Author Archives: Edward Hicks

About Edward Hicks

Edward “Eddie” Hicks has been active in the manufactured housing industry since 1963. He is not only a Licensed Real-Estate Broker but also a Licensed Mortgage Broker. These combined backgrounds have contributed to his great success as a buyer's agent for investors seeking Manufactured Home Community properties. Mr. Hicks was a member of the Development Council of the Manufactured Housing Institute. Don't miss his popular "ASK EDDIE" contributions to the industry publication "The Journal of Manufactured Housing".

Is that a HUD Code or Modular Home?

Which of these two homes is built to the so called modular codes, and which one to the HUD Codes? Is it important? Not sure? Continue reading →

I Want to Buy Your Mobile Home Park!

I have a client who is seeking to purchase manufactured home land lease communities (mobile home parks) in the price range of $1.0M to $10.0M or more.

At today´s low interest rates, community prices are at an all time high. Continue reading →

Overheard.

The following is a “conversation” with the developer of a newly built family m/h land lease community. It is a compendium of conversations with many developers across the USA, who find their projects floundering under similar circumstances.
Continue reading →

Why am I having such a hard time finding a suitable mhp investment?

Why am I having such a hard time finding a suitable investment grade m/h land lease community? Don C., Midland, TX

There are many more buyers than sellers of m/h land lease (M/HLL) communities right now, and it probably isn’t going to improve in the near future, so you can expect a lot of competition. It’s no secret anymore that investing in M/HLL communities, at the right price and good financing, can be one of the most lucrative and safe of all the real estate investment opportunities. With so many buyers and so few communities for sale Continue reading →