WREN is working on our first mobile home park purchase. Yes, it's taking longer than we expected but we're buying bigger and better for the benefit of our investors.
Most investors don’t know the facts regarding Mobile Home Parks. And that’s a shame, because they are a profitable real estate purchase and the homes are desperately needed, especially in the US!
There are several key reasons for this:
- 47% of U.S. households are on some type of social program, and they are all potential mobile home park customers.
- The demand for affordable housing is soaring. There are over 10,000 baby boomers per day retiring, with social security checks that average only $14,000 per year – and they need affordable housing, too.
- The bulk of Mobile Home Parks are still owned by the original “moms & pops” who built them – and they are able to offer seller financing at reasonable prices.
If you want to learn more, check out what our own Mobile Home Mentors offer in terms of education and workshops.
CLICK HERE to find out more!