Mobile Home Park Investment 30 Days Of Successful Due Diligence HUGE MANUAL & CD

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 Mobile Home Park Investment

30 Days Of Successful Due Diligence The Step By Step Guide To Successful Due Diligence  On A Mobile Home Park In 30 Days!

 

THE MOBILE HOME PARK "DUE DILIGENCE EXPERTS"!   

 Learn The Real Mobile Home Park Business From Experienced & Successful  Investors!

 

 

 

Total Package Includes:

 

- HUGE 221 Pages of Information!

- One Mobile Park Forms Disc

 

30 Days Of Successful Due Diligence - The Step By Step Guide To Successful Due Diligence On A Mobile Home Park In  30 Days!

 

Package includes: Due Diligence Mobile Home Park Manual (221  Pages) &  One Forms CD.

 

Condition: Used -  (No highlights in Manual but there are some notes & some text underlining  throughout. Nothing that would interfere with reading the material)

 

If You have Frank & Dave's Mobile Home Park Investment System  Course and you been looking for the their Due Diligence Course...Now You Can  Get It

 

Right now I am selling the Mobile Home Park Course On another  auction get them both & I will send both together & refund you the combined  shipping cost difference!

 

Great Course & Great Information!

 

 

Taken from the website...

30 Days of Successful Due Diligence on Mobile Home  Parks

DON'T RUIN YOUR LIFE!

CONSULT THE MOBILE HOME PARK "DUE DILIGENCE EXPERTS"

We have now literally written the instruction manual  on it!

Dear Fellow Investor,

Many people who purchase their first mobile home park  investment grind it out, paying for the "privilege" of  being in the mobile home park business with every hour  of their day, and every ounce of their energy.

And guess what? Many of these mobile home parks do not  work as expected - their owners do... And they spend  hours and hours spinning their wheels... doing the WRONG  things, for the WRONG reasons.

Bottom line, if you want to get into the business and  not make mistakes that could end up costing you  thousands, if not hundreds of thousands of dollars and  wasted time and energy, and if you are open and honest  about this "reality check" then we are giving you a  chance to wiggle free from this trap you have burrowed  yourself into... or are about to dig yourself into.

Now... how do you know if you are "trapped" or "will  soon be trapped"?

Well, simply check off any of these thoughts that may  have crossed your mind from time to time:

  • "Does this mobile home park actually make as much  money as the owner has reported it does? Is the  owner cooking the books?"
  • "How do I check on the water lines or sewer lines?"
  • "How do I check on the market?"
  • "What questions should I ask the seller? The city?  The electrician?"
  • "What about all those Park Owned Mobile Homes?"
  • "Am I missing something?"
  • "What will I do if (fill in the blank)?"
  • "I wish there was someone else that could help me?  this stinks!?"

We have covered it all in this manual.

Now, how many times after you made a mistake did you  hear or think "You should learn from your mistakes" or  "I won't ever do that again"?

Frank and I have definitely done this many times. But  there was never someone there to steer us in the right  direction.

Instead of wasting time and potentially thousands of  dollars wouldn't it be nice to keep that hard earned  money and make a wise investment?

Instead of learning from your Mistakes... why not avoid  making them in the first place?

So let us ask you -

  • Do you want to invest in the right Mobile Home Park  and not regret it later?
  • Do you know how to determine if the park is a "Deal"  or "No Deal"?
  • Are you sure you have not missed something?
  • Are you ready to get some advice from an unbiased  and experienced third party?

Included in this manual is a day by day schedule that  will help you plot our your strategy and schedule  everything in the most cost effective manner.

Here is an excerpt from the beginning of  the book.

This manual is designed to give you  a roadmap, from start to finish, in  achieving a successful due diligence  examination of a mobile home park.

Since the failure of any one step of  due diligence might result in your  decision not to buy the park, we  have organized the order of steps in  such a manner as to minimize expense  and effort. We have chosen the order  to put the items most likely to fail  at the front end of your  examination, to get the bad news  early on and to act on it  accordingly.

We have organized the manual in a  day-by-day manner and while this  makes for good organization, not  every deal is going to fit into this  order and if possible you would like  to have 45 or 60 days to do the  diligence, or at least a provision  in your contract that allows you to  extend the period in case some of  the third party reports are not able  to be completed in thirty days. The  real key is to make sure to complete  all the steps in a complete and  timely fashion.

Is 30 Days of Diligence Adequate?

Thirty days of diligence is an  industry standard, but there is no  rule that the due diligence period  must be exactly thirty days. Of  course, the longer the diligence  period, the better it will be for  you, the buyer. Sixty days is far  superior to thirty if you can get  it. And, of course, you can't get it  unless you ask for it. Most people  ask for thirty days because they are  afraid that sixty days will scare  the seller off, and less than thirty  is way too short. That being said, I  have done fourteen days of diligence  on deals that I really wanted but  that had a difficult seller. Less  than fourteen days and you may just  be wasting your time, since it is  near to impossible to get a lot of  third party reports completed that  quickly, not to mention just the  regular stuff that you perform  yourself. If you are willing to  forfeit your earnest money, then you  can go as short as you want, and  then walk the deal prior to closing,  at the end of the financing period,  if you don't want it after all.

If you have not completed your  diligence in the required amount of  time, say thirty days, it is  sometimes possible to get the seller  to give you an extension of time. If  that is the case, the best way to  get the extension is to meet with  the seller and show him all of the  work you have performed, so that he  knows that your request is  legitimate. When you propose such an  extension to the seller, he is  normally concerned that you are just  wasting his time, and that you have  no intention of buying it, or that  you lack the money. It's your job to  convince him that you can close, and  will close, if he just gives you a  few more days to complete your  diligence. And you can even tell him  what you have left to do, so that he  knows you are not pulling his leg.  If he says no, and you really want  the deal and feel 99% positive it  will work for you, you may elect to  go forward anyway, and risk losing  your earnest money if you walk  before closing. Make sure that the  contract does not require "specific  performance" to buy the park. In  that event, you cannot go past the  diligence period without having to  buy the park, even if you don't want  it. You never want to sign a  contract with specific performance  in it for the buyer. The seller, on  the other hand, should almost always  face specific performance if he  fails to consummate the sale to you.

Diligence periods in excess of sixty  days are pretty unheard of, except  in cases of extreme lack of park  stability, such as not having any  books, rent roll, etc. For example,  it would not be unusual to ask more  than 60 days to sort out bank  foreclosure. However, except in that  type of difficult environment, you  will probably do some degree of  damage to your reputation by asking  for more than sixty days of  diligence.

You will find in the due diligence  process that there is no perfect  park. While successful due diligence  will help you formulate an idea on  the true economics and risks of a  mobile home park, it will still  ultimately be your business decision  as to whether or not to proceed with  the purchase. Often, after  assembling all of the data, you will  still be unsure as to whether or not  you want to proceed. This manual  only helps you to collect that data.  The decision to go forward is one  that you will have to make on your  own.

We receive more questions on due  diligence than on virtually any  other topic and have  written this manual to address those  questions in great detail. If you  follow all of the guidelines in this  manual, you should be able to  perform a satisfactory due diligence  examination.

 

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