San Jose mobile home park sold for $14.7Million
-- Press Release - Thu 05/15/08 05:09:44 pm --
Marcus & Millichap Real Estate
Investment Services said Wednesday it sold
Oakcrest Estates Mobile Home Park in San Jose for $14.7 million.
The 158-space mobile home park sold for the
equivalent of about $93,670 per unit.
The cap r...
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Declining home sales put American Land Lease in red
-- Business Journals - Wed 05/14/08 01:46:31 pm --
A nearly 50 percent drop in new home sales has affected the bottom line of American Land Lease Inc.
The retirement community real estate investment trust reported a net loss of $1.5 million, or 19 cents per share, compared to a $1.3 million, or 16 cents per share, gain the company earned a year before. Revenue was $14 million, down more than 21 percent.
Home sale revenue was down to $3.4 mil...
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Buying A Manufactured Housing Community? What to Look For?
-- from the Chrissy Jackson Archives - Sun 05/11/08 06:16:48 pm --
If you want to buy an older community that is in need of repair, where do you start? What do you consider? To whom do you go to ask questions? What questions are important? What other resources do you have to consider?
Recently, a woman wrote to ask me what she should do in considering the purchase of an older community “that is in much need of repair.” She said the curren...
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Best Selling Manufactured Housing E-Books
-- Select for Instant Download - Sun 05/11/08 06:04:31 pm --
Within a few minutes or less you will be able to save your e-book your computer,
and read it on your screen or print all or parts of the book for your personal use.
To download click on the title of your..The Manual for Manufactured Home Repair & Upgrade - E-Book EditionBy Mark Bower
Selling New Homes the Easy Way - E-Book Edition - by Jerry Rouleau
How To Get An FHA Guar...
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VIDEO: Home Installers Work Around & Overcome Obstacles
-- Between The Trees - Sun 05/11/08 05:54:57 pm --
This video shows the placing of a manufactured home onto its foundation on a wooded lot How the installers overcome obstacles. The guys who installed this home knew what they were doing..
Post and Read Comments about
...
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Palm Harbor to Broadcast Conference Call on the Internet
-- Business Wire - Sun 05/11/08 05:48:24 pm --
DALLAS--(BUSINESS WIRE)--Palm Harbor Homes, Inc.
(NASDAQ:PHHM - News) will provide an online,
real-time webcast and rebroadcast of its conference call on We...
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Manufactured housing strategy anew
-- Portsmouth Herald News - Sun 05/11/08 05:31:33 pm --
For 24 years, the New Hampshire Community Loan Fund and its public and private partners have pioneered a manufactured housing strategy that both preserves existing affordable (or work-force) housing and creates a bridge for working families to become homeowners. This strategy has proven so successful that we are spinning off a national organization to spread it across the United States...
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UMH Properties, Inc. Reports First Quarter Earnings
-- PRNewswire - Sun 05/11/08 05:24:31 pm --
FREEHOLD, N.J., May 9 /PRNewswire-FirstCall/ -- UMH Properties, Inc.
(Amex: UMH) reported net loss of ($305,000) or ($0.03) a share for the
quarter ended March 31, 2008, as compared to net income of $837,000 or
$0.08 a share for the quarter ended March 31, 2007. Included in the loss
for 2008 are losses in our futures contracts of $651,000 or $0.06 a share
and a...
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The Case for Land Lease Communities
-- by Ed Hicks - Sun 05/11/08 04:59:14 pm --
Whether you call them trailer parks, mobile home parks, or the more accurate term Manufactured Home Land Lease Communities, since the early 40´s they have played an important part in our Nations affordable housing. Initially they were a convenient source of low cost housing for factory worker...
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Park Investors & Sellers Advantages to Lease/Options
-- by Dave Reynolds - Sun 05/11/08 12:10:39 pm --
Why leases with an option to buy
may be a better way to go for sellers and buyers. Instead of an outright
purchase of a Mobile Home or RV Park, a lease with the option to buy can make
more deals happen. Here are some benefits that often occur in these type
transactions:...
