It is remarkable that Andrew Cramer has done 37 mobile home park transactions over the past 15 years, with 20 parks still in his portfolio. But what’s more impressive is that he accomplished this in one of the most competitive markets in the U.S.: the states of Washington and Oregon.
In this one-hour discussion, Frank talks with Andrew about how he found and financed the parks he purchased, his operational insights, his key lessons learned, and his predictions for the future. They also discuss the playbook for working in highly competitive states, as well as ones that are extremely regulated, including rent control.