In this episode of the BiggerPockets Podcast, we dig into a real estate niche that, until today, you’ve probably never considered. However, after listening to this entertaining and informative show with guest Jefferson Lilly, we think you’ll be a believer! Join us as we dive into the world of mobile home parks, and learn numerous reasons why a park might be a better investment than either single family or multifamily real estate.
Whether you’re looking for a great, low-barrier first time real estate niche to invest in, or you’re simply looking to expand your growing portfolio — don’t miss out on wealth of knowledge covered in this episode!
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This Show Sponsored By
We just wanted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!
Learn more by visiting RealtyShares.com/biggerpockets!
In This Episode We Cover:
- How Jefferson got started with value investing
- Why you should emulate Warren Buffet
- How he began investing in mobile home parks
- What you should know about the views on mobile homes in America
- Insight on helping people move from one asset class to the next
- The ins and outs of how investing in mobile home parks works
- How Jefferson got a half million dollar line of credit
- How he got a 50% increase in the affordable housing program
- Discussions on income streams for mobile home parks
- What you need to know about LLCs for mobile home investing
- How to find value in a mobile home
- A great explanation of “cap rate“
- The essential duties of a park manager
- How Jefferson raised funds for his investing
- Why you should use outsourcing & streamlining to manage your business
- And SO much more!
Links from the Show:
- Trivia Email
- BiggerPockets Calculator Suites
- TulsaEstatesMHP Website
- BiggerPockets Forums
- BiggerPockets Blog
- ParkStreetPartners Fund
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
- “A key point is the ability to think broadly and use OPM — other people’s money.” Share on Twitter
- “It’s about helping people moving from one asset class to the next.” Share on Twitter
Connect with Jefferson
Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.