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Affordable Housing Fund 1, LLC

Affordable Housing Fund 1, LLC. Goals for our Future Residents. Provide affordable housing to responsible families by selling them new and quality used mobile homes to enable them to have a piece of the American Dream . Goals for our Future Residents.

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Affordable Housing Fund 1, LLC

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  1. Affordable Housing Fund 1, LLC

  2. Goals for our Future Residents • Provide affordable housing to responsible families by selling them new and quality used mobile homes to enable them to have a piece of the American Dream

  3. Goals for our Future Residents • Provide affordable housing to responsible families by selling them new and quality used mobile homes to enable them to have a piece of the American Dream • Keep monthly payments (home & lot rent) affordable - $500 per month or less in most markets with more expensive markets being kept at $600 per month or less

  4. Goals for our Future Residents • Provide affordable housing to responsible families by selling them new and quality used mobile homes to enable them to have a piece of the American Dream • Keep monthly payments (home & lot rent) affordable - $500 per month or less in most markets with more expensive markets being kept at $600 per month or less • Keep amortizations as short as possible - 5 years or less on used homes and 10 years or less on new homes

  5. Goals for our Future Residents • Provide affordable housing to responsible families by selling them new and quality used mobile homes to enable them to have a piece of the American Dream • Keep monthly payments (home & lot rent) affordable - $500 per month or less in most markets with more expensive markets being kept at $600 per month or less • Keep amortizations as short as possible - 5 years or less on used homes and 10 years or less on new homes • Keep interest rates down to 10% or less - many of these individuals and families have been paying high interest rates and will appreciate these lower interest rates

  6. Goals for our Future Residents • Provide affordable housing to responsible families by selling them new and quality used mobile homes to enable them to have a piece of the American Dream • Keep monthly payments (home & lot rent) affordable - $500 per month or less in most markets with more expensive markets being kept at $600 per month or less • Keep amortizations as short as possible - 5 years or less on used homes and 10 years or less on new homes • Keep interest rates down to 10% or less - many of these individuals and families have been paying high interest rates and will appreciate these lower interest rates • Keep the prices down on the homes - in the past mobile homes have had high markups through dealers and by marking these homes up by an average of only 10%, the customers will be appreciate getting a good value

  7. Goals for our Future Residents • Provide affordable housing to responsible families by selling them new and quality used mobile homes to enable them to have a piece of the American Dream • Keep monthly payments (home & lot rent) affordable - $500 per month or less in most markets with more expensive markets being kept at $600 per month or less • Keep amortizations as short as possible - 5 years or less on used homes and 10 years or less on new homes • Keep interest rates down to 10% or less - many of these individuals and families have been paying high interest rates and will appreciate these lower interest rates • Keep the prices down on the homes - in the past mobile homes have had high markups through dealers and by marking these homes up by an average of only 10%, the customers will be appreciate getting a good value • Promote safe and attractive mobile home communities that the residents will be proud to call home - mobile home parks offer the most affordable detached form of housing with yards and driveways of all housing types.

  8. Our Goals for the Investors in the Affordable Housing Fund • Provide the investors in the affordable housing funds a superior return that is operated by industry experts with vast experience supported by a conservative business model.

  9. Our Goals for the Investors in the Affordable Housing Fund • Provide the investors in the affordable housing funds a superior return that is operated by industry experts with vast experience supported by a conservative business model. • We are paying a 12% interest rate with an amortization of 60 months - this is about 6 times what the average investor would earn in a CD

  10. Our Goals for the Investors in the Affordable Housing Fund • Provide the investors in the affordable housing funds a superior return that is operated by industry experts with vast experience supported by a conservative business model. • We are paying a 12% interest rate with an amortization of 60 months - this is about 6 times what the average investor would earn in a CD • Lower Risk and Higher Demand: by focusing on affordable housing and families that need affordable housing we are filling the fastest growing and most in demand sector of the housing market in the U.S.

  11. Our Goals for the Investors in the Affordable Housing Fund • Provide the investors in the affordable housing funds a superior return that is operated by industry experts with vast experience supported by a conservative business model. • We are paying a 12% interest rate with an amortization of 60 months - this is about 6 times what the average investor would earn in a CD • Lower Risk and Higher Demand: by focusing on affordable housing and families that need affordable housing we are filling the fastest growing and most in demand sector of the housing market in the U.S. • Focusing on a Model that Works: by keeping amortizations short (5 to 10 years) and prices down (average home price of $15,000 or less) the mobile home park entities have a good cushion with positive cash flow after repaying the investor loans.

