EP058: Interview: Donald Westphal on Designing and Developing Mobile Home Parks, Part 2
Mobile Home Park Investors with Jefferson Lilly & Brad Johnson
English - June 08, 2017 19:29 - 26 minutes - 26.4 MB - ★★★★★ - 163 ratingsInvesting Business Education retire biggerpockets bradjohnson cashflowinvesting jeffersonlilly mobilehomeparkinvesting passiveincome privateequityrealestate richdadpoordad valueinvesting Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Welcome to Episode 58 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This episode is a continuation of last week’s interview with Donald Westphal. Jefferson, Brad, and Donald discuss how older mobile home parks change overtime as the city grows bigger, creating a good image for mobile home parks, and what it takes to make a community as a whole look good.
Key Takeaways:
[3:15] What kind of land makes it difficult to build a mobile home park?
[6:15] As the city gets built up around mobile home parks, the industry begins to lose a lot of older mobile home communities to higher density and higher value property development.
[7:35] How many mobile home parks got re-development last year?
[10:25] How many new mobile home pads or mobile home park expansions were added last year?
[14:35] Donald tries hard to inform people in the community of the benefits of a new mobile home park in the area.
[16:30] What do the conversations look like when speaking one-on-one to a mobile home park owner?
[21:55] Donald shares a funny story that have happened to him while on the job.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to: [email protected]
Email Donald: [email protected]
Call Donald: 248-651-5518