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The MHP Pros Mastermind
363 members • $2/month
10 contributions to The MHP Pros Mastermind
20h •
MHP Buyer Friendly Addendum to State Contracts
Does anyone use their own MHP buyer friendly boilerplate addendum for state contracts when dealing with brokers? We have been making offers in multiple states with brokers and the contracts are pretty bad. We have added our own addendum but was wondering if there is one on this site or one that is recommended by other investors here.
11d •
Warranty After Closing and Survivabilty
There is portion of our addendum to the state contract that a seller has refused but seems pretty standard in real estate. We basically asked that Seller’s representations, warranties, covenants, and disclosure shall survive Closing for twelve months and he said no warranties past closing. Is this a deal killer? Concerning?
2 likes • 11d
@Cody Storey
2 likes • 11d
Thanks @Michael Pansolini @Caleb Hogan
11d •
ILC Survey Negotiation
We asked a seller to pay for an ILC survey but he doesn't want to. I think it may be important to know the boundaries and to confirm whether the MHs are within the park's boundaries, etc. It seems risky for us to pay for the ILC and then have to back out for some reason, now we are out even more in DD costs and the seller gets a free ILC. Is there a work around? or compromise?
1 like • 11d
@Cody Storey
1 like • 11d
@Michael Pansolini sounds good, I'll create an addendum and use some verbiage like that and see what happens. Thanks!
Aug 1 •
Personal Guarantee on Seller Carry?
The seller want's me to personally guarantee the seller carry back note. Is that a deal breaker?
1 like • Aug 1
@Cody Storey
Jul 13 •
Landlocked SFR within MHP parcel. Future issues?
We are looking at a smaller park but it has a single family home within the MHP parcel and an easement/shared driveway. The single family home is not owned by the MHP owner. Is this a deal killer? a headache? or something that may prevent refinancing in the future? Our offer has seller financing but ballon due in 3 years.
1 like • Jul 15
@Michael Pansolini @Ryan Narus So, I made a mistake yesterday. The SFR is completely land locked and doesn't have potential to subdivide it's own road as there is a commercial property in front of the SFR not owned by the MHP owner. I drew up a new map and you can see. Is this a deal killer now? A potential problem to finance when the ballon is due? It seems really strange to have someone's home in the middle of your MHP and having a shared road.
1 like • Jul 15
@Michael Pansolini cool cool. The SFR isn’t part of the deal. It’s owned by a totally separate person.
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@andrew-storey-4079
MHP investor in the Idaho, Montana, Colorado markets.
Active 12h ago
Joined Jun 19, 2026
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