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Ep #59: The Dangers of Not Creating the Proper Budgets for Capital Expenditures and How To Avoid Making This Critical and Often Very Costly Mistake
FromThe Mobile Home Park Investing Podcast - Real Estate Investing Niche
Ep #59: The Dangers of Not Creating the Proper Budgets for Capital Expenditures and How To Avoid Making This Critical and Often Very Costly Mistake
FromThe Mobile Home Park Investing Podcast - Real Estate Investing Niche
ratings:
Length:
12 minutes
Released:
Apr 4, 2017
Format:
Podcast episode
Description
Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will discuss mistake number 14 from our popular eBook, “The 21 Biggest Mistakes Investors Make When purchasing their First Mobile Home Park…and how to avoid them.” As you go out into the market place and look for deals, a common theme you’ll see is that virtually none of the marketing packages pitched by brokers have a yearly allowance for capital expenditures. You must budget for these large capital items down the road. Every park will be different on this subject based on its unique characteristics. Parks with a large volume of park owned units will obviously require more frequent home repairs. Parks on private utilities will require you to save larger sums of money to deal with potential utility problems. Parks with dirt and gravel roads will need more frequent repairs to stay in good working order. Click Here to Grab a free copy of our latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Want to Learn How to Invest in The Lucrative Niche of Mobile Home Parks? Check out our Free Training that Will Teach You The Systems and Processes We Use To Find The Most Profitable Deals. Click Here to Learn More Have An Interest In Partnering with a Team with a Proven Track Record in the Mobile Home Park Space? Click HERE to Learn More About Our Partnership Opportunities.
Released:
Apr 4, 2017
Format:
Podcast episode
Titles in the series (100)
Ep #6: Part 3 of The Biggest Mistake Investors Make When Buying Their First Park...and How to Avoid Them: Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will discuss mistake number 3 from our popular eBook, “The 21 Biggest Mistakes Investors Make When purchasing their First Mobile Home Park…and how to avoid them.”... by The Mobile Home Park Investing Podcast - Real Estate Investing Niche