All Forum Posts by: Dan Golden
Dan Golden has started 7 posts and replied 25 times.
Post: Mobile Home Park Valuation
- Dunkirk, MD
- Posts 26
- Votes 2
"Start by multiplying the number of occupied spaces by the monthly lot rent (lot rent ONLY, so for the park owned homes, only include the lot rent amount for each of those spaces) and then multiply by 12 months to arrive at the gross annual income."
How does one approach valuing a park that has nothing but park-owned homes and no carve out for lot rent?
Thanks @Jack Martin!
Post: Mobile Home Park Valuation
- Dunkirk, MD
- Posts 26
- Votes 2
"Start by multiplying the number of occupied spaces by the monthly lot rent (lot rent ONLY, so for the park owned homes, only include the lot rent amount for each of those spaces) and then multiply by 12 months to arrive at the gross annual income."
How does one approach valuing a park that has nothing but park-owned homes and no carve out for lot rent?
Post: Notes on Mobile Homes -- any special considerations?
- Dunkirk, MD
- Posts 26
- Votes 2
What town is this property in? Do you have anyone on the ground in FL that can put eyes on the property?
I saw a note offered on a mobile home where they put the mobile in mobile home. It's gone. Something to think about! Moving collateral is a special kind of problem.
Post: Notes on Mobile Homes -- any special considerations?
- Dunkirk, MD
- Posts 26
- Votes 2
@Dave Blackman The $10 you're mentioning is likely the consideration amount exchanged to make the contract enforceable, not the amount of the promissory note.
@Kathy Argento Did you ever sign up? If so, curious what your experience has been?
@Varinder Kumar why not? I'm interested elsewhere just wouldn't mind reviewing local.
@Chris Seveney yes, Baltimore is fine, thanks.
Seeking Maryland Notes, both NPN and PN.
Post: Tips on calling new borrower's NPN, intro, workouts, phone script
- Dunkirk, MD
- Posts 26
- Votes 2
@Josh Thomas @Chris Seveney I'd be up for meeting too!
Post: Getting Started with JV
- Dunkirk, MD
- Posts 26
- Votes 2
@Richard Allen Thank you for the back story. It is both motivating and exciting to hear how people got started. I understand often the hardest is the first note so I'm looking forward to that jump soon.
@Chase Thompson I'm plowing through the podcasts, great stuff.. I'm on 13 now, I have a bit more to go! Is the $50K number you and Richard mentioned for a single note? Could we jump in the swimming pool with less cash and simply go after a lower $ amount note? Would you guys advise against that?