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Manufactured homes offer affordable housing
-- Concord Monitor - Sun 05/11/08 11:52:31 am --
Then the New Hampshire Housing Finance Authority began offering the first traditional fixed-rate single-family mortgage loans for first-time buyers in resident-owned communities...created housing stability, security and affordability for themselves and their families. To the extent that some parks otherwise would have been sold and closed, cooperative ownership has preserved an important source of...
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Construction Spending Declines 1.1 Percent in March
-- BuildeingOnLine - Sat 05/10/08 12:55:39 pm --
Construction spending during March 2008 was estimated at a seasonally adjusted annual rate of $1,123.5 billion, 1.1 percent below the revised February estimate of $1,136.5 billion, according to the U.S. Census Bureau.
PRIVATE CONSTRUCTION
...
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Misconceptions Of Mobile Home Park Financing
-- By Buddy Dufau - Fri 05/09/08 11:28:49 pm --
The greatest misconception about financing Mobile
Home Parks is that the lender who finances the park will also finance the homes.
The fact is that nothing could further from the truth since the value of the
homes are of no value to the lending institutions. The reason is that the homes
depreciate in value, people tend to trash them when they leave, and even...
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HOW TO RENT MOBILE HOME LOTS IN A DOWN ECONOMY
-- By Frank Rolfe - Fri 05/09/08 11:11:04 pm --
You can’t be a mobile home park owner and not realize that
the good old days are over in filling up vacant mobile home park lots. Those of
us who owned parks in the late 1990s became spoiled with how easy it was to fill
up a mobile home park. Back then, all you had to do was to meet with a few
d...
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White House leaves door open on housing rescue
-- Reuters - Fri 05/09/08 09:52:32 pm --
By Kevin Drawbaugh WASHINGTON (Reuters) - The White House on Friday set out terms for a possible deal on a housing market rescue plan, as a sweeping package ...US House passes major housing rescue bill guardian.co.ukHouse passes mortgage rescue Los Angeles TimesHouse Sends Housing Overhaul Bill to Senate Helicopter Association InternationalWashington Post - Reutersall 192 news articles...
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Financing the Rehabilitation of Your Manufactured Housing Community.
-- by Ed Hicks - Fri 05/09/08 09:49:59 pm --
An excellent, low cost way to finance an existing community is using the provisions of the little known loan guarantee program is now available for qualified communities. It may be used for the acquisition and rehabilitation, rehabilitation, or rehabilitation and expansion of your manufactured housing land lease (MH-LLC) community or may also be used for entirely new MH-LLC community development...
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Manufactured homes offer affordable housing
-- Concord Monitor - Fri 05/09/08 09:40:21 pm --
For 24 years, the New Hampshire Community Loan Fund and its partners have pioneered a manufactured housing strategy that preserves existing affordable ......
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Green Courte named MHCommunity Operator of the Year
-- News Release - Fri 05/09/08 09:37:31 pm --
LAKE FOREST, Ill., May 8 --Green Courte Partners, LLC announced today that it was recently named "Manufactured Home Community Operator of the Year" at the Manufactured Housing Institute's 2008 Congress & Expo for Manufactured and Modular Housing. Award recipients are chosen by a group of manufactured housing industry leaders.
Green Courte Partners has made...
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Builder expo in Ontario helps owners fix up homes, focus on green - Press
-- Enterprise - Fri 05/09/08 09:16:52 pm --
Homebuyers are looking at manufactured homes for many reasons, said Jess Maxcy, president of the California Manufactured Housing Institute. ......
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Buffett buys subprime mortgages, freezes resets
-- Market Watch - Fri 05/09/08 08:53:30 pm --
OMAHA, Neb. (MarketWatch) -- Berkshire Hathaway has bought portfolios of subprime mortgages and has frozen resets that were due to send the interest rate on those home loans higher, Chairman Warren Buffett said on Sunday.
Clayton Homes, which makes and provides financing on manufactured homes, purchased these subprime mortgages and sent letters out to all the borrowers involved telling them the i...
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