All Forum Posts by: Account Closed

I understand that most MHP/Associations require approval via a credit/background check for perspective tenants for their lots.

To those who invest in units in parks, do you submit to these credit checks or are you able to have them waived after explaining to management you're just buying and flipping?

I'd like to get into flipping units in parks but I'm not comfortable submitting personal information to park managers everytime I buy an in park unit.

 Hi Mark,

Thanks very much for the input. I was wondering how Dodd-Frank might affect that option or whether there's a minimum number of transactions that would be needed to trigger any application of Dodd-Frank. I plan to read up on it more but any insight on DF you could share related to my idea would be much appreciated.

The purchase price I negotiated assumes no real value in the MH, so it's primarily the land I'm seeking a return on.

I'm in the process of buying a MH on its own lot in Eastern Michigan. I'm thinking of selling the MH on terms and renting the lot to the buyer of the MH. 

Some info on the property: 

- 13x70, built in 1960 in good condition with addition. 

- 5,000 sq foot lot

- The property is currently rented at $400/mth