How To Value A Mobile Home Park And AVOID OVERPAYING
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What is a mobile home park investment worth? I’ll tell you the #1 mistake investors make causing them to overpay and potentially LOSE A LOT OF MONEY! It’s not the same as valuing a single family home but this video breaks down how to quickly gauge the value in bite size pieces so you can determine what you can pay when looking at a potential deal to lock in big profits.
I start out by breaking down the different approaches to valuing real estate. I walk you through the one that applies to manufactured home communities and other commercial property investments and how to determine the going rate of return investors demand in the market.
Next I walk you through the calculation you can do on your cell phone in less than 10 seconds.
It’s easy to see what a property is worth today and in the future, which reveals the value you add between when you purchase to when it is stabilized (ie YOUR PROFIT).
Since trailer parks are unique I walk through some of the variables you need to consider.
This episode will help you negotiate faster, take advantage of opportunities, and avoid wasting time on overpriced deals!