98: Mobile Home Park Investing with Jefferson Lilly

Jefferson Lilly is a mobile home park investment expert who co-founded Park Street Partners which owns 17 Mobile Home Parks coast-to-coast. He is the host of the Mobile Home Park Investors podcast with over 10,000+ D/L per month. He spent seven years investing his own capital acquiring and operating mobile home parks. He is definitely the go-to-person when it comes to mobile home park investing. During the episode, Jefferson educates us on what a mobile home park is and what investment opportunities surround it. He corrects the misconception of most people when it comes to mobile home owners. He presents the ups and downs of owning and operating mobile homes. He explains the Who, What, and How in the world of mobile homes. This is a very unique investment platform that will surely get you hooked!   Where we are: Johnny - Ukraine Sam - Barcelona   Links: Mobilehomeparkinvestors.com Parkstreetpartners.com   Time Stamps: 12:14 – How he got into Mobile Home Park Investing 15:49 – What got him into value investing 17:39 – What is a Mobile Home? 20:52 – Problems in building a Mobile Home Park 23:07 – Mobile Home Parks vs. Other types of Real Estate 25:43 – Who are Mobile Home Parks for? 28:53 – Moving of Mobile Homes 30:03 – Timespan of tenants 32:21 – How long has he been in this business? 36:31 – His journey in this business 39:20 – Average size of a Mobile Home Park 43:18 – What is a Cap Rate? 48:47 – Investment Opportunities 50:52 – Returns   If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.