“ We want to help people become homeowners.” – Jefferson Lilly
Jefferson Lilly of Park Avenue Partners joins Jay Conner.
Park Avenue Partners is a real estate investment partnership that invests in and operates mobile home parks nationwide.
It is their mission both to generate above-average risk-adjusted returns for their limited partners, as well as to increase the supply of affordable housing for low-income Americans.
For more valuable information click on this link and watch the complete episode: https://youtu.be/zPxVtNFSdrc – “Own A Mobile Home Park Now! with Jefferson Lilly & Jay Conner, The Private Money Authority”
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Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.
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Jay Conner:
Your ultimate goal is for everyone in the park to be owning their home. And then the only thing that they’re having to rent is the land?
Jefferson Lilly:
Yes, we want to help people be homeowners, and we want to help ourselves effectively run parking lots. We don’t actually like maintaining those proverbial leaky toilets and leaky roofs. And lo and behold, when you have someone who owns their house or is working towards renting to own it, they move from a renter’s mentality to an owner’s mentality, and they tend to take better care of their own leaky toilets and leaky roofs. So it’s really a win-win for all of us to help folks become homeowners also to help us reduce our repair and maintenance headache and again, filter for really a better quality resident, people that want to be a homeowner and want to stop renting. That’s really our target market. And we help those folks afford homes for two, to maybe $5,000 down. And they’re going to own those homes in 2 to maybe 15 years. There’s no 30 year indebtedness in our business. Everybody’s going to be a homeowner much more quickly.
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