All Forum Posts by: Travis Elliott

Charlie thank you for the in depth response. I appreciate it.  Sam thank you as well. 

Charlie.

I agree on the taxes. they are very high and I will check into it with someone at the court house.  As an example my house cost $370,000 and taxes are around 2500.00.  You said to make sure the taxes are real estate taxes and not personal property. What do you mean by this? What is the difference?

Lawn and snow should be zero in this case. there isnt a community park area that needs to be mowed and I believe the street is city. I will find out this week.

As far as travel it is only a 40 minute drive so not too big of a deal.

Going to find out about electricity. I think that they are city owned lights so i shouldn't have to pay any.

Water- In this town the city wont allow water to be put into tenants names. So it has to stay in the LL name. So i cant do individual meters. 

thanks for the reply Marshall.

I don't know the ins. The current owner doesn't have any lol.

Location doesn't matter. Let's say mid west

I will manage it my self

Water and sewer is city

Gas and electric are throught the utilitie co. 

Sewer is city

And roads are dirt do not too much maintance

So i posted this in a deal analysis forum and got one reply. Thought I would post it here for MHP knowledgeable men and women. 

Hi alll!!

I could use a little help with putting together a deal on a MHP.

I dont have all of the numbers but here is what I do have,

18 pad sites

16 mobiles are owned by the park. They are older homes ranging from 1972 to 1978

Currently the park brings in $5890.00 a month gross.

Water, sewer and garbage is $ 80.00 per unit per month or $ 1440.00 total per mo.

taxes per month are $ 641.00 or per year they are $7700.00 

If i were to only figure in pad rent it would be $250.00 per spot 250.00 x 16 = 4000.00 a mo

Payment= ???

So that is the info that I have right now.

Can you guys give me some kind of idea what this place is worth?

Any info is appreciated.

Thank you

Travis

Ok last BUMP for info!!!!

Bump 

Anyone?

Pad rent is $240.00 per

Hi alll!!

I could use a little help with putting together a deal on a MHP. 

I dont have all of the numbers but here is what I do have,

18 pad sites 

16 mobiles are owned by the park. They are older homes ranging from 1972 to 1978

Currently the park brings in $5890.00 a month gross.

Water, sewer and garbage is $ 80.00 per unit per month or  $ 1440.00 total per mo.

taxes are $7700.00 per year or $ 641.00 per mo

Payment= ???

So that is the info that I have right now.

Can you guys give me some kind of idea what this place is worth?

Thanks much

Travis

Any other good suggestions?

Hubzu and homesearch turned up nothing. 

Thanks Wayne Brooks