Randy and Kathy Patterson, who have owned another manufactured home community on three acres for 28 years, “have decided to take this to another level.” The new community, named K&R Mobile Home Park, consists of 11-1/2 acres and will accommodate 48 to 50 homes. “That could change,” Patterson said, “but that has already been approved by the state. However, it could be a little larger.” This community, although outside the city limits, is only five minutes from the local high school, and will have a school bus stop nearby.
Patterson explained to MHProNews the reasoning behind this development. “We felt like we could make a difference for younger people and give them something to start on by doing this.” Patterson recalled that he and his wife married at 17 years old and worked at two or three jobs to survive. “We’ve seen the need for this because banks will not talk to younger people about financing ‘mobile’ homes.”
He said that getting all the documents together and getting this project off the ground have already taken three years, and he explained that the couple is doing this with their own money. “Honestly, we have been blessed beyond the moon, and I wish we had more funds to work with,” he explained. “We work with our own funds and pay as we go.”
He said they are adding one home to the community every two months. “The need won’t run out,” he explained. “Although we only used Facebook and small media to offer a recent home for sale, we had more than 78 hits on that one home, and we’re closing on it tomorrow.”
To supply the homes for their communities, the Pattersons buy used homes and repos and fix them up. Sometimes, they buy homes from people who are moving up to a larger home. They also have a connection to buy homes from a bank in Nashville.
To ensure that their communities are maintained in a well-kept manner, Patterson said they provide mowing and trash pickup.“We keep it clean outside for residents, and that’s included in the monthly payment. We want them to have a nice place to live, and when they come home, they can concentrate on their family instead of mowing the lawn.”
Patterson said that previously, he and his wife wanted to retire at 50. Now, however, they are finding that they are still interested in working on various projects. “Now that we are older, we feel that we have learned a lot financially,” he explained. “We are using that knowledge to develop and leave these communities to our four grandkids.”
In addition to the two communities the Pattersons presently own, he said they are looking at a third location that may be acquired soon.
Patterson said they could not have done this without the help of several people and groups. He offers special thanks to members of the New Canton Historical District of Hawkins County who paid for the water lines for the new community. “They purchased the underground part, the 4-inch lines that transport the water,” he explained. He also expressed appreciation for the help given by the Hawkins County Board of Education in helping him get a school bus stop near the new community. ##
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Article submitted by Sandra Lane to – Daily Business News – MHProNews.
