The mobile home park industry is an interesting sector, as markets that don’t work well with other niches seem to do just fine with the affordable housing product. In this case study we review a mobile home park in Wisconsin that has little exciting going on, other than the ability to make huge profits.
Watch The VideoThe July 2021 Commercial Real Estate Investing Newsletter
Bill Gates founded Microsoft in 1975, and went public in 1986, at a stock price around $1. By 1996, the stock had risen to around $4 per share – a 400% increase in only ten years. Many investors jumped at the chance to sell, thinking that Microsoft had reached its maximum value. Today, Microsoft stock trades at around $250 per share. In many ways, current mobile home park values are like Microsoft stock in 1996; only beginning their ultimate rise.
Listen To Episode 205The normal strategy in most endeavors is to work from the inside out – but not always for billboards. In this Billboard Mastery podcast we’re going to discuss the reasons and strategy behind going outside the city limits – where competition and costs are lower – and then start looking closer into the city core as your experience and cash flow increases. This is a proven plan that has been a winner in the past.
Listen To Episode 27For a while, self-storage cap rates had been in the same ballpark as other sectors – most notably apartments – but now they are going up while housing sector cap rates are staying low. Why is this occurring and what can you do to protect yourself? That’s the subject of this Self-Storage University podcast. As you’ll see, there are legitimate reasons for this cap rate disparity, and important steps you can do to mitigate this risk going forward.
Listen To Episode 31Getting an RV park loan is an essential part of the acquisition process. You may be excited about your deal, but that enthusiasm can sometimes be the wrong approach in getting a loan. The issue is that bankers love pessimism. But why is that? In this RV Park Mastery podcast, we’re going to explore why bankers get turned on by negative people, and how to harness this energy is crafting an even better loan package for the lender.
Listen To Episode 33Mobile home parks have always been the “black sheep” of the real estate family. The stigma against mobile home park residents (commonly called “trailer trash”) and mobile home park owners (considered “evil” by the media) has long rendered the mobile home park industry off-limits to those who lack the bravery to overcome these stereotypes. But there are many positive factors to being the only sector of real estate that nobody seems to like or respect.
Read MoreFinding the right mobile home park requires sifting through a huge number of deals, and separating them into two buckets: 1) has the right raw material and 2) does not have the right raw material. But what does that raw material look like. In this Mobile Home Park Mastery podcast we’re going to review what makes a deal possible apart from a deal impossible.
Listen To Episode 204We recently saw this news story on the internet https://thehill.com/hilltv/rising/561211-jordan-chariton-kentucky-trailer-park-residents-literally-living-in-terror-due . Perhaps the writer should talk to John Oliver, who criticizes mobile home park owners for raising rents. You see, you can’t have both low rents and parks not being re-developed into more profitable uses. And it’s about time that media outlets start telling the truth about the situation.
Read MoreYou can’t be thinking about mobile home park investing without having a ton of questions. That’s where we were in the mid-1990s when we bought our first parks. Only – back then – there was nobody to answer concerns, or explain the science, or even hold out any hope that you could make money with “trailer parks”.
Listen To The AudioLay’s potato chips has long used the slogan “bet you can’t eat just one”. But is that also true for buying mobile home parks? In this Mobile Home Park Mastery podcast we’re going to discuss what happens after you buy that first property and bring it back to life.
Listen To Episode 203The average American works 40 hours a week. But there’s 168 hours in a week – so where does the rest of the time go? In this Billboard Mastery podcast we’re going to discuss how you can get into the billboard business with a very small time commitment: if you work smart. You can build an impressive side hustle with time your formerly wasted.
Listen To Episode 26I am often asked what the “future” of the mobile home park industry is. And I think it’s most appropriately called “the Great Race”. In this Mobile Home Park Mastery podcast we’re going to discuss what I mean by “the Great Race”, how to enter it, how it will end, and what you need to know about the contest. Since we all live under “time urgency” it’s only appropriate to have a talk about that ticking time clock in terms of the mobile home park sector.
Listen To Episode 202There’s a new movement to embrace trees from a green environment perspective. But RV park owners have treasured trees long before ecology became a hot topic. In this episode of the RV Park Mastery podcast we’re going to talk all about trees and how to manage them correctly.
Listen To Episode 32Every self-storage facility needs a manager. But you need one that actually makes your property perform as planned – not hold you back from success. In this Self-Storage University podcast we’re tackling the subject of what makes a manager go bad and how you can best manage this risk. While all self-storage facility managers are not perfect, some are really bad and can cost you big money. This podcast helps to reduce those losses.
Listen To Episode 30