Welcome to Episode 90 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson attended for the very first time TEXCO18, which is their 2nd annual event. On the show, Jefferson does a quick highlight of the two-day event and some of the interesting things he learned while there.
Key Takeaways:
[1:35] Jefferson highly recommends going to trade shows.
[2:15] This is the second year the TEXCO conference has been running, but this was the first time Jefferson attended.
[3:35] The guys over at Sunstone MHC highlighted the importance of keeping your books separate.
[6:00] You can buy real estate through your self-directed IRA.
[7:10] There are actually seven different types of IRAs and all of them can be used to buy real estate.
[9:15] On Wednesday, Jefferson learned about the process of lobbying the government when it comes to bad mobile home park policies.
[12:10] Non-lawyers can now handle evictions. Before, it was illegal for a park owner to represent himself in court during an eviction.
[13:25] The biggest pitfalls of both buyers and sellers.
[21:00] Grandfathering mobile home parks is now being upheld for up to 5 times!
[25:20] Would you buy a park in a 100-year flood zone?
[26:15] Should you attend TEXCO next year?
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Sunstonemhc.net
Anne Marie from QuestIRA on LinkedIn
