Saturday, December 5, 2020

2021 Home Run Derby facts and stats

It now stands as the fourth-longest tater tracked by Statcast behind Soto’s 520-footer, Story’s 518-footer and Alonso’s 514-footer all clubbed on Monday night. • Alonso set the tone early with a staggering 35 homers in his matchup against Salvador Perez, blowing past the previous first-round record of 29 set by Vladimir Guerrero Jr. in 2019. This was the second derby since the format change in 2015 to feature tie-breaking rounds, as Juan Soto and Shohei Ohtani went to a swing-off in the first round. Winner Pete Alonso of the New York Mets tied his own record for most home runs hit in the final round with 23.

home run derby longest distance

Although two hours are scheduled in programming listings for the telecast, it has rarely ever been contained to the timeslot and consistently runs three to four hours. Chris Berman has gained notoriety for his annual hosting duties on ESPN, including his catchphrase, "Back back back...Gone!". Berman starts this phrase when the ball is hit, and does not say "Gone!" until the ball lands.

History

In the 1971 Midsummer Classic, slugger Reggie Jackson sent Dock Ellis’ pitch practically out of Tiger Stadium, with the ball bouncing off the roof as everyone in attendance just sat back in shock. The ESPN Home Run Tracker listed it at 539 feet, one of the longest homers hit in the recorded era. • In this Derby, 475 feet was the magic number, with any homer that long in regulation unlocking the full-minute bonus time. In a typical setting, that might have seemed daunting, but not at Coors. All eight competitors hit multiple 475-footers, led by Alonso with 20 and Ohtani with 14 .

First, we’ll rank the five longest since Statcast began tracking, as well as the five longest during that span that didn't have the benefit of taking place at Coors Field. Finally, we’ll round up some memorably gargantuan dingers from Derbies in the pre-Statcast era. It comes as no surprise that of the 10 farthest home runs hit, five happened at Coors Field.

Gold balls

Two other famous dingers that are worth digging into are a pair of legendary blasts, one by Mickey Mantle , and another by Minor Leaguer Joey Meyer . Going off older projected distance measurements, his farthest home run came 10 years earlier when he sent a Ryan Dempster pitch out of Wrigley Stadium all together. The future Hall of Famer ranks fifth out of this year’s contestants when it comes to biggest tape-measure homer in an MLB game. Pujols crushed his record home run 459 feet off Taylor Rogers in a July 4 Angels-Twins game back in 2017. Few people on the planet can describe the feeling of hitting a ball so far that even the camera operators have trouble tracking its flight. On June 21, 2019, Nomar Mazara joined that exclusive club -- and raised the bar for peak homer distance.

Acuña had already proven his power had matured to another level when he went 473 feet off Yankees ace Gerrit Cole earlier in the 2020 season. But this was an even more epic shot off Boston's Chris Mazza, reaching the concourse behind the seats in left-center field at Truist Park to give the Braves a 1-0 lead after just one at-bat. The Texas Rangers All-Star set his career mark against the Diamondbacks on Sept. 26, 2021, one of his final regular season games as a Dodger. He pulled a 464-foot bomb against Humberto Mejia for his second home run of the game in a 3-0 win for Los Angeles.

What time is the Home Run Derby?

With legal sports betting growing by the day, more and more prop betting markets become available for bettors. The Home Run Derby is no exception, with dozens of potential wagers being available on the derby. MLB bettors have already had plenty of money wagered on the Derby, as there have been odds movement on many markets, including this popular prop surrounding HR distance. Ramírez’s longest MLB home run came in a pretty inconsequential spot. The Cleveland third baseman entered as a pinch-hitter in the ninth inning against the Chicago White Sox on Sept. 8, 2015.

home run derby longest distance

But simple measurements, ballpark dimensions and first-hand accounts help us get a look at the longest MLB home runs since the game began. • Soto, as mentioned earlier, emerged with the longest distance of the night, at a Statcast Era record 520 feet. That’s 54 feet longer than Soto’s in-game record of 466 feet, which he set last August against the Mets at Citi Field. • “If it ain’t broke, don’t fix it,” the saying goes, and Alonso’s pull-side swing clearly wasn’t broken.

American League

Griffey was the epitome of cool in 1993, never more than when he blasted a ball over the right field wall at Camden Yards, across Eutaw Street and off the B&O Warehouse. A plaque still marks the spot, noting an estimated distance of 465 feet. Facing the Chicago White Sox on April 24, Minnesota Twins outfielder Byron Buxton made history.

home run derby longest distance

Weather concerns in 2015 led to a reduction in time from five minutes per round to four minutes. The clock was not stopped in the final minute, and one minute of bonus time was granted only for hitting two home runs of at least 425 feet (129.5 m). It’s been a turbulent career for Minnesota Twins slugger Miguel Sanó. An All-Star selection in 2017, Minnesota’s 6-foot-4 masher is more than capable of hitting one of the longest home runs ever. In August against the Boston Red Sox, Sanó uncorked a 495-foot cannon deep into the night at Fenway Park. We can only imagine how far the ball would have traveled if this moment happened at Coors Field.

