what if there is another investor

Question

Hi guys,
I'm new here and have been lurking around for a while but today actually went out to see the parks and what's for sale. Seems that several homes in one park have the same phone number ( probably park's home). But what if the park already has an investor working with them. Would I just walk away or try to squeeze  in as well?

I'm excited to start but  trying to do my homework before I hit the ground.

Irina

Account Closed · Answer

Would it matter if the park has another investor working there?  You may have something more to offer, the other investor may not have all of the funding.  There are a lot of what ifs.

Better to check it out, talk with some of the owners and get a sense for what is going on.  Let them talk, you may be amazed at what you learn that might help you and what they might know about others in the park.

If you don't make the effort you will probably always wonder about the park and what might or might not have been.

Sam M. · Answer

I think I remember someone else on this forum talking about putting on a thick accent and calling other investors to see what they were offering. Maybe they are cash only deals. 
            Like Charles said there is a lot of room and several angles to work so go get 'em.
          
           I can't seem to find it though (the other thread)

Rachel H. · Answer

If you like the park and are interested in working in the park, it doesen't hurt to check it out. Even if there are other investors working in the park already, everyone has different criteria when evaluating deals. A deal to me may not be a deal to you. And, vice versa. Also, you might be able to help each other out depending on what your needs are and other investors' needs (that you meet) are as well. Hope that helps!

Andres V. · Answer

Another approach...

Call the park and ask them about the other investor, and see if you can partner with her/him. Maybe there is a need for this investor that you could supply, creating a very strong partnership.

what if there is another investor

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