Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 over 5 years ago,

User Stats

53
Posts
5
Votes
Dominick Dahmen
  • Financial Advisor
  • Buffalo, MN
5
Votes |
53
Posts

City Law Problems with a MHP

Dominick Dahmen
  • Financial Advisor
  • Buffalo, MN
Posted

Hello Everyone,

I found a park in a bigger city and I assume that demand and everything is good for the time being because there is a bigger problem currently. The seller has stated that the lots are grandfathered for 51 lots, but currently the city is now only allowing 25 lots and had basically forced out tenants with warranted trailer inspections. Currently it is "fully occupied" per the city's lot allowance. Seller had indicated that the city said they would only be willing to go up to 35 lots, are demanding park upgrades, and demand newer homes be brought in. 

This sounds like a huge opportunity. However, the seller says that he has already been in a legal battle with the city and he is selling to "cut his losses" and let another investor come in and deal with it. 

My question  is, shouldn't there be a sure way to win this as there are plenty of wrongdoings by the city?

Thank you!

Loading replies...