Mobile Home Park Investing for Beginners: Purchase Contracts Basics

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Learn more about Vintage Capital: https://vintage-funds.com/

Overview:
In this video, we break down the key terms to negotiate in a mobile home park purchase contract, including the timeline from signing to closing, earnest money protections, due diligence outs, financing contingencies, reps and warranties, prorations, assignment rights, and how to handle retrades without killing the deal.

This series covers the full lifecycle of mobile home park investing, including finding parks, underwriting and deal analysis, financing, equity, due diligence, closing, operations, and exit strategies.

Chapters:
00:00 Putting the Deal Under Contract
01:00 LOI vs Purchase Agreement and “First to Provide Wins”
02:05 Contract Timeline, Earnest Money, Due Diligence, Financing, Closing
04:06 Redlines, Speed, and “Time Kills Deals”
07:25 The Major Sections of a Purchase Contract
07:40 Earnest Money Best Practices and Ranges
09:16 Due Diligence Timelines and Cancel for Any Reason
10:09 Due Diligence Trigger Clause and Document Delivery
12:14 Financing Contingency, Extensions, and Lender Risk
17:05 Reps and Warranties, Title, Environmental, Financials
19:56 Prorations and Closing Statement Details
21:24 Specific Performance vs Liquidated Damages
23:02 Assignment Rights and How They Work
25:23 Negotiating Credits After Due Diligence
28:22 Closing Checklist and Common MHP Gotchas
30:02 Final Reminders and Best Practices

Credibility:
This channel is run by experienced mobile home park investors and operators who focus on acquiring, operating, and improving manufactured housing communities.

Disclosure:
This video is for educational purposes only. Nothing in this video should be considered financial, legal, or investment advice. Always consult your own advisors before making investment decisions.