Alonso, Griffey ( ) and Céspedes ( ) are the only sluggers to go back-to-back. In the case of a tie for 1st place in an age group, the tied participants will be brought back later for a final round. As long as the ball stays on field 8 and goes over the outfield fence, even if foul, it will count as a home run.

Ohtani’s 28 homers averaged 110.9 mph exit velocity, easily the hardest for any 2021 Derby slugger in any round (Alonso was second, averaging 108.8 in the final). • With 16 more homers in the semifinals and 23 in the finals, Alonso finished the night with a massive total of 74 long balls. That set a new record total for any Derby winner, surpassing the 61 hit by Giancarlo Stanton in 2016. As impressive as 74 homers is, it still falls well shy of the single-Derby record of 91 (!) bopped by Guerrero in a losing effort to Alonso in ‘19. Stanton belted the first 500-foot homer in Statcast™ history by extending way up the Coors Field bleachers in the left-center power gap.

Longest home run in Home Run Derby

It’s the most hitter-friendly MLB park thanks to the thin air helping make baseballs fly out of the stadium. Interestingly, Braves’ outfielders account for four of the longest MLB home runs in 2021. Adam Dunn hit 462 home runs in his career, earning a reputation as one of the best home-run threats during his era. On Aug. 10, 2004, in a matchup against the Los Angeles Dodgers, Dunn delivered a moment he’ll never forget.

home run derby longest distance

Friday, December 4, 2020

The Best Soil Test Kits of 2022

I received an email 6 days later with the results of the soil tests. I also received a bar chart that allowed me to visually see and compare the results, making them simple to understand. The quickest results come from tests that determine pH and moisture. At-home test kits and instruments can determine these two factors in mere seconds.

soil sample kit home depot

It provides testing result for all soil elements including pH, phosphorus, potassium, magnesium, calcium, boron, zinc, manganese, and iron. A detailed lab-based soil test kit and digital platform reveals exactly what plants need for a healthy growth cycle. Soil test kits feature pH strips, analog or digital meters, and chemical testing. Kensizer’s soil tester can help eliminate accidental overwatering by letting the user know if the soil is draining adequately. This battery-free tester is always ready to go and features double probes, one for testing pH and the other for testing moisture levels. It also has a light sensor for determining the amount of light that the plant is receiving.

Q. Are digital soil testers accurate?

SoilKit is a comprehensive lab-based soil test kit that provides all the supplies needed for quick and easy soil collection. Tested by one of the nation’s leading agricultural labs, SoilKit provides easy to read results and expert soil treatment recommendations to keep your lawn and garden healthy. SoilKit uses proven soil science to provide the fastest, most reliable route to success. As with the other soil samples I sent in the mail for professional testing, I used the same soil I’d gathered from various spots and then blended well. I spooned the soil into the cup, sealed it, and then went online and registered the barcode that came with the kit. The longest wait period comes when seeking professional laboratory results.

soil sample kit home depot

Kits with pH strips may expire in a few months, especially if they’re not kept in an airtight container. However, if they’re battery operated, they will require new batteries when the old ones run down. One thing I wish the manufacturer would have included, however, was a moisture-absorbent pack with the strips. The bottle was sealed, but once opened, the strips could have been exposed to humid air which might have reduced their shelf life. Three weeks later, however, the pH pads had all turned brownish, which I suspected was due to moist air getting in the bottle. Best of all, when the soil results from K-State came back, they were very close to the MySoil results, making me feel very comfortable with the quality of the MySoil lab results I received.

SoilKit keeps your lawn and garden healthy

Chemical test kits can be more complex, but they come with instructions on gathering soil samples, mixing them, and choosing the chemicals to use when conducting specific nutrient tests. Chemical kits often come with charts that explain what the different results mean, such as various color changes that occur when testing for particular macronutrients and micronutrients. My goal in testing the soil test kits was to determine how accurate each was, how easy they were to use, and how beneficial the results would be for our readers. The types of soil tests varied widely—from professional tests that required sending a soil sample to a lab to simple pH meters that determined a soil’s acid or alkaline level via a probe. I extensively researched dozens of soil test kits and products before choosing which ones to test, and I intentionally chose different types of kits because growers have very different needs.

soil sample kit home depot

It also takes the guesswork out of matching the results with its easy-to-read digital display. Everything is color-coded–N, P, and K correspond with purple, blue, and orange, respectively, while green is for pH. The lab took a little longer than I’d anticipated to get back to me, but in 11 days, I got an email directing me to log on for my results. I was impressed by the accuracy of the test results—they were right in line with the K-State results, and I also received customized recommendations for amending my soil to make it healthier. The Soil Savvy recommendations were broken down by synthetic and organic fertilizers—telling me exactly how much of each to apply per 1,000 square feet to amend the soil.

