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Jonathan & Amanda Cruise

We’re Jonathan and Amanda Cruise from Raleigh, NC. At one time we both had traditional corporate careers. Jonathan was an IT project manager and Amanda managed a team of data analysts at Capital One. In 2017 after having our first baby (and Amanda almost dying in that process), we started building the lives of our dreams in real estate. It’s not an easy life – after all, we chose manufactured housing as our niche! But easy or not, we are fully immersed in the world of manufactured housing – from owning and improving manufactured home communities, to building brand new manufactured homes on land. We LOVE affordable housing and are proud to provide safe, clean, affordable housing in our communities. We’re also proud to provide incredible investment opportunities for our investors. We offer private lending and equity partnerships, with each offering depending on the deal size, timeline, etc. When we offer an opportunity to invest alongside us, we work our butts off to make it a success. And our track record stands for itself. We have 100% on-time distributions to our dozens of investors. We’ve seen the ugly, the messy, and yes – the slumlords. Nothing scares us in this business. We know how to find the right properties, perform ALL the inspections, pivot when necessary, add value, and achieve results.

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In The Media

Asset Spotlight: Mobile Home Parks

Affordable Housing

You’ve felt it – our dollars don’t go as far as they used to. There’s a huge shortage of housing, especially affordable housing. Nice, well-kept manufactured home communities are a great solution for affordable living. Many residents can even own their own homes for much less than the cost of a comparable rental. As housing prices rise, the demand for affordable housing will only continue to grow.

Decreasing Supply

Each year, manufactured home communities are torn down and replaced with higher tax-value real estate like townhouses and retail centers. Even as affordable housing is more necessary than ever, the number of manufactured home communities is decreasing, making the asset more and more in demand.

Value-add opportunities

Many communities were built a few decades ago by entrepreneurial couples looking to make some extra income with land they own. The systems put in place, for example to collect rent, were never updated because they worked just fine. Rents were often not increased to market rents either, and sometimes the infrastructure was never upgraded. A fresh infusion of money can really spruce up some of these communities. Capital infusion, along with solid execution on the financial side, can really drive up the value of these assets, which can result in great equity gains.

Better Returns

Multi-family real estate is known for its stability and value-add opportunities. Mobile home parks are a niche within the multi-family sector where CAP rates are higher than with other classes such as apartment complexes. This means you can get higher net operating income for the same purchase price.

Are You Ready To Handoff The Hardwork?