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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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Sep 22, 2016

Welcome to episode 32 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson with the Park Street Partners. In this episode, Jefferson and Brad discuss many aspects of mobile homes, including stories and practical tips on how to find a mobile home, how to buy a mobile home, and how to move a mobile home. If you’re in the mobile home park business, it’s inevitable that you’re going to have to buy some mobile homes and transport them into your parks. Listen in to find out about diligence and what you need to know before moving a mobile home into your park.

 

Key Takeaways:

[1:52] Jefferson and Brad have bought some mobile homes using the 21st Mortgage cash program, which gets a brand new house delivered into the park.

[2:21] Tips on finding and moving a used mobile home that you can purchase off craigslist as well as some of the wholesale lists, including Greentree, Vanderbilt and 21st Mortgage.

[3:56] How to get your mobile home inspected and what to look for to inspect for water damage and other structural issues.

[8:59] Some features that swing the value of a mobile home include a new/working central heat and air system, window units, a central air conditioning system, kitchen appliances, etc.

[11:19] Be careful if moving a really old mobile home — Jefferson and Brad had a 25-year old house split in half on the road while being transported!

[12:40] Tips for dealing with and getting bids from movers before moving a mobile home. 

[15:11] Jefferson shares another moving story which speaks to how it’s a bit of a red flag whenever you have a house that’s on a permanent foundation.

[18:44] How to make sure that your mobile home park lots are big enough for the mobile house before having the house moved to your lot.

 

Mentioned in This Episode:

Park Street Partners www.parkstreetpartners.com

Mobile Home Park Investors www.mobilehomeparkinvestors.net

 

Investment Opportunities

Park Street Partners Business Resources

LinkedIn: Mobile Home Park Investors Group

Send deals to: deals@parkstreetpartners.net

Craigslist

Green Tree

Vanderbilt Wholesalers

21st Mortgage

KILZ Paint

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