Mobile home park investing wasn’t very attractive until a few years ago. Thanks to big names in the mobile home park space (like BiggerPockets’ own Brandon Turner), the mobile home investing game has become one of the hottest commodities in the world of real estate investing. But it must take a huge jump to go from investing in single-family rentals to double-digit-unit parks, right?
Today’s guest, Amanda Cruise, is here to tell you that bigger doesn’t always mean more challenging. She actually got out of single-family rental investing due to the non-stop headaches of dealing with contractors, property managers, and tenant maintenance problems. She started doing “Lonnie Deals” where she would seller-finance mobile homes to local buyers. Soon, after enough success, she moved on to tackling entire mobile home parks!
But how did Amanda beat out the competition when the mobile home park space is so hot? Thankfully, Amanda shares her three top tips on getting around institutional investors so you can purchase cash-flowing mobile home parks, without the headaches of syndicating or raising vast amounts of capital.
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Join BiggerPockets for FREE:
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Connect with Amanda on
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Listen to Sarah Weaver’s Episode of The BiggerPockets
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Will Mobile Home Parks Be the New Hottest Real Estate
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Grab Sarah’s Freebies for Aspiring Mobile Home Park
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Follow Amanda on Instagram:
@investingwithamanda or
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Check Out the Video on Rob and David’s new $3.25M
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Connect with Rob (Roubilt) on Youtube, Instagram, and Tiktok:
Youtube:
Instagram:
TikTok:
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Connect with David and Rob on BiggerPockets:
David:
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Follow David on Instagram:
@davidgreene24 or
Episode 596
Show notes at:
00:00 Intro
03:28 Quick Tip
03:49 From Single Family Rentals to Mobile Home Parks
06:41 Note Investing & "Lonnie Deals"
14:41 The Flea Story
16:42 Finding Mobile Homes/Parks & Due Diligence
27:46 Scaling Your Team & Analyzing a MHP Deal
33:22 3 Strategies to Beat Big Buyers
40:22 Deal Deep Dive
46:02 Famous Four
Recommended Reading >> bit.ly/32kRpzw
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