The
MANUFACTURED HOUSING GLOBAL NETWORK
Home     Privacy & Security     Contact Us    
 
What do you want to know about manufactured housing?
Manufactured Housing Web Search
Home Search     Forum Search     Business Search    


Financing   Buy A Home Sell A Home Repair & Renovation Free Classifieds   Forums Books Insurance

Mobile Home Park for Sale Cody WY

Selling you park is a big moment for you. It is time to reap all the rewards of your hard work, risk-taking and judgment. So why not maximize the money that you can put in your pocket - or your 1031 account. There are some strategies that can increase the profitability of the sale enormously.

Ace Payday Loans
(307) 587-7173
1330 Beck Ave
Cody, WY
 
Northwest Mortgage
(307) 587-7277
1438 Sheridan Ave
Cody, WY
 
Big Horn Federal
(307) 587-5521
1701 Stampede Ave
Cody, WY
 
First National Bank of Gillette
(307) 686-3325
319 S Gillette Ave
Gillette, WY
 
Western Vista Federal Credit
(307) 472-0748
732 W Collins Dr
Casper, WY
 
Pinnacle Bank
(307) 527-9690
627 Yellowstone Ave
Cody, WY
 
Advance America Cash Advance
(307) 527-4052
318 Yellowstone Ave
Cody, WY
 
Wells Fargo Bank Na
(307) 686-2061
2610 S Douglas Hwy
Gillette, WY
 
Wells Fargo Home Mortgage
(307) 672-6333
611 Coffeen Ave
Sheridan, WY
 
4 T Pawn
(307) 686-5757
102 E Lakeway Rd
Gillette, WY
 

Successful Strategies for Selling you Mobile Home Park

SUCCESSFUL STRATEGIES FOR SELLING YOU MOBILE HOME PARK
Thu 01/15/09 11:33:06 pm
by Dave Reynolds

Selling you park is a big moment for you. It is time to reap all the rewards of your hard work, risk-taking and judgment. So why not maximize the money that you can put in your pocket - or your 1031 account. There are some strategies that can increase the profitability of the sale enormously.

Fine Tune Your Rent Months Before You Put It On The Market

Boosting the lot rent amount is the #1 way to increase cash flow on your park, leading to a higher sales price. Don't forget that, at a 10% cap rate, every dollar you make over a year is worth 10 times that amount to the buyer. That $20 rent increase you have been holding back on your 100 lot park is actually $20 x 100 x 12 x 10 = $240,000! So before you even think about printing that sales package, get your rents maximized.

Cut Your Expenses
Review each line item and cut everything you humanly can. Remember that the 10 x annual income refers to expenses, too. If you can save $2,000 in costs per month, then there is another $240,000 gain in value. Remember, though, that your expenses have to be real - you cannot cook the books and claim the park has no expenses at all - a bank is going to want to see expenses within the normal industry standards range of 30% to 45% of revenue.

Build A Great Package
The sales package is often your only attempt to sell the park. If the buyer does not understand or care for the package, he'll never call you back. Instead, you need a terrific presentation that attracts buyers and holds their interest. It should be easy to read and show current revenue and expenses, as well as nice photos and maps. Don't try and confuse your buyer with a lot of "Proforma" jargon (what the park could be) - it is just confusing and always begs the question "if it's so easy to do, why hasn't the seller already done it?"
For more strategies, come to our Summit conference entitled "Successful Mobile Home Park Strategies for the U.S. Recession , to be held in Anaheim, California on February 20 to 22, 2009. For tickets call  888-304-2333  or  get more details online . The economy may be done, but you don't have to be!     Dave  Reynolds has purchased 10 mobile home communities in the past 12 months alone.  He is immersed in the business every day with this website, his current ownership of 15 mobile home parks, and several more to come.  Dave has literally seen several thousands of potential mobile home parks to buy over the past 12 years and can look at a deal and decide within minutes whether it is worth looking at further.    If you have been thinking about Selling a Mobile Home Community and want to get the most potential buyers... Online or Offline... then find out more about Selling your Mobile Home Park   If you are an Investor looking to Profit in the M...

Click here to read the rest of the article from mobilehome.com


© Copyright 2008 Express Network Solutions
Manufactured Housing Global Network

Page Cached @ Tuesday, 18th January, 2011 @ 02:00am

Served by checkov .xpr.com
@ 02:01:59