Podcast appearances and mentions of jefferson lilly

On this episode of the Passive Income Attorney podcast, Seth is joined by Jefferson Lilly as they talk about taking a contrarian point of view to find rare opportunities where you least expect them. Inside this episode, Seth and Jefferson take a deep dive and explore mobile home parks as a valuable and viable investment to the tune of $600K per month. Additionally, Jefferson gives away his secret to exponentially scaling your business by going from “irreplaceable” to “irrelevant.” Enjoy the episode! “The best way to generate income is to be come irrelevant to the business.” HIGHLIGHTS: -Jefferson's big discovery of mobile home parks -Why you must consider investing in mobile home parks -What makes mobile home parks better than multifamily -How mobile home parks could be the key to solving the affordable housing crisis -The resident-owned model vs. the park-owned model -A breakdown of Jefferson's criteria for a killer mobile home park deal -How to scale your business by going from irreplaceable to irrelevant -And so much more! ABOUT | JEFFERSON LILLY: Jefferson Lilly is the founder of Park Avenue Partners, a self-made millionaire, mobile home park investment expert, educator, and industry consultant. His fund owns 17 mobile home parks coast-to-coast, totaling over $32M in value. Before launching the fund, he spent seven years investing his own capital acquiring and operating mobile home parks. FIND | JEFFERSON LILLY: Website: https://www.parkavenuepartners.com/ LinkedIn: https://www.linkedin.com/in/jeffersonlilly/ Recent BiggerPockets Interview: https://www.biggerpockets.com/blog/biggerpockets-podcast-369-jefferson-lilly Podcast: http://mobilehomeparkinvestors.com/ ✈️ CONNECT | SETH BRADLEY:

On this episode of the Passive Income Attorney podcast, Seth is joined by Jefferson Lilly as they talk about taking a contrarian point of view to find rare opportunities where you least expect them. Inside this episode, Seth and Jefferson take a deep dive and explore mobile home parks as a valuable and viable investment to the tune of $600K per month. Additionally, Jefferson gives away his secret to exponentially scaling your business by going from “irreplaceable” to “irrelevant.” Enjoy the episode! “The best way to generate income is to be come irrelevant to the business.” HIGHLIGHTS: -Jefferson's big discovery of mobile home parks -Why you must consider investing in mobile home parks -What makes mobile home parks better than multifamily -How mobile home parks could be the key to solving the affordable housing crisis -The resident-owned model vs. the park-owned model -A breakdown of Jefferson's criteria for a killer mobile home park deal -How to scale your business by going from irreplaceable to irrelevant -And so much more! ABOUT | JEFFERSON LILLY: Jefferson Lilly is the founder of Park Avenue Partners, a self-made millionaire, mobile home park investment expert, educator, and industry consultant. His fund owns 17 mobile home parks coast-to-coast, totaling over $32M in value. Before launching the fund, he spent seven years investing his own capital acquiring and operating mobile home parks. FIND | JEFFERSON LILLY: Website: https://www.parkavenuepartners.com/ LinkedIn: https://www.linkedin.com/in/jeffersonlilly/ Recent BiggerPockets Interview: https://www.biggerpockets.com/blog/biggerpockets-podcast-369-jefferson-lilly Podcast: http://mobilehomeparkinvestors.com/ ✈️ CONNECT | SETH BRADLEY:

