Helping Mobilehome Park Residents Become Park Owners
THE SAGA OF SUNNY OAKS Sunny Oaks MHP is a beautiful, 65-space, 55+ manufactured home park in Los Osos, California (about halfway between San Luis Obispo and Morro Bay). The Saga of Sunny Oaks began 20 or so years ago when the park was purchased by a 501c3 nonprofit corporation (the ‘Owner’). At first, the … Read more
The Continuing Saga of Little Woods MHP The Story Goes On. Little Woods (LW) MHP is a 78 site, low-moderate income, family mobile home park in Petaluma, CA. The community also includes seniors, fixed income, etc. Many residents have been in LW for years. Site rents average about $470/mo. The park has been subject to … Read more
The residents and Board of Pecan Community Association (PCA), El Cajon, Ca, are pleased to announce they have completed the refinancing of their resident-owned manufactured home park.
The Refinance of a Resident Owned MHP
St. Vincent’s of Santa Barbara Tells Seniors to TAKE A HIKE – NOT IN A GOOD WAY.
ANOTHER LOST OPPORTUNITY It doesn’t come along very often – the opportunity for mobile home park residents to purchase their park. Today’s message is pretty BLUNT, but it’s important that you ‘get it’. The process of the resident group buying their park is delicate and complex. When the idea of the purchase becomes ‘public’, the … Read more
Sunnyvale Torpedos Mobile Home Park
It takes a lot of effort, leadership, group support, time, and expectations for MH resident groups to buy their park. There is usually a lot of stress leading up to the closing of the purchase.
And then, all at once, they close the deal and that stress is released. It’s over! We’ve done it!
I get many of calls from resident groups seeking to purchase their mobile home park.
They all want to know what it takes to buy it, how they can go about it, what will it cost, how long will it take, and, bottom line, do I think their park could do it?
Many of you may remember the old story (a science class experiment maybe?) about the frog in the pot on the stove.
If you put a frog in a pot and slowly turn up the heat, the frog won’t notice and you will end up with frog legs (if you like that sort of menu item) for dinner.