Here's what I see when I walk through ANY mobile home park ๐
While most people see homes and lots, I see this formula in action.
Every conversation with residents reveals NOI opportunities. Every maintenance issue shows where the cap rate could compress.
๐ง๐ต๐ฒ ๐ฟ๐ฒ๐ฎ๐น ๐๐ฒ๐ฐ๐ฟ๐ฒ๐? Most park owners don't even track their true NOI. They're guessing at their value.
We bought our first park from an owner who thought it was worth $425K. After applying this formula correctly, it appraised at $1.75M in under 12 months.
Same property. Different understanding of the numbers.
Save this and start looking at parks differently ๐
#mobilehomeparks #realestateinvesting #duediligence #wealthbuilding #investing