It’s a good back of the napkin but it’s not good for go no go

I do not suggest a  hand note written on a napkin...which I've gotten :).

Cap Rate=NOI/ValueValue=NOI/Cap RateNOI=Value/Cap RateThere are also back of the napkin methods that aren't always accurate but can give you a rough idea of the metric you are trying to solve for.

Or can you just write up an agreement on the back of a napkin and call it good (exaggeration, obviously)?

FrankThis is an awesome post and the first time I have seen it put this way - which is great for a back of napkin analysis on a MHP.

Washer and dryer are dirty on the outside but they do work.I have found probably about 40 pennies, they are everywhere.I did get some usable stuff before the guys from the bank cleaned it out (this was after closing when they finally finished): a hammer, 3 lace curtains, a set of cloth napkins, Tupperware, kitchen scissors (the kitchen stuff was sealed up thankfully).I haven't gone into the attic area yet but I do know there is some junk in there, not too much though.As far as filth, no feces other than a ton of mouse turds.

A friend sends these to me every morning. Some are spot on real estate.

Good Morning,

When God looks at you He says, "I accept you for who you are, as you are." God loves you unconditionally. D...

Separate that on your napkin as one value, then see how many acres are left.

I need a napkin because I'm drooling.

He wrote a compensation plan on a napkin which was a simple unilevel plan like Amway, which is a dinosaur in the United States.Make a real estate brokerage MLM that is a binary/unilevel hybrid like every other successful major MLM of the last 20 years.Personally, I think that's pretty complicated.