So I bought my first park through what I’ll call a “warm” connection - someone who lives in my same town, I already knew of him, I got to know him a bit, and I had come to trust that the numbers he showed were real. Things have turned out rather well, he was definitely truthful.
Now that I’ve gotten funds together, I’m finding myself blocked in getting my second park. I’ll spend a week looking at a whole bunch of listings, make some contacts with brokers (although it is hard to get through a lot of the time), but then something else will come up and before I know it, several weeks have elapsed and I’m back to looking at listings. I always try hard to really cut through my own BS to get to the essence of what a problem is, and I realize in this in this case it is much more of a “cold” situation. No idea who I’m really dealing with, if their numbers are a complete fabrication, etc. A much more unknown situation than the first park.
Would love to hear how others who have been here have navigated this situation…one additional piece of info is because I’m a west-coaster, it’s unlikely I’d be buying out here, thus I can’t just take a weekend and go drive a dozen parks in the mid-west or great plains states where I am mostly looking…
As always, grateful for the brain-trust here.