
Maxwell Baker interviews Eric Wanck about a successful mobile home park deal in Alabama.
In this episode of The MHP Broker's Tips and Tricks Closing Cocktail podcast, Maxwell Baker, president of The Mobile Home Park Broker, interviewed The MHP Broker Eric Wanck about his Mobile Home Park transaction in Alabama. As with every Tips and Tricks podcast episode, this one is brought to you by The MHP Broker's proprietary Community Price Maximizer. Use this four-step system to get the highest price possible for your mobile home park or RV community when you sell it through The MHP Broker. Guaranteed. Call Max for details. Here Are The Show Highlights: Estate Drive was a deal they had out to market twice, and when it came back a year and a half later, it sold for probably $300,000 higher. (Eric, 01:35) The buyer was someone Eric had never worked with before, but he came through, had financing in place, and closed. (Eric, 02:14) It was a clean, turnkey community with paved roads, direct-billed city water, electronic payments, and management already in place. (Eric, 01:54) The property traded at a sub-8.5 cap on lot rent in a tertiary Alabama market. (Eric, 03:07) Max and Eric emphasized that every deal is different, and value comes down to local conditions, setup, and…
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