Updated over 6 years ago on . Most recent reply
27 pad park deal, thoughts?
I am running the numbers for a deal I found near me, mostly as a thought experiment. Below is an image of the deal with actual numbers. Closing costs, rehab, and financing terms are a guestimate.
The seller owns 15/27 of the homes, which seems like a lot. Pads rent for $275, homes for $475 to 500. I do not know of the condition of the homes.
All utilities come from the city, so no on-site pumps or anything to worry about.
Let me know your thoughts or other questions to ask. Thanks!
Most Popular Reply
@Kyle Eckert
You really should take get the 30
day due diligence manual from the Mobile Home Park University. Way better than BP