I am a Canadian looking at doing a seller financed deal buying a MHP in Michigan BUT the seller will not sell unless her company goes
with the deal. Her operating company is formed as a C Corp so my question is this: Is there any ramifications in buying her shares of her C Corp?the deal structure is good: 10 year balloon, low rate, 95% full, no park owned homes, 4 vacant lots to LTO and lots of land to expand if wanted.
Obviously she wants to lower her tax burden,but what carry over concerns would I have? …I have a company formed in Ohio and I am sure I can register in Michigan as well with my company. For strategy sake, I would be best to just buy the MHP in my company name but knowing the seller wont want this, has any of you bought a park under these considerations and what did you watch out for?..any help would be great! and a big thanks to all your great help in the past! …PS: I will of course use a good lawyer and accountant to review the deal, but they are not MHP pros which is why I am asking?