In the year 1843, a man known as Dr. John Cole, originally from Virginia, purchased over four-hundred acres of land, in the Republic of Texas. Included in the land was the area that would later become known as Highland Park and University Park. The area received its name because it is situated upon “high land”.

The area of Highland Park and University Park did not begin to develop until the very late nineteenth century when gravel streets were constructed. Highland Park has grown since its humble beginnings and is now called “Home” to ten thousand residents. The area of Highland Park and University Park is situated just four miles north of Dallas.

The Amenities of Highland Park

Highland Park has been named one of the wealthiest cities in the country. In fact, Highland Park is the nineteenth wealthiest city that has a population that exceeds one thousand residents. The two areas, both Highland Park and University Park, have been nicknamed the Park Cities.

Addresses in the Park Cities are highly sought after by professionals and families. One of the reasons for this is because Highland Park is the “second best educated city”. The “first best educated city” is University Park. Residents are assured that their children will receive an excellent informal and formal education.

The Highland Park Independent School District is ranked as the “second best high school” by Newsweek. An education is very important to parents and professionals that believe in continuing their education. This is just one of the reasons though, why so many residents desire a coveted Highland Park or University Park address.

Highland Park is noted for its gorgeous, serene tree-lined streets and expensive homes. Highland Park real estate has been in demand for quite some time. People want to live in this beautiful, vibrant upscale community that is considered to be an “island of residential solitude”. Highland Park homes for sale sell extremely fast.

An Overview of the Residents of Highland Park

The residents of Highland Park and University Park are employed in scientific management, professional sectors, administrative services, education, heath, social services and rental and leasing. The Highland Park Village invites residents to visit over eight shops, offices and restaurants. The Park Cities combined have a grand total of twenty-five stunning parks.

The Demand for Highland Park Real Estate

Highland Park and University Park real estate has experienced such an increase in demand that new developments are currently being constructed. As more and more people relocate to the Highland Park area there is new construction of residential homes, luxury condominium homes and rental units.

The Cambridge of Highland Park is an ongoing project which is converting fifty-five apartments into exquisite, breath-taking condominium homes. Many financial experts believe that now is a great time to invest in Highland Park real estate, as the city becomes more prosperous and highly sought after. One of the Highland Park real estate properties that is in demand the most are the beautiful mansions that are located on large, plush lots.

The growth of Highland Park and University Park is predicted to continue for the next twenty years. The Park Cities will continue to expand and thrive. Highland Park and University Park real estate is a wise investment for a family searching for the perfect home, or a wise investor looking for the next “hot” investment.

Mobile home park investors across the nation are raking in the dough while countless single family home real estate investors are struggling to turn a monthly profit. Okay, so it’s not exactly like investing on Madison Ave. However, if you have the knowledge you can do just as well as the Donald Trump in real estate. Just ask Jim Clayton of Clayton homes who sold his company and portfolio of mobile home parks to Warren Buffett for a cool $1.7 Billion dollars!

Why are mobile home parks the “red-headed stepchildren” of the commercial real estate investment world? Perhaps one of the reasons why most investors ignore this lucrative asset class, other than for obvious eye sore reasons and the negative connotation associated with mobile home parks (we like to call it the Jerry Springer effect), is because they believe it requires too much up front cash and a personal income statement well above their means. This might be true if you were trying to finance your property through a large bank, however many mobile home parks are purchased with much less than 20% down and with little financial reserves in the bank. In fact, many of these mobile home parks are purchased with seller financing.

Small to medium sized parks are typically owned by “mom and pop owners” that have been running or overseeing the managers of their respective parks for a long time. Many of these owners have mobile home parks that have a large vacancy due to the glut of repossessed mobile homes caused by the mobile home industry overheating in the late 1990′s. It is difficult for these owners to refinance or sell the mobile home parks conventionally due to the significant vacancies in their park.

Furthermore, some of these same owners prefer doing business the old fashioned way (without bankers / real estate brokers). In other words, a large percentage of mobile home park owners would rather take some initial financial consideration, make a nice profit each month off the interest on their note and not worry about the day-to-day issues of running the park. Additionally, many do not want to deal with a large tax problem if they sell the park outright. Sure they could 1031 exchange it into something bigger; but then they would be in the same situation all-over again.