Welcome to another episode of the Raising Private Money podcast! In today's episode, we have an exciting discussion lined up for you. Our host, Jay Conner, is joined by a special guest, Jefferson Lilly, who is an expert in raising private money for real estate deals, particularly in the mobile home park niche.Get ready to dive into a fascinating conversation about this investment niche that is often overlooked and unknown to many. Jefferson Lilly, one of America's largest mobile home park owners and operators will share their insights and experiences, having raised millions of dollars in private money specifically for mobile home parks. With a portfolio of 43 parks across 15 states, valued at $81 million, Jefferson's expertise is second to none.Join us as we explore the unique dynamics of mobile home park investing, including the key factors that make it a compelling investment opportunity. Discover how this niche can provide stability, lower repair and maintenance costs, and limited competition due to regulatory restrictions on building new apartment buildings.But that's not all – this episode also delves into the art of Raising Private Money for real estate investments. Learn the strategies and secrets Jay & Jefferson had used to secure funding for their deals, whether single-family houses, multifamily properties, or mobile home parks.Whether you're an investor looking to raise private money or someone interested in being a passive real estate investor, this episode has something for you. Don't miss out on this valuable discussion that could shape your investment journey!Timestamps:1:01 - Raising Private Money For Mobile Home Park Investing2:38 - Private Money Academy Conference: Oct 25th, 26th & 27th, 2023https://www.JaysLiveEvent.com 6:44 - Mobile Home Park: Superior Multi-Family Asset Class9:31 - How Does Private Money Work With Mobile Home Business?12:55 - Most Transactions Require All The Cash14:40 - Lessons Learned In Raising Capital19:10 - Getting Involved In RE Investing Online Groups Starts With Giving First22:40 - Mobile Home Parks: Low Competition, Low Maintenance.26:34 - Restrictions Make New Mobile Home Parks Unfeasible.27:51 - Few New Mobile Home Parks, Stable Assets, Less Competition29:10 - Invest In Mobile Home Park: https://www.ParkAvenuePartners.com 31:11 - Connect With Jefferson Lilly: https://www.MobileHomeParkInvestors.com Connect With Jay Conner: Private Money Academy Conference: https://www.JaysLiveEvent.comFree Report:https://www.jayconner.com/MoneyReportJoin the Private Money Academy: https://www.JayConner.com/trial/Have you read Jay's new book: Where to Get The Money Now?It is available FREE (all you pay is the shipping and handling) at https://www.JayConner.com/Book What is Private Money? Real Estate Investing with Jay Connerhttp://www.JayConner.com/MoneyPodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $67,000 per deal.

