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

The best thing to do is to do your homework.

As pointed out above, do your homework.

A deal is a deal and if you get it under contract using the math as stated above you'll have interest from rehabbers and land lords.One thing you don't want to do is try and calculate their profit margin on a flip, IMO this doesn't make any sense and I'll tell you why.

Do your homework, and learn how to analyze the numbers and the area.

Options contract may not work in your state or in your local MLS, so do your homework.

Do your homework and get some facts, then please repost what you find.

I know there's mistakes in my reasoning and perhaps my math.

If you do your homework you should have a pretty good idea what the property is valued at.

If you're referring to an amortized loan, like a car loan or a mortgage, you do the math with a financial calculator or Excel.