Welcome to episode 42 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson Lilly invites Robert Nelson on to the show to discuss the first mobile home park Robert found, and does an analysis on the property. Jefferson walks Robert through the process, and the math, to help him come to the conclusion whether the mobile park home he found is worth the hefty price tag.
[2:55] How did Robert first get involved with mobile home parks?
[7:10] How did Robert find his first park?
[8:05] Robert thought the park he found was a good park, but then he listened to episode 14 of this podcast show!
[12:55] The park Robert is looking at currently has five occupied trailers, four unoccupied trailers, and three empty pads.
[15:25] One of the unoccupied trailers has been trashed, and the owners are using it for supplies.
[17:30] Jefferson is going to assume those 5 occupied trailers do not need extra work.
[18:35] If Robert were to buy this property, he should have an extra $20,000 prepared to invest in remodeling the four empty trailers.
[23:40] Jefferson believes the price for this property is worth $215,000.
[24:45] Don’t be afraid to make offers that make sense to you. Sellers might get upset, but hey!
[26:00] Let’s look this property up on yp.com
[27:50] Join us next week for part two of this show!
Mentioned in This Episode:
LinkedIn: Mobile Home Park Investors Group
Send deals to: firstname.lastname@example.org