In this episode of The MHP Broker's Tips and Tricks podcast, Maxwell Baker, president of The Mobile Home Park Broker, interviewed park owner Steve Case about his industry experience and involvement with SECO. This and every Tips and Tricks podcast episode is brought to you by The MHP Broker's' proprietary Community Price Maximizer. Use this four-step system to get the highest price possible for your mobile home park or RV community when you sell it through The MHP Broker. Guaranteed. Ask Max for details. Here Are the Show Highlights: - Steve Case has conducted numerous mobile home park transactions, and was a co-founder of the innovative and highly influential Mobile Home University series of educational programs. (Max, 1:10) - Steve started investing in mobile home parks while he was still an active-duty Air Force pilot planning his eventual retirement. In 1999 he became interested in the industry and started by networking with, and picking the brains of, legendary industry mentors Lonnie Scruggs and Lonnie Too. Steve bought his first park in 2000, after reading and studying Lonnie's book on the topic, and later ran a few deals with Lonnie. (Steve, 1:54) - Along with partner Corey Donaldson, Steve started Mobile Home Park University in 2004 as a prime industry educational resource. By the time he retired from the Air Force in 2006, Steve owned six or seven mobile home parks and about as many self-storage facilities, all of them in the Southeast. Through Mobile Home Park University, he brought in such industry heavy hitters as Lonnie, Dike Spottiford, Dave Reynolds and Frank Rolf to speak. They also ran boot camps for more in-depth industry training. (Dave, 2:50) - By 2008, Steve's commitments to a growing family led to him taking a backseat in the educational program. Eventually, he and Corey sold mobilehomeuniversity.com to Frank Rolf and Dave Reynolds. (Steve, 3:50) - In potentially running deals with their students, Frank and Dave run the program a little differently than Steve and his partner had, but it's just as informative and innovative. (Steve, 4:27) - One of the first things Max did after becoming a mobile home park broker was to take Frank and Dave's home study course. He found it to be very valuable. (Max, 5:22) - More recently, Steve was also a co-founder of the Southeast Community Owners (SECO), a very influential industry association and annual trade show to this day. The specific audience for SECO includes mom-and-pop mobile home park owners, rather than big corporate entities. SECO is a non-profit, and virtually every penny is raises goes to help support U.S. military veterans who are park residents in financial need. (Max, 6:16) - Steve had met Spencer Rohn, a fellow board member, when asked to join the board of the Georgia Manufactured Housing Association. He and Spencer discussed the need for establishing an organization that would address the education and networking needs of those who owned parks, as well as those who were considering buying or selling parks, or were otherwise interested in joining or growing their place in the industry. They founded SECO in around 2008, initially with as few as eight or ten participants, and it's steadily grown since as an important annual event. (Steve, 7:11) - Today, the name is misleading since the organization isn't exclusive to community owners in the Southeast U.S. anymore. They come from all over the country. In addition to park owners, attendees have included manufacturers, brokers, vendors and others even peripherally connected to the industry. While Steve went largely inactive by around 2018, Spencer asked him to take on the educational element of the program this year. In response, Steve put together a program of twelve educational sessions with park operators. (Steve, 8:03) - Speakers involved with this year's program, which will take place September 10-13 in Atlanta, include Ben Braband, Cole Phillips and Jefferson Lilly, among others. Whether you're a rookie or have been in the industry for years, there's something for all. One of the popular topics, for instance, is the importance of due diligence and how to do it right. (Steve, 9:08) - There will also be a series of round-tables which might include 700 to 800 participants this year. There will be two industry-expert hosts at each table, and participants can ask questions and get answers directly from the pros. (Steve, 10:04) - In addition to being a great networking and granular educational resource, SECO performs a valuable service to military vets in need. That's a no-brainers since so many of the people in the industry and involved with SECO are themselves military vets. That includes Max (U.S. Marines), Steve (U.S. Air Force), Dave Reynolds (Army), and Spencer Rohn (Navy), among others. (Max, 13:06) - A recent example of where SECO donations went is a vet in need of air conditioning in his home who wa helped through the referral of park owner David Roden. This year, since the event will take place over 9/11, the speakers will include two high-ranking military officers who are now involved in the industry. These are retired Air Force Lieutenant Colonel Scott Mann, and retired Marine Major Scott Using. Both have written highly respected books on the industry. (Steve, 13:30) - Scott Mann is routinely on Fox News and he spearheaded Operation Pineapple Express, which got people out of Afghanistan before it fell. (Steve, 14:45) - There will be no selling during the course of SECO. That's not its purpose. (Steve, 15:18) - This lack of promotion is what makes this show different than entrepreneurial events led by the likes of Tony Robbins,and Grant Carbone. While those shows are great in their own way, the ultimate purpose is to upsell additional information or activities. That's not how SECO operates. (Max, 15:34) - While it might be too late to attend this year's show (unless you happen to live in or near Atlanta), you can join SECO at any time so you can be sure you're in attendance next year and beyond. Just go to the website at secoconference.com to learn more and to join. (Steve, 19:45) - You can also reach out directly to Max and he'll tell you how to join SECO and answer all of your questions. (Max, 20:12) Thinking of joining SECO? You should be if you're currently involved in the mobile home industry in any way, or plan to be. You can call Max atThe Mobile Home Park Broker, learn more about SECO and our innovative Community Price Maximizer platform to optimize your park value and sale price. Just drop Max Baker a line at info@themhpbroker.com or give him a call at (678) 932-0200. Power Quotes in This Episode: (About Mobile Home University) “And we just had a blast teaching people about the industry that were new to it, maybe coming from the multifamily or office space, and we did a few boot camps along the way and it was a great time.” (Steve, 2:50) “...that was the very first thing I did when I jumped into mobile home park brokerage. I bought (new Mobile Home University owners) Frank and Dave's home study course. I mean, it's a great course, man, and if they were able to absorb the stuff that you were doing and during that time, man, the course has been pretty amazing over the years, and it's gotten better and better.” (Max, 5:22) “We came up with an idea, Spencer, myself and another operator up in the northern part of Georgia, to get together just for a day, get as many community owners as we could to get together and talk about how we could help each other out with different tips, techniques, things that we were experiencing. I think at that first meeting there was eight or ten of us. I think it was in 2007, it could have been 2008. After that we did this annual thing that kept growing and growing.” (Steve, 7:11) “Spencer has done a phenomenal job in expounding upon it, bringing in manufacturers, bringing in vendors like yourself, the brokers, the different lenders, service agencies, those sorts of things, putting them all into what we call a convention.” (Steve, 8:30) “So I think this year is going to be the best educational platform we've ever had.” (Steve, 10:04)

