I want purchase my first mobile home park, do think I need to establish an LLC at this time.

Finally got approved in the park, I plan on purchasing a mobile home seller finance from a private seller.

I apologize again if this seems like something that would never happen in real life I was just curious as to how the mechanics work.Thank you everyone!

I found a couple mobile home parks close to me that are for sale. 

Lenders/Banks : Lenders who can Refinance @ market rate.Shoot me an email , PM or you can also drop message, happy to connect.When we connect I will look for credentials, Refrences, areas you serve, and mobile #.

This is the same mechanism we use to structure Reverse exchanges and then "flip" the property we are holding back to the client.By assigning the LLC you avoid a second real estate closing, any transfer tax, title policy reissue, and revaluation by the county appraiser.  

I’m trying to increase cash flow right now on my mobile home park, so in turn I will have a good amount of expenses to offset the sale but I will have increased my rental portfolio.

Whereas a mobile home park in the middle of nowhere may go for a 12 cap because investors require a higher return for something that is much more management intensive with less appreciation potential.One might assume that a higher cap rate is always a good thing, however, if your business plan is to force appreciation by improving NOI, a lower cap rate multiplies the value of the improvements you made more than a lower cap rate based on the simple math of it.

How to purchase mobile home park?

Hello,so If I decided to either rehab or develop a mobile home on land and hold for a rental, and refinance it to pull cash out, what lenders are doing this?