In this episode of the BiggerPockets Podcast, we dig into a real estate niche that, until today, you’ve probably never considered. However, after listening to this entertaining and informative show with guest Jefferson Lilly, we think you’ll be a believer! Join us as we dive into the world of mobile home parks, and learn numerous reasons why a park might be a better investment than either single family or multifamily real estate.
Whether you're looking for a great, low-barrier first time real estate niche to invest in, or you're simply looking to expand your growing portfolio -- don't miss out on wealth of knowledge covered in this episode!
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This Show Sponsored By
We just wanted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!
Learn more by visiting RealtyShares.com/biggerpockets!
In This Episode We Cover:
How Jefferson got started with value investing
Why you should emulate Warren Buffet
How he began investing in mobile home parks
What you should know about the views on mobile homes in America
Insight on helping people move from one asset class to the next
The ins and outs of how investing in mobile home parks works
How Jefferson got a half million dollar line of credit
How he got a 50% increase in the affordable housing program
Discussions on income streams for mobile home parks
What you need to know about LLCs for mobile home investing
How to find value in a mobile home
A great explanation of "cap rate"
The essential duties of a park manager
How Jefferson raised funds for his investing
Why you should use outsourcing & streamlining to manage your business
And SO much more!
Links from the Show:
Trivia Email
BiggerPockets Calculator Suites
TulsaEstatesMHP Website
BiggerPockets Forums
BiggerPockets Blog
Craigslist
ParkStreetPartners Fund
Odesk.com
Elance.com
Dropbox
SquareSpace
Stripe.com
Books Mentioned in this Show
Rich Dad Poor Dad by Robert Kiyosaki
The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
Tweetable Topics:
"A key point is the ability to think broadly and use OPM -- other people’s money." Share on Twitter
"It's about helping people moving from one asset class to the next." Share on Twitter
Connect with Jefferson
Jefferson's Main Website
LillyandCompany
View the full article: BP Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly on on The BiggerPockets Blog.