenders which can further lower your rate options available to you.Happy to shop a bunch of lenders for you, reach out if you like!

Hello all. Does anyone have recommendations for HELOC lenders?Thanks!

Assuming a 40% expense ratio, the net operating income at the current income level would be around $19,440 annually and $28,800 after renovations.At a $360,000 asking price, the cap rate based on current NOI would be 5.4%, which is low for a park with park-owned homes and required renovations.

I love algorithm based cost seg studies.

It's a loan based on your revenues.

Have you consulted with lenders to discuss your budget and options?

Of course, I totally understand that you wouldn't want to do if that guide is written by another real estate agency, in which case you have option 2.b.

I find value in the 10k Club because it gives us lifetime access (without Subscription of $97/mo) to his tools for finding deals!