In today’s episode, we talk to Paul Bradley. Paul is a mobile home park operator who first stepped into the industry in 1988 when he was still 24 years old. As a young professional back then, he began working for an organization called New Hampshire Community Loan Fund, and since then made it his mission to help low-income people own homes, hence why he founded ROC USA in May 2008.
Paul emphasizes the importance of support. Their cooperatives work with low-income communities to help future residents own homes while being able to secure long-term gains. Paul inspires us how profit with a mission works, especially within low-income communities.
Highlights of the episode:
00:00:45 Guest Intro: Paul Bradley
00:01:17 Guest Shares His Background
00:02:11 The Leap
00:05:37 Difference Between Mobile Home Parks and Owner-Occupied Homes
00:09:24 Value Proposition
00:11:13 Equity
00:14:16 The Fear of Escalating Rents
00:15:43 Increasing Costs
00:19:50 Assessment Ratio and Other Sensitivities
00:26:44 Risk of Transfer
00:30:27 Putting Viable Opportunity
00:35:50 Who Pays for the Due Diligence
00:40:29 Closing
Connecting with the Guest:
Website: https://rocusa.org/
LinkedIn: https://www.linkedin.com/in/paul-bradley-01369813/
Connecting with MHP Law:
Website: https://themobilehomelawyer.com/
Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069
LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/
Instagram: https://www.instagram.com/themhplawyer
