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Mobile Home Park Investors with Jefferson Lilly & Brad Johnson

The Mobile Home Park Investors Podcast is the world’s first podcast dedicated to mobile home park investing. This weekly podcast explains the intricacies of this unique real estate niche and details why an investor would want to own a mobile home park, either directly or through a real estate fund. Current manufactured housing community owners will find this podcast helpful in improving their mobile home park’s operations and profitability. The Podcast is hosted by Jefferson Lilly and Brad Johnson who are the co-founders of Park Street Partners, a private real estate investment firm focused on mobile home parks. The company seeks to deliver its investors superior cash flow returns by acquiring and investing in undervalued mobile home parks. Park Street Partners does this while helping to solve America’s affordable housing crisis by improving communities and increasing the supply of housing in the markets it operates in.
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Jun 1, 2017

Jefferson and Brad interview Donald Westphal for this week’s episode. This show is part one of a two-part interview. The men discuss zoning restrictions, what it takes to take a raw piece of land and turn it into a mobile home park, and all the red tape that’s associated with government bureaucracies.

 

Key Takeaways:

[2:25] How did Donald get into designing mobile home parks?

[6:45] A quick plug for State Associations. They really help give the mobile home park industry a good image.

[8:15] What’s the process towards taking a piece of land and turning it into a mobile home park?

[16:25] Why has it become difficult to build affordable housing?

[20:40] Most people think zoning is a frivolous activity. It’s not!

[22:15] Townships, councilmen, and mayors often do not approve of the ‘trailer trash’ image. This is why it’s important that Donald get to work earlier, rather than later, on developing a good reputation and image when he begins building a new mobile home park.

[26:25] You have do your research and look very professional while giving a presentation on why mobile home parks are good for the community.

 

Mentioned in This Episode:

Park Street Partners

Investment Opportunities

Park Street Partners Business Resources

LinkedIn: Mobile Home Park Investors Group

Send deals to: deals@parkstreetpartners.net

DCWestphal.com

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