All Forum Posts by: Joshua McGuire

Thanks Andriy. Yes, that's what I'm doing, too.  

Thanks John. Others have mentioned "signals" that help identify low hanging fruit (e.g., no online presence and w/in 5 miles of superwalmart), but I'm still wondering if their is an intermediary stage in financial analysis before digging into the expenses. I'll reach out to Ken. 

I'm hoping to get some advice from the experienced members here! I need some help vetting my triage methods.

If a park meets my basic criteria (# of spaces, local economy, etc.), I've been using the following two methods to quickly triage whether the numbers might work:

(1) Use an Effective Rent Multiplier and then compare it to the price to see if it's in the ballpark. For example, Effective Rent X (60 or 70 depending on whether the park pays water); if that number is within 35% of the asking price, I pass it to the second stage of analysis; and/or

(2) Estimate an NOI to see if I can get a 9-10 CAP on estimated normalized expenses. For example, I estimate NOI to be: Effective Rent - (35% or 45% of Effective Rent depending on whether the park pays water).

First, anything I need to change? Second, any other ideas for quickly determining (10 min or less?) whether it passes triage?

I know this is an old thread, but I really like insightly. Easy to use interface without all the deep customization that I honestly don't need. It integrates with Google Apps, too, which is nice given my heavy dependence on them. Bonus is that it is free for 2 users.