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Updated about 9 years ago on . Most recent reply
Getting "Qualified" by Manager each time to buy & sell in a park?
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!
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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.