Mobile Home Park Investors with Jefferson Lilly & Brad Johnson
Business:Investing
Welcome to Episode 118 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today’s guest is Dennis Smith from Freddie Mac. Freddie Mac is considered a GSE (government-sponsored enterprise) and with that comes the Duty to Serve mandate, which focuses on three underserved markets for those who make under 80% of the median income. On today’s show, Dennis explains what the Duty to Serve initiative means and how that affects both mobile home residents and owners.
Key Takeaways:
[2:20] What did Dennis do prior to joining Freddie Mac?
[3:40] Dennis dives into a little bit of the history of Freddie Mac and what GSE (government-sponsored enterprise) is.
[4:15] Where did the ‘Duty to Serve’ mandate/regulation come from?
[6:10] Duty to serve focuses on three underserved markets; Rural housing, affordable housing, and manufactured housing. How is rural housing defined?
[7:40] How is affordable housing defined?
[10:15] What does Duty to Serve mean for the residents of mobile home parks?
[11:25] And, finally, what does Duty to Serve mean for the owners of mobile home parks?
Mentioned in This Episode:
Park Street Partners
Investment Opportunities
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Freddiemac.com
Freddiemac.com/about/duty-to-serve
EP035: Interview: Trailer Park Economics with Professor Charles Becker of Duke University — Part 2
EP034: Interview: Trailer Park Economics with Professor Charles Becker of Duke University — Part 1
EP033: Interview: Mobile Home Park Insurance - Better Safe Than Sorry with Kurt Kelley from Mobile Insurance
EP032: How to Find, Buy, and Move a Mobile Home into Your Mobile Home Park
EP031: Using Technology to Manage Your Mobile Home Park
EP030: Interview: John Hurd, Mobile Home Park Owner and Property Manager
EP029: Let's Do the Math: Why You Should Never Build A Mobile Home Park From Scratch
EP028: To Accept Or Not to Accept Section 8?
EP027: Interview: Real Estate Investor and Educator, Dyches Boddiford - Part 2
EP026: Interview: Real Estate Investor and Educator, Dyches Boddiford – Part 1
EP025: How to Hire and Work with Contractors
EP024: Interview: MHP Financing Insights with MJ Vukovich - Part 2
EP023: Interview: MHP Financing Insights with MJ Vukovich - Part 1
EP022: Things Brokers Say
EP021: Tales From the Road: MHI 2016
EP020: Interview: Industry Legend Jim Clayton
EP019: Case Study - Park Street's First Mobile Home Park Investment
EP018: Accelerated Depreciation on MHPs, and Reducing Your Income Taxes
EP017: Saving on Your Mobile Home Park Property Taxes
EP016: How to Market a Mobile Home Park
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