Assume this is nearly impossible given I don’t want to be guarantor on a bunch of homes in a park I don’t ultimately own if things don’t work out. Any workarounds here? Owner would probably be open to a creative arrangement. I’m certain he is not familiar with the program which is where much of the value is here.
This question came up when Frank had the Cash Program guys on the show.
They will not entertain this program with a park under MLO. You will have to fund the turnaround out of pocket or have the Owner become a licensed dealer AND kiss the notes for the Cash Program homes (not likely).