All Forum Posts by: Charlotte Dunford

@Jack Orthman I do have experience being a GP. I do have attorneys on my team. I'm not sure how your answer addressed my question...

For a syndicator, when you go under contract, do you sign on the contract with your own name? Or the LLC you and your LP's will form? What I want to know is that would my LP need to involved in the contract phase at all?

Thanks so much all!

I know that there is a check list for mobile home park due diligence. But what are some things you eliminate before going deeper into due diligence? Like an operating permit, environmental report? What are some automatic deal breakers?

@Jim Tassoni thank you Jim. Is it fair for me to ask for operating permit before going under contract?

I'm looking at a park with 50 lots sitting on 6 parcels of land. Is that a problem? Does that mean the park is operating illegally? Thanks everyone in advance!

I have a property far from where I live. What is the best way for tenants to sign the lease without me having to go there? Thanks.

If a park has no operating permits, and the park is zoned commercial. Does that automatic disqualify the deal for you?

@Geordy Rostad thank you. They don't care about my personal income level right?

What are some hoops one needs to jump through when doing seller financing? Any requirement for credit scores? income requirement? Debt ratio? Or is it completely up to the seller? What are some requirements you've encountered when qualifying for seller financing?

How much closing cost can you expect for a seller financed, 10-unit mobile home park? (Legal fees, inspections of all sorts, lender fees, other closing costs?)