EDDIE HICKS Buyers Agent for Manufactured Housing Community investors
ASK EDDIE
ABOUT BUYING and SELLING
MANUFACTURED HOME COMMUNITIES
  • Frequently Asked Questions
  • How to Determine Selling Price
  • Selling your community to the residents?
  • Recomended Reading

    • How To Determine The Sales Price

    Pricing for investment grade manufactured home communities is based a “CAP rate”. In real estate appraisal, capitalization is the process of converting income, in the case of real estate net rental income, to a property value. The capitalization rate or CAP Rate for short, is the ratio of yearly net income to the property value. .

    For example, a community with

  • 150 sites
  • $300 per month rent
  • 10 vacant sites,
  • Annual operating expenses (before debt service) of $200,000

    Would have a value of:

    140 (rented) sites
    x $300 per mo x 12 mo
    $504,000 Income

    less $200,000 Expenses
    Equals $304,000 N.O.I.

    which is then divided by 9.0% cap rate (for this example) = $3,377,800 Value


    • Edward �Eddie� Hicks has been active in the manufactured housing industry since 1963. He is not only a Licensed Real-Estate Broker but also a Licensed Mortgage Broker. These combined backgrounds have contributed to his great success as a buyer's agent for investors seeking Manufactured Home Community properties. Mr. Hicks is a member of the Development Council of the Manufactured Housing Institute. Don't miss his popular "ASK EDDIE" contributions to the industry publication "The Journal of Manufactured Housing".


    How To Get An FHA Guaranteed Loan For Acquisition and Rehabilitation or Development of a MH Community 
    by Edward Hicks

    This new edition consists of 107 pages and includes all information necessary for making an application (with a qualified mortgagee) to HUD multi-family staff for FHA 207m m/h land lease community loans or FHA 221(d)4 apartment loans using HUD code home units.

    Contains FHA regulations, and forms needed for an application. Also includes construction cost estimator which is organized for major cities, by lot sizes.

    Includes forms, base costs, high cost percentages for many areas of the US, MAP regulations, plus charts, graphs, & forms.

    Print Book $39.95
    YOU WILL SAVE $16.00 WITH THE E-BOOK
    and can be reading it in just a few minuets
    E-Book only $29.95
    Download Now

     
    BUY A MOBILE HOME PARK

    Frequently Asked Questions   How to Determine Selling Price   Selling your community to the residents?   Recomended Reading



     


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