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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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May 31, 2018

Welcome to Episode 103 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Brian Trippe purchased his first mobile home park three years ago by chance phone call from the owner. Already a wholesale investor, Brian was curious to learn more about mobile homes and see what they could offer. On today’s show, Brian shares how he bought the park, cares for his tenants, and why he decided to sell it once he was done with the rehab process.

 

Key Takeaways:

[2:45] What did Brian do before he got into mobile home parks?

[4:35] Brian shares the story of his first real estate purchase.

[8:00] Brian wasn’t really looking for a mobile home park when he bought his first one.

[11:25] What’s was the park like when Brian first bought it?

[13:50] The newest homes in the park were in the early ’80s.

[22:15] How does Brian manage his park?

[26:55] What advice does Brian have for himself on mistakes that could have been avoided?

[31:55] Brian has not spent a dime of his own money rehabbing this park.

[32:40] What’s next for Brian?

[36:10] Brian has a new book out called, Nothing’s For Sale.

 

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.com

Alareia on Facebook

Nothingsforsale.com

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