Dave Reynolds
Dave's latest writings
Where to Find Mobile Home Parks to Buy
When starting your search to buy a mobile home park there are several ways to do this. I would suggest trying each of these as they will all give you a different perspective and comparables to evaluate. Then when you find the park that seems to fit, you will have the knowledge and be able to move quickly. If you wait too long, you will most likely find out it is under contact. So it is best to be ready when the time... (posted by Dave 4 years 139 days ago.)
When starting your search to buy a mobile home park there are several ways to do this. I would suggest trying each of these as they will all give you a different perspective and comparables to evaluate. Then when you find the park that seems to fit, you will have the knowledge and be able to move quickly. If you wait too long, you will most likely find out it is under contact. So it is best to be ready when the time... (posted by Dave 4 years 139 days ago.)
Mobile Home Parks vs Single Family Homes & Apartments
Advantages of purchasing/owning a mobile home park as compared to apartments and other real estate: There has always been and will always be a need for affordable housing. The typical mobile home park is just that… affordable housing. It is typically accepted that the average operating expenses for a mobile home park are usually around 35-40% of the gross income as compared to apartments which... (posted by Dave 4 years 139 days ago.)
Advantages of purchasing/owning a mobile home park as compared to apartments and other real estate: There has always been and will always be a need for affordable housing. The typical mobile home park is just that… affordable housing. It is typically accepted that the average operating expenses for a mobile home park are usually around 35-40% of the gross income as compared to apartments which... (posted by Dave 4 years 139 days ago.)
Mobile Home Park Due Diligence
When you put a mobile home park under contract you will definitely want to have a stipulation in the contract that will allow you confirm what the seller has said so far as well as evaluate the overall feasibility of the purchase. Due Diligence will look at the physical, economic, demographic and market feasibility of the project. This time period is usually between 30 and 60 days. In conducting your due diligence you... (posted by Dave 4 years 139 days ago.)
When you put a mobile home park under contract you will definitely want to have a stipulation in the contract that will allow you confirm what the seller has said so far as well as evaluate the overall feasibility of the purchase. Due Diligence will look at the physical, economic, demographic and market feasibility of the project. This time period is usually between 30 and 60 days. In conducting your due diligence you... (posted by Dave 4 years 139 days ago.)
How to Value a Mobile Home Park
Like most real estate the Seller usually wants too much and the purchaser wants to pay too little for a mobile home park. Certain buyers may have different motivations for buying a certain park (1031 money, ability to obtain better financing, conversions to other uses, and location to where they live). In this book we will only look only at the value of a mobile home park for the typical buyer who will continue to operate... (posted by Dave 4 years 139 days ago.)
Like most real estate the Seller usually wants too much and the purchaser wants to pay too little for a mobile home park. Certain buyers may have different motivations for buying a certain park (1031 money, ability to obtain better financing, conversions to other uses, and location to where they live). In this book we will only look only at the value of a mobile home park for the typical buyer who will continue to operate... (posted by Dave 4 years 139 days ago.)
Differences between buying a Mobile Home Park versus an RV Park
When considering the purchase of a mobile home park as compared to an RV park there are many factors to consider. While mobile home parks and RV parks are often sold by the same brokers and are combined in one facility, they are not the same and both require different amounts and types of management. The following comparisons are for Overnight/Destination RV parks as compared to the... (posted by Dave 4 years 139 days ago.)
When considering the purchase of a mobile home park as compared to an RV park there are many factors to consider. While mobile home parks and RV parks are often sold by the same brokers and are combined in one facility, they are not the same and both require different amounts and types of management. The following comparisons are for Overnight/Destination RV parks as compared to the... (posted by Dave 4 years 139 days ago.)
Copyright 2012 IcoLogic, Inc.
Generated live.