#3 SoilKit Soil Test Kit With Trowel

It accurately registers the soil’s pH level, moisture level, and the amount of light it’s getting—all at an attractive price point. I then tested both moisture and light levels in various garden spots, and the Atree again seemed accurate. While some of the soil tests were relatively complex, nothing could be simpler than measuring the soil’s moisture level, pH, and the amount of light it receives in a specific location. I tested the Kensizer meter in different spots in my garden and flower garden, and felt it was accurate. Several soil-testing products are available to determine the amounts of various nutrients and macronutrients in the soil. Among the most comprehensive tests are those that involve taking soil samples and sending them to a lab for analysis.

soil sample kit home depot

For sunlight measurement, you just need to ensure that the meter is towards the sun. It is so very simple to maintain, after use, take the probe out from the soil and wipe the probe to clean. SoilKit provides everything you need for successful soil testing including helpful tips and recommended products. Soil treatments are available that will either raise or lower the soil’s pH level, depending on what the gardener is growing. The second Luster Leaf kit in the lineup tests for nitrogen, phosphorus, and potash, but it takes some of the complexity out of testing via the use of color-coded capsules.

Also, find out the pros and cons of each product that I discovered during my hands-on tests. The best think you can do is know what kind of soil you are dealing with. I collected the soil as instructed – it is an extremely simple process – and mailed it on the pre-paid envelope. In less than 2 weeks, I had my results online and printable, along with recommendations for amendments.

soil sample kit home depot

I found the Garden Tutor Soil pH Test Strips to accurately determine the pH levels in various parts of my flower garden. The simplest of all the kits I tested, I had to mix soil from a specific area of my garden with water and then dip in a pH test strip. The best soil test kit to help achieve one gardener’s goals may not be the best for another because various kits offer different kinds of results. I tested multiple kits for accuracy, dependability, and ease of use. Ahead, learn what to look for when shopping for a soil test kit, and find out why the following products are well suited for helping determine soil deficiencies.

It takes you a little more effort than the HoldAll 3-in-1 meter, but is still very simple to use, do not require any skill or prior experience, provide fast and accurate result. A set includes 4 test tubes for different value, a stand holder for these tubes, pipette eye dropper, color chart, and a pH plant preference list, which offers ideal pH level of over 450 plants. It also comes with a instruction, which will guide you to adjust your soil condition. Healthy lawns and gardens start with a scientific soil test – but you shouldn’t need an advanced degree to understand what your test means. That’s why your SoilKit results include both a detailed read-out of your soil’s composition and expert recommendations of the products and quantities needed. Many DIY-type soil testers are available for testing everything from moisture and pH to the amount and type of nutrients in the soil.

Gardeners can increase accuracy by performing multiple tests in different spots of the garden and comparing the results. For commercial-scale growers, hydroponic growers, or gardeners who want the ultimate in precision pH testing, consider the Bluelab pH pen that provides highly accurate acid/alkaline results. The pen comes with a backlit LCD display and requires a AAA battery for operation.

Read Download Soil And Rock Anchors For Mobile Homes PDF PDF Download

In addition, there are many different types of anchoring and tie down systems. You should fully understand your local regulations regarding anchoring a manufactured home. For example, in some states, tie-downs and anchors are not required while in other states they are strictly required and inspected. It is always best to contact your local building inspector to be sure you don’t put yourself at risk. Check to make sure that the anchors aren’t being pulled up from the soil.

soil and rock anchors for mobile homes

Download Manufactured Home Installation in Flood Hazard Areas PDF full book. Access full book title Manufactured Home Installation in Flood Hazard Areas by DIANE Publishing Company. Access full book title Manufactured Home Installation in Flood Hazard Areas by . Download Monthly Catalog of United States Government Publications PDF full book.

Where to Purchase Mobile Home Anchors

Provides technical guidance on how to reduce the risk of flood damages to manufactured homes. Addresses techniques for elevating the manufactured home above anticipated flood levels and for adequately anchoring against flood and wind forces. Also includes "mobile homes." 38 tables, figures and photos.

Access full book title Building Technology Project Summaries by . Download NBS Special Publication PDF full book. Access full book title NBS Special Publication by .

Cite Data - Experimental

Access full book title Monthly Catalog of United States Government Publications by United States. Download NBS Building Science Series PDF full book. Access full book title NBS Building Science Series by . Download Ground Anchors and Anchored Structures PDF full book. Access full book title Ground Anchors and Anchored Structures by Petros P. Xanthakos.

soil and rock anchors for mobile homes

Many anchors are driven into the ground so that only a few inches are visible above ground. Anything more and the mobile home may not be getting the support it needs during periods of high winds or severe weather. No community reviews have been submitted for this work. For nearly 20 years MobileHomeRepair.com has been the leading resource for mobile home repairs, upgrades, maintenance, and enjoyment.

