Pete’s park lessons · Lesson 13 of 15
Seller Financing an RV Park, in Plain English
- Seller financing means you carry part of the price as a loan and get paid over time. In plain English, you become the bank.
- Know your three paths: cash, hybrid (some cash now, a note for the rest), or full seller carry.
- Check your own mortgage for a due-on-sale clause and a prepayment penalty.
- Screen the buyer like a banker: proof of funds, track record, and a plan for the park.
- Have an attorney draft the note and deed of trust with clear default terms, and talk to your CPA before you sign.
Video coming soon. The full Pete video for this lesson is still in production.
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General education only. Not legal, tax, engineering, or lending advice.