Mobile home park wholesaling

[Dominick Dahmen]

Hello BP,

I have somewhat of a naiive question. So I really am starting to dig into MHPs. I look on all the websites to find deals, however I don't really have capital to act on them. I don't want to cold call and create deal flow if I can't even fund a deal.

The question is, if I were to find an off market deal. Do I NEED to put it under contract to start telling people about it? If so, would I do some deeper due diligence and the phase 1, or would the potential buyer?

Thank you!

[Jon Dorsey]

Yes get it under contract. You need to perform the financial diligence on the park and then assign it to a new seller. 

If you’re looking for a partner in the deal then your choice on whether to continue the physical diligence part because the clock is ticking on your contract.