Mobile Home Park Investing Video: How to Value a Mobile Home Park part 2 with Dan Ryu - Ep 5
Are you interested in investing in mobile home parks? Watch as I share my desktop screen and show you step-by-step how to invest in mobile home parks. This is the mobile home park investing Youtube series that I wish had existed when I first got started in mobile home park investing. These step-by-step videos will show you how to analyze trends in mobile home park investing, how to analyze mobile home park deals and markets, how to analyze returns from mobile home park investing, and how to avoid the pitfalls that can sink you as a mobile home park investor. WHY MOBILE HOME PARK INVESTING? “The largest mobile home park investors, Sun Communities and ELS Communities, have reported tech stock like returns of 4,127% 🚀 and 1,186% 🚀 returns since 2009” - WSJ, 2020 This week: Episode 5 - How much should you pay for a mobile home park? Part 2 Continuing on last week’s video, this week we dive into pricing mobile home parks and add in Cap Ex and Closing Costs 00:11 Review of Mobile Home Parks 00:39 Review of Mobile Home Park Housing Units 01:29 Review of Buying Cashflows 03:14 Preview: Looking at the entire lifecycle of a Mobile Home Park Investment 04:10 Getting an estimate of pricing using cap rates 05:01 Estimating market cap rates 06:18 Using cap rates to estimate pricing 06:36 Calculating Cap Rate - looking only at occupied lots 07:14 Estimating and itemizing expenses 08:16 Calculating price from Cap Rates 08:45 Cap Rate range for listed deals 09:06 The Dangers of Relying on Cap Rate for Pricing 09:29 Adding in Cap Ex and Closing Costs 10:10 Yield on Capital This series is brought to you by the Mobile Home Park Desktop. We are now posting weekly content geared toward investors who are looking to buy and operate mobile home parks. Topics that will be covered: 👉 How do know if a mobile home park is a good deal? 👉 Where should you buy mobile home parks? 👉 How much should you pay for a mobile home park? 👉 What’s the difference between a tenant and park owned home? 👉 How does mobile home park investing differ from apartment or single family home investing? 👉 How do I know if rents can be increased? ABOUT DAN RYU In the past 4 years, I've reviewed and underwritten thousands of deals, closed on 20 mobile home parks, performed market analysis and due diligence on every new acquisitions, and created dozens of park stabilizations plans. I'm also producer of a weekly mobile home park focused investing show called the Mobile Home Park Desktop. I’m open to: working with LP investors, potential JVs, or working with private equity groups / family offices looking to build out their mobile home park investments. FOR MORE INFORMATION about the Mobile Home Park Desktop, reach out to Dan Ryu on LinkedIn / danryu / danryu Other videos that you might find helpful when it comes to investing in mobile home parks: Mobile Home Park Investing for Beginners: • Mobile Home Park Investing for Beginners Mobile Home Park Investing with BiggerPockets: • Brandon Turner's Approach to Mobile Home P... Mobile Home Investing (not parks): • Why Mobile Home Investing Works Explained ... Also check out my channel for more content: MHP Desktop: How to Invest in Mobile Home Park Video Series: Episode 3: Different types of units in a mobile home park Episode 2: What is a mobile home park? Episode 1: How to Find Deals MHP Desktop: Mobile Home Park News and Industry Analysis: Episode 8: "Carlyle Groups $230m bet on 4 Mesa AZ mobile home parks - we dive into the numbers" Episode 7: "Large mobile home park investor experiences 30% unemployment among residents... how did that affect collections?" Episode 6: “Review of mobile home park investing giant ELS… and why lot rents should always be higher than your mobile home rent.” Episode 5: “Review of mobile home park investing giant Sun Communities… and why they’re projecting a $15-18m drop in Q2 NOI (Net Operating Income)” Episode 4: "Special Report: The Secret Group of Scientists and Billionaires working on a COVID 19 Plan... and how it might affect your investment" Episode 3: "Survey Says... mobile home parks will drop ____% - what do mobile home park owners themselves think?... PLUS April Rents numbers are in... find out how the industry did" Episode 2: "5x FEWER Mobile Home Park Deals? The impact of COVID 19... PLUS you CAN buy that for a dollar... mobile home park penny stocks" Episode 1: “Unemployment EXPLODES... Will mobile home parks IMPLODE?... PLUS is now the right time to buy? Some helpful tips." PLEASE LIKE AND SUBSCRIBE If you enjoyed the content, please LIKE and SUBSCRIBE to my YOUTUBE CHANNEL. 😁 https://www.youtube.com/c/danryu?sub_... Also this will keep you up to date with the latest content as it comes out. Thank you.. I appreciate every single one of my subscribers! 👍
