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Is Your City Or Community In The PATH of PROGRESS Or CONDEMNATION?
Is Your City Or Community
PATH of PROGRESS Or CONDEMNATION?
This post was inspired by a question I answered on Bigger Pockets; another RE social media platform I contribute to. It was about the acquisition of an old half empty or half full (depending on how you interpret your glass of ice cold brew) Mobilehome Community in Florida.
Not all Mobile/Manufactured Home Communities are bad investments. In fact most are actually very good investments with great cash flow, NOI, ROI and CR and there's plenty of gazillionaires around that would be more than happy to brag about their "TRAILER TREASURES" if you afforded them the time.
So please take a few moments to indulge me if you wish.
Having been beckoned In 2004 to Florida by a FEMA contractor in the aftermath of Hurricane Charley and his 3 pals, whence they ravaged a good part of the State, I had first hand experience with a number of Mobile/Manufactured Home Communities in particular that had become the victims of condemnation and a product of imminent domain issues that so often result after major disasters be they natural, man made or both.
Upon arriving with crews, tools, equipment and supplies at hand I was immediately commissioned to demolish several Mobile/Manufactured Home Communities that were partially if not totally destroyed.
In one instance I ... more
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