The July 2024 Mobile Home Park Investing Newsletter

Mobile Home Park Mastery Podcast: Episode 354 - Where Are The Distressed Deals?

Interest rates have risen about five points since 2022 – the fastest and highest increases in over 40 years. That has led many buyers to grow impatient for the distressed deals that many predicted. In this Mobile Home Park Mastery podcast we’re going to review where distressed deals come from, what the typical timetable is for their arrival, and when we think that period may begin.

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The Interesting Math of Avion Village In Dallas

David R. Williams was a formidable force in U.S. architecture and was hired by the U.S. government in 1941 to design and build what may serve as the first true large-scale mobile home/modular park. It was called Avion Village and was located on a vacant tract of land near Dallas. It was needed to provide housing for 300 households that would be working at a defense plant nearby. It's still there and is located at 800 Skyline Road in Grand Prairie.

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Mobile Home Park Mastery Podcast: Episode 353 - Making Exceptions Creates Exceptional Problems

Burger King used the tag line “have it your way” in all their marketing since 1974 as a weapon against McDonald’s refusal to customize their burgers. But as a mobile home park owner you want to be much more like McDonald’s and not at all like Burger King in this regard. In this Mobile Home Park Mastery podcast we’re going to discuss why making exceptions with customers and managers often leads o catastrophe.

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Debunking The “National Rent Control” Scam

Biden has a new talking point: If you re-elect him, he will enact a 5% annual rent increase cap on all landlords. Can he do that?

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Mobile Home Park Mastery Podcast: Episode 352 - Navigating Pre-hud Home Deals

Most mobile home parks have a mixture of old and new homes – but some have strictly pre-HUD vintage units. In this Mobile Home Park Mastery podcast we’re going to explore the good and bad attributes to having nothing but old homes from an era long ago.

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Despite High Interest Rates, A Pending Recession, And The Commercial Real Estate Lending Apocalypse, Now Is A Great Time To Buy A Mobile Home Park

Not all commercial real estate is created equal. Some is reliant on “good times” and economic boom like shopping centers, hotels and office buildings. And others are “contrarian” and flourish when times are terrible. And the most “contrarian” investment property in the U.S. is the classic “trailer park”. Essentially a parking lot for mobile homes, these properties are 100% focused on affordable housing – a product that goes up in demand in inverse proportion to the decline of the U.S. economy. So how does the mobile home park asset class fit into the current torrent of U.S. bad news?

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The 10th Anniversary of the New York Times Article on MHU

It’s been ten years since the article in the New York Times came out titled The Cold, Hard Lessons of Mobile Home U written by Gary Rivlin. It was a landmark piece of news at the time.

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Mobile Home Park Mastery Podcast: Episode 351 - Handing Off The Lending Baton

Even though the amortization on a mobile home park mortgage is typically 25 to 30 years in length, the balloon comes due around year 5 to 10. Like a relay race, the successful mobile home park owner must make sure that the baton can be seamlessly passed to the next lender. In this Mobile Home Park Mastery podcast we’re going to review proactive methods to make that transition reliably smooth.

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Mobile Home Park Mastery Podcast: Episode 350 - Understanding The Concept Of “Hot” Markets

Brokers frequently claim that a market is “hot” which they equate to being of superior quality and therefore worthy of potentially overpaying. But it this a good idea? Should you favor “hot” markets? In this Mobile Home Park Mastery podcast we’re going to explore this concept in depth and offer some constructive pointers regarding buying parks in these parts of the nation.

Listen To Episode 350