EP196: Mobile Home Park Investing with Dan Gibson from the Trailer Park Bros

Dan Gibson has been in real estate for the last 7 years and around 4 years ago, he got into mobile home parks with his brother. Dan currently owns two parks in the St. Louis area and he has a third one under contract. Dan answers all of your burning questions about mobile home parks and the kind of cash flow they generate on this week's episode!   Key Takeaways: Why do mobile home parks have such a bad stigma? How did Dan get started in this business? What are some of the benefits of owning a mobile home park? Dan discusses some of the challenges that might come up with mobile parks. Look for properties that range from 20-100 lots. These parks are often too small for the 'big guys'. Where are these mobile homes located? A quick rule of thumb to find out whether you have a good location is to see if there's a Walmart nearby. That's a good sign. How did Dan accidentally buy his first mobile home? Dan discusses what his expenses are for the mobile home and how much cash flow he walks away with. How much time, on average, does it take to manage a park? How did Dan find his second park? How can you find your first deal and get started in buying mobile parks? Dan shares what are some of the key things you need to look for when buying a park. Can Dan do this business virtually? How does Dan find his deals? Dan breaks down the due diligence process. Dan has compiled a quick PDF for you to download! Check the show notes! Mentioned in This Episode: I would greatly appreciate an iTunes Review :-) Flip Empire on iTunes Email Alex: [email protected] Grab your "Top 5 Reasons to Invest in Mobile Home Parks vs Apartment Complexes" PDF here: FlipEmpire.com/trailers Connect with Dan Gibson to learn more about Mobile Home Park Investing here: Trailerparkbros.com  and/or follow them on Facebook: Facebook.com/trailerparkbros Search Mobile Home Parks for sale: Mobilehomeparkstore.com   Tweetables: "You don't realize how many mobile home parks are in your area. They're usually tucked behind something." "Once you get your mobile park under contract, it's a full 2-3 month due diligence process." "Managing a 30--lot park usually takes between 3-5 hours a week." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!