Hi everyone, this is my first post on the forum. I attended the January bootcamp and have been looking for a park since.
I have an accepted offer on a park at 9.5% cap. It's got 32 spaces, 28 occupied with tenant owned homes. 2 POHs that are empty. All city utilities.
The seller has the following comments regarding the contract, I was wondering what everyone's thoughts are:
1) He has a ESA I that he would like us to use to speed up due diligence. He says it's very straightforward, no hazardous materials on the property or close by
2) Park of park is on 100 yr flood plain by not lots are on the flood plain. Would that be of concern?
Thank you everyone!