Limted Partnership

[Erica Sherwood]

I have the contract on a MH Park. I was approached by an investor who wants to form an entity with me. Limited Partnership. He is bringing lender and money to the table both of which I do not have. How do I do this deal where I'm still in control and don't get taken advantage of? This is my first Park and have been struggling with trying to get a plan together to get financing. I'm still in feasibility period. My financials are okay but probably not enough to get this large of an amount. Where do I start?

[Bruce May]

@Curt Smith, IMO, that's overkill if it's just @Erica Sherwood and a partner and the fees for the PPM alone in this instance are going to kill her.

Erica, you can do this with just an LLC. If you need help contact my CPA, Nate Busch at BlankenBecler Advisors, Inc. in Ohio. He has other clients that own MHP's and he can help you out for a fraction of the price.

http://www.blankenbecleradvisors.com/