Please help me decide what to offer.
Hey everyone. I'm evaluating 2 mobile home parks. This is my first time offering on this type of property. What is the best way to find the best offering price?
#1: 12 tenant owned, private septic and well, park pays garbage, $275 lot rent, 10 acres.
#2: 17 tenant owned, tenant pays their own city water/sewer/garbage, $204 lot rent, 2.6 acres.
I would like to purchase both, but I'm not sure what to offer. Comparables are hard to find and prices are so all over the place these days. Thanks!