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Updated about 7 years ago on .

Amos Smith's profile image
Amos Smith's profile image
Amos Smith
  • from Arkon, OH
  • Member since Nov 18, 2017
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Amos Smith's profile image
Amos Smith's profile image
Amos Smith
  • from Arkon, OH
  • Member since Nov 18, 2017
Connect
Amos Smith
  • Arkon, OH
2
Votes |
9
Posts
Mobile Home Park Investing

Need Advice: Stalking Horse Bidder in Foreclosure

Amos Smith
  • Arkon, OH
Posted

We are looking for advice on being the "stalking horse bidder" (first timer) on a mobile park that is being foreclosed.  Does anyone have experience with this, and what should be the general strategy?  Some issues we are pondering:  How much to set the initial bid?  Specific terms to ask for in the purchase agreement.  How much for the breakup fee...etc.

Any advice is appreciated!

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