MHP #914: The Big Risk in Using a Sellers Repair and Maintenance Numbers When Running Evaluations

Today's episode is from Mobile Home Park #21 that originally aired on Aug. 8, 2016.

Charles and I will discuss mistake number 10 from our popular eBook, "The 21 Biggest Mistakes Investors Make When purchasing their First Mobile Home Park…and how to avoid them." We have all heard the phrase, "Use the seller's numbers" time and time again. This works great when you notice a seller is paying twice as much as they should for management or when your seller is paying for a utility you plan to pass through. However, this can quickly go awry when talking about repairs and maintenance, especially when the numbers are understated.  

 

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