  12. Our Goals for the Investors in the Affordable Housing Fund • Provide the investors in the affordable housing funds a superior return that is operated by industry experts with vast experience supported by a conservative business model. • We are paying a 12% interest rate with an amortization of 60 months - this is about 6 times what the average investor would earn in a CD • Lower Risk and Higher Demand: by focusing on affordable housing and families that need affordable housing we are filling the fastest growing and most in demand sector of the housing market in the U.S. • Focusing on a Model that Works: by keeping amortizations short (5 to 10 years) and prices down (average home price of $15,000 or less) the mobile home park entities have a good cushion with positive cash flow after repaying the investor loans. • While earning a good return on investment, the investors are able to help out families that need and appreciate the opportunity to own their own home.

  13. Our Goals for the Investors in the Affordable Housing Fund • Provide the investors in the affordable housing funds a superior return that is operated by industry experts with vast experience supported by a conservative business model. • We are paying a 12% interest rate with an amortization of 60 months - this is about 6 times what the average investor would earn in a CD • Lower Risk and Higher Demand: by focusing on affordable housing and families that need affordable housing we are filling the fastest growing and most in demand sector of the housing market in the U.S. • Focusing on a Model that Works: by keeping amortizations short (5 to 10 years) and prices down (average home price of $15,000 or less) the mobile home park entities have a good cushion with positive cash flow after repaying the investor loans. • While earning a good return on investment, the investors are able to help out families that need and appreciate the opportunity to own their own home. • Do everything possible to fulfill the obligations of the Affordable Housing Fund 1, LLC in a professional and timely manner in hopes of building on existing and forming new business relationships with like-minded investors.

  14. Note from the Founders/Managers of Affordable Housing Fund 1, LLC The only way that we will benefit financially from this venture is from the creation of additional cash flow and equity in the mobile home parks that we own. The success of the Affordable Housing Fund and the goal of filling vacant lots with families that will own their own home will hinge on the proper execution of all of the parts of the business model and we are dedicated to carrying out that business plan.

  15. Manufactured Homes • Lower Cost Per Square Foot(can be 50-75% less than Single Family Homes)

  16. Manufactured Homes • Lower Cost Per Square Foot(can be 50-75% less than Single Family Homes) • Most Affordable Detached Housing(yards, driveways, pride of ownership)

  17. Mobile Home Parks • Stable & Predictable Cash Flow

  18. Mobile Home Parks • Stable & Predictable Cash Flow • Rent Lots and People Own their Home (pride of ownership & they maintain their home)

  19. Mobile Home Parks • Stable & Predictable Cash Flow • Rent Lots and People Own their Home (pride of ownership & they maintain their home) • Limited Competition (not building new ones)

  20. Mobile Home Parks • Stable & Predictable Cash Flow • Rent Lots and People Own their Home (pride of ownership & they maintain their home) • Limited Competition (not building new ones) • Lower expense ratios & Higher profit ratios

  21. AffordableHousing There is a High Demand for Affordable Housing!

  22. AffordableHousing There is a High Demand for Affordable Housing!

  23. AffordableHousing There is a High Demand for Affordable Housing! What is "Affordable Housing“? … $500 per month based on minimum wage to $12 per hour

  24. Repo Homes • Late 1990 & 2000 Models

  25. Repo Homes • Late 1990 & 2000 Models • Cost $12,000 to $18,000 to Buy, Setup, and Rehab

  26. Repo Homes • Late 1990 & 2000 Models • Cost $12,000 to $18,000 to Buy, Setup, and Rehab • Most are 3 bed 2 bath - 1,200 Sq Ft - Cost of $10 to $15 per Square Foot!

  27. Repo Homes

  28. New Homes • From the Factory

  29. New Homes • From the Factory • Cost $25,000 to $30,000 to Buy & Setup

  30. New Homes • From the Factory • Cost $25,000 to $30,000 to Buy & Setup • Most are 3 bed 2 bath - 1,200 Sq Ft - Cost of $20 to $25 per Square Foot!

