JF3427: A Conversation with The Mobile Home Park Lawyer ft. Ferd Niemann

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 22 January 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ferd Niemann, a seasoned mobile home park operator and real estate attorney, dives into the niche world of mobile home park investing. He shares expert insights about the nuances of real estate law, the specifics of mobile home park operations, and some of the risks associated with mobile home park investing that investors often overlook. Key Takeaways Transitioning to Mobile Home Park Investing: Ferd Niemann shares his journey from working in insurance and as a county appraiser to becoming a real estate lawyer and mobile home park operator. He emphasizes the shift from single-family homes to mobile home parks due to competitive market conditions and the pursuit of greater returns. Navigating the Challenges of Mobile Home Parks: Ferd discusses the unique challenges of mobile home park investments, including zoning issues, the value of vacant sites, and the significance of local market conditions. He provides insights into managing these challenges, emphasizing the importance of due diligence and understanding local market dynamics. Strategic Approaches and Best Practices for Mobile Home Park Operations: The episode covers strategic approaches to mobile home park investing, such as focusing on parks with potential for infill and improvement, and the benefits of owning multiple parks in a region for managerial efficiency. Ferd also delves into best practices for setting up legal entities for different aspects of the investment to mitigate risks and streamline operations. Ferd Niemann | Real Estate Background The MHP Law Firm Portfolio: 1,500 mobile home park sites Various LP investments Based in: Kansas City MO Say hi to him at: themobilehomelawyer.com Best Ever Book: Rocket Fuel by Gino Wickman Greatest Lesson: Trust your gut. Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Did you know that within a decade women will hold $30 trillion in investable assets?
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1:05.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for informational purposes only and should not be construed as an offer to buy or sell any securities or to make or
1:15.6	consider any investment or course of action.
1:18.8	For more information go to best ever show.com.
1:21.8	In particular, we have private sewer systems like a lagoon or some septics.
1:25.0	I heard an engineer tell me like what he said, it needs the food to eat to keep in shape.
1:30.0	And if it's been empty for so long your infrastructure can fail.
1:34.0	Welcome to the Best Ever Show, the world's longest running daily commercial real estate
1:39.0	podcast.
1:40.0	Our hosts interview commercial real estate experts every day to get you the best advice ever with none of the fluffy stuff.
1:47.0	Best ever listeners welcome to the best real estate and best advice ever show. I am your host Joe Cornwall and today I am joined by Ferd Neiman.
1:54.0	Ferd is a mobile home park operator.
	...

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