EP040: How to Know In 30 Seconds If You Should Buy A Mobile Home Park
Mobile Home Park Investors with Jefferson Lilly & Brad Johnson
English - December 08, 2016 14:13 - 9 minutes - 9.13 MB - ★★★★★ - 163 ratingsInvesting Business Education passiveincome biggerpockets bradjohnson cashflowinvesting jeffersonlilly mobilehomeparkinvesting privateequityrealestate retire richdadpoordad valueinvesting Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Welcome to episode 40 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson records this quick 9-minute episode to discuss in detail the things you can do in 30 seconds or less, to find out whether you’ve got a good mobile home park deal on your hand. As you look at more deal flow, you can’t afford to waste time on bad properties!
Key Takeaways:
[1:40] As you start seeing more deal flow, it’s very important to start separating wheat from chaff.
[2:25] Spend the first 15 seconds just seeing if the property is listed on the Yellow Pages website.
[3:15] Half of the deals that both Jefferson and Brad make are not listed in the Yellow Pages.
[3:25] This is a good thing. It means the owners are mom-and-pop places.
[4:10] You have a huge advantage if the owners aren’t advertising.
[5:45] Jefferson guesses that you can increase your cashflow by 10-20%, just because the owners haven’t reached these key advertising areas.
[6:05] Once done, take your next 15 seconds and head on over to Google Maps.
[6:25] You want to be located within 5 miles of a Super Walmart.
[7:55] If a Walmart is not in your area, it indicates the town isn’t doing that well economically.
[8:10] Jefferson and his team are actively raising money right now! Go to the website to find out more!
Mentioned in This Episode:
mobilehomeparkinvestors.net
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to: [email protected]