So I may be close to closing my first MHP deal. From Franks recent MHU course I took, there are 2 sample contracts there, the “aaa” and “MHPI”. Other than seller finance and bank financing, I dont know the difference between the 2.
My question is are MHP buyers here using those contracts and just filling in your info? Or are you using a real estate attorney to draw one up from scratch? I am concerned that the latter option may hold up the deal potentially.
I am talking with the park owner again next week and in the event that he does agree to sell like I suspect, I want to waste no time getting it under contract.
Please walk me through how yall do your park contracts?