STRATEGY
MOBILE HOMES
requirement for the coin issuer to approve sales. The cryptocurrency would be sold on an exchange and could be resold on the exchange as long as all the regulatory body rules were observed. The issu- er can also own APTCoin, so it is possible to sell part of the property to raise capital while maintaining substantial ownership. From the issuer’s perspective, the STO approach is like a regular syndication except that the crypto platforms (like many of the current investor management platforms) provide capability to support investor management like distrib- uting returns, supporting investor voting, and providing tax docu- ments and property reports. But from the investor’s perspective, the STO is much better than a private placement. If Jane Investor puts
$250,000 into the initial investment and two years later really needs to get $50,000 of her money back, she can sell that portion of her invest- ment on the exchange, keep the $200,000 invested, and have many more options for exit or transfer than with a PPM. THE SPEED OF MOVING MONEY The second way that crypto- currency helps with liquidity is by increasing the speed of moving money for real estate. Cryptocur- rency is virtual and can be trans- ferred with low fees anywhere in the world in minutes. This im- proves the ability of foreign inves- tors to move funds across country boundaries (again, while following all applicable laws). It also opens
real estate investing to a new and growing market of successful cryptocurrency investors who have made a killing in crypto and want to diversify into something as steady and conventional as real estate. Ac- cepting cryptocurrency as payment (or partial payment) further speeds real estate transactions. It allows sellers with difficult properties to
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This content is brought to you by Mobile Home Millions
Steve Streetman, president of StreetSmart Investments, LLC, a commercial real estate investing company, is an avid cryptocurrency
Mobile Home Millions MANUFACTURED HOMES ARE AMERICA'S SMART SOLUTION.
investor and has worked in cryptography and high-end computer modeling for over 30 years. He teaches commercial real estate investment courses and is a real estate agent with RealInvestors Real Estate Services. His book “Cryptocurrency and Real Estate: How Bitcoin and Blockchain Will Transform Real Estate Investing” is anticipated to release fall 2019.
by Chimene Van Gundy
D
id you know the cost of a man- ufactured home is, on average,
season can wreak havoc on organic product that should never be wet prior to being sandwiched within the dark confines of a house where mold can grow and spread. In truth, the manufacturing of a home in one controlled environment has so much more research involved in the materials and the process. There is also very little variable sur- rounding the process. You are argu- ably getting a higher quality home than one that is site built with a bevy of contractors putting their hands in. Contractors often are only concerned with the functionality of their respec- tive aspect of the home, whether it is electrical, plumbing, insulation, etc. Manufactured homes/mobile homes have proven to be an answer to the affordable housing crisis, and we are seeing that they also provide a great deal of jobs within the U.S. Almost 100,000 homes were pro- duced in 2018, and the manufacturers provided 40,000 jobs. There are 123 manufacturing plants and 35 U.S. corporations running them. The man- ufacturing sector of the manufac- tured housing market has contributed
nearly $3 billion to the GDP each year. What this means is that the econo- my can thank manufactured housing and look to it to provide a great deal of help in answering, not only mount- ing concerns around affordable hous- ing, but also housing without corners cut due to limited cost and health hazards that go hand-in-hand with site builds when budgets are in place. Best of all, manufactured houses are made in America. Are you ready to get started? If so, contact us at https://mobilehome- millions.com for more information on mobile home park investments. •
less than HALF the cost of what a site-built home cost to build? And, what may be even more surprising, it’s NOT because you’ve sacrificed quality. In fact, that is a misguided concept that some less-than-scrupu- lous site-built contractors would love you to believe. The manufactured sec- tor of the housing market has found natural ways to keep costs down by streamlining the process of build- ing and making it far more efficient. Thereby, they have reduced some of the costs long expected to be buried into the cost of building a site-built home by construction contractors. Think about it for a moment. Gone are the days where the contractor must plan recourse for issues that arise later due to the length of time and uncontrollable variable conditions on a site-built home. Pre-manufactured home builders don’t have to figure in the fallout plan for angry homeowners yelling or threatening to sue them after material was soaked by rain. An uncontrollable issue like a rainy
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Chimene Van Gundy is the mother of five children, and she runs and manages five different companies. She is known as the "The Mobile Home Millionaire" and “Queen of Mobile Homes” because she has fixed,
flipped, and wholesaled more than 400 units to date in four years and in 11 states. She currently owns 20 mobile home parks and has taken her business international by rehabbing mobile homes in Ireland, where they are called “Holiday homes.” Chimene is on a mission to preserve the “last frontier of affordable housing for the U.S.” and is currently teaching others how to use these “little boxes that spit out cash” to change their lives and live the life of their dreams through her mobile home millions platform.
54 | think realty magazine :: september / october 2019
thinkrealty . com | 55
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