A Canadian Investing in the U.S. with Glen Sutherland

EP358 Manufactured Housing Using the Fund Model with Sean Gibson and Alden Guajardo


Listen Later

This episode explores the world of manufactured housing as a unique investment opportunity in the US. Glen is joined by Alden and Sean, who specialize in originating notes and investing in manufactured housing communities, providing insights into this niche market.
Key Highlights
1. Defining Manufactured Housing
Often confused with RVs or trailers, manufactured homes are single-move properties transported from the factory to a lot.
Typically found in established communities with amenities like pools, city utilities, and more.
Units are personal property, titled through the DMV, unlike traditional real estate.
2. Property Features
Focus on 3-4 bedroom homes (800-1300 sq. ft.) to cater to families.
Renovated properties with modern amenities like granite countertops and new appliances.
Homes are placed in family parks or 55+ communities.
3. Investment Opportunities
Note Investing: Individuals can purchase notes secured by manufactured homes, earning returns without managing tenants or properties.
Accredited Fund: The Silvercrest Opportunity Fund offers diversified portfolios of notes, with 1-year (10% net) and 3-year (12% net) investment terms.
4. Risk and Mitigation
Note Investing: Slightly higher risk due to potential non-performance, but supported by the fund's back-office services for repossession and resale.
Fund Model: Diversifies risk across multiple notes, with the management team handling repossessions, retitling, and remarketing.
5. Advantages of Manufactured Housing
Affordable housing demand continues to rise.
Investment provides opportunities for passive income, with lower risk than traditional real estate.
Evictions for non-performing notes are simpler and less costly than traditional foreclosures.
6. Underwriting Process
Buyers are rigorously qualified with credit checks, employment verification, and substantial down payments.
This reduces repossession risks and ensures steady cash flow.
Host’s Takeaways
Manufactured housing provides diverse investment pathways: individual notes, accredited funds, or direct property ownership.
Eviction is a cost-effective recourse compared to traditional foreclosure, minimizing potential losses.
Negative stereotypes around manufactured housing are outdated as the market evolves with modern communities and high standards.
Closing Remarks:
Alden and Sean emphasize the significant opportunities in manufactured housing, particularly for investors seeking affordable entry points and consistent returns. They invite listeners to explore this growing sector further, highlighting its potential to diversify portfolios.
...more
View all episodesView all episodes
Download on the App Store

A Canadian Investing in the U.S. with Glen SutherlandBy Glen Sutherland

  • 5
  • 5
  • 5
  • 5
  • 5

5

6 ratings


More shows like A Canadian Investing in the U.S. with Glen Sutherland

View all
The Briefing with Albert Mohler by R. Albert Mohler, Jr.

The Briefing with Albert Mohler

8,488 Listeners

BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,808 Listeners

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

3,858 Listeners

The Best Ever CRE Show by Joe Fairless

The Best Ever CRE Show

988 Listeners

Build Wealth Canada Podcast by Kornel Szrejber: Investor

Build Wealth Canada Podcast

18 Listeners

Vancouver Real Estate Podcast by Adam and Matt Scalena

Vancouver Real Estate Podcast

13 Listeners

The Truth About Real Estate Investing... for Canadians by Erwin Szeto

The Truth About Real Estate Investing... for Canadians

8 Listeners

The Jordan B. Peterson Podcast by Dr. Jordan B. Peterson

The Jordan B. Peterson Podcast

33,852 Listeners

Where Should I Invest? Real Estate Investing in Canada by Sarah Larbi

Where Should I Invest? Real Estate Investing in Canada

9 Listeners

Real Estate Rookie by BiggerPockets

Real Estate Rookie

1,821 Listeners

The Canadian Investor by Braden Dennis & Simon Belanger

The Canadian Investor

83 Listeners

The Canadian Real Estate Investor by Daniel Foch & Nick Hill

The Canadian Real Estate Investor

8 Listeners

Canadian Wealth Secrets by Kyle Pearce, Jon Orr

Canadian Wealth Secrets

23 Listeners

Angry Mortgage by Ron Butler

Angry Mortgage

4 Listeners

The BetterLife Podcast: Wealth | Real Estate Investing | Life by Brandon Turner & Cam Cathcart

The BetterLife Podcast: Wealth | Real Estate Investing | Life

821 Listeners