HI, Theres a park that is for sell in my area. I’ve read the 60/30 formula and its priced alittle high. BUt I want to run it by everyone.
Its a 8 space 1 acre, city water and sewer. 7 spaces have park owned MH, really old ones. One space empty. 5 are rented now at $250 a month for MH and lot together. I believe quite a few of those are rented to Illegals.
The areas not too bad , place could be spiffed up, doesnt need any real hauling off of old junk or anything, except maybe the MHs LOL. I’d like to remove the worse of the MHs and get newer repos and sell them out right and rent the lot. Of course this would take time and money. The lots should really rent for about 170-180. What do you think?
Can someone tell me about the anaalizer and where I can purchase it? Thanks