I have a few parks I’m looking at where the only income is POH rental income area. Lot rent is not even mentioned.
How are you guys evaluating these parks? I read on here that I just have to educate the seller that a bank won’t lend on the rental income. Is that the answer?
Also, I had a Broker telling me that you can’t just give POHs a “shell value”. They at least need to be valued at lot rent. Is that just BS that brokers try to sling?
Thanks for the help!