First mobile home park investment! Help

[Shannon Hogan]

This will be my first mobile home park investment. It has 39 units and 4 belong to the park. The seller is very motivated and wants to owner finance the transaction. With seller financing are there any rules of thumb or pitfalls that I should be aware of? Matt gave some great sound advice in a handful of other post on mobile home parks on this forum. Hopefully he will see my post. Also, what's a good place to post to find partners for syndication on mobile park homes deal.

Thanks in advance

[Rachel H.]

The best thing to look out for is to see if the seller is willing to work with you. If their honest and provide all the documentation you need (i.e. rent rolls, tax returns, past and present invoices, etc), then it's just a matter of going through the numbers. Though, if it feels like they're hiding something (which a lot tend to do) it's best to find a more honest seller. Good luck!