Jefferson is a mobile home park investment expert and educator. He is the founder of Park Avenue Partners. a private equity real estate fund that acquires and operates mobile home parks nationwide. His investment funds are returning 10% - 15% IRRs to Limited Partners. Both personally and through his partnerships, Jefferson has acquired 31 MHPs in 15 states since 2007 totaling over $7lmm in value. He started the industry's first MHP podcast and the largest group on LinkedIn dedicated to investing in mobile home parks. Prior to beginning to manage investors' money in 2014, Jefferson spent seven years investing his own capital in mobile home parks and consulting to high-net-worth families with interests in the manufactured housing industry. Jefferson has been featured in The New York Times, Bloomberg Magazine, and on the Real Money television show. He holds a B.A. from the University of Pennsylvania and an MBA from the Wharton School of Business. Get in touch with Jefferson: Park Avenue Partners website: https://www.parkavenuepartners.com/ LinkedIn: https://www.linkedin.com/in/jeffersonlilly/ For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk PreReal™, Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call (718)200-7799. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prerealestate #RealEstate #Tips #PreReal

In this episode, Mo Bina is joined by guest Jefferson Lilly, founder, and managing partner of Park Avenue Partners, a company focused on expanding the supply of affordable housing. Jefferson believes that growing a business means making himself irrelevant as an owner. It means hiring people to do all the needed processes in the business operations. It also means placing a system for accountability, so you know the status of your business, if all the rent has made it into your bank account, how many tenants have not paid, whether they were given late notice, etc. He also shares how he started and how he scaled his business. To learn more about how Jefferson did it, tune in and enjoy!   In this episode, Jefferson talks about… Why mobile home parks are the best investment niche within real estate. Helping potential owners connect with a lender or finance How people are changing their perception of mobile home parks. What are mobile home parks 1.0 and 2.0? How do you see the mobile home park space moving forward?   About Jefferson Lilly… Jefferson Lilly is the founder and managing partner of Park Avenue Partners, which acquires and improves mobile home parks to expand the supply of affordable housing. It is their mission to generate above-average risk-adjusted returns for their limited partners and increase the supply of affordable housing for low-income Americans.   Catch Jefferson Lilly on… Website:     https://www.parkavenuepartners.com/ Connect with Mo Bina on… Website:          https://www.high-risecapital.com/ Medium:          https://mobina.medium.com/ YouTube:        https://www.youtube.com/channel/UC5ISsEKBHlkX7lk9b68SKLA/featured Instagram:      https://www.instagram.com/highrisecapital/ For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index    

Today's Flash Back Friday Episode is from Episode #31, which originally aired on August 04, 2014 Jefferson Lilly is a mobile home park investment expert, educator, and industry consultant who has been featured in the New York Times and Bloomberg Magazine.  Prior to co-founding Park Street Partners in 2013, Mr. Lilly spent seven years investing his own capital at Lilly & Company where he acquired and continues to operate mobile home parks in the Midwest, and consults to mobile home park owners in California.   Prior to becoming an investor full-time, Jefferson spent 10 years in sales leadership roles with several venture-backed startup companies in Silicon Valley that were acquired by Openwave Systems and VeriSign.  Earlier in his career he held operational roles at Viacom and was a consultant with Bain & Company.   In this episode, Jefferson shares with us the Top 10 mistakes he made when getting started in this business with the hopes that you can learn from his mishaps and avoid these same pitfalls Recommended Resources:  Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.  Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.  Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

Jefferson is a mobile home park investment expert and educator. He is the founder of Park Avenue Partners. a private equity real estate fund that acquires and operates mobile home parks nationwide. His investment funds are returning 10% - 15% IRRs to Limited Partners. Both personally and through his partnerships, Jefferson has acquired 31 MHPs in 15 states since 2007 totaling over $7lmm in value. He started the industry's first MHP podcast and the largest group on LinkedIn dedicated to investing in mobile home parks. Prior to beginning to manage investors' money in 2014, Jefferson spent seven years investing his own capital in mobile home parks and consulting to high-net-worth families with interests in the manufactured housing industry. Jefferson has been featured in The New York Times, Bloomberg Magazine, and on the Real Money television show. He holds a B.A. from the University of Pennsylvania and an MBA from the Wharton School of Business. Get in touch with Jefferson: Park Avenue Partners website: https://www.parkavenuepartners.com/ LinkedIn: https://www.linkedin.com/in/jeffersonlilly/ For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk PreReal™, Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call (718)200-7799. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prerealestate #RealEstate #Tips #PreReal

