“A Penny Saved is a Penny Earned” “A penny sav’d, is a penny got” were the actual words Benjamin Franklin wrote in his Poor Richard’s Almanac in 1737, but the connotation is the same. Besides all his other many talents, Benjamin Franklin was also a brilliant businessman and he understood the power of saving money as well as earning it. The idea is that saving a penny is just as valuable as earning a penny. I didn’t really understand those words until I … Continue reading “How to Reduce Taxes with Mobile Home Parks”
Ep. 41 | Syndication Spreadsheets – How Does The Math Work?
On this episode of The Mobile Home Park Lawyer, Ferd talks us through a pro forma and discount cash flow analysis. He goes through one of his properties as an example, explaining everything we need to know. HIGHLIGHTS: 0:00 – Intro 1:55 – The first tab is the budget, sources, and uses 2:18 – Next tab is general info, which includes the loan and other fees and expenses 4:16 – Next there is the P&L, which he has covered … Continue reading “Ep. 41 | Syndication Spreadsheets – How Does The Math Work?”