Short appraisal · The MHP Pros Mastermind

Short appraisal

Guys, if you're raising money for a deal that might be a little tight, raise extra. Just had it 7m deal that should have easily came in at 7m instead come in short at 6.775m. While that's not a catastrophe, on a 3 park deal, the first 2 parks value had the deal coming in over 500k short. Appraisers are not keeping up with lot rents, comps and cap rates bc those things are not readily available. Develop relationships with these guys and send them regular updates on lot rent, sales comps etc. Off market is 90% of sales in my state. How do they get that info unless you tell them...all of them.

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