Cannot Complete a MOBILE Home Park Deal

[Justin Escajeda]

In the last year, I have been avidly trying to buy a mobile home park, I have had 2 (out of the maybe 40 that Ive spoke with owners) that were making progress.  One, the seller and I came to an agreement on price, and literally 2 days later she back out before we signed an agreement.  I came to fine out, a large company came in and offered her SUBSTANCIALLY more than we had agreed upon.  The other park that I was making progress on was put under contract while we were negotiating, and it was the same kind of company.

My question is, when I am dealing with these mom and pop owners, what else can I do to persuade them to sell to me (always looking for owner financing too), when there are these larger companies that can blow my offer out of he water. 

I try not to get discouraged, but I am just seeking alternative methods in getting them under contract I suppose.  Thanks

[Account Closed]

@Justin Escajeda , I'm assuming you haven't been able to get it under contract so that you could have recourse if they backed out?

It might be worth reaching out to John Fredo on BP. His strategy is exclusively mobile homes. He was on podcast 75.

Good luck and no need for discouragement. Mark Cuban said "Every no gets me closer to a yes". Just keep trucking.