On this podcast, Jefferson Lilly and his partner Brad Johnson will focus on answering the question, why someone would want to own a mobile home park now? In particular, they are going to talk about the demographics of their tenant base, the need for affordable housing they are trying to fill and helping others to do the same – who might be listening to this podcast and thinking about getting into the mobile home park business!
Key Takeaways:
[1:27] Baby boomers are coming into retirement and they need affordable housing!
[3:43] Our average price point per month matches many retirees’ budget for housing.
[4:26] The mobile home park industry can help folks in need, specially seniors, get into a house they're actually going to own.
[4:41] There is an affordable housing crisis in America.
[5:34] An affordable, safe community for those that don't have capacity in their budget to pay more for housing.
[5:53] Path to home ownership for lower income individuals, seniors, and younger people in their 20’s getting married and starting a family.
[7:00] The parks we are buying are a better product. We offer affordable housing with many other benefits.
[8:19] A strong demand from those typically making $2,500 and less per month and a business that meets a very clear and stable need.
[10:16] Brad talks about issues with the entitlement program in America.
[11:59] We are providing housing for a lot of American families that desperately need it.
[12:44] Brad expands on the entitlement issue that's not often being talked about.
[14:20] Jefferson summarizes why this is such a good and trend-favored business.
[15:25] We take pride in helping lower income and middle class American families secure housing at an affordable price.
[15:53] Thank you for listening. Please find more information on parkstreetpartners.net and on the LinkedIn group, Mobile Home Park Investors.
Mentions:
Join the LinkedIn group: Mobile Home Park Investors
www.mobilehomeparkinvestors.net
Joint Center for Housing Studies at Harvard
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