
19 November 2018 | 3 replies
The $1,000 estimate for the equipment isn't unreasonable, but my concern is that this system requires internet/cellular service to transmit data to the provider.

12 September 2017 | 6 replies
However, Black Knight Data & Analytics Executive Vice President Ben Graboske noted the federal government has some buffers in place to block a potential mortgage catastrophe.

16 September 2017 | 3 replies
My career is deadline driven and I may be focused on a deadline.2.

11 September 2017 | 2 replies
Use city-data to see where the low income and below poverty areas are.

12 September 2017 | 2 replies
Hi @Guido BertoliA big part of buying these types of properties is the slow compiling of data of what expenses should be in your target area.
12 September 2017 | 4 replies
Here are the key data points:Park info Located in Alabama61 lots25 owner occupied homes18 park owned homes (14 currently rented; 4 currently being repaired and should be rented soon)18 vacant lotsAvg lot rent - $160 (unknown what the market rate is but it doesn't sound like there has been a rent increase in at least a year, maybe more)Avg POH rent - $400Expense ratio - seller claims 26% but I'm estimating 35% for the lots and 50% for the POH'sCity water - individually meteredSeptic - good condition (allegedly); a couple were pumped last year, none this year (no lagoon thank heavens)Seller claims gross income $130k, expenses $30k, and NOI $100kI calculated gross income of ~$135k, expenses of $60k (55% on POH and 35% on lot rentals), and NOI of $75kOther infoMom & pop seller, but park is listed with a brokerPark has been on the market for > 3 years (recent price reduction)Greater metro area stats look goodPopulation = 115kMedian home price = $105kUnemployment < 8%Household income > $40kHousing vacancy ~ 15%Closest Walmart is 7 miles awayFreeway is 1.5 miles awayNumbersMy valuation is coming out about $80k-$100k under the seller's asking priceWith conventional financing I'd be hoping for a purchase price of $500k, $100k down @ 6% over 20 years (not sure if this is plausible or not)Assuming that financing, I'm expecting net cash flow of $40k (after debt service)Upside potential is in raising rent and filling the 18 vacant lotsFollowing the same assumptions above, raising rent $50 (if the market supports it) would change NOI to ~$90k and net cash flow of just over $50kFilling the vacant lots could potentially increase gross rent up to somewhere between $150k-$200k, depending on what the appropriate occupancy rate is for the areaWithout verifying any of the above information (haven't offered anything yet so there's a lot of DD left to do), the deal seems to make sense.

12 September 2017 | 3 replies
Additionally, I did not see you include any Holding or closing costs in your data.

10 November 2017 | 4 replies
I've driven through there on occasion and always wanted to get a look at that park but end up feeling a bit nervous.A friend has a place in 60618 and we tried to look there but it's very pricey now.

1 October 2017 | 55 replies
I have a similar one that I have been working on, but I like your clean look.No real data in it of course.Great find and nice cash flow!

1 June 2019 | 32 replies
With dedicated servers storing data the county number is limitless