What can you do when the seller wants a POF and you are buying parks through a syndication? The broker told me he can’t work with us on parks because it’s a syndication and there’s no POF, lol. Is there any way to show some type of POF for a syndication let’s say if you don’t have a bunch of money in your own bank account? Any work around that you guys have been able to use in this situation? TIA @Michael Pansolini @Ryan Narus

Hello Mobile Home Park Investors! I’m thrilled to announce the release of Version 1 of the MHP Pros Underwriting Model! You can download it now by heading over to the course portal under "Module 9: The Acquisitions Process," specifically Lesson 1: "The MHP Pros New and Improved Underwriting Model." A quick note: I haven’t filmed the walkthrough video yet, but I plan to do that after my (much-needed but poorly timed) vacation next week. In the meantime, for those of you with some Excel or modeling experience, feel free to dive right in and test out the model. If you need any help or want to see how it's applied in real-world scenarios, reach out to our rising MHP star, @Nikki Starke who just joined me for a walk through of the model on her most recent deal! Copyright Disclaimer: All tools and materials provided in this course are the intellectual property of The MHP Pros. These resources are for personal use only and may not be shared, reproduced, distributed, or transmitted in any form, whether digitally or otherwise, without the express written permission of The MHP Pros. Unauthorized use, distribution, or sharing of these materials is strictly prohibited and may result in legal action.

@Michael Pansolini first I want to thank you and @Ryan Narus so far for the course! So I was listening to the 5-minute evaluator module and it seems like you took the x100 number on the market rents not on the actual rents. I thought it was on what the park is renting for right now then x100 to get the price per pad and see if it’s close to the asking price. Unless I heard it incorrectly it sounded like you said figure out where the market lot rent should be at and then x100 multiply and if the asking price is lower then that could be a deal. Is If I am super confused. Do we use the x100 multiple on the actual lot rent or the pro forma market lot rent to see if we are within the asking price range to then make an offer? I apologize for my discrepancy and hopefully you understand where I am misunderstanding and you can explain. Thank you🙏🏼