98: Mobile Home Park Investing with Jefferson Lilly
Invest Like a Boss
Sam Marks Johnny FD Derek Spartz
4.8 • 518 Ratings
🗓️ 10 July 2018
⏱️ 74 minutes
🧾️ Download transcript
Summary
Jefferson Lilly is a mobile home park investment expert who co-founded Park Street Partners which owns 17 Mobile Home Parks coast-to-coast. He is the host of the Mobile Home Park Investors podcast with over 10,000+ D/L per month. He spent seven years investing his own capital acquiring and operating mobile home parks. He is definitely the go-to-person when it comes to mobile home park investing.
During the episode, Jefferson educates us on what a mobile home park is and what investment opportunities surround it. He corrects the misconception of most people when it comes to mobile home owners. He presents the ups and downs of owning and operating mobile homes. He explains the Who, What, and How in the world of mobile homes. This is a very unique investment platform that will surely get you hooked!
Where we are:
Johnny - Ukraine
Sam - Barcelona
Links:
Time Stamps:
12:14 – How he got into Mobile Home Park Investing
15:49 – What got him into value investing
17:39 – What is a Mobile Home?
20:52 – Problems in building a Mobile Home Park
23:07 – Mobile Home Parks vs. Other types of Real Estate
25:43 – Who are Mobile Home Parks for?
28:53 – Moving of Mobile Homes
30:03 – Timespan of tenants
32:21 – How long has he been in this business?
36:31 – His journey in this business
39:20 – Average size of a Mobile Home Park
43:18 – What is a Cap Rate?
48:47 – Investment Opportunities
50:52 – Returns
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Transcript
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| 0:00.0 | Welcome to the Invest Like a Boss podcast. I'm Sam Marks and I'm Johnny FD. We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss. Join us each week for exclusive interviews with our network of modern investors, business owners and multi-millionaires to discover new ways to invest our hard-earned cash. Hey, what's up, everyone? This is Johnny and welcome to episode 98 of an Invest Like a Boss podcast. I am actually still in Odessa, Ukraine, getting ready to go to a new country pretty soon. Sam is very close yet very far from me on the exact opposite side of Europe, Roe-U-Sam. |
| 0:38.8 | Barcelona. |
| 0:40.1 | Barcelona, my friend. |
| 0:41.4 | One of my favorite cities in the world, and I cannot wait to get this summer siesta |
| 0:46.3 | rolling in full force next week. |
| 0:49.1 | I thought you were going to be in France first. |
| 0:50.9 | What happened to that? |
| 0:52.1 | Dude, I tornadoed through France already. |
| 0:55.2 | We rented a car and hopped all around the south of France. |
| 1:00.1 | Montpelier, Marseilles, did a bunch of vineyards. |
| 1:03.8 | Just blew through it, just constantly on the move. |
| 1:07.0 | And then just two days ago, got back to northern Barcelona. |
| 1:12.0 | There's actually an area that's, dude, I sent you a photo, Johnny, goes to Brava. |
| 1:16.4 | That is one special place. |
| 1:18.0 | Beautiful place with the worst internet I've ever seen. |
| 1:22.3 | Sam tried to send me the file of the recording. |
| 1:25.5 | And five hours later, I mess with sam saying look like there's something |
| 1:31.4 | wrong it's definitely not in the drop box and he says it's you know he says me a screenshot saying |
| 1:36.2 | it's in there the internet in spain is just the slowest in the world in kosabrava it was |
| 1:41.3 | probably the slowest in the world i had better internet in gu Guatemala in 2008 and Lake of Tidlin than I did on the coast of Spain. |
| 1:50.3 | But, you know, we go around all these places asking like, hey, you guys have Wi-Fi. |
| 1:54.2 | And everyone said, no, no, it's just not part of their lifestyle at all. |
... |
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