Posted by Lyal on September 21, 2003 at 08:01:07:
Need more details. What’s the income / expenses (to make sure it’s a deal), any park owned homes / rentals (age, size and condition), how old is the park (size of lots), will the lots accomodate newer homes (16 x 80?), city utilities or well / septic, status with county code enforcement, room for expansion?
The first thing you need to put together is a business plan detailing what you plan to do to turn this place around and how you plan to accomplish that. Then you can start making the rounds of the lenders.
All the best, Lyal