262: $600,000 in Gross Rents from Mobile Home Parks with Jefferson Lilly

Mobile Home Parks can be one of the most profitable business models around, but learning to scale without losing all your time can be tough. That’s the story on today’s episode of the BiggerPockets Podcast, where we sit down with Jefferson Lilly to talk about how he’s acquired 2,600+ “pads” in the past few years and the lessons he’s learned in scaling. We also discuss the ins and outs of raising private money through a “fund,” which will both fascinate and educate you, so don’t miss a moment of it. Whether you want to buy mobile home parks or not, this is one show where the lessons will stick with you for life! In This Episode We Cover:Brandon’s mobile home parkReasons why you should consider buying a mobile home parkThe legality surrounding mobile home parksHow Jefferson came to own about 2,300 padsWhat you should know about rent-to-own homesHow Jefferson markets their propertiesMethods of payment for these rentalsA discussion on RVs vs. mobile homesJefferson’s thoughts on tiny housesGetting to a “Mobile Home Park 2.0”The 3 key hires for mobile home parksWhat managing these mobile parks look likeFloods and other concerns when choosing a mobile home parkHow to fund these daysHow to find parks todayAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Money PodcastBiggerPockets BlogMember BlogsBiggerPockets Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson LillyBiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan MurdockRent ManagerPay Near MeLoopnetBiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris VossBest PlacesEquity Lifestyle PropertiesNational Manufactured Home Owners AssociationBooks Mentioned in this ShowThe Book on Investing with Low and No Money Down by Brandon TurnerNever Split the Difference by Chris VossAm I Being Too Subtle? by Sam ZellThe Snowball by Alice SchroederTweetable Topics:“Don’t kick anybody out of your deal. Just scale everybody back.” (Tweet This!)Connect with JeffersonJefferson’s BiggerPockets ProfilePark Street Partners HomepageMobile Home Park Investors

Episode 262 of the BiggerPockets Real Estate Podcast podcast, hosted by BiggerPockets, titled "262: $600,000 in Gross Rents from Mobile Home Parks with Jefferson Lilly" was published on January 18, 2018 and runs 108 minutes.

January 18, 2018 ·108m · BiggerPockets Real Estate Podcast

Summary

Mobile Home Parks can be one of the most profitable business models around, but learning to scale without losing all your time can be tough. That’s the story on today’s episode of the BiggerPockets Podcast, where we sit down with Jefferson Lilly to talk about how he’s acquired 2,600+ “pads” in the past few years and the lessons he’s learned in scaling. We also discuss the ins and outs of raising private money through a “fund,” which will both fascinate and educate you, so don’t miss a moment of it. Whether you want to buy mobile home parks or not, this is one show where the lessons will stick with you for life! In This Episode We Cover: Brandon’s mobile home park Reasons why you should consider buying a mobile home park The legality surrounding mobile home parks How Jefferson came to own about 2,300 pads What you should know about rent-to-own homes How Jefferson markets their properties Methods of payment for these rentals A discussion on RVs vs. mobile homes Jefferson’s thoughts on tiny houses Getting to a “Mobile Home Park 2.0” The 3 key hires for mobile home parks What managing these mobile parks look like Floods and other concerns when choosing a mobile home park How to fund these days How to find parks today And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Money Podcast BiggerPockets Blog Member Blogs BiggerPockets Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock Rent Manager Pay Near Me Loopnet BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss Best Places Equity Lifestyle Properties National Manufactured Home Owners Association Books Mentioned in this Show The Book on Investing with Low and No Money Down by Brandon Turner Never Split the Difference by Chris Voss Am I Being Too Subtle? by Sam Zell The Snowball by Alice Schroeder Tweetable Topics: “Don’t kick anybody out of your deal. Just scale everybody back.” (Tweet This!) Connect with Jefferson Jefferson’s BiggerPockets Profile Park Street Partners Homepage Mobile Home Park Investors Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode Description