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Updated over 5 years ago on . Most recent reply

Charlotte Dunford's profile image
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Charlotte Dunford
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  • from Johns Creek, GA
  • Member since Nov 13, 2017
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Charlotte Dunford
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  • from Johns Creek, GA
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Charlotte Dunford
  • Investor
  • Johns Creek, GA
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Mobile Home Park Investing

Phase 1 study deal breaker

Charlotte Dunford
  • Investor
  • Johns Creek, GA
Posted

Could phase 1 environmental study be a deal breaker? How so?

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Frank Rolfe#1 Mobile Home Park Investing Contributor
  • Real Estate Investor
  • Ste. Genevieve, MO
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Frank Rolfe#1 Mobile Home Park Investing Contributor
  • Real Estate Investor
  • Ste. Genevieve, MO
Replied

No matter what, you HAVE to do a Phase I -- no exception! Over the past 25 years you would be shocked at some of the parks that have failed. All it takes is for the mom & pop owner to have tried to demolish a couple mobile homes and bury them on the property and you have an unofficial landfill issue -- things like that.

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