Welcome to episode 15 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, Jefferson and Brad discuss some of their deals that have fallen out of bed for various reasons. These include deals they passed on after having done varying levels of diligence, all the way to the point of having them under a contract. Listen in to learn how not to let your emotions lead you to closing a bad deal.
Key Takeaways:
[1:12] What not to do when closing a deal? Don’t let your emotions guide you no matter what.
[2:44] Tale from the road to closing the Blue Grass State deal.
[5:21] As Warren Buffet advises…invest in a business that any idiot can run because sooner or later, one will!
[6:07] What are some red flags to look out for when you’re in the process of closing a deal?
[9:37] Tale from the road to closing the Texas deal.
[13:19] Why was the Park Street Partners’ 1st deal (a single-wide Michigan) a bummer and why did they call 113 banks?
[18:06] Another tale from the road to closing a double-wide Michigan deal.
[20:59] The Indiana deal seemed like a great opportunity, but the seller back paddled out of the deal.
[25:31] What kind of due diligence issues have lead the Park Street Partners to cancel a deal?
[26:42] What are the key lessons learned from some deals which have fallen out of bed for various reasons?
Mentioned in This Episode:
Park Street Partners www.parkstreetpartners.com
Mobile Home Park Investors www.mobilehomeparkinvestors.net
deals@parkstreetpartners.com
Park Street Partners - Investment Opportunities
Park Street Partners - Resources
Mobile Home Park Investors Group on LinkedIn
Send your deals to: deals@parkstreetpartners.net
