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Updated over 1 year ago on . Most recent reply

User Stats

8
Posts
4
Votes
Shuff Mauldin
  • Investor
  • MS AL, LA
4
Votes |
8
Posts

Under contract on a 52 pad lot lease mobile home park

Shuff Mauldin
  • Investor
  • MS AL, LA
Posted

Looking for a solid lease agreement and finding it harder than I expected.  Reached out to the state association (MS), and they had nothing. Any direction would be appreciated. 

Aside from the lease, trying to decide if I go down the path of lease to own or keep it simple by just leasing pads. Any direction or advice here would be appreciated as well. 

  • Shuff Mauldin
  • Most Popular Reply

    User Stats

    167
    Posts
    165
    Votes
    Mario Dattilo
    • Investor
    • Naples, FL
    165
    Votes |
    167
    Posts
    Mario Dattilo
    • Investor
    • Naples, FL
    Replied

    Get an attorney in that state from the Assoc and have them draft one. They probably have one already. 

    Sell the homes and rent the lots. Avoid the rental model. Rent to own is BS and they will just be glorified renters. If you want to rent units then buy apartments. The beauty of MHPs is the lot rent model. 

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