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18 August 2020 | 8 replies
But the seller probably won't sell it that cheap.Then you look at what the replacement cost is. 55 lots x $15,000 + land = around $1 million.Then you go to the end of the movie and work backwards so 55 x $190 + 300 x 12 x .7 = NOI $90,300 so it's worth about $1 million.Since most people on deals like this want to make at least double the value of the park, then it looks to me like the most you could pay is $500,000 less all needed cap-x (assume $100,000+) so a range of $150,000 to $400,000.Then you look at the risk to get to that reward and it would be 1) buying homes to fill the vacant lots, coupled with renting or selling them 2) any cap-x the park needs since it has been poorly maintained 3) obtaining and retaining financing due to the low occupancy and poor condition 4) negative cash flow until you get it in a condition to cover the mortgage (based on what you pay).The wildcard on this park is the lot rent, as $190 is really low in when the U.S. average is roughly $280.
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21 August 2020 | 4 replies
If you've never watched that movie, it's an absolute must!
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24 August 2020 | 4 replies
It was something out of a spy movie.
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28 August 2020 | 2 replies
My brother and his wife do a lot of gig work... movie extras, helping with production and such... she also has a part time job so she works on and off and he drives for uber or picks up other jobs between movies.
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5 September 2020 | 17 replies
All you talk about is beds, but can 12 people sit down comfortably to eat together at the dining table, or sit around the TV to watch a movie?
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15 September 2020 | 9 replies
Hi Jessica,So find another business partner, and invite your friends out to a fun movie (if your brave enough re COVID).Tail can't wag the dog (and that goes for both sides of this situation).Good Luck!
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2 November 2020 | 76 replies
I could totally be wrong, but I’ve seen this movie before.
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23 August 2020 | 3 replies
My 20+ years in film construction has proved the best table saw doesn't make me a better builder if I don't understand the foundation of a movie set.
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27 August 2020 | 19 replies
Probably just less traffic tickets.I assume the neighborhoods, at least the A and B neighborhoods will still have protection.I doubt it will revert to the old Clint Eastwood Vigilante Justice system of "Hang em High" ( a great movie btw).