WHY BUY this Mobile Home Park ?

Reasons to make this investment:

• very stable income indexed to inflation
• .....municipalities are restricting new mobile home park builds
• .....tenants tend not to move their homes out of a park because of the high cost, coupled with the lack of available lots
• .....when a lot tenant wants to move, they normally sell their home, assigning the lot, meaning the lot is always rented, with rents being adjustable at sale, up to a maximum of a $50 monthly increase
• .....rent controls establish annual rent increase guidelines, allowing income to keep up to normal inflation
• opportunities for capital gains, while, at the same time, improving the park, if you purchase degraded homes, renovate and resell them
• if you do not take the opportunity for capital gains, someone else will, resulting in park improvement, whether you are involved or not
• you can increase your income by buying, renovating, then renting, providing affordable rentals in an area sparse in rental housing
• you can increase your income, while helping purchasers, by providing mortgage financing to prospective lot tenants at times when banks tend to prefer not to lend to mobile home buyers
• Apartment REITs buy mobile home parks to improve their performance during times of both rising and falling interest rates. By buying the mobile home park asset instead of the REIT shares, you substantially increase your return on investment. Here, you have the opportunity to buy what the big boys buy, but on a smaller scale.

This is a win/win investment. You receive a reliable base income, with opportunities for increase, should you choose, while helping to provide affordable housing in an ever more expensive world. Because your level of involvement is variable, this investment is suitable for carrying you through pre-retirement into retirement years.