Welcome to episode 40 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson records this quick 9-minute episode to discuss in detail the things you can do in 30 seconds or less, to find out whether you’ve got a good mobile home park deal on your hand. As you look at more deal flow, you can’t afford to waste time on bad properties!
Key Takeaways:
[1:40] As you start seeing more deal flow, it’s very important to start separating wheat from chaff.
[2:25] Spend the first 15 seconds just seeing if the property is listed on the Yellow Pages website.
[3:15] Half of the deals that both Jefferson and Brad make are not listed in the Yellow Pages.
[3:25] This is a good thing. It means the owners are mom-and-pop places.
[4:10] You have a huge advantage if the owners aren’t advertising.
[5:45] Jefferson guesses that you can increase your cashflow by 10-20%, just because the owners haven’t reached these key advertising areas.
[6:05] Once done, take your next 15 seconds and head on over to Google Maps.
[6:25] You want to be located within 5 miles of a Super Walmart.
[7:55] If a Walmart is not in your area, it indicates the town isn’t doing that well economically.
[8:10] Jefferson and his team are actively raising money right now! Go to the website to find out more!
Mentioned in This Episode:
mobilehomeparkinvestors.net
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to: deals@parkstreetpartners.net
