All Forum Posts by: Account Closed

I bought a condo space in an rv park.  And yes, I filled in the application.

Whether you like it or not, when you buy a MH in a park, you are a tenant.  There is no special privileged class called, "investor."

In all seriousness, what the h3ll would be an acceptable answer to you?  "No, of course I don't fill out the park application!  That's absurd, I never heard of such a thing!  The park managers you are dealing with are nuts!"

Is that the only acceptable answer to you?  Because it seems like that is all you want to hear.  And you aren't going to hear it, because it is not true.

Do you ask for the ss# or prospective tenants or buyers-on-terms, or not?  If so, why should they trust you any more than you trust a park manager?  If not, how do you qualify them? 

 Haven't bought one very recently, or you would know that new reporting requirements mean you will need to give up a ss# even if you are paying cash.

Here's a hint.  Real estate is a people business, and you therefore seem unlikely to be destined for success.

Well,  you're in the business, so apparently it's not much of a "people business "

I hope you never have to buy a car.  The shock may kill you.

With all the rules and regs on parks I have to assume they are doing the right thing. Deal with a park of some size. Avoid Joe's Mobile Villa with 7 units and you should be fine.

You can avoid giving personal info if you buy a bank repo. Then you can just send a letter that you have taken possession of the property.

Personally I prefer to meet and talk with the manager/owner. Some of my best deals have come directly from managers.

I just completed a deal that I got for $500 with 2 months rent included. I fixed it up with $7500 total invested. Sold it for $17k cash in 10 weeks. Net profit was $9500. That is over 500% annualized ROI. Where else can you do that?

I assume Lonnie Scruggs had to give his info when he first started. Gotta crawl before you walk and walk before you run. At least most of us do.

As mentioned above:

When in Rome you gotta do what the Romans do (to get along).

If you owed the park, would you take everyone on face value or would you want to know who is coming into YOUR park? Great President Ronald Reagan said 'Trust and Verify!"

 If you are doing Lonnie deals (probably a bad idea, btw) do you not collect the ss# of your buyers?  If you rent a MH, do you not get the ss# of your tenants?

When you buy a MH in a park, you become a tenant.  The park has every right to insist that you fill out their application.

And yes, you were rude to a poster who was just trying to help you by answering your question.  Just because you don't like the answer does not mean it was not being intelligent

 Why?  What is remotely hard to believe about that?

Agreed. However, one of The Golden Rules says, those with the Gold make the rules! Until you can call your own shots, you gotta play by the accepted rules.

The simple answer is YES, you have to give the info as if you were going to live in the park. Park managers require this. I've done this on every park I've worked in. It is confidential so personal info should not get out. Once you qualify, you can buy several in the same park.

According to Identity Theft Journal, the most common cause of ID theft is a stolen wallet. Other causes are answering phishing emails and entering info on random phishing websites.

If giving out your info is a concern, don't do it. 

Well, Dave, if you're that worried about giving out your info, you probably need to go into another area of investing. The parks are going to want info on investors working in their parks. 

And by the way, you are rude. Not the way to talk to people who are trying to help you by answering your questions.