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Purchasing Apt. Or Mobile Home Pk

joemamajoepapa profile photo
  • Wednesday, October 19, 2005 @ 11:41 PM EDT
  • 4 Comments
how do you know if an apt complex or mobile home park purchase is a good deal? Does it have to do with gross rent multiplier? How does it all work?
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  • groverm
    groverm15th October, 2005
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    You need to run the numbers. i.e. find out ALL of the income and expenses and compare the deals.

  • joemamajoepapa
    joemamajoepapa17th October, 2005
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    what are all the numbers you need to crunch, what formulas? I am interested in knowing where to start from square one.

  • achab
    achab19th October, 2005
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    Quote:
    On 2005-10-17 01:51, joemamajoepapa wrote:
    what are all the numbers you need to crunch, what formulas? I am interested in knowing where to start from square one.


    Hi Joe,

    Start by reading "How I turned $1,000 into $5 million in my spare time" by William Nickerson.
    [addsig]

  • norrist
    norrist31st October, 2005
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    Check out the Lender tab above..

    http://www.thecreativeinvestor.com/commercial/LenderFinder-index.html

    [addsig]

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