In this 2 minute video, Mobile Home Expert Glenn D. Esterson explains why MHP Investing is hotter now more than ever – and why this opportunity won’t last forever.
Is now a good time to invest in manufactured housing communities?
The short answer is absolutely yes.
We have a very limited supply of available lots and people are transitioning out of apartments and looking to move into these communities.
At the same time, financing is easier than ever. And last but not least, it’s absolutely critical that we have affordable housing in this country.
We need to upgrade these parks and provide safe, reliable, affordable options for our citizens of this country.
I hope this encourages you to take a stronger look at MHP investing! Contact us today for more information!
There’s one question I get asked more than any other question. Every single day I’m asked, “is now a good time to invest in manufactured housing communities?” And the short answer is yes, absolutely yes. And here’s three reasons why, on top of all the other reasons out there.
Uh, the first reason being supply and demand. We have a very limited supply of available lots throughout the country. Uh, and we have an extremely high demand from tenants looking to live in these lots at our parks. Uh, people are transitioning out of apartments, and- that are much more expensive, and looking to move into these communities. So, our supply-demand curve is heavily weighted, uh, into the demands side. And as a landlord, that’s going to bode well for you. Uh, it’s going to help you push rents, it’s going to help you maintain high occupancy, it’s going to help you with strong cashflows.
Second really good reason is financing right now. Financing is easier than ever. You’ve all heard me say how hard financing is, and yes it’s still hard, but it’s still easier than it’s been before. And interest rates are only three or four percent for most parks right now, meaning you’re going to cashflow really well. Uh, and you’re going to get some pretty cheap money.
Uh, a third reason would be that it’s absolutely critical that we have affordable housing in this country. You’re going to be able to do well by your communities, not just the community that you’re investing in- the park itself, but in the overall broader community of the area that you’re in. Uh, we need good landlords, we need good people investing into these parks. We need to upgrade these parks, to provide safe reliable, affordable options, for our citizens of this country. And we really fit the bill for this.
And, you know, on top of that there’s a ton of other really great reasons. But those would be my three favorite right now, and I hope this would be something that would encourage you to take a stronger look at our industry. Thanks so much guys.