EP107: Interview Patrick McKenna Has Taken The Plunge And Bought Two Mobile Home Parks (2 of 2)
Mobile Home Park Investors with Jefferson Lilly & Brad Johnson
English - June 28, 2018 15:00 - 27 minutes - 25.5 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 106 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Patrick McKenna joins Jefferson on today’s show to share his journey into mobile home park ownership. He shares mistakes and lessons learned from buying his second park, the quality of RV tenants, and his plans to acquire a third park!
Key Takeaways:
[1:15] Patrick originally had some issues with brokers behaving unprofessionally. How did he handle that?
[3:15] How did Patrick find his second park?
[6:50] What was occupancy like when Patrick bought the second park?
[12:15] Since all the pipes need to be replaced in this second park, how did Patrick find a reliable and good contractor?
[14:35] How has Patrick been able to finance this infrastructure upgrade?
[18:05] How do Patrick and his business manage these two parks from out-of-state while also working a day job?
[19:45] Does Patrick have any plans to buy a third park?
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to [email protected]
Call Patrick: 978-204-4242
Email Patrick: [email protected]