Lists containing this Book

The anchors that are necessary are dictated primarily on the type of lot the mobile home is situated on. Search for your book and save it on your Kindle device, PC, phones or tablets. Download Building Technology Project Summaries PDF full book.

soil and rock anchors for mobile homes

By definition, mobile homes are pre-built structures that are then transported to a specific site. And while mobile homes are often used as year-round, permanent homes, the fact that they can be transported or moved – if necessary – remains. Noting the portable nature of this type of housing, it shouldn’t come as a surprise that Mother Nature can take its toll on these types of housing units. Weather conditions like high winds, earthquakes, heavy storms and tornadoes have the potential to move or even tip a mobile home unit.

Try to look for signs of rusting or cracking on the tie down straps a few times a year. When you buy books using these links the Internet Archive may earn a small commission.

The ties, or straps, are typically constructed from steel and designed to either wrap around the mobile home and attach to ground anchors or secure the mobile home unit from underneath it, again attaching to ground anchors. In this piece, we’ll discuss everything you need to know about anchors and how they can help secure a mobile home. Mobile home anchors can be purchased from just about any hardware store and from some big box chain stores.

PDF EPUB Download

Download A Study of Reaction Forces on Mobile Home Foundations Caused by Wind and Flood Loads PDF full book. Access full book title A Study of Reaction Forces on Mobile Home Foundations Caused by Wind and Flood Loads by Felix Y. Yokel. Download Soil and Rock Anchors for Mobile Homes PDF full book. Access full book title Soil and Rock Anchors for Mobile Homes by William D. Kovacs. It is important to note that the requirements for your local area can vary quite a bit from what is shown above.

Our commitment is to you, the homeowner, repair professional, or friend lending a helping hand. The number of anchors you need will vary based on your grade and other factors. Many anchors are able to accommodate both a vertical and diagonal tie down on the same anchor. SeriesNBS building science series ; 107, NBS building science series ;, 107. Goodreads helps you keep track of books you want to read.

Unlike a big box store or a conventional hardware store, mobile homes are all that those who work in a specialty service and supply business do. They can help with the analysis of weather and wind maps, soil conditions and best assist their customers with the right products and know-how for a successful outcome. Treating anchorages as a direct application of the laws of statics and the theories governing the transfer of load, this book focuses on designs that are safe and reasonably priced.

soil and rock anchors for mobile homes

Following a general introduction in the first chapter, Part One goes on to explore anchor systems, components, installation and construction details. Presents special anchor systems such as extractable, compression-type, multibell, and regroutable anchors. Part Two considers uses and applications and design aspects of anchored structures; presents design examples of practical value and reasonable simplicity; and incorporates examples and case histories. Regardless of what type of anchoring is selected – top anchoring or frame anchoring – there are various ground anchors that will be utilized to secure the mobile home to a lot.

Thursday, December 3, 2020

2022 Manufactured Home Park Investing Guide

For example, if you can calculate or estimate the average electrical cost per day of an RV in the park, then you can take the actual power bill from the electrical company and divide through to see how many nights of occupancy there really was. You then multiply by the nightly rent and you should have a number that ties to that on the financial statements. CBRE Manufactured Housing encompasses investment sales, debt & structured finance and appraisal services nationwide for both manufactured housing and the closely related RV resort sector. I rode the MHP investing wave to the top, until inevitably the cat was officially out of the bag that MHP investing was highly profitable, proven, sustainable, reliable and repeatable. Prior to 2018 I was one of the only MHP Investors at any given real estate meet up or networking events, to which I heard a common response to this asset class “MHP’s are profitable?

mobile home cap rates

Mobile home parks provide a unique array of revenue streams. As we’ve seen in recent times, even during bullish markets, consumers are in a constant search for affordable housing. This may even contribute lower occupancy volatility during a variety of market climates down the road. Part of this resilience may be attributed to EGI’s large stake in mobile home parks. This is because, unlike multifamily and commercial, a majority of mobile home park value comes from land improvements. These land improvements include things such as roads, utility infrastructure, and park design.

Mobile Home Parks: An Overlooked Gem in Real Estate

Mobile home parks are residential subdivisions – investor owns the land and property infrastructure and typically only leases the land to homeowners. You will find some sellers that expense everything and then find the opposite where owners capitalize as much as possible to make the bottom line look better. Spend some time going through all the expenses and estimating future capital improvements.

With most multifamily projects, a majority of the operating income comes from the tenant rental income. However, mobile home parks’ income can come from a variety of sources. In today's economy, many financial institutions, investors and owners are faced with non- or under-performing MH/RV Communities, particularly in the wake of the ongoing credit crisis. MHG satisfies these unique client needs with a fully-integrated platform that specifically addresses the valuation/broker opinion of value, management, workout, restructuring and recovery of distressed MH/RV loans and assets. #1 is 4 to 5 star MHP’s that people choose to live in for non-financial reasons. These parks are often gated, even guarded communities that have paved streets with curbed gutters, amenities such as pools or community event center, and lot rents typically above $500 a month.

