Tim King
Active 1 week, 2 days agoForum Replies Created
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Chris, it is very important to have a good relationship with the park manager but I find when I try to explain to them what I’m actually doing they don’t get it. They immediately assume you are buying a home to try and rent it out. In reality they really can’t prevent you from having a contract with the seller and or actually buying the home. They can prevent you from living in but not buying it. I usually tell the manager that I’m trying to help someone, usually a friend, get into their park and buy the home. I always reiterate multiple times that I understand that the buyer who is going to be living in the park must absolutely qualify with them before they can do so. For most park managers this is usually the most important position they have ever had and I find it very advantageous to stroke their ego as much as I can without being blatantly obvious. In structuring the transaction I find it easiest to be a principal in that I am buying a home at one price from the seller and reselling it at a higher price to the buyer. I find that many buyers and sellers at this price point are intimidated / confused by assignments of options and assignments of contracts but they do understand a simple purchase and sale contract. I often find the essence of the phrase I heard from Peter Fortunato very helpful to remember ?you can show different pictures of the transaction to different people but try not to show them the whole movie?.
Tim King
