Mobile Home Park Talk

We are kicking off 2024 with a new name, format by adding a cohost to riff all things commercial real estate and keep it fresh and consistent. Welcome to 2024 & CRE Deal Flow with cohosts Tyson Cross & Tim Steele. Reach out! tyson@mayflyinvest.com or tim@mayflyinvest.com

On today's episode we sit down with Steve Schuessler and Jim Dougherty of ELB Consulting to talk about bonus depreciation and how a cost segregation study can save you a lot of money, using the tax savings strategies for real estate investing. We discuss different ways that investors can take advantage of these strategies, what they need to know and how to set themselves up for the doing it the right way. You can reach Steve at steveschuessler@gmail.com or Jim at jim@costsegamerica.com Enjoy the show!

If you are an aspiring broker or even an investor who wants to see what it takes to be a top broker and how to separate yourself from the pack, this show is for you. We sit down and talk with fellow broker, David Gellner, of CPX who talks about his daily routine, what it takes to compete at a high level and how he prepares himself for this daily. We also talk about what the most important part of suceeding in brokerage is and ways you can elevate your brokerage game. You can reach David directly at dgellner@cpxone.com Enjoy the show!

Adam Smith is a Senior Broker at HFO Investment Real Estate based out of Portland, Oregon. On today's show, we sit down and talk about what it takes to compete in the multifamily arena in the Oregon market. He talks about ways to find more deals both as a buyer and a broker and what he does to ensure he is providing the ultimate service for his clients and success for his business. You can reach Adam directly at Adam@Hfore.com Enjoy the show!

On today's episode we have Andy Chapman back on the show. Andy is now the Northwest Lead for the National MHC Appraisal Practice at JLL. Andrew specializes in the appraisal services of Manufactured Housing Communities and RV Parks and in this episode we discuss current underwriting criteria with the recent increase in interest rates. Andrew gives some insight into what he is seeing in the changing landscape of the investment side of MH and RV parks. Reach out to Andy at andrew.chapman1@jll.com Enjoy the show!

In today's episode, we talk to my friend and business partner, Khari Gates. Khari talks about how he first got interested in investing in manufactured housing communities, what the process looked like and how passionate he has become about it. We discuss what it means to be a steward of the community and the difference between that and being a landlord. We also discuss the need for affordable housing and where the future is heading. If you are looking for manufactured housing or RV communities to purchase, please check out my site here https://cpxone.com/properties. You can get in touch with Khari at kgates@mpgproperties-llc.com. Enjoy!

The insurance landscape is changing and changing fast, especially for manufactured housing communities and RV parks. With the increasing threat of wildfires, especially on the West Coast, we are seeing more and more owners facing challenges with obtaining affordable insurance. We sat down with Pat Flynn of propel insurance who insures more than 3000 Mobile Home Communities across the country to talk about the challenges he is seeing and the ways that owners and managers can better prepare themselves so they're not left holding the bag when it comes time to renew their insurance policy. Connect with my team and me! cpxone.com - for more mobile home park opportunities tysondcross.com - to follow my blog LinkedIn - connect with me Twitter - link up on twitter

In this episode, we dive into the world of a mobile home park appraiser. Andy Chapman is one of the most active mobile home park appraisers in the Pacific Northwest and shares what he is seeing in the market today, both in terms of activity and trends in the mobile home park space.

In this episode of Mobile Home (& RV Park) Park Minute, Tim and I discuss everything to do with financing our recent project. For this project, we utilized Small Business Administration (SBA) financing.

In this episode of Mobile Home (& RV Park) Park Minute, Tim and I discuss the mistakes we made during the due diligence of our project last year. We talk through the lessons we learned and things we'd do differently.

In this episode of Mobile Home (& RV Park) Park Minute, I sit down with the CIO and Co-founder of Spartan Investment Group, Ryan Gibson. We talk about the challenges and wins he faced with his recent mobile home park development. 

In this episode, I am joined by my business partner, Tim Steele. We discuss the start of our journey this past year with our newest investment property and what we see in the future of mobile home park investing.

Anyone can buy a mobile home park, but your money is made in the operations. There is a lot of momentum in our industry right now so we wanted to relaunch this podcast to start having conversations again around the industry with people who are in it. Tyson Cross O: (503) 200-2154 C: (503) 407-1223 E: Tyson.Cross@marcusmillichap.com https://crosscre.com/ https://www.tysondcross.com/

In today's show, we pick up where we left off with Mobile Home Park Operator, Andrew Keel. If you haven't listened to the first one, go back and listen to that first. Otherwise, sit back and enjoy! Please connect with me! tysondcross.com linkedin.com/tycross81 Happy Investing!

Today I talk with Andrew Keel who is crushing it in the mobile home park space. Listen in as we talk about some of the cool stuff he's doing within his business. Feel free to reach out to him at keelteam.com Please connect with me! tysondcross.com linkedin.com/tycross81 Happy Investing!

This is the second part of the interview with our guest, Charlie Ansanelli. If you missed the first part, go back and listen to last week's epsisode first! I hope you enjoy. Please connect with me! tysondcross.com linkedin.com/tycross81 Happy Investing!

