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Joshua Briscoe
  • Rental Property Investor
  • Bangor, ME
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I just put an offer on a mobile home park

Joshua Briscoe
  • Rental Property Investor
  • Bangor, ME
Posted

I just put in an offer for a very small mobile home park 10 spaces.  Supposedly these are all tenant owned.  Does anyone have any suggestions for  insurance companies?   Any other advice from veterans would be greatly appreciated.

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Jason Ray Richardson
  • Rental Property Investor
  • Brookhaven, MS
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Jason Ray Richardson
  • Rental Property Investor
  • Brookhaven, MS
Replied
Originally posted by @Joshua Briscoe:

I would like to get feedback on the letters I am sending out.  I wanted them to be short sweet and to the point.

My info

date

park owner info.

Dear Mr.______________

I am interested in buying your mobile home park at __________________ via owner financing.  If you are interested in this query please contact me at your earliest convenience.

Sincerely,

Joshua Briscoe 

I do not claim to be an expert on the subject but I have a offered on several parks and just purchased my first park. Asking for owner financing up front makes you appear as if you don't have any money and are not serious/able to purchase their park. Essentially you are just kicking the tires and wasting their time. Owner financing is something that comes together after bonding (I think that is the term Frank Rolfe uses) with the owner.

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