RealtyMogul, the online marketplace for real estate investing, announced it is currently raising capital for Mobile Home Park (MHP) Fund which will seek to acquire, add value and reposition MHPs that are generating income but which it deems to be under-valued, under-managed, under-performing or improperly capitalized.
Jilliene Helman, CEO of RealtyMogul, commented:
“We’re excited about offering investors the opportunity to invest in MHPs as there is a real need for affordable housing. MHPs have proven to be very resilient during both economic expansion and recessions. In addition to liking the risk/reward opportunity that comes along with MHP investing, RealtyMogul.com is thrilled to be investing with one of the top MHP investment companies in the country, MHP Funds, who owns over 16,000 MHP lots. This is MHP Funds’ ninth mobile home park fund and their sixth time working with RealtyMogul.com.”
Dave Reynolds, Key Principal, MHP Funds, LLC, explained:
“Our objective is to provide an investment opportunity that offers reduced risk compared to the stock market or other real estate investments, yet significantly higher returns than can be achieved in traditional low-risk alternatives such as saving accounts or CDs. We believe that MHPs are well suited to meet this investment profile because they are a tangible asset that fulfills an under-supplied fundamental and growing need for affordable housing, can offer immediate cash flow, and can provide opportunities for value creation using our time-tested business model and proven growth strategies.”
Mobile homes offer many Americans a chance of home ownership at a price they can afford. The MHP Fund will provide a diversified portfolio of MHPs that gives investors the financial benefits of ownership, but without the challenges of day-to-day management and tenant issues. Investors will also benefit from the diversification of owning multiple properties in different cities and states.
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