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Updated about 6 years ago,

User Stats

31
Posts
10
Votes
Stefani Gillenwater
  • Rental Property Investor
  • Chesapeake
10
Votes |
31
Posts

Mobile Home Park Acquisition Question

Stefani Gillenwater
  • Rental Property Investor
  • Chesapeake
Posted

My husband and I are hoping the BP crew can provide some advice.  We are in negotiations with a Broker regarding a MHP purchase and discovered that there is one parcel that is owned outright by a third party and will not be included in the purchase.  You can see from the graphic below where it is located in the park.  We do not have any additional information on covenants or restrictions yet.  Does anyone have any recommendations/advice on how this situation would affect park operations and more importantly resell down the road?  Thank you.

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