KGE Real Estate

Well, it was supposed to happen on August 3rd, and things got a little crazy in the step over the border. But everything finally worked itself out and we are finally the proud parents of a bouncing baby mobile home park. Okay, it’s not so much a baby, the park has been around for about 50 years. And bouncing would be a bad description, because this park puts out a great monthly cash flow.

As will any real estate investment, it is important to buy at a good price. That we did. Of all the searching we did, this was by far the best deal we came across.

Also, I have talked about cash flow many times and how important it is. This park puts out a very nice cash flow and this cash will allow us to improve the park over time and increase that cash flow in the future.

Lastly, financing a park in this market is critical. The wrong financing has put many parks back in the hands of banks and the previous owners. We were able to get seller financing for 10 years at an excellent fixed rate and private financing through a private lender’s equity line of credit. This makes the repayment of the park so much more manageable.

Get your properties at an excellent price with good cash flow and finance them properly and you can’t go wrong.