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
EP068: Interview: Ryan Howerton of 21st Mortgage Tells Us How To Get ‘Free’ Homes Into Our Communities
1 day ago
Welcome to Episode 68 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, our two hosts bring on Ryan Howerton from 21st Mortgage to discuss how more park owners can help their residents become owners themselves. Ryan explains that there is a ‘free’ way how you can do this! Key Takeaways: [2:30] Who is Ryan and how did he get his start at 21st mortgage? [5:00] 21st Mortgage has a CASH program, how does this help both the park owners and tenants? [8:35] Every year Ryan and his partner Lance looked at how they could improve this CASH program. [13:35] The benefits of working with 21st Mortgage’s CASH program is that you also get access to a wide variety of expertise all across the nation. Ryan and his team have learned from their mistakes, and it makes no sense why you should start from zero. [14:30] Ryan’s main focus for the customer is affordability. He aims to get the best setup as possible at the best price possible. [19:00] Why does Ryan deny certain applicants? What do tenants need to know before they apply with 21st Mortgage? [21:35] What are some the reasons why park owners are denied from the CASH program? [26:55] How long does it take to get a mobile home park from 21st Mortgage? [36:40] How has 21st Mortgage changed since Warren Buffett has bought the company? [40:35] At the end of the day, it’s all about the people. 21st Mortgage wouldn’t have seen the growth that they’ve seen without their dedicated and hardworking team. [43:00] Does 21st Mortgage finance tiny homes as well? Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group