Hey everyone,
I am almost finished with the mobile home park course and it is packed with awesome information. I had a few questions. What is the best way to structure joint venture deals with purchasing mobile home parks? I have about 4 separate guys that will joint venture.
Two of them have about 180k and 200k cash to invest but not strong enough to get bank financing.
Other two can get bank financing and have money to put down to purchase a park.
What would you suggest to do in each scenario? Look for seller financing with the cash investors?
What would be a fair way to structure these deals as far as cashflow and equity positions?