HAPPY HOLIDAYS! – NOW GET OUT THERE AND BUY YOUR PARK!
Now is the time of year when we all pause and feel thankful for everything we have, especially our family and friends.
The past 16 or so months have been stressful on us all, and everyone is now attempting to make sense of the future.
Your future could be buying your park.
STOP and think about it.
Investors (i.e., MH Park Owners) tend to defer financial decisions in the face of uncertainty, especially when they know that the uncertainty will be clarified in the near future.
No one really knows what is going to happen now that the election is behind us, but we can see that investment money is now flowing from ‘safe’ investments (i.e., US Government Bonds) to less safe investments (i.e., the stock market).
From the standpoint of park owners, mobile home parks are a relatively safe investment, with a fairly steady rate of return but, again from the park owners standpoint, with a lot of problems and issues.
No one knows why park owners decide to do what they do.
But they MAY now be considering alternative investments (i.e., apartments, pork bellies, whatever) with better rates of return and less brain damage.
That means THEY MAY BE CONSIDERING SELLING YOUR PARK.
YOU NEED TO BE FIRST IN LINE TO BUY IT.
Organize a purchase committee, contact your neighbors, get some professional advice (i.e., me), and THEN, contact your park owner.
YOU CAN DO IT!
If you want to talk about any of this stuff, contact me (Deane Sargent – deane.f.sargent@gmail.com, 415-271-3919, www.pmcfinancialservices.com)
Deane Sargent and PMC Financial Services have been helping mobile home park resident groups and cooperatives to organize and find financing to buy their parks for over 20 years.