111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 26 February 2015

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

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Summary

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! 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast, Show 111.
0:05.0	It's a win for us as a landlord.
0:06.9	It's just a great business to be in when you run a mobile home park.
0:10.2	You're listening to Bigger Pockets Radio, simplifying real estate for investors large and small
0:15.8	if you're here looking to learn about real estate investing without all the height
0:20.3	You're in the right place stay tuned and be sure to join the millions of others
0:25.0	who have benefited from BiggerPockets.com.
0:28.0	Your home for real estate investing online.
0:31.0	What's going on everybody?
0:32.0	This is Josh Dorkin, host to the BiggerPockets Podcast here with my charismatic co-host,
0:39.0	Mr. Brandon Turner.
0:43.0	The crowd goes wild.
0:46.0	That they do.
0:47.0	How you doing Josh?
0:48.0	I'm good. How you doing?
0:50.0	I'm good. I'm good.
0:51.0	I'm good.
0:52.0	Life is good. It's raining again. Yeah, yeah you know I almost crashed my car this morning did you really
0:56.5	yeah the it was like a snowstorm it was ice I like the roads were horrible here in Denver and I
1:02.1	start going down this hill and hit the brakes and just they didn't even lock up.
1:06.1	I just couldn't stop skidding.
1:07.4	Didn't matter what I did.
	...

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