Purchasing Apt. Or Mobile Home Pk
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?
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?
You need to run the numbers. i.e. find out ALL of the income and expenses and compare the deals.
what are all the numbers you need to crunch, what formulas? I am interested in knowing where to start from square one.
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.
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Check out the Lender tab above..
http://www.thecreativeinvestor.com/commercial/LenderFinder-index.html
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