All Forum Posts by: Andriy Boychuk

This is the question for @Brandon Turner. The creator of the calculators ;)

Thank you @Patrick H. . I am actually using both forums to get information. 

@Patrick H. My friend investor told me the same thing. I was curious to see if anybody else has another experience?

@Howard Abell thank you for the advice

@Belinda Lopez I understand.  Thank you

how big a loan for a mobile home park should be to be the non-recourse loan? 

@Belinda Lopez Thank you for the detailed explanation. I had couple lead from my direct marketing campaign. Those owners are not extremely motivated to sell, but they want to know my offer. Do you think it is not worth explaining to a park owner how I came up with my offer?

@Curt Smith thank you very much for the explanation. I will try your approach.

I know everybody has their own technique and not many would like to share, but it worth to ask. How would you follow up with a park owner who think your price is too low and not interested in it.

The industry standard formula to evaluate a park is

# of lots x caps x 12 months x expense factor x lot rent ($)

I understand it is basic and we should consider the market and etc. 

I do my offers based on the formula. However, many park owners come back to me with unrealistic (2 times or 3 times) asking price. They based their asking price on appraisal they did with real estate appraisal. How is accurate part appraisal? Is it is not very accurate, how can you explain it to a park owner?

You are welcome. If you find more information, please share it here. @Todd Willhoite

@Mark Gruetzmacher I usually offer what makes sense for me and I know for sure it is fair to the seller. As @William Noel said, there are not much competition for 18 units parks. 

Sorry, I forget to include you @Rick Fagan