Lot rent options - Posted by Tommy

Posted by Ryan (NC) on April 08, 2006 at 10:44:29:

Here is a post I wrote on this topic a few months ago… If you dig into the archives there are a ton of golden nuggets hidden in there from the great folks that hang out here that will help you deal with PM’s and make the most of this business.

Best wishes,
Ryan Needler

Lot rent options - Posted by Tommy

Posted by Tommy on April 07, 2006 at 18:11:11:

From what I gather, most deals are bought and sold before lot rent is due, but has anyone ever asked if they can pay the lot rent upon sale of the MH? This way if it does take time to rehab and sell the MH it wouldn’t negatively effect your cash flow and you could use the down payment to cover rent due. I doubt the PM would do it until they get to know you or you have some deals done in their park (vested interest). Thoughts?