In today's show I interview my first guest, Charlie Ansanelli. Charlie is a College drop out, 3-time entrepreneur, 2-way Investor, Dad and at home amateur chef. He recently closed on a couple of mobile home parks and in today's show we talk about how he got started, what led him to mobile home park investing and what it means to be an intentional investor. This is part 1 of the interview and part 2 will be released subsequently. You can reach Charlie at charlie@rockstackcapital.com or find him on linked in at linkedin.com/charlieansanelli Please connect with me! tysondcross.com linkedin.com/tycross81 Happy Investing!

On today's show we talk about a topic that a listener recently reached out to me about regarding a park they have in contract and the fact that it has REALLY small lots. On top of that the homes are also very old and dilapidated. What steps should you take to ensure you're not setting yourself up for headache down the road? Please connect with me! tysondcross.com linkedin.com/tycross81 Happy Investing!

For a bit of a change, I thought I would give some of my thoughts on the state of the market as it relates to commercial real estate investing, recession and why I think this is a great time to be a buyer. Thanks for listening! Please connect with me! tysondcross.com linkedin.com/tycross81 Happy Investing!

Today we discuss why I believe Brokers are your single best source of deal flow when it comes to sourcing quality mobile home parks to buy. This episode is packed full of good advice for any new buyers who are struggling to get Brokers to take them seriously. We dive into why you should be talking to every broker in your market, how to get them to send you deals and ways to build those relationships. Please connect with me! tysondcross.com linkedin.com/tycross81 Happy Investing!

I think one of the number one things people want to do a better job at is finding deals. How do we find deals in this competitive market? What are some ways you can stand out as a Buyer and get deal flow going in your business? In this show we'll start talking about that and look to uncover the best ways to locate, evaluate and purchase mobile home park properties. Please connect with me! tysondcross.com linkedin.com/tycross81 Happy Investing!

If you have mobile homes that you own inside your park, what is the best way to convert those to resident owned? How do you structure the "sale" so that you are compliant, but also allow the resident to stay in the home without disruption? There are a few ways that can help this process go smoother and create ownership for everyone in your park. Please connect with me! tysondcross.com linkedin.com/tycross81 Happy Investing!

Everyone wants a 10 cap mobile home park. That's what I hear a lot when I talk to investors who are new to the mobile home park space. And traditionally 10 caps have been the norm. But not anymore!! What should you do about it? Listen in to find out. Please connect with me! tysondcross.com linkedin.com/tycross81 Happy Investing!

Invest in your own backyard vs. Invest where the deal makes sense. We hear this debate A LOT! What is the right way to do it? Is there a right way? I explore this topic on today's show and talk about why I believe there is no right or wrong way to do this. It has to align with your goals and outcomes. Please connect with me! tysondcross.com linkedin.com/tycross81 Happy Investing!

Today I talk about how to correctly value a park that has all resident-owned homes in it, yet the homes themselves are in very rough shape. Do we base the value solely on the income and expenses and apply a cap rate? Or do we need to take into account the shape and age of the homes as part of the valuation? And if we do, how do account for that properly. I think this is a topic that needs to be discussed more often. Give it a listen and let me know what you think! tysondcross.com linkedin.com/tycross81

On this episode we continue to discuss the first park we bought and how we found our manager. I get into a little bit of what makes a good manager and what you should look for. Also, what to look for when hiring your manager and how to tell if they are going to be good. Please follow me at: tysondcross.com linkedin.com/tycross81 Email me at tysoncrossre@gmail.com

On this episode I break down the first mobile home park my wife and I invested in and I talk about what I liked about the deal and what I didn't like. This gets into a little bit more about the investments I look for and what I believe makes up a good mobile home park from my point of view. Follow me at: tysondcross.com https://www.linkedin.com/in/tycross81/ #mobilehomeparkminute

The show is back! With a new title, new music and the same content. We're going to keep these shows shorter and to the point. If you are a new listener or have listened before, thank you!! We hope you enjoy. Please follow me at: tysondcross.com tysoncrossre@gmail.com https://www.linkedin.com/in/tycross81/ Please leave me feedback!

In this episode, I talk about the 3 main reasons why I believe mobile home park investing is the best form of real estate investing out there. I think if you're interested in getting into this space, the time is now! Thanks for listening and remember to reach out to me if you have questions. tysoncrossre@gmail.com tysondcross.com

I cannot emphasize the importance of meeting with park owners enough. Sure, direct mail and cold calling work, but what works even better and for the long term? Meeting with owners and developing relationships. Find those parks you want to buy and meet with the owners to develop those relationships so that when they are ready to sell, they think of you first. Reach out! I'd love to hear from you! tysondcross.com tysoncrossre@gmail.com

It takes a lot of hard work to find great deals in Mobile Home Park investing. Don't expect to go out and look at a few deals to find a good one. You need to look at a ton! In order to do that efficiently you should have a plan to help you eliminate whether a deal is a good one quickly. Here are the 3 things I do FIRST when evaluating a park.

Where do we buy parks? In our backyard or further? We break it down.

How can you start to look for parks if you don’t know what you’re looking for? It’s important when creating a marketing campaign to understand the type of park you are looking for. We talk about the importance of knowing what you want in a mobile home park before you start to search.