Investing in mobile home parks is an absolutely beautiful thing! Not only is it a long term land play, but you have NUMEROUS ways to make money through multiple “profit centers” in a park. Single family homes and apartments are a “one trick pony” with only one source of revenue… the rent payment. It is much easier to achieve your financial goals with mobile home parks due to the following reasons:

1. The parks are usually in a less than favorable part of town. Therefore the land is cheap and you will be spreading that cost over numerous mobile homes.

2. Provided you purchased the right mobile home park, there will be vacancies for you to bring in extra mobile homes. (Yes, that’s right….you want at least 20% of the park vacant so that you have a huge upside!) You’re healthy, sharp and full of energy so you’ll improve the quality of the park, raise rents and maximize your rent roll. By the way, this will immediately increase the value of your mobile home park through the cap rate valuation.

Example

30 Space Park, $300 a month Rent Roll (50% Vacant) = $45,000 yearly rent

$45,000 – 15,000 (33% of rent goes towards Operating Expenses) = $30,000

$30,000 (N.O.I.) / 9.0 % (cap rate) = $333,333 (Your Purchase Price)

The Upside:

30 Space Park, 100% Occupancy, $320 a month rent roll = $115,200 yearly rent

$115,200 – $34,560 (30% park operating expenses) = $80,640

$80,640 (N.O.I.) / 9.0% (cap rate) = $896,000 (at 100% occupancy)

Over $500,000 profit!

3. If the cash flow of a park is low, you can add additional revenue by putting in a coin operated laundry mats, vending machines, lawn service, day care service, self storage, etc.

4. You can purchase mobile homes at a 40%-50% discount and resell them on terms (either with a lease option or note). Home ownership is the American dream so when you advertise “Own your own home, $2000 down, low monthly payments – Bad credit OK, call Boca Vista Mobile Home Park” your phone will ring off the hook, trust me. From there you take their down payment and have them sign your lease option paperwork that details the term of their loan with you. So why sell them one of your mobile homes….isn’t that an asset to the park you ask? Yes, but:

A. You now collect the lot rent. Pure profit with no additional expense.

B. Now you have someone in your park that has pride of ownership and will most likely take better care of the mobile home than a renter.

C. No costly maintenance. The buyer is responsible for all maintenance.

D. You can purchase the mobile home at wholesale cost and sell to your customer for retail. In many cases, you can double your money on each home. In addition, you charge an interest rate of 10-15%.

E. Some of your buyers will not finish out the loan term and will give you back the home in good condition. At that point, the property is 100% yours again, you’ve pocketed the $2000 option payment and you start the process all over.

As you can see, mobile home parks are an amazing real estate investment. Where else can you find an income property with so many profit centers (with the exception of self storage). Mobile home parks are huge cash cows and ultimately will become a land play. Take advantage of the untapped opportunity that exists today in the mobile home park industry before it is discovered by the masses!

Polaris World

Polaris World is a leading property company that offers you the most ideal living conditions and ambience. The atmosphere of relaxation and security and the high quality lifestyle while enjoying the mild Mediterranean climate and practicing your favourite sport – all these are found in Polaris World and more!

There are currently 12 Polaris World Golf Resorts that have all been intricately designed, landscaped and constructed. Each resort offers an entirely different type of property to suit your every need. While some golf resorts offer apartments, others offer villas and townhouses, or a combination of both.

Central to the feature of each resort are a comprehensive town centre and a Jack Nicklaus designed golf course with comprehensive sports facilities. Three out of 12 resorts house magnificent 5-star hotels from the Intercontinental Hotel Group, each of which is fully equipped with all the amenities that you need.

To give you an idea of what you can expect, let us go through some of the resorts developed by Polaris World. For a full list of Polaris World Resorts why not visit our site Polaris World UK

Mar Menor Golf Resort

Mar Menor Golf Resort is just a 10 minute drive from the San Javier Murcia International Airport and 5 minutes away from the amazing beaches of Mar Menor. It houses a wide range of properties and facilities to include townhouses, villas, apartments, an 18-hole golf course, a 5-star hotel, clubhouse, spa, sports centre, pools, shops, restaurants and bar.

