Mobile Home Park Valuation / Purchase
I'm looking at a mobile home park (new to mobile investing) The park has 8 units and owns all the units. Three years of financials shows 61K of gross income and 36K of net after all expenses. I think I'm getting a good deal at 340K but according to the formula above it should be valued at 306K. At a 340K purchase price it cash flows very well...am I missing something?
I just learned about the mobile home investing boot camp. I am interested in doing that but when I went to log on it didn't show any dates or locations. I'm reluctant to sign up if I don't know when and where it will be. Does anyone have any more info?