All Forum Posts by: Andriy Boychuk

@Tim Burdette You should request P&L statement for the last 1-3 years and the rent roll. Is the park in a good market area?

How much is the lot rent?
Will the seller provide financing for you?

The main question. What is your exit strategy? 

25-30% However, it all depends on the park size and the loan amount.

@Joseph Catalano I am planning to buy a mobile home park as well using the strategy :)

@Ian Tudor congratulation. It is an amazing deal. 

It would be nice to hear the full store on BP podcast :) What do you think @Brandon Turner ?

@Laura H. (22 x 300 x 0.5 x 12) / 0.15 = $264,000
15 cap
0.5 expense ratio since the park is small. 

@Danny N. I recommend reading this post

https://www.biggerpockets.com/forums/44/topics/459773-mobile-home-park-construction

@Scott Esmail is it your first park? 
1. After a quick evaluation I will pay $250,000 for this property

2. How much do you plan to invest for capital improvement?

3. I agree with @Thomas S. it should be at least 15 cap park. 

"Are there any states with less-than-desirable traits/state laws/tenant rules?"
@Laura H. I asked the similar question 2 years ago on MHU forum. People told me to avoid NY and CA because those are tenant friendly state and both have rent control. 

My personal take is if the deal makes financial sense so the "Margin Of Safety" is big enough, I will invest in any state.

@Teddy Smith I agree @John Fedro  provide great information for free. Also, I took his program. 

@Angela Yan

typically it is 25% down for 40+ lots parks and 30%+ for the smaller parks.