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40 Mobile Home Parks & 2.8K Doors Later, This Asset Prints Cash!⎜Ben Schuster & Blake Comfort E488
Description
Rich sits down with Blake Comfort and Ben Schuster — the duo behind Comfort Capital — to break down why mobile home parks might be the most overlooked and recession-resilient asset class in real estate right now.
They dig into why there are only 45,000 manufactured housing communities in the entire US and virtually no new ones being built, how their expense ratios crush multifamily at 20-30% vs 50-60%, why resident turnover is just 2-5% compared to 40-50% in apartments, and how they've raised over $125 million to build a portfolio targeting urban core markets in Phoenix and Dallas. If you've ever written off mobile home parks as too unsexy to take seriously, this conversation will change your mind. Let's get into it.
Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.Interested in joining The 7 Figure Creator Mastermind? Visit www.the7figurecreator.com to book a free intro call.Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call.
Connect with Rich on Instagram: @rich_somers
Interested in joining The 7 Figure Creator Mastermind? Visit www.the7figurecreator.com to book a free intro call.
Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call.