Sure you can do that.

However, as noted below, if the owner doesn't want to sell then there's really no way to force him to.

On the other hand, people sell (and buy) mobile home parks all the time. Sometimes (rarely) it's an all-cash purchase. More often, it's done with owner financing. For example, the buyer might put 20% down, with the seller holding the note for the other 80%.

Check with a good real estate attorney. You'd need to determine a whole bunch of things: How much the park is worth (and whether you all could buy it), the appropriate legal structure (I'm guessing the residents would form a corporation and purchase the park in the name of the corporation), and so on. And, of course, you have to determine whether the owner has any interest in selling.

Hope that helps.

Hi Angie- If he is not looking to sell, than it will be tough. Have you spoken to others in your community? Does everyone have the $$ needed to do so? There's a lot to it.

If you need some more guidance, please let me know. Thanks, and good luck,

Ken L.

You can only buy the property if the seller/landlord wants to sell it. I suggest if you are not happy about the lease then start looking elsewhere, maybe that will teach him to stop raising rents without offering something back to the community.



Sean Dawes