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LESSON 6 — HOW TO DETERMINE YOUR PRICE RANGE


Buyers MUST calculate their personal buying power BEFORE looking at parks.

Here’s the formula:

STEP 1 — What do you have for down payment?

Example: $400,000

STEP 2 — Multiply by 3.5

$400,000 × 3.5 = $1,400,000 price point

This accounts for:

  • down payment
  • closing costs
  • reserves
  • first-year working capital

STEP 3 — Check DSCR for parks in that range

Your consultant will help with this.

Rule:

If you have $300k–$400k, you’re in the $1M–$1.4M park range.

If you have $600k–$800k, you’re in the $2M–$3M range.

If you have $1M+, you’re in the $3M–$5M+ range.

This simplifies everything.