mobile home park

“And then in this business, the land business, probably you're going to have, let's just say, 30% in expenses. Being in the house business is the inverse. It's more like 70% expenses.”

“Another way to look at it, if there's funny business going on with the P&L, just look at what the park earns per month, and multiply by about 84.”

“A 10 cap with leverage means you're earning About 16% cash on cash before you do anything. If you don't improve it, you start with 16% cash.”

“Yeah, so for every dollar in rent, yeah, that I collect, I Keep 70 cents. Well, to then pay the mortgage, and then once I've paid the mortgage, then, which usually eats up half, then, you know, roughly the remaining half of that goes into my pocket.”

“I came across mobile home parks that were this quirky little, you know, one out of every hundred multifamily listings that I'd see online would be a mobile home park yielding Like three, 400 basis points more than apartments.”

“Basically in this business, if you're not earning 20% on your money, you're doing something radically wrong.”