Expected Air Date: 03/24/18
Mobile Home Parks can be a solid way to build wealth in a real estate portfolio.
Good morning everyone. My father always used to say, “invest in dirt — they are not making any more of it.” True wisdom. Today we are going to feature a real estate asset class where, if you can find it, you can make a 12-15% return on your money. The challenge is this – they aren’t making any more of them. What am I talking about? Mobile Home Parks.
Mobile home parks have always gotten a bad rap, but the truth is, these parks provide low cost living environments for working class people, usually have a lower than normal crime rate compared to the immediately surrounding area, and offer an inexpensive way for anyone to put a roof over their head. Mobile home parks are often the butt of jokes and objects of scorn or derision from the more well-to-do. And the people getting elected to local offices more often than not come from the more well-to-do classes. Because of this, mobile home parks are being regulated and/or zoned right out of existence.
My guest today is Jefferson Lilly, one of the founders of Park Street Partners and operator of mobilehomeparkinvestors.com. Jefferson will join us in a few moments and we will talk mobile home park investing. As a bonus today, after the show airs we are posting a dozen resource links around the internet for you to do some more reading on this subject. In addition to being a successful investor himself, Jefferson provides an opportunity for you to invest in his success and enjoy solid returns on a passive investment.
How to Reach us
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Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.
- My upcoming speaking engagements:
- April 5, Chattanooga REIA
- April 7, FlipStarter, Chattanooga
- April 9, Savannah REIA
- April 14, FlipStarter Savannah
- April 21, FlipStarter Atlanta
- Details on the website and at FlipStarterEvent.com
- Jefferson Lilly
Motivational Thoughts for the day
- “The dream is free. The hustle is sold separately.” – Unknown
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