Can I please get your opinion - Posted by Alfred

Posted by ray@lcorn on September 14, 2003 at 14:07:00:

See More,

I’ve had all four of the distractions you list in my life. And that is what they are… Distractions, temporary conditions subject to change anytime you decide to focus on what you have rather than what you don’t. It’s your choice.

Opportunity without the capacity to capture it is an illusion. Do not live in the world of illusions. “If only (insert bad stuff in my life) weren’t so, then I could be successful” is a victim’s mentality. You cannot be a victim as long as you have choices.

Start from where you are. Find a need that matches your present capacity and fill it. As you learn more, apply it. Develop your capacity in the areas that hold you back from doing what you want to do.


Can I please get your opinion - Posted by Alfred

Posted by Alfred on August 16, 2003 at 12:57:27:

I know this is not a lot of information, but I am not familiar with mobile home parks. I am looking at a park that has a potential of $12000 a month and a mortgage of $7000. The amount that I have listed as the monthly potential is if there is no vacancies. The park has 30 units. I know if this was normal houses this would be a favorable deal, does it change since it is mobile homes? Any help you can provide will be greatly appreciated.


Thank you.

Re: Can I please get your opinion - Posted by ray@lcorn

Posted by ray@lcorn on August 17, 2003 at 11:37:46:


With no more information than this I can only offer general guidance.

First, never value a property on potential income.

Second, document both income and expenses with past operating statements, tax returns and third party verifications.

Third, on a general basis, a pure land-lease MHP will run an expense ratio of around 35%. If the park has a considerable number of park-owned rental homes, the expenses will likely be 50% or more.

You may want to read my article “Analyzing Commercial Real Estate: Due Diligence” in the articles section of the website. the direct URL is

You might also want to read the four part series “Turning Trailer Courts Into Communities” by Doug Ottersberg, available in the Money Making Ideas section of the website ( The direct URL to the first installment is


Re: Can I please get your opinion - Posted by c.moore

Posted by c.moore on September 14, 2003 at 01:19:44:

how can a person like me who is disabled,broke,& have no transportaion,plushave bad credit,& suceed in this bussiness i would love your input thankyou