2.3 • 681 Ratings
🗓️ 27 November 2018
⏱️ 40 minutes
🧾️ Download transcript
Jefferson Lilly from Park Avenue Partners and the Mobile Home Park Investors podcast and LinkedIn group tells us why he thinks mobile home parks are the best real estate investment available. Plus, Joe Anderson, CFP® and Big Al Clopine, CPA answer your money questions on investing in natural resources, asset location when investing $50,000 cash, how to plan for retirement in the event your pension disappears, TSP allocation when retiring in 20 years, and transferring your 401(k) into your spouse’s solo 401(k). Transcript & show notes: http://bit.ly/YMYW-197
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0:00.0 | I don't know about you, but I have had turkey leftovers for five days in a row now. |
0:04.4 | Luckily, we've got the perfect podcast to listen to while you walk or jog off the last of the Thanksgiving food fest. |
0:10.5 | I'm producer Andy Last, and today on Your Money, Your Wealth, Jefferson Lilly from Park Avenue Partners and the Mobile Home Park Investors podcast and LinkedIn group tells us why he thinks mobile home parks are the best real estate |
0:22.3 | investment available. Plus, Joe and Big Al answer a whole slew of your money questions. Like, |
0:27.7 | what percentage of natural resources should be in your portfolio? How and where should you invest |
0:32.5 | $50,000 in cash? How should you plan for retirement in the event your pension disappears? What should your |
0:38.6 | TSP allocation be if you're planning to retire in 20 years? And finally, can you transfer your |
0:43.5 | 401k into your spouse's solo 401k? But first, here to kick things off with me are Big Al-Clobine |
0:49.5 | CPA, our guest, Jefferson Lilly, and Joe Anderson, CFP. |
0:57.3 | So Jefferson, tell me your story, my friend. |
1:02.8 | I would like to know how I can get in the mobile home park business in McMillions. |
1:09.7 | Well, Joe, as I say, when I woke up from the concussion, it just seemed like a good idea to buy a mobile home park. |
1:13.6 | I got into the business about 11 years ago. Initially, I thought I wanted to diversify out of the stock market. |
1:16.6 | I wanted to buy, probably initially I was thinking about buying an apartment building |
1:21.6 | and ended up doing some online research and kept finding mobile home parks |
1:26.6 | were this quirky little niche of |
1:28.9 | multifamily that yielded a lot more money than regular apartment buildings. So I did some research |
1:36.4 | and basically figured out why this is a much more interesting niche than traditional multifamily |
1:42.6 | investing and bought my first park and another park |
1:45.8 | and have now grown up and with some others, we've raised some money and we bought about two |
1:50.6 | dozen parks nationwide. |
1:52.7 | Tell me a little bit more about the process. |
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