  31. New Homes

  32. Who Manages Affordable Housing Fund? Frank Rolfe • Ranked as high as the 63rd largest owner of mobile home parks in the U.S. • Number of Loans (seller financing) that have been paid off - over 20 • Number of Spaces Owned - Prior to 2001 over 2,000 lots and today around 1,500 lots and growing • Operated and sold over 200 mobile homes • Current writer of the community section for The Journal

  33. Who Manages Affordable Housing Fund? Dave Reynolds Has owned and operated over 80 Mobile Home Parks in 16 States – Currently Ranks in the top 50 of Mobile Home Park Owners. Owner and operator of the nations largest conglomerate of websites for the Manufactured Home Industry. Never Defaulted on any Loans (over 200 loans have been paid in full) with both seller financing and bank financing. Number of Spaces Owned – Over 2,500 Currently and Growing.

  34. MobileHomeParkStore.com& MHBay.com Top Websites for Mobile Home Parks & Mobile Homes for Sale by Owner Over 12 Million page views this year alone(through October 1, 2010) Over 1,000 Mobile Home Parks for Sale & Over 7,000 Mobile Homes for sale Nations most popular forum for mobile home park investors with a wealth of information for new and experienced MH & MHP Investors.

  35. Management Team Offsite Management & Acquisitions – Home OfficeFrank & Dave: Oversight of All Operations Terri: Oversight of onsite managers Brandon: Lead generation - mobile homes Carrie: Lead generation – mobile home parksDiane: Lead generation – mobile home parks Perry: Technical SupportTrish: Collections Cassie: RentRolls and Tenant Records Sharon: Booking and Home Moving

  36. Management Team Offsite – District Managers Todd: District Manager - Eastern U.S. Jim: District Manager – Western U.S. Mobile Home & Park Rehab Team Tim: Complete Park Turnaround and Operations Richard: Complete Park Turnaround and Operations Mike: LicensedElectrician and Home Rehab Each Park has an Onsite Manager

  37. Why Do SomeMobile Home Parks Fail? • Lost touch with "Affordable Housing"

  38. Why Do SomeMobile Home Parks Fail? • Lost touch with "Affordable Housing" • Offering People Pretty Product that the Residents Cannot Afford

  39. Why Do SomeMobile Home Parks Fail? • Lost touch with "Affordable Housing" • Offering People Pretty Product that the Residents Cannot Afford • Raising Lot Rents and Pricing Customers out of the Market

  40. Plan to Ensure OurMobile Home Model is a Success • Focus on "Affordable Housing“ • Keeping the prices of the homes down • Shorter amortizations • Keeping the interest rates at 10% or less to our customers • Not over – enforcing the rules

  41. Why are we Buying So ManyMobile Home Parks Right Now? • There is an upheaval in the industry as many operators lost touch with the Affordable Housing Model and Have Failed

  42. Why are we Buying SoMany Parks Right Now? • There is an upheaval in the industry as many operators lost touch with the Affordable Housing Model and Have Failed • Many Operators thought prices would continue to climb and were paying inflated prices for communities - some are in trouble and we are buying at big discounts

  43. Why are we Buying SoMany Parks Right Now? • There is an upheaval in the industry as many operators lost touch with the Affordable Housing Model and Have Failed • Many Operators thought prices would continue to climb and were paying inflated prices for communities - some are in trouble and we are buying at big discounts • Mom & Pop Owners are getting to the age of retirement (many built the parks 30-40 years ago and are ready to retire)

  44. Why are we Buying SoMany Parks Right Now? • There is an upheaval in the industry as many operators lost touch with the Affordable Housing Model and Have Failed • Many Operators thought prices would continue to climb and were paying inflated prices for communities - some are in trouble and we are buying at big discounts • Mom & Pop Owners are getting to the age of retirement (many built the parks 30-40 years ago and are ready to retire) • Other Commercial and Residential Real Estate Investments have brought these operators down at no fault of the mobile home park

  45. Long Term Company Goals To Provide "Affordable Housing" to Americans that need and appreciate it While… Producing Superior Returns to our Investors

  46. Some of ourPropertiesOwned

  47. Credit References Can Be Provided Upon Request

  48. Affordable Housing FundInvestment Opportunity • Purchase Notes in increments of $2,000 each (investors can purchase one or several notes)

  49. Affordable Housing FundInvestment Opportunity • Purchase Notes in increments of $2,000 each (investors can purchase one or several notes) • 12% Interest - fully amortized and paid back monthly over 60 months - interest starts day 1

  50. Affordable Housing FundInvestment Opportunity • Purchase Notes in increments of $2,000 each (investors can purchase one or several notes) • 12% Interest - fully amortized and paid back monthly over 60 months - interest starts day 1 • Security is ownership of the company that holds the titles and promissory notes from the MHP Entities

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