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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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Mobile Home Park Investors with Jefferson Lilly & Brad Johnson
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Dec 24, 2015

This is the second podcast, hosted by Jefferson Lilly, joined by his partner Brad Johnson. Last week, Jefferson and Brad talked about why mobile home parks are such a good business to be in. But unless you are really looking, you're not likely to just come across one of these properties. On this episode, Jefferson and Brad talk a bit on how you can find a mobile home park to purchase. They will also share their experiences of how they have looked in some unique and unusual places.

Key Takeaways:

[1:25] Jefferson found his first mobile home park property on eBay.

[4:17] You can find mobile home parks that are listed on eBay.

[6:07] Finding a mobile home park property online.

[06:32] How does Brad typically find many of the Park Street Partners’ deals?

[07:23] How do you get access to off-market or pocket listing deals?

[10:28] Brokers often have pocket listing deals that are not posted online.

[12:16] Reasons why a seller might not want to list a property publicly.

[12:49] Reach out to brokers for some interesting pocket listings and to get a deal flow.

[16:47] Jefferson talks about his second deal that he found on Craig's List.

[18:48] Jefferson talks about one of his more unusual findings.

[20:51] Brad talks about other strategy you can use.  

[22:32] Things to keep in mind if you are going to use auction.com.

Mentioned in This Episode:

www.parkstreetpartners.com

Join the LinkedIn group: Mobile Home Park Investors

Please rate the podcast on iTunes or Stitcher

www.loopnet.com

www.mobilehomeparkstore.com

www.auction.com

www.ebay.com

www.craigslist.com

 

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