Episode 19 - Addressing Affordable Housing Through Manufactured Home Communities
In this episode of Purpose-Driven Wealth, your host Mo Bina is joined by Glenn Esterson to discuss the general setup for investors and those looking for affordable housing in the mobile home community. After sharing how Glenn transitioned from farming...
- How Glenn got into investing in mobile home parks
- The changes with MHCs in the past decade
- Glenn Esterson on the spread between operating cap rates and bank loan interests
- The responsibilities that come with park-owned and tenant-owned homes
- Suggestions for syndicators looking for deals in the MH community
- and so much more!
About Glenn Esterson:
Glenn Esterson has been a commercial real estate broker since 2001 and bought his first manufactured home community in 2004. He has sold hundreds of parks nationwide and continues to be one of the industry's most active brokers.
In 2019 Glenn was recruited by Marcus & Millichap as a Vice-President to build a national MHC/RV team with an emphasis on the east coast and sunbelt markets.
Most recently Glenn has authored the MHC industry's newest book called The Mobile Home Park Manifesto which is now available here or on Amazon.
With more than twenty years in the commercial real estate business, Glenn has successfully owned and operated mobile home parks, as well as assisting his clients buy and sell land lease communities throughout the U.S. markets.
Early in his career, Glenn worked with low income housing and conducted apartment sales, condo-conversions and property management. From there, Glenn transitioned into investment sales of manufactured housing communities & RV parks throughout the Southeast and Mid-Atlantic and now the entire nation.
Glenn works exclusively with institutions, syndication's and private investors as their primary real estate investment adviser for their acquisition and disposition needs. Glenn provides clients with expertise in asset management, portfolio analysis, site selection, optimizing and implementing achievable upside plans, traditional brokering and consulting. Glenn has executed more than 400 transactions over his career.
Follow Glenn Esterson on:
Website: https://estersonmhcteam.com/
LinkedIn: https://www.linkedin.com/in/glenn-esterson-66760129/
The Mobile Home Park Manifesto: Ethical and profitable investing in non-institutional grade land lease communities, eBook by Glenn D. Esterson:
https://www.themhpexpert.com/buy-the-book-the-mhp-manifesto/
Connect with Mo Bina on:
Website: https://www.high-risecapital.com/
Medium: https://mobina.medium.com/
For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here:
https://www.high-risecapital.com/resources-index
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