cover of episode 262: $600,000 in Gross Rents from Mobile Home Parks with Jefferson Lilly

262: $600,000 in Gross Rents from Mobile Home Parks with Jefferson Lilly

Publish Date: 2018/1/18
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BiggerPockets Real Estate Podcast

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Shownotes Transcript

    <p><strong>Mobile Home Parks</strong> can be one of the most profitable business models around, but learning to scale without losing all your time can be tough. That’s the story on today’s episode of <a href="https://www.biggerpockets.com/podcast">the BiggerPockets Podcast</a>, where we sit down with <strong>Jefferson Lilly</strong> to talk about how he’s acquired 2,600+ “pads” in the past few years and the lessons he’s learned in scaling. We also discuss the ins and outs of raising private money through a “fund,” which will both fascinate and educate you, so don’t miss a moment of it. Whether you want to buy mobile home parks or not, this is one show where the lessons will stick with you for life!</p><p>In This Episode We Cover:</p><ul>
  • Brandon’s mobile home park
  • Reasons why you should consider buying a mobile home park
  • The legality surrounding mobile home parks
  • How Jefferson came to own about 2,300 pads
  • What you should know about rent-to-own homes
  • How Jefferson markets their properties
  • Methods of payment for these rentals
  • A discussion on RVs vs. mobile homes
  • Jefferson’s thoughts on tiny houses
  • Getting to a “Mobile Home Park 2.0”
  • The 3 key hires for mobile home parks
  • What managing these mobile parks look like
  • Floods and other concerns when choosing a mobile home park
  • How to fund these days
  • How to find parks today
  • And SO much more!
  • Links from the Show

    Books Mentioned in this Show

    Tweetable Topics:

    • “Don’t kick anybody out of your deal. Just scale everybody back.” (Tweet This!)

    Connect with Jefferson

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