Simple math- even on the low 3.0% end, I'm still earning more than the investor paying me 2.75%!

I think the math is the same as a 1% rule.

So, do the math and figure out the reality.

Do your homework and find those things out before you do anything.

The above post about the property is just to get looking at some real estate and working on numbers,etc. the basics.When I come home from Iraq, I want to be somewhat comfortable with working with the math part of real estate.

I am learning and haven't even made my 1st deal yet but Im doing my home work and getting prepared.I was wondering about business and credit and was going to start 2 LLC's in the up coming months.I remember reading a book about a professor at a university who held a class for students interested in business and real estate and was teaching these 18-22 year olds how to achieve a million dollars in credit and actually have cash flow (money in there pockets) of $200 a month or more with $200 start up money.

I have been doing my homework, and I am extremly optomistic. as mentioned before, all suggestions advice is welcomed!

I make my referral fees in line with how great of a deal it is and how much homework the birddog has done for me.

I'm new to mobile home investing.I've done some homework and have an idea on how to value parks but would like to get opinions from you who have more experience.I was hoping to get feedback on what this is worth and what I'm missing?

I'm new to mobile home investing.I've done some homework and have an idea on how to value parks.This seems like a good deal to me but would like to get opinions from you who have more experience.I was hoping to get feedback on what this is worth and if I'm missing any important factors that would affect the price.It's not a pretty park,older homes and low income area.The park is listed for $260,000 and has been appraised at $365,000.It was previously listed for $450,000.24 lots occupied by park owned homes free and clear.35k value19 currently rented at $9,400 monthly.5 need some work to put on pads,estimated $11,000 expense When full $11,000-$12,000 monthly income.Owner low balled expenses so I'll estimate 40%=$3,760.I asked about maintenance issues and he says it could use some landscaping,painting and may have to buy two new septic tanks soon.I'll use $10,000 as an estimate.If the DD works out I'd like to flip this for quick cash so I can build reserves for future deals.Let me know if this a deal.Thanks