Second, the brokers who perform these are often brokers with a lot of time on their hands, so the pool of brokers are the LEAST successful and newest brokersThird, the brokers are not educated in the proper METHODOLOGY to perform a valuation.Look, if you as a broker run some comps where the subject property is a SFR in a “cookie cutter” subdivision and the subjects age, style, amenities, condition, are similar to the comps being used, you’ve got a fair shot at a pretty accurate valuation.  

Not knowing the exact age of the trailer there is secondary financing out there for buyers of land and older mobiles that have been moved previously- but it is usually more expensive. 

Congrats on getting into real estate at a young age.

Differences (condition, bed/bath, age, amenities) are added/subtracted from the comps to determine the value of the subject property.

Take an inventory by age of all of your equipment.

In our age of digital nomads, seems like a potentially lucrative endeavor.

Purchase price: $182,250 Cash invested: $73,000- Residential area that is close to University of Rochester- Spent $20K in renovation of the aged unit and increased the rent from $750 to $1,450. 

Still, not knowing where you are going is tough.For military folks, eventually they usually decide on a hub where they want to plant roots (usually when kids are closer to school age) and then the hub stays and the party in the military comes back to the hub.You have the VA benefits and they are great.

The best advice I can give to a new investor at your age is to stay out of consumer debt and save as much as you can for your initial investment.

Age and type of Property How did you find this deal and how did you negotiate it?