Real Estate Agent · Palo Alto, CA · Member since 2018 · 20 posts · 8 votes
Hi there. Just entered into a contract with 21 day due diligence in Augusta, GA. Would love advice, especially since this is my first mobile home park and first entry into Augusta, GA! Thank you!
Real Estate Investor · Ste. Genevieve, MO · Member since 2009 · 363 posts · 944 votes
7y
I can give you a quick price evaluation if you'll post the number of occupied lots, the lot rent, who pays the water and sewer, if it's city water/sewer or private, how many total lots the park has, and the metro population and median SF home price. I will also need the price you are paying to calculate the CAP rate.
Rental Property Investor · Augusta, GA · Member since 2017 · 25 posts · 4 votes
7y
@Cam Chan Congrats! I hope the deal works out for you. If you are out of state, you will need local property manager. I have some suggestions. Send me Private Message and we can chat about your deal and property management.