DON’T: Apply Cap Rate to Mobile Home Rent

I knew I had to laser focus on one asset class and one asset class only if I was to have the highest possibility of success. So, I looked at as many real estate asset classes as possible and looked at real life profit and loss statements for each of the main asset classes and noticed an unfair advantage that MHP’s had over other asset classes. Due to the incomparably high cash flow while owning a MHP, and the exciting proportionality-large equity payouts at the end of a MHP investment cycle it became clear very quickly that MHP investing was a wise move. When purchasing a mobile home park that has vacant lots which are ready to be occupied, what value, if any should you place on these lots?

mobile home cap rates

But since that time, both have created their own business model with little shared between the two. And one big difference is that many RV parks have a 2-point higher cap rate – but potentially for good cause. However, this issue can be used to your advantage if you buy the right RV park.

Investing in Mobile Home Parks

First is the fact that he, along with his partner Frank Rolfe, is the 5th largest owner of mobile home parks in the U.S. with over 20,000 lots spread out over 25 states. But he is equally well known for his ownership of MobileHomeParkStore.com - which was the first mobile home park listing service in the U.S. - and features between 750 and 1,000 mobile home parks for sale at any given time. Another factor in determination of an acceptable cap rate has to do with the requirements of your lender as well as the interest rates on the loan you use to purchase the property. If you are borrowing 80% at a 10% interest rate and are trying to buy the property at a 7% cap rate, you will have a large negative cash flow. On the flip side, if you are borrowing 80% at a 4% interest rate on a 7% cap rate, you should have a positive cash flow.

Ultimately, the two phrases refer to different iterations of the same concept and in many cases they are used interchangeably. I have worked as a commercial mortgage banker for the past 25 years and have encountered many surprises. But nothing that equals the call I got last week from a client that was making an offer on a 36-unit, C Class property in Greenville, South Carolina.

Our team has over 30 years of experience and we have built industry connections over the years that allow us to offer our clients access to properties that are not even listed on the market. These off-market properties are often much more reasonably priced than on-market properties are in the current seller’s market. Commercial real estate agents at TFS Properties are here to help.

This may sound counterintuitive, but while depreciation is a negative for single family homeowners, it’s actually a positive for real estate investors. That’s because depreciation allows the investor to deduct a portion of the real estate asset’s value from the operating profits each year, while your more or less fixed income from the property remains steady. Low Interest Rates – Cap rates have been coming down on apartment buildings pushing values up at a rapid rate since the recovery phase of the great recession in 2010, and even more so during the corona virus recession of 2020. During both recessions the Feds purchased an unprecedented amount of treasury and mortgage-backed security bonds that kept long term interest rates artificially low. These record low rates supported a much higher loan amount which made it feasible for buyers to get financing at a much higher sales price. Dave Reynolds is a household name in the mobile home park business for many reasons.

Limited Design Options

Yes, the homeowner can lose their home to the mobile home park if they are often in default for more than one month. Therefore they have a large incentive to pay their rent on time. Large Potential Equity Payouts at Sale of Asset – MHP’s have historically had high purchase caps in the double-digit range. This means those who purchased at 15% caps could later sell at 12% caps, those who purchased at 12% caps, could later sell at 9% caps and so on. Manufactured housing parks boast consistently higher tenant occupancy rates than multifamily investment properties like apartment buildings.

mobile home cap rates

It’s not that I didn’t like education, in fact, I’m obsessed with growth and education. It’s just wasn’t a fan of traditional schooling which I felt held me back from my creativity and full capabilities. I wasn’t excited about option #2 either, although that seemed the less of 2 evils, so I chose one of the top paying blue-collared professions, steel fabrication & welding. For example, there may be a pad minimum – commonly 15 pads or more are required to be eligible for financing.

These loans require a minimum of 50 pads and cannot have more than 25% park owned homes. Frank Rolfe has been an active investor in RV parks for nearly two decades. As a result of his large collection of RV and mobile home parks, he has amassed a virtual reference book of knowledge on what makes for a successful RV park investment, as well as the potential pitfalls that destroy many investors. By utilizing a 1031 Exchange an investor is able to defer that capital gains taxes owned by utilizing the funds from the sale of their existing investment property to exchange into the purchase of a new one.

mobile home cap rates

Why RV Parks Trade At Around 2 Points Higher Cap Rates Than Mobile Home Parks And How To Use That As A Tool To Make Better Buys If An RV Park Is Your Goal

There may also be road requirements , tenant home ownership minimum percentages, aesthetic requirements , HUD code adherence requirements, home density requirements, and amenity requirements. After a half a century of combined years in the real estate business, MHU.com is the only place that will give you the good, bad and the ugly details on Mobile Home Park Investing. ​If you are reading this, you are likely already thinking about a non-recourse bridge loan and now wondering what this has to do with a death in unit 146B. This article is about why you really should obtain a non-recourse bridge loan as opposed to a recourse one. Lower tenant turnover ratesTenants are less likely to move out if they own their homes.

mobile home cap rates

This loan program is for investors with poor credit or for mobile home parks that are not stabilized . Because of this process, mobile home parks create a solution for consumers looking to find affordable housing during tough economic times. Mobile homes provide those consumers with the opportunity to have access to affordable housing, and possibly even the privilege of homeownership above all.

