Updated over 6 years ago on . Most recent reply
Pricing Low Earning MHP
I’m looking at parks and I came across one that has some potential. However, it is only half full, a few homes need to be removed. When you subtract reported income from expenses there is only 3k profit per year. When pricing this park it seems that you’d want to get it for 40 or 50k. How do you price a park that isn’t really making any money? My inclination is to move on, but if there is a big enough deal to be made it might be worth a deeper look.