Skip to content
Mobile Home Park Investing

User Stats

47
Posts
14
Votes
Shweta Patel
14
Votes |
47
Posts

Purchasing a park- question about deposits on RTO contracts

Shweta Patel
Posted Jun 24 2019, 05:32

Hi guys,

I am looking into my next park deal. The current owner is transitioning the POH's into RTO's and has 4 already in place. My question is- wouldnt the deposit's currently held by the owner on these contracts transfer over to the new owner upon sale of the park ( assuming all homes are being transferred)?

TIA

Loading replies...