Hello from SE Alabama! My name is Jen, I am an aspiring MHP developer. Yes, I could buy a park that is already in place! Absolutely, and I likely will down the road. But my community desperately needs affordable housing and I have the opportunity to provide that. So I'm jumping in with both feet! I'm here hoping to leatn more about all things financing, opperations, and eventually selling. You don't know what you dont know. Thats why masterminds and community are so important! I'm looking forward to getting to know everyone and learning what i can along the journey.

A broker insists that a personal guarantee from the buyer is required for the seller to sign the purchase agreement. Let's have a little fun. If you are an investor, please provide your vote below. Please read the below definition before voting. A personal guarantee on a business loan is a legally binding agreement where an individual, typically a business owner, promises to repay the loan from their personal assets if the business defaults. This means the lender can go after the guarantor's personal assets, such as their home, savings, or investments, to cover the debt if the business can't repay it.