EP095: Interview: Mike Johnson, MHP Owner and Early Retirement Expert
Mobile Home Park Investors with Jefferson Lilly & Brad Johnson
English - March 15, 2018 16:52 - 30 minutes - 28.3 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 95 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today’s guest is Mike Johnson. He is a mobile home park owner and early retirement expert. Mike knew that if he wanted to retire early, he needed a passive income. He got creative with how he structured his deals and now owns three parks. Find out more about Mike and his story on this week’s podcast!
Key Takeaways:
[2:45] Who is Mike and what did he do before owning his mobile home park?
[6:00] How did Mike find his first mobile home?
[11:50] How does Mike market his property?
[13:15] How does Mike manage the mobile home park?
[16:25] Mike discusses how he handles all the paperwork for the property.
[18:25] What’s it like managing Mike’s other parks?
[21:20] In 15 years of owning parks, Mike has only had to go to court twice. What’s his philosophy on tenants who do not pay?
[25:30] What retirement advice does Mike have for others?
[28:40] There’s only so much you can read. Stop dragging your feet and take action.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to [email protected]
Rich Dad Poor Dad, by Robert Kiyosaki and Sharon Lechter