262: $600,000 in Gross Rents from Mobile Home Parks with Jefferson Lilly

Mobile Home Parks can be one of the most profitable business models around, but learning to scale without losing all your time can be tough. That’s the story on today’s episode of the BiggerPockets Podcast, where we sit down with Jefferson Lilly to talk about how he’s acquired 2,600+ “pads” in the past few years and the lessons he’s learned in scaling. We also discuss the ins and outs of raising private money through a “fund,” which will both fascinate and educate you, so don’t miss a moment of it. Whether you want to buy mobile home parks or not, this is one show where the lessons will stick with you for life!
In This Episode We Cover:

Brandon’s mobile home park

Reasons why you should consider buying a mobile home park

The legality surrounding mobile home parks

How Jefferson came to own about 2,300 pads

What you should know about rent-to-own homes

How Jefferson markets their properties

Methods of payment for these rentals

A discussion on RVs vs. mobile homes

Jefferson’s thoughts on tiny houses

Getting to a “Mobile Home Park 2.0”

The 3 key hires for mobile home parks

What managing these mobile parks look like

Floods and other concerns when choosing a mobile home park

How to fund these days

How to find parks today

And SO much more!

Links from the Show

BiggerPockets Forums

BiggerPockets Money Podcast

BiggerPockets Blog

Member Blogs

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

BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock

Rent Manager

Pay Near Me

Loopnet

BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss

Best Places

Equity Lifestyle Properties

National Manufactured Home Owners Association

Books Mentioned in this Show

The Book on Investing with Low and No Money Down by Brandon Turner

Never Split the Difference by Chris Voss

Am I Being Too Subtle? by Sam Zell

The Snowball by Alice Schroeder

Tweetable Topics:
“Don’t kick anybody out of your deal. Just scale everybody back.” (Tweet This!)
Connect with Jefferson

Jefferson’s BiggerPockets Profile

Park Street Partners Homepage

Mobile Home Park Investors

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

Mobile Home Parks can be one of the most profitable business models around, but learning to scale without losing all your time can be tough. That’s the story on today’s episode of the BiggerPockets Podcast, where we sit down with Jefferson Lilly to talk about how he’s acquired 2,600+ “pads” in the past few years and the lessons he’s learned in scaling. We also discuss the ins and outs of raising private money through a “fund,” which will both fascinate and educate you, so don’t miss a moment of it. Whether you want to buy mobile home parks or not, this is one show where the lessons will stick with you for life!

In This Episode We Cover:

Brandon’s mobile home park

Reasons why you should consider buying a mobile home park
The legality surrounding mobile home parks
How Jefferson came to own about 2,300 pads

What you should know about rent-to-own homes

How Jefferson markets their properties

Methods of payment for these rentals
A discussion on RVs vs. mobile homes

Jefferson’s thoughts on tiny houses

Getting to a “Mobile Home Park 2.0”

The 3 key hires for mobile home parks
What managing these mobile parks look like

Floods and other concerns when choosing a mobile home park
How to fund these days
How to find parks today
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Money Podcast
BiggerPockets Blog
Member Blogs
BiggerPockets Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly
BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock
Rent Manager
Pay Near Me
Loopnet
BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss
Best Places
Equity Lifestyle Properties
National Manufactured Home Owners Association

Books Mentioned in this Show

The Book on Investing with Low and No Money Down by Brandon Turner

Never Split the Difference by Chris Voss

Am I Being Too Subtle? by Sam Zell

The Snowball by Alice Schroeder

Tweetable Topics:

“Don’t kick anybody out of your deal. Just scale everybody back.” (Tweet This!)

Connect with Jefferson

Jefferson’s BiggerPockets Profile
Park Street Partners Homepage
Mobile Home Park Investors

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