
30 July 2019 | 20 replies
I am still mobile but need to plan for the worst.I just have a few concerns (not excuses) preventing me from getting started.

29 July 2019 | 6 replies
.$505,882 in real value plus $90,000 of personal property = roughly $600,000 in value for the park as it sits.Your upside is in filling the remaining vacant lots, pushing the rent to $250+ over time, and renting the 6,000 sq. ft. building.Your greatest risk is the private water/sewer system, and the demand in a metro of only 33,000 (TEST AD ESSENTIAL).The potential value of this park is 25 lots x $250 x 12 x .6 = EBITDA $45,000 plus 3 stick builts x $600 x 12 x .6 = EBITDA $12,960 plus 1 commercial building $1,500 x 12 x .6 = $10,800 = TOTAL EBITDA OF $69,000 AT 8.5% CAP RATE = $811,764.The risk/reward scenario is decent because if you pay $600,000 and sell off $90,000 in mobile homes, you have $510,000 in deal and, assuming 25% down, you have invested $130,000 down and, if you can bring the park fully back to life, you have a profit of around $300,000 on your investment of $130,000, which is about a 2 x multiple which you should be able to harvest in less than 5 years if you work really hard and did great due diligence.

26 July 2019 | 1 reply
So much I created my own mobile barbershop business to service children who may be on the spectrum and can’t handle the barbershop environment and even seniors who are home bound, bonus is having a new friend they can look forward to seeing once or twice a month!

29 July 2019 | 1 reply
I would check other companies targeting Mobile homes in other areas.

7 August 2019 | 2 replies
Agree on the forum navigation especially on a mobile device.
27 July 2019 | 8 replies
I found a 9k Mobil home, seller is motivated and willing to accept offers. 55+ community.

28 July 2019 | 7 replies
I’m looking to buy 2 lots that already have tenant owned mobile homes on them that pay the landowner $375 mo in rent.

26 July 2019 | 0 replies
I'm looking for a reliable contractor for BRRRR deals in Mobile, AL.

26 July 2019 | 1 reply
I'm looking at purchasing a mobile home park and I can see in the Google images that several of the homes have chain link dog kennels/areas outside.

1 August 2019 | 7 replies
Also I would recommend looking for any Mechanics liens.