29 min listen
Ep #12: Part 6 of The Biggest Mistakes Investors Make When Buying Their First Park and How to Avoid Them.
FromThe Mobile Home Park Investing Podcast - Real Estate Investing Niche
Ep #12: Part 6 of The Biggest Mistakes Investors Make When Buying Their First Park and How to Avoid Them.
FromThe Mobile Home Park Investing Podcast - Real Estate Investing Niche
ratings:
Length:
6 minutes
Released:
Jul 14, 2016
Format:
Podcast episode
Description
Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will discuss mistake number 6 from our popular eBook, “The 21 Biggest Mistakes Investors Make When purchasing their First Mobile Home Park…and how to avoid them.” This episode will cover why you need to adjust your property taxes when running your proforma. This is an area that gets overlooked by investors from time to time. It is also a miscalculation that can completely wipe out your return in the right circumstances. Most counties assess the property taxes by using comparable sales. This is very difficult in the park industry, because most counties haven’t seen a park sell in years. The assessed value on many parks is well below where they should be. Recommended Resources: Click Here to Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them
Released:
Jul 14, 2016
Format:
Podcast episode
Titles in the series (100)
Ep #13: Real World Due Diligence Lessons from Two Recent Visits to Parks We are Currently Under Contract on.: Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will discuss the down and dirty details of two recent on-site visits to parks we are currently in contract to purchase. Each one of these parks presented us with very... by The Mobile Home Park Investing Podcast - Real Estate Investing Niche