Welcome to Episode 92 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson sits down with Jill Denlea, who is in the process of buying her first mobile home park. On the show, she discusses her experiences and what kind of lessons she’s learned so far about buying her first mobile home park!
Key Takeaways:
[2:30] Who is Jill and what is her background?
[8:15] Jill recently got into mobile home parks. How did Jill find her first park and how big is it?
[13:05] How did Jill get her legal contract?
[14:55] What kind of due diligence did Jill do before purchasing the property?
[16:55] How is Jill best finding her inspectors?
[20:15] What are Jill’s plans for the property?
[23:00] The mobile park does not have a website nor are they in the yellow pages.
[26:55] Will Jill be needing to enforce the rules in this park?
[29:35] It’s important to really educate yourself about this space because it’s a completely different animal than traditional real estate.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Jill on LinkedIn
Email Jill: JPDenlea@comcast.net
Welcome to Episode 92 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson sits down with Jill Denlea, who is in the process of buying her first mobile home park. On the show, she discusses her experiences and what kind of lessons she’s learned so far about buying her first mobile home park!
Key Takeaways:
[2:30] Who is Jill and what is her background?
[8:15] Jill recently got into mobile home parks. How did Jill find her first park and how big is it?
[13:05] How did Jill get her legal contract?
[14:55] What kind of due diligence did Jill do before purchasing the property?
[16:55] How is Jill best finding her inspectors?
[20:15] What are Jill’s plans for the property?
[23:00] The mobile park does not have a website nor are they in the yellow pages.
[26:55] Will Jill be needing to enforce the rules in this park?
[29:35] It’s important to really educate yourself about this space because it’s a completely different animal than traditional real estate.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Jill on LinkedIn
Email Jill: JPDenlea@comcast.net
Welcome to Episode 90 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson attended for the very first time TEXCO18, which is their 2nd annual event. On the show, Jefferson does a quick highlight of the two-day event and some of the interesting things he learned while there.
Key Takeaways:
[1:35] Jefferson highly recommends going to trade shows.
[2:15] This is the second year the TEXCO conference has been running, but this was the first time Jefferson attended.
[3:35] The guys over at Sunstone MHC highlighted the importance of keeping your books separate.
[6:00] You can buy real estate through your self-directed IRA.
[7:10] There are actually seven different types of IRAs and all of them can be used to buy real estate.
[9:15] On Wednesday, Jefferson learned about the process of lobbying the government when it comes to bad mobile home park policies.
[12:10] Non-lawyers can now handle evictions. Before, it was illegal for a park owner to represent himself in court during an eviction.
[13:25] The biggest pitfalls of both buyers and sellers.
[21:00] Grandfathering mobile home parks is now being upheld for up to 5 times!
[25:20] Would you buy a park in a 100-year flood zone?
[26:15] Should you attend TEXCO next year?
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Sunstonemhc.net
Anne Marie from QuestIRA on LinkedIn