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!
In This Episode We Cover:How Jefferson got started with value investingWhy you should emulate Warren BuffetHow he began investing in mobile home parksWhat you should know about the views on mobile homes in AmericaInsight on helping people move from one asset class to the nextThe ins and outs of how investing in mobile home parks worksHow Jefferson got a half million dollar line of creditHow he got a 50% increase in the affordable housing programDiscussions on income streams for mobile home parksWhat you need to know about LLCs for mobile home investingHow to find value in a mobile homeA great explanation of “cap rate“The essential duties of a park managerHow Jefferson raised funds for his investingWhy you should use outsourcing & streamlining to manage your businessAnd SO much more!Links from the Show:Trivia EmailBiggerPockets Calculator SuitesTulsaEstatesMHP WebsiteBiggerPockets ForumsBiggerPockets BlogCraigslistParkStreetPartners FundOdesk.comElance.comDropboxSquareSpaceStripe.comBooks Mentioned in this ShowRich Dad Poor Dad by Robert KiyosakiThe Snowball: Warren Buffett and the Business of Life by Alice SchroederTweetable Topics:“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 TwitterConnect with JeffersonJefferson’s Main WebsiteLillyandCompany