Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Mobile Home Park Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Cindy S.
  • Mobile Home Investor
  • Spring, TX
1
Votes |
6
Posts

Getting "Qualified" by Manager each time to buy & sell in a park?

Cindy S.
  • Mobile Home Investor
  • Spring, TX
Posted

Doesn't it affect your credit score when every time you want to do business in several MH Parks at a time, your credit is run?  Is there any way around this, especially since I don't intend to live there but only sell it to an end buyer/owner.   Some of you must have some tips on how to present this to a park manager?  Thanks!

Most Popular Reply

User Stats

512
Posts
338
Votes
Jeffrey H.
  • Houston, TX
338
Votes |
512
Posts
Jeffrey H.
  • Houston, TX
Replied

Have the wholesaling conversation with them.  "I won't be moving in - I will be paying lot rent and finding a Buyer for the home in the interim.  I am happy to sign something saying that I will not be moving in and will adhere to Park rules, and in return you do not need to run my credit."  Let them know they can run a background check to confirm you're not a violent felon sex offender that owns 5 pit bulls for fighting, etc as they will want something like this before allowing you to buy anyway.

Exceptions like this can be requested by the Manager to the Owner and will typically be "okay."  The conversation may be more difficult if you plan to ask for them to reduce or waive the lot rent as you will not be occupying it until you find the end Purchaser.

You can alternatively use strategies to bypass the whole process like assigning your contract instead.

Loading replies...