NCND, and other documents to for MHP
Hi, all.
I've been working with various investors over a little over a year, and after looking, I think MHPs are where I'd like to focus myself. The problem is, none of the people I've worked with have done MHPs: one told me he wanted nothing to do with them, but from the numbers, and just going through some MHPs, living in some, and having known people who lived, I think it will fit me.
My experience has been SFH: bird dogging, whole saling, and lease options; the wholesaling has included some bulks/tapes. My plan is to "wholesale a mhp," so that I can have some "skin in the game," as it were, for buying my first park.
I'm currently talking with a guy, and he had told me that a 4-page NCND was too long; this is what the wholesaler I worked with and I used for our bulks/tapes. Is that too unreasonable, or do I need to really compress it, somehow? Do I use a MFA [Master Fee Agreement]?
In SFH, some say not to worry too much about things, such as recording the transaction with the county, to "cloud the title," but with MHPs, there aren't as many of those, and I want to make sure I don't get side-stepped on my 1st go.
Could really use some guidance, on wholesaling a MHP.