Nostradamus was a French astrologer that died in 1566 after leaving a number of important predictions. Many came true and Nostradamus has been much followed by a number of people who believe he could see the future. One major prediction that Nostradamus made was that the world would end in 2025. However, we think he made a slight mistake in that prediction. It was not that the world would end in 2025, but rather that stagnant and high U.S. interest rates would end in 2025. And, to that end, Frank is going to make his own prediction as to the exact date when interest rates will come down in a significant way.

This week it was revealed that the U.S. had overstated the jobs number by 911,000 workers. That’s the largest jobs revision in history and clearly means the economy Trump was given was already in free fall as far as job creation goes. It would appear that this was a deliberate attempt to give Biden positive talking points, but the scandal has a huge impact on one of the most important items for park owners: interest rates.

As reported in CRE Daily and The Financial Times, Brookfield Asset Management, a Canadian REIT, is in the process of buying YES Communities – America’s 4th largest mobile home park owner – for around $10 billion. That’s the largest real estate transaction of the past decade, and one of the largest in U.S. history. And it has many important implications for the mobile home park industry. 

Mobile home parks have the lowest default rate of any real estate sector, but when they do fail it always seems to be due to the same factors. In this Mobile Home Park Mastery podcast we’re going to explore the reasons why parks are sometimes unsuccessful and how to mitigate those risks.

Do you have good luck or bad luck? Regardless of your answer, you’re probably wrong. In this Mobile Home Park Mastery podcast we’re going to review how buyers put way too much emphasis on “luck” without truly understanding its role in making money with mobile home parks.

There are many styles of turn-arounds, but one of the riskiest and most complex is buying a property that has extremely low occupancy. In this Mobile Home Park Mastery podcast we’re going to review the key elements to the successful purchase and turn-around of mobile home parks with high levels of vacancy.