I have purchased several single family and multi families in the past but I’m currently looking to purchase my first MHP. However the whole process seems to be different and more difficult than what I have experienced when purchasing a single and multi family. So I would like to know if I’m going about the process wrong or if anyone could offer me some advice. Here’s currently what I’m doing.
- When I see a park on the MHP Store site I contact the broker usually via email. I guess I have just become accustomed to using email.
- Normally I’ll either receive a NDA or an actual info packet on the park from the realtor.
- Once reviewing the info I will email them any questions that weren’t in the info and here’s where I seem to run into a dead end many times. I will ask about manager, their pay, empty lots, water/sewer, number of POH, number of TOH, vacancies and rental rates. It seems many times I’m not getting any response to my questions. Sometimes I even try to follow up with a phone call and that seems to be hit or miss.
So my question is am I asking for too much info on the front end and should I just place an offer based on the info and discover the remainder during due diligence or do most of you get as much info as possible prior to putting in an offer? I haven’t had this happen on other properties that I’ve purchased or inquired about, it seems that those realtors are dying to give you as much and many times more info than you want or need. I know MHP’s are a different animal but am I going about this wrong?