Kinda like Willy, huh? LOL - Posted by WilliamGA
Posted by WilliamGA on March 22, 2000 at 20:14:05:
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Sorta… - Posted by Jacob
Posted by Jacob on March 22, 2000 at 15:45:49:
Hey Nancy,
Hope things are going well with you.
I try not to have a set “formula” when I buy. Having said that, my target is to buy a home at 60% of the base value. I include any investment I might need to make in that figure. For example:
1984 Pretend 14x70
Base NADA value-$10,000
2 month’s lot rent-$600
marketing-$50
paint and misc rehab cost-$500
max I will pay for this pretend example-$4850
That is a formula I came up with when I started, and found it works for me. I don’t really worry what the book wholesale value is. No reason, I just like the way I figure it.
Hope that helps and makes some sense. If not, give me a holler.
Jacob
Did you order the software too?? - Posted by lyal
Posted by lyal on March 22, 2000 at 07:28:28:
Mark, I use the software to print out a nice looking “estimate of value” to show to buyer’s. Also made a really good impression on my banker 'cause it looks very professional.
Cost me 150 bucks for a 1yr subscription that is updated quarterly at no charge.
All the best, Lyal
Thanks for the kind words, HR. (nt) - Posted by Ben (NJ)
Posted by Ben (NJ) on March 21, 2000 at 21:58:51:
nt
Lyal, could you describe a typical deal you do? - Posted by OzarkMark
Posted by OzarkMark on March 22, 2000 at 22:54:23:
Hi Lyal,
I was wondering after I got your reply to my first post just exactly what it is you do. You say your banker is impressed by the MH appraisals you do…do you try to arrange financing for your buyers with a local bank? On MH’s that are in Parks? By the way, I ordered the CD today. Thanks in advance. -Mark