Expert insights, podcast episodes, and video breakdowns to help you succeed in mobile home park investing.
200 posts
One of the more invaluable skills I've learned in this industry is the ability to speak and understand Spanish. Even a basic knowledge of the language can pay large dividends. This past weekend, I...
At the beginning of the year, we publicly announced our goal to close $20mm worth of transactions. Today we stand at $625k, embarrassingly far away from our initial goal. The year is far from over,...
Vacant pads are the least attractive form of upside in the industry. Sellers often market their properties as value-add by quickly filling up lots. There is a reason they didn't capitalize on the...
In a frothy market, deals are hard to come by. Yet more investors flood the market each day. However, people are still closing lucrative deals. What's the secret?There isn't one. For the five deals...
Ryan Narus, my business partner, recently published a podcast to give his perspective of mobile home parks. We love the industry but feel many things are left unsaid. In the first few episodes, Ryan...
After many conversations with new investors and operators, I've noticed a similar trend. This industry suffers from the lack of thought diversity. A few educators and operators have done a fine job...
Living in one of my mobile home parks for the past five months has taught me many things about the industry in terms of operations and tenant base. First, the negative stigma about the people and...
I've connected with several of the top 100 owners in the country. People usually correlate size with effectiveness and profitability. To my surprise, several 'sophisticated' owners are negligent in...
I jumped off full time into this business with no safety net.At the time, I closed one deal and had one under contract. I made $4,500 in the first half of 2017. In a way, I got lucky. If it weren’t...
Two schools of thought divide the mobile home park (MHP) industry.One is to own only pads or, in other words, the tenants own their home. The MHP owner doesn’t pay home R&M. The downside is that rent...
One invaluable piece of advice that a mentor told me: find ways to do the deal. If the numbers work, push it to the closing line. It's common to focus on small issues that don't matter. Put the ego...
Parks that never seemed attractive are fetching high valuations. Properties in small MSAs are being gobbled up. People are stretching their criteria to make deals happen. One risk is when optimism...
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