Own The Dirt

Send us Fan MailYou can spend years chasing “the perfect deal,” or you can learn the few mental models that make mobile home park investing simple, repeatable, and profitable. We’re fresh off the final edits of my new book on how to get your first mobile home park, and I’m pulling back the curtain on the lessons that actually move the needle when you’re trying to buy your first park.We start with the core idea that changes how you underwrite everything: you own the dirt, not the homes. When you focus on lot rent and land-based income, you can cut down on the constant maintenance headaches that come with owning houses or park-owned units. From there, I walk through how I build a deal finding machine, including my favorite strategy for sourcing opportunities fast: expired mobile home park listings. These are owners who already tried to sell, didn’t get the result they wanted, and may be far more realistic today.Then we get into the practical stuff that saves you time and money: filtering sellers quickly, running simple back-of-the-napkin math, and valuing a park using the lot rent lens (income, expenses, NOI, cap rate) plus the as-is value of any park-owned homes. We also talk due diligence, why “the mess” is leverage, how reserves and outside capital fit into real deals, and why retrades are normal when inspections reveal what’s really going on.If you’re serious about buying a mobile home park, listen, share this with someone who’s stuck overthinking, and hit subscribe. If you’ve got a question about sourcing, underwriting, or retrading, leave a comment or review and tell us what you want covered next.Support the show🎧 Enjoyed this episode? Don't forget to hit the like button and subscribe to Property Prophets for more valuable insights and captivating conversations with real estate experts. Your support means the world to us! Follow Travis on social media for even more Real Estate Advice: www.facebook.com/travis.wells.7587Instagram :  / travisclaywells  ​TikTok: / travisclaywells  ​Linkedin: / traviscwells