Mobile Home Park Investors with Jefferson Lilly & Brad Johnson
About This Show
The Mobile Home Park Investors Podcast is the world’s first podcast dedicated to mobile home park investing. This weekly podcast explains the intricacies of this unique real estate niche and details why an investor would want to own a mobile home park, either directly or through a real estate fund. Current manufactured housing community owners will find this podcast helpful in improving their mobile home park’s operations and profitability.
The Podcast is hosted by Jefferson Lilly and Brad Johnson who are the co-founders of Park Street Partners, a private real estate investment firm focused on mobile home parks. The company seeks to deliver its investors superior cash flow returns by acquiring and investing in undervalued mobile home parks. Park Street Partners does this while helping to solve America’s affordable housing crisis by improving communities and increasing the supply of housing in the markets it operates in.
Most Recent Episode
EP043: Get Your Toe in the Water and Buy Your First Mobile Home Park
Dec 29 16
Welcome to episode 43 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This episode is a continuation of last week’s podcast, where Jefferson walks Robert Nelson through the math and money behind purchasing his first mobile home park. What are some telltale signs that Robert needs to look out for? Find out today! Key Takeaways: [1:45] It’s a good thing Robert’s first prospect park is not listed in the yellow pages. [3:05] Jefferson is now looking up on Google Earth where the nearest Walmart is. [7:35] Jefferson talks about a red flag he just spotted with the property. [8:35] When looking at locations, Jefferson tries to find properties where the unemployment in the area is under 7%. [9:40] In this area, homeownership is about 63%. [11:35] Lot rents can go to about half of what an average 2-bedroom apartment goes for in the area. [14:40] What does Jefferson look for in the last 12 months of bank statements? [17:50] This property is being poorly managed. [22:50] Jefferson recaps what he would improve upon. [24:15] Although this property is a bit highly priced, it doesn’t look like it’s a complete disaster, in terms of repairs. [25:25] What does Jefferson think about seller finance options? [28:05] Interested in investing with Jefferson and Brad? Feel free to contact them today! Mentioned in This Episode: Park Street Partners Mobile Home Park Investors Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to: