All Forum Posts by: Rod Blunk

Thank you all. Not sure it is a good deal trying to determine if others have looked into it.

@ Joel - The lots are big. Most of the homes are doublewides now with a few singles. Occupancy is about 95%.

They pay electric - Water (wells) and sewer are park owned (septic system). There is the opportunity to increase the lot rents to offset some of the wells.

The lot rents are $300 now but could be raised.

There is the potential to grow the park by 50 plus homes but will require $450K to a new sewer system before plats would be approved so to get the new growth I estimate you would need about $700k all in to do the infrastructure.

Thanks Joel

All together there is 90 homes occupied.

@ Josh - I have also seen ROT at Occupied lots X lot rents X 70 so with the two it could be $1.6 - $1.9 M if the numbers are true.

Thoughts?

Thank you

I know that the answer depends on the cash on cash or ROI but is there any way to estimate a community value by a rule of thumb for a price per lot? In other words I am looking at three star park with potential to go to a four star. It has room for growth Currently just shy of 100 lots with a 95 occupancy. Current per lot estimate is at $25K per lot.

I have tried to determine if that is too high or about right. The other data cash on cash and ROI will be above 20% with growth potential. I just wanted to see if there are other ways to look at the park by the numbers. The community is all owner owned homes.

Thanks

Hello. We are looking at other investment opportunities and diamonds are one of them. I wanted to see if any other folks out there have ventured into the diamond production . If so where did you get you research info. The ROI shows it is good but I want to see other research. Thank you

All,

I am looking for a couple of banks that would finance a mobile home park in Maryland. Does anyone have any good contacts?

The park is 95 lots with growth potential.

Thank you

Rod

Jay - send me a note to [email protected] on what you are looking to do. I am in Annapolis, MD.

Thanks

Rod Blunk

Daniel,

my wife's father is a general contractor in Annapolis MD and depending where would support you with your needs. His contact info:

Paul Pennoyer

Let him know that Rod (his son in law) sent you his way. He may be able to help you out. He has coordinated project for me in Maryland.

Rod

Do you have an address? What is the asking price? BR/BA? On market or behind the scenes. You are whole selling right?

Thanks

Rod

Mike are you providing the management company? Thanks. Rod

thank you Joel