111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly

BiggerPockets Real Estate Podcast

English - February 26, 2015 07:00 - 1 hour - ★★★★★ - 16.1K ratings
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Previous Episode: 110: Eliminating the Hassle Factor As a Landlord with Glenn McCrorey

Next Episode: 112: “Little Old Lady House” Investing with Mark Updegraff

In this episode of the BiggerPockets Podcast, we dig into a real estate niche that, until today, you’ve probably never considered. However, after listening to this entertaining and informative show with guest Jefferson Lilly, we think you’ll be a believer! Join us as we dive into the world of mobile home parks, and learn numerous reasons why a park might be a better investment than either single family or multifamily real estate.
Whether you’re looking for a great, low-barrier first time real estate niche to invest in, or you’re simply looking to expand your growing portfolio — don’t miss out on wealth of knowledge covered in this episode!
In This Episode We Cover:

How Jefferson got started with value investing

Why you should emulate Warren Buffet

How he began investing in mobile home parks

What you should know about the views on mobile homes in America

Insight on helping people move from one asset class to the next

The ins and outs of how investing in mobile home parks works

How Jefferson got a half million dollar line of credit

How he got a 50% increase in the affordable housing program

Discussions on income streams for mobile home parks

What you need to know about LLCs for mobile home investing

How to find value in a mobile home

A great explanation of “cap rate“

The essential duties of a park manager

How Jefferson raised funds for his investing

Why you should use outsourcing & streamlining to manage your business

And SO much more!

Links from the Show:

Trivia Email

BiggerPockets Calculator Suites

TulsaEstatesMHP Website

BiggerPockets Forums

BiggerPockets Blog

Craigslist

ParkStreetPartners Fund

Odesk.com

Elance.com

Dropbox

SquareSpace

Stripe.com

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki

The Snowball: Warren Buffett and the Business of Life by Alice Schroeder

Tweetable Topics:

“A key point is the ability to think broadly and use OPM — other people’s money.” Share on Twitter

“It’s about helping people moving from one asset class to the next.” Share on Twitter

Connect with Jefferson

Jefferson’s Main Website

LillyandCompany

Learn more about your ad choices. Visit megaphone.fm/adchoices

Whether you’re looking for a great, low-barrier first time real estate niche to invest in, or you’re simply looking to expand your growing portfolio — don’t miss out on wealth of knowledge covered in this episode!

In This Episode We Cover:

How Jefferson got started with value investing
Why you should emulate Warren Buffet
How he began investing in mobile home parks
What you should know about the views on mobile homes in America
Insight on helping people move from one asset class to the next
The ins and outs of how investing in mobile home parks works
How Jefferson got a half million dollar line of credit
How he got a 50% increase in the affordable housing program
Discussions on income streams for mobile home parks
What you need to know about LLCs for mobile home investing
How to find value in a mobile home
A great explanation of “cap rate“
The essential duties of a park manager
How Jefferson raised funds for his investing
Why you should use outsourcing & streamlining to manage your business
And SO much more!