Risks of Investing Manufactured Home Parks

Years ago the main income was from pad rents where now the value is in building a commercial strip mall or multi-family homes. This has its challenges but also has huge financial gains if successfully brought to completion. In 2018 BC parks have an allowable rent increase amount of 2.5% plus proportional amounts as published by the Tenancy Branch each year. (2012 – 4.3%) (2013 – 3.8%) (2014 – 2.2%) (2015 – 2.5%) (2016 – 2.9%) (2018 – 4.0%) (2019 – 2.5%) (2020 – 2.6%) (no increases due to Covid-10 for 2021) (2022 – 1.5%) (2023 – 2.0%).

mobile home cap rates

For those investors that seek immediate cash flow returns, mobile home parks are likely to be an attractive option. It was common that there would only be one buyer putting an offer in or negotiating to purchase a specific park. You could buy a park for up to and exceeding a 15% purchase cap rate.

How Much Are Manufactured Homes?

Due to the flaws in the first two methods I put all my efforts into valuing a mobile home park using the Income or Market Capitalization method. Under this method I take the Net Operating Income divided by the Capitalization Rate to come up with the Value. While this might sound like a simple process, it can be quite complex coming up with the true Net Operating Income and decided what cap rate to use in the formula. Regional Bank Mobile Home Park Loan – Rates can be fixed from 3 to 10 years and are tied to corresponding US Treasury Yields with corresponding terms and a 25 to 30 year amortization.

mobile home cap rates

First is the fact that he, along with his partner Frank Rolfe, is the 5th largest owner of mobile home parks in the U.S. with over 20,000 lots spread out over 25 states. But he is equally well known for his ownership of MobileHomeParkStore.com - which was the first mobile home park listing service in the U.S. - and features between 750 and 1,000 mobile home parks for sale at any given time. Another factor in determination of an acceptable cap rate has to do with the requirements of your lender as well as the interest rates on the loan you use to purchase the property. If you are borrowing 80% at a 10% interest rate and are trying to buy the property at a 7% cap rate, you will have a large negative cash flow. On the flip side, if you are borrowing 80% at a 4% interest rate on a 7% cap rate, you should have a positive cash flow.

Manufactured Housing

Zell began his career with residential property management, then moved into multifamily, and finally settled into the mobile home park niche. Mobile Home Park investing has helped billionaire Sam Zell become a commercial real estate investing legend. You can cut through much of the management hurdles of owning an RV park by self-managing it. While this is not required, many owners find they really enjoy replacing their day job with a career as their own boss, with a varied schedule and both outdoors and indoor assignments. Only select RV parks that are “destinations” and not “overnighter”.

There are guidelines that an investor must adhere to, but a 1031 Exchange is one way to defer capital gains tax. Finally, it’s easier to finance the purchase of a mobile home park than it is to finance the purchase of mobile homes themselves. But, there are still some common requirements that your mobile home park must meet in order to obtain financing. In order to keep manufacturing efficient and therefore costs low, there are very few customizable design options when it comes to manufactured home layouts, so from the outside they all appear similar. Any exterior additions to the homes must be approved by the local building authority and/or the mobile home park operator. When evaluating a park the overall condition and often ‘first impression’ is important.

This has been a game changer for park owners and is a win-win-win for everyone involved. Although there were earlier attempts at the same type structure, the CASH program was introduced in a perfect time of need and has been a huge success since. As time has progressed, 21st mortgage now will do the same structure with most of the major mobile home manufacturers which makes this set up possible for many park owners nationwide.

mobile home cap rates

So the interest rates are important to consider in the equation. Buy, Rehab, Rent, Refinance, Repeat is the five-part BRRRR real estate investing strategy that makes financial freedom more attainable than ever. In this book, author and investor David Greene shares the exact systems he used to scale his real estate business from buying two houses per year to buying two houses per month using BRRRR. Bridge or Hard Money Mobile Home Park Loan – Rates are fixed from 1 – 3 years and are tied to the 30 day libor rate plus 6.00% to 10.00%.

DO: Make Sure to Correctly Evaluate the Risk of Private Utilities

Another consideration is the service of utilities to the park which is also closely related to location. Most preferred is one that has full city services such as city water and sewer along with garbage pickup, hydro and cable TV. These can be more expensive at the outset but translate into easier management and upkeep. That said, it is good to also consider ‘non city serviced parks’ as there are many. These parks may be serviced by their own water wells, septic systems, lagoons, or onsite sewage treatment plants.

