Eliot M.
Mobile Home Park Valuation once and for all
27 April 2018 | 6 replies
Frank Rolfe says: MHP value = Lot rent per month x # of units x 60 or 70Laura Cochran says: MHP value = (Lot rent x 12 x # units)/19% or higherBasic real estate common sense says: MHP value = NOI x market multiple (or divided by market Cap Rate... pick your fancy)The problem with using the NOI is that you can never trust a seller's numbers.
Jill Reid
In the family rehab and transfer - path of least resistance?
25 May 2018 | 2 replies
I have looked into adding my name to the deed as joint tenants, or tenants in common but my biggest concern is that if anything were to go wrong (e.g. while renting it out), my dad’s name would still be on the deed and therefore still partially liable (I would like to assume full legal liability).
Account Closed
Owner financing with bridge loan as down payment
27 April 2018 | 0 replies
Built in 1980's, some deferred maintenance, have not done inspection, I expect surprises--but since it is inhabitable I do not plan to make any value add changes until the bridge loan has been paid off.
Nathan Platter
Is my Biz partner deceiving the Lender about secret funds?
7 May 2018 | 7 replies
The Arrangement*Jack* and I met a few weeks ago, have a lot in common, and want to flip a house and share the profits 50/50.
Amaya Palmeri
Tax implications of selling primary residence
27 April 2018 | 2 replies
We live in CA which is a common law state if it helps.
Bill F.
Impact of Aging Millennials and New Construction on MF Values
15 May 2018 | 26 replies
There is a somewhat trend for people to live in smaller lower maintenance homes, this is not necessarily against MFH.
Brandon Cravens
Mobile Home Park Name Poll
30 April 2018 | 13 replies
I picked "UpTown Detailing" instead of anything with either my name or the common wash/soap/shine/etc references.
Tom Smith
Best way to figure out expenses to ask a property manager?
2 May 2020 | 2 replies
Utilities are generally public and you can call them to get averages, taxes are public as well and can be pulled either from a assessor website or at their office, insurance companies can give you cash value and replacement value quotes by giving them an address, general rule for running calculations for vacancy is 5-10% of gross income, I have seen maintenance expenses all over the map (anywhere from $300-750 or a % of the rent - those vary depending on the number of doors in the deal as well as how much deferred maintenance has to be dealt with or how much rehab you are going to do to negate the deferred maintenance), contracted services, call a few landscapers and get quotes and use those for your analysis.
Calvin Thomas
Problems renting multi-family in Albany / TBT
27 April 2018 | 4 replies
If the rest of your buildings are running smoothly, I'd say the only common denominator is that TBT PM.Another idea is to send a "secret shopper" to go through the tenant onboarding process on these vacant units.Yet another is to see if you can reach out to your remaining tenants (under the guise of a customer satisfaction survey, for example) to see if they can shed some light on it.
Katy Crystal Arnold
Commercial Property Types
27 April 2018 | 1 reply
What are the most common commercial properties types lenders lend on?