On this encore episode of the Passive Income Attorney podcast, Seth is joined by Jefferson Lilly as they talk about taking a contrarian point of view to find rare opportunities where you least expect them. Inside this episode, Seth and Jefferson take a deep dive and explore mobile home parks as a valuable and viable investment to the tune of $600K per month. Additionally, Jefferson gives away his secret to exponentially scaling your business by going from “irreplaceable” to “irrelevant.” Enjoy the episode! “The best way to generate income is to become irrelevant to the business.” HIGHLIGHTS: -Jefferson's big discovery of mobile home parks -Why you must consider investing in mobile home parks -What makes mobile home parks better than multifamily -How mobile home parks could be the key to solving the affordable housing crisis -The resident-owned model vs. the park-owned model -A breakdown of Jefferson's criteria for a killer mobile home park deal -How to scale your business by going from irreplaceable to irrelevant -And so much more! ABOUT | JEFFERSON LILLY: Jefferson Lilly is the founder of Park Avenue Partners, a self-made millionaire, mobile home park investment expert, educator, and industry consultant. His fund owns 17 mobile home parks coast-to-coast, totaling over $32M in value. Before launching the fund, he spent seven years investing his own capital in acquiring and operating mobile home parks. FIND | JEFFERSON LILLY: Website: https://www.parkavenuepartners.com/ LinkedIn: https://www.linkedin.com/in/jeffersonlilly/ Recent BiggerPockets Interview: https://www.biggerpockets.com/blog/biggerpockets-podcast-369-jefferson-lilly Podcast: http://mobilehomeparkinvestors.com/ CONNECT | SETH BRADLEY: Get Started | Download The Freedom Blueprint: http://www.attorneybydesign.com Subscribe and Leave a Rating and Review: Apple: https://podcasts.apple.com/us/podcast/the-passive-income-attorney-podcast/id1543049208  Spotify: https://open.spotify.com/show/5a0Qp9G2x337nZCDWoVgoO?si=MKn01_t8Tfu0JBZCnagrCw  Join EPIC | The Esquire Passive Investor Club: https://passiveincomeattorney.com/join-the-passive-income/ Join | The Passive Income Attorneys Facebook Group: https://www.facebook.com/groups/passiveincomeattorneys Follow Us: Website:  https://passiveincomeattorney.com/  LinkedIn: https://www.linkedin.com/in/sethpaulbradley/  Facebook: https://www.facebook.com/passiveincomeattorney Instagram: https://www.instagram.com/passiveincomeattorney/

On this encore episode of the Passive Income Attorney podcast, Seth is joined by Jefferson Lilly as they talk about taking a contrarian point of view to find rare opportunities where you least expect them. Inside this episode, Seth and Jefferson take a deep dive and explore mobile home parks as a valuable and viable investment to the tune of $600K per month. Additionally, Jefferson gives away his secret to exponentially scaling your business by going from “irreplaceable” to “irrelevant.” Enjoy the episode! “The best way to generate income is to become irrelevant to the business.” HIGHLIGHTS: -Jefferson's big discovery of mobile home parks -Why you must consider investing in mobile home parks -What makes mobile home parks better than multifamily -How mobile home parks could be the key to solving the affordable housing crisis -The resident-owned model vs. the park-owned model -A breakdown of Jefferson's criteria for a killer mobile home park deal -How to scale your business by going from irreplaceable to irrelevant -And so much more! ABOUT | JEFFERSON LILLY: Jefferson Lilly is the founder of Park Avenue Partners, a self-made millionaire, mobile home park investment expert, educator, and industry consultant. His fund owns 17 mobile home parks coast-to-coast, totaling over $32M in value. Before launching the fund, he spent seven years investing his own capital in acquiring and operating mobile home parks. FIND | JEFFERSON LILLY: Website: https://www.parkavenuepartners.com/ LinkedIn: https://www.linkedin.com/in/jeffersonlilly/ Recent BiggerPockets Interview: https://www.biggerpockets.com/blog/biggerpockets-podcast-369-jefferson-lilly Podcast: http://mobilehomeparkinvestors.com/ CONNECT | SETH BRADLEY: Get Started | Download The Freedom Blueprint: http://