Question About First 10 Deals On Mobile Homes

i have recently done 10 deals and was wandering if anyone has seen roi returns over 500% it seems unreal but i am not sure i am doing the #'s right but i think i have even done a couple with over 1000%roi and even a 2000% roi is this even possible? I know without the real #'s would be hard to figure but i would like to know if anyone has seen roi like this if so any help would be helpful ,some #'s can be given to caculate if anyone knows the right calcs. thnaks in advance

Comments(3)

  • RunningQ22nd January, 2004

    Give us some numbers and we'll be able to see if the ROI is what you think they are...If they are what you said--GREAT! I don't doubt you at all. I'm currently working with an investor looking to buy some mobile home parks and when I crunched the #'s I was surprised by the ROI.

    Q

  • molotov22nd January, 2004

    I picked up a mobile home 2 weeks ago for $1200, will put about $800 into it. Another similar home in the same park in not nearly as nice a space as mine sold 3 months ago for $12,000.

    ROI = 600%. Answer to question: Yes.

    Way to go!

    MarkR

  • molotov22nd January, 2004

    jeez...my coffee had not kicked in:

    ROI = (SP - Cost Basis)/Cost Basis

    where:
    SP = Sales Price
    Cost Basis = Cost of purchase, repair, sales expenses, etc.

    ergo, my ROI will be 500% (using the other unit as a comp at $12K)

    Sorry for the early morning math misteak.

    MarkR

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