All Forum Posts by: Justin Ouchley

Hi Mark, I'm from West Monroe and from your post it looks like were headed down the same path. Let me know if you run across anything that looks good or I can help with. I'm always looking out for a good deal in the right school zone that has some upside potential.  Good to see someone else from the Monroe area on here. 

Make sure you're not paying for the mobiles and their income.  Most mom and pops want you to pay for this "income" in the sales price.  You should buy on a multiple that makes financial sense on the lot rent income only not including the mobile rents. The extra money from that rent will only go into upkeep and headaches especially for a long distance landlord. 

Make sure you're not paying for the mobiles and their income.  Most mom and pops want you to pay for this "income" in the sales price.  You should buy on a multiple that makes financial sense on the lot rent income only not including the mobile rents. The extra money from that rent will only go into upkeep and headaches especially for a long distance landlord.