1) Get your ARV2) Multiply ARV by 70% - 75% to get your max project cost number3) Get a GC or someone with a good eye and walk the property and get a comprehensive budget together.4) Subtract the budget from the max project cost and that's your max offer/purchase price

I too, once had to learn new terms LOL!

Long term tenants & consistent income Lessons learned?

I just learned recently that CoStar is soooo expensive.

Excited to learn and really dive in.

The ZenBusiness Premium package and the local attorney are the two options I'm most strongly considering, given that they offer the most comprehensive services.On one hand, ZenBusiness seems like a streamlined, cost-effective way to get things rolling, especially with the added features of the Premium package.

You'd be surprised to learn that sometimes you will need to fix something; you'll need enough time to do so.

You need to learn.

Ultimately you'll want to make sure you have a good financial foundation and once that is set in place, learn your market, learn what to expect, stick with what you know or have the ability to learn and then you'll have a MUCH clearer picture of what to use those extra funds for.

Hello,I am currently a mobile home park / RV park broker in Dallas, TX.I see many folks are interested in learning about the industry and I would love to help out in any way I can.