Mar Menor is very ideal for those looking for a second home or those wanting to settle right under the Spanish sunshine.

La Torre Golf Resort

La Torre Golf Resort is also superbly located with easy access to the beach, towns (such as Murcia’s historic) and the airport. The resort is built around a beautiful lake with its town centre bustling with cafes, pubs, and international restaurants. A luxury hotel is also situated in this resort complete with spas, fitness centres and sports facilities.

The Polaris World Hospital and International School run by King’s College is located here. La Torre is definitely a world class all around resort that can appeal to holidaymakers and relocators alike.

El Valle Golf Resort

El Valle Golf Resort is Polaris World’s flagship project which also features an 18 hole Jack Nicklaus designed golf course with fine selection of a varied homes, luxury apartments and villas. This pueblo style resort also includes a 5-star restaurant, high class boutiques, bars, sports facilities, restaurants, and a sophisticated business centre.

El Valle is ideal for that 5-star golfing treat and proves to be the resort of choice for most people.

Hacienda Riquelme Golf Resort

Hacienda Riquelme Golf Resort features a golf course surrounded by the beautiful, awe-inspiring countryside of Murcia. It sits right next to countryside villages where you experience the most peaceful side of Spain.

Hacienda Riquelme features a variety of golf apartments and penthouses, built around a 200-year resort Hacienda owned by the Riquelme family which has been restored and converted. As in the other resorts, Hacienda Riquelme is home to premier facilities.

It offers you magnificent retreat from the hustles of city life, while enjoying your favourite sport at your disposal.

La Loma Golf Resort

La Loma Golf Resort is effectively the centre sporting facility of Polaris World Resorts. It includes a 9-hole golf course, football pitches, Olympic size pools, tennis courts, highly extensive facilities for sports training, as well as a sports academy and physiotherapy centre.

The magnificently designed homes that were designed to take most advantage of light and space, are unique with their open-plan living feature.

La Loma is best for sporting enthusiasts or those who would simply like to settle in a home with extraordinary architectural features.

Terrazas de La Torre

Aside from the special amenities found in all Polaris World resorts, Terrazas de La Torre Golf Resort features golf view apartments built right around two lakes and pools. NEWLEY RELEASED – Islas de Las Terrazas is a new island development set within the Las Terrazas de La Torre resort. All properties are set on two islands overlooking the lake and golf course.

Condado de Alhama Golf Resort

The Condado de Alhama, on the other hand, offers a unique living space consisting of independent group of resorts, with each being uniquely designed and bearing its own identity. It is built around three Nicklaus golf courses, two of which are considered Bears Best.

With all the descriptions above, you may have an idea by now of the kind of atmosphere and the type of life one can enjoy in Polaris World Golf Resorts. All developments and properties built by Polaris World come with an insurance of ten years against any form of structural defect that can plague your property.

Buying a property with Polaris World translates to buying a property that has been carefully designed to fit your every need, want and preference. Well known architects Jose de Yturbe and Melvin Villaroel have both designed quality and functional architecture beautifully integrated right into the amazing Mediterranean landscape and scenery.

Polaris World goes beyond providing holiday homes and residential abodes right beside breath-taking sceneries. They seek to provide quality living in all aspects to make you and all their clients’ way of life easier, more comfortable, healthier and better. They have integrated medical and health services, educational facilities, supermarkets, banks, cinemas, hair salons and practically all that you will ever need to have conveniently located in your area of residence. An in-house telecommunications company has also been created to enable clients to be well-connected locally and internationally through various channels to include television, telephone, and Internet connectivity.

Every home, whatever the design or architectural feature, offers you quality living conditions right next to the best golf courses that can not be found elsewhere. Effortless security, world-class Nicklaus signature golf courts, amazing scenery, unmatched satisfaction, leisure, superb services, superior accessibility, convenient town centres, excellent planning, design and architecture, high quality of living, ideal conditions, great weather – these are just some reasons why you should not think twice about buying a Polaris World Property. Everything you need and want is in here. Discover the wonders of Polaris World Golf Resorts and discover a new way of life that can only be enjoyed in this corner of the world.