All he has to do is raise the rents 60% to market rate and he will hit a home run. Low Construction Starts – in March of 2020, the corona virus pandemic scared most lenders from making construction loans on projects already in the works. About 6 months later these lenders were eager to lend again. But by then, the supply chain calamity increased the cost of materials and labor making it economically prohibitive to build.

Mobile Home Parks - The “Habanero Hot” Asset Class in Today's Economic Environment by Bryce Robertson

Financing mobile home parks in the past was somewhat challenging since most lenders only understood them as being very low end housing. Most lenders will still expect the Buyer to put his own cash of 30% to 40% down and they provide the balance required to complete the purchase. Current lending rates are at an all-time low so it is an ideal time to borrow funds to invest in this type of opportunity that offers returns of 5% to 9%. Lenders are now seeing this as one of the more secure lending opportunities due to the steady cash flow and debt serviceability. The combination of the higher going-in cap rates with comparable financing terms provide significantly stronger cash-on-cash yields than currently available in multifamily.

mobile home cap rates

After determining what is an acceptable cap rate you need to rework the profit and loss statements you receive from the seller or broker. Your goal in this process is to determine the actual projected income and expenses for the first year after you take over ownership. Figuring out the actual income is usually not too difficult. You can take the actual number of spaces in the park and multiply this by the actual rents being charged and subtract out a reasonable allowance for collections and you should be able to come up with a good estimate of the income.

If cap rates further compress and if your occupancy increases along with the increase of rents, then you have leveraged the formula for massive potential mobile home park profits. 21st Mortgage CASH Program – a consequent effect of Berkshire Hathaway buying Clayton Homes was the introduction of Clayton Homes teaming up with 21st Mortgage to introduce the “CASH” program. This program provided an avenue for park owners to get their hands on new Clayton mobile homes that get transported to the park owner’s community . Then the park owner has a certain timeframe where he can market the home for sale, then send park screened applicants to 21st mortgage for financing. Of course, a park owner has to have some skin in the game so as park owners we essentially guarantee or back stop the loan and take over the financial responsibility if tenant defaults while we find another tenant.

mobile home cap rates

Wednesday, December 2, 2020

151 Houses for Rent in Indio, CA

This city is famous for its many festivals and special events and homes for rent there are perfect for individuals who like constant entertainment. Today's rental pricing for homes for rent, condos and townhomes in Indio ranges from $2,100 to $13,000 with an average monthly rent of $5,680. Coldwell Banker Realty and Guaranteed Rate Affinity, LLC share common ownership and because of this relationship the brokerage may receive a financial or other benefit. You are not required to use Guaranteed Rate Affinity, LLC as a condition of purchase or sale of any real estate. Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC.

homes for rent in indio ca

Or you can search for houses over 800 sq.ft, 1000 sq.ft, 1200 sq.ft, 1800 sq.ft, 2000 sq.ft, 2200 sq.ft. Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified. Needs to review the security of your connection before proceeding. In Coachella Valley next to Palm Desert is Indio.

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Kitchen Island, built in desk hutch, dining area off kitchen, plus Dining Room off Great room. Secondary Bedrooms are queen sized w/walk in closets. Guest Bath with New Granite Counter tops, stained cabinetry, new hardware & light fixture.

homes for rent in indio ca

Lovely private yard with peak mountain views of Mount San Jacinto! Covered Patio w/access from kitchen and Primary Bedroom. Low maintenance yard with synthetic lawn, Jacuzzi spa w/pergola, firepit, lots of accent lighting.

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They buy the home, you lease it for 1-5 years with a right to purchase. Purchase will include 9 additional FREE application submissions to participating properties. Send Message Email me listings and apartment related info. You must save a search in order to receive alerts. The average lease agreement term in Indio, CA is 12 months, but you can find lease terms ranging from six to 24 months.

Find your dream home in the Indio area using the tools above. We found 277 Houses for rent in Indio, CA. ForRent.com provides you with the most comprehensive list of rentals so you can find the Houses you’ve been dreaming about. View floor plans and use filters to refine your search. Choose the number of bedrooms, find pet-friendly Houses, and look for rentals with utilities included.

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Beautiful Former Cristallo Model Home by Ryland offered Furnished outside of escrow. Three Bedrooms, two Baths w/lots upgraded leaded glass windows for natural light. New Granite Counter Tops, Backsplash, Stained Cabinetry, Light Fixtures, Ceiling Fans, Blinds. Kitchen with plenty of storage and counter space, recently stained Kitchen Cabinetry, New Trash Compactor.

homes for rent in indio ca

Cul De Sac location, walk to Clubhouse/pool ,park! With MHVillage, its easy to stay up to date with the latest mobile home listings in the Indio area. When browsing homes, you can view features, photos, find open houses, community information and more. You can also narrow your search to show specific types of homes using the sort and filter options available. Choose from price, year, beds, baths, home size, and several others.

Browse Top Homes for Rent in Indio

Ratings are on a scale of 1-10.Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Click on any rental house listing to find out more about the neighborhood, house features, nearby transit, parking, and more. Take a look at photos, too, and start envisioning how you’ll make your new Indio rental house into a home. Let Apartments.com be your foundation while you search for your new rental home in Indio, CA.

Houses for Rent in Indio, CA

Historical tax information is derived from public records provided by the county offices. I acknowledge that I have read and agree to the Terms of Use and Privacy Policy. Yes, I would like more information from Coldwell Banker.

Explore 132 houses for rent and 17 apartments for rent in Indio with rental rates ranging from $1,170 to $15,000, giving you an amazing selection of rental options to choose from. You searched for apartments in Indio, CA. Let WestsideRentals.com help you find the perfect SoCal rental for you. WestsideRentals.com is the only website dedicated to finding your next rental home in Southern California. You can trust WestsideRentals.com to find your next Indio rental. Find Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom, 4 Bedroom rental houses within your budget in Indio, California.

Acqua Ct

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Houses for Rent in Indio, CA

Lovely private yard with peak mountain views of Mount San Jacinto! Covered Patio w/access from kitchen and Primary Bedroom. Low maintenance yard with synthetic lawn, Jacuzzi spa w/pergola, firepit, lots of accent lighting.

This city is famous for its many festivals and special events and homes for rent there are perfect for individuals who like constant entertainment. Today's rental pricing for homes for rent, condos and townhomes in Indio ranges from $2,100 to $13,000 with an average monthly rent of $5,680. Coldwell Banker Realty and Guaranteed Rate Affinity, LLC share common ownership and because of this relationship the brokerage may receive a financial or other benefit. You are not required to use Guaranteed Rate Affinity, LLC as a condition of purchase or sale of any real estate. Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC.

Common questions asked in Indio, California

There are currently 23 new and used mobile homes listed for your search on MHVillage for sale or rent in the Indio area. Indio is known as the "City of Festivals." It hosts a slew of special events that renters can attend. For music, there's both Coachella and Stagecoach, the latter of which is a country music festival.

Kitchen Island, built in desk hutch, dining area off kitchen, plus Dining Room off Great room. Secondary Bedrooms are queen sized w/walk in closets. Guest Bath with New Granite Counter tops, stained cabinetry, new hardware & light fixture.

Find Houses for Rent In Indio, California

Whatever you need, ForRent.com has the Houses designed for you. Within Indio we have 507 rental houses spread across multiple school districts. To help narrow your search, simply enter the school name within the Rentals.com search bar to find rental homes in that school district. Maybe you’re tired of apartment living, maybe you want more space, or maybe you’ve just always dreamed of living in a house.

homes for rent in indio ca

Historical tax information is derived from public records provided by the county offices. I acknowledge that I have read and agree to the Terms of Use and Privacy Policy. Yes, I would like more information from Coldwell Banker.

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This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate. There are currently 143 Apartments for rent in Indio, CA with pricing that ranges from $1,125 to $$2,395. There are also 314 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indio ranging from $2,100 to $13,000. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests.

Beautiful Former Cristallo Model Home by Ryland offered Furnished outside of escrow. Three Bedrooms, two Baths w/lots upgraded leaded glass windows for natural light. New Granite Counter Tops, Backsplash, Stained Cabinetry, Light Fixtures, Ceiling Fans, Blinds. Kitchen with plenty of storage and counter space, recently stained Kitchen Cabinetry, New Trash Compactor.

84320 Acqua Ct Rental is located in Indio, California in the zip code. Living in Outlying Palm Springs provides easy access to Palm Springs International, located just 31 minutes from Acqua Ct Rental. Last year, more than 80,000 homes were sold on MHVillage with a combined transaction value exceeding $3 billion. Beautiful tropical resort with golf course view. Spacious 2 bed / 2 bath apartment home has private interior patios and two-car ... The Sunset Cottages are located at and Sunset Lane in Palm Desert.

Indio has city-sponsored murals that renters can tour that tell the history of the city. Coachella Valley is America's largest date producer, supplying 95 percent of the dates consumed in the country. Indio houses the California Date History Museum, which is filled with information on how the area came to be such an important part of the date market. Indio is host to the famous Coachella Music Festival. This annual event began in 1999, and has featured some of the biggest names in music, including Madonna, Daft Punk, Jay-Z and the Red Hot Chili Peppers.

Cul De Sac location, walk to Clubhouse/pool ,park! With MHVillage, its easy to stay up to date with the latest mobile home listings in the Indio area. When browsing homes, you can view features, photos, find open houses, community information and more. You can also narrow your search to show specific types of homes using the sort and filter options available. Choose from price, year, beds, baths, home size, and several others.

Whatever it is, you’re looking for houses for rent in Indio to find your next home. A rental house is the perfect place to make your own, with plenty of space for your family to grow. With more than 1 million active listings all across the country, Apartments.com can help you find the perfect CA house for rent near you.

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