98: Mobile Home Park Investing with Jefferson Lilly
Invest Like a Boss
English - July 10, 2018 15:51 - 1 hour - 34.1 MB - ★★★★★ - 477 ratingsInvesting Business Technology finance invest investing investment millionaire money retirement stocks wealth wealthfront Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Jefferson Lilly is a mobile home park investment expert who co-founded Park Street Partners which owns 17 Mobile Home Parks coast-to-coast. He is the host of the Mobile Home Park Investors podcast with over 10,000+ D/L per month. He spent seven years investing his own capital acquiring and operating mobile home parks. He is definitely the go-to-person when it comes to mobile home park investing.
During the episode, Jefferson educates us on what a mobile home park is and what investment opportunities surround it. He corrects the misconception of most people when it comes to mobile home owners. He presents the ups and downs of owning and operating mobile homes. He explains the Who, What, and How in the world of mobile homes. This is a very unique investment platform that will surely get you hooked!
Where we are:
Johnny - Ukraine
Sam - Barcelona
Links:
Time Stamps:
12:14 – How he got into Mobile Home Park Investing
15:49 – What got him into value investing
17:39 – What is a Mobile Home?
20:52 – Problems in building a Mobile Home Park
23:07 – Mobile Home Parks vs. Other types of Real Estate
25:43 – Who are Mobile Home Parks for?
28:53 – Moving of Mobile Homes
30:03 – Timespan of tenants
32:21 – How long has he been in this business?
36:31 – His journey in this business
39:20 – Average size of a Mobile Home Park
43:18 – What is a Cap Rate?
48:47 – Investment Opportunities
50:52 – Returns
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