Hi all,
I am a newbie intent on purchasing a park in florida. I have run into 2 different people interested in doing a 50/50 partner deal on the aquisition. What do you guys think about going in with a stranger on a park?
On the surface this seems like it might be a good idea in that it would allow the purchase of a larger park, add to the credibility of the borrower position and generally share some risk. The catch is I am talking about 2 unexperienced people. I know partnerships in general are difficult, but do management styles differ that greatly(as far as mhp’s go) that there could be tension over mangement decisions?
Thanks