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Curt Smith#5 Mobile Home Park Investing Contributor
  • Rental Property Investor
  • Clarkston, GA
1,921
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2,040
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My first MHP, need a jump start on the park inspection issues

Curt Smith#5 Mobile Home Park Investing Contributor
  • Rental Property Investor
  • Clarkston, GA
Posted

Hi, I'm going to buy a park this year if not soon. I'm working with a M&M broker who forwarded a decent unlisted deal near Atlanta. mostly park owned rentals 15% lot rent, individual septic per pad. This is the bad part. City water and master meter and meters on each pad. So park owned piping...

I will buy the Mobile Home University Due Diligence training.

Due Diligence

Just haven't digested it yet.

I'll need tips re writing the LOI if not an example in a few days.

Will keep this thread abreast of the details.

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Jim Johnson
  • Rental Property Investor
  • Denver, CO
324
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355
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Jim Johnson
  • Rental Property Investor
  • Denver, CO
Replied

I strongly recommend you use a contract and not a LOI. As an owner, I just ignore letters of intent. If someone is serious, in my oppinion, they write a contract and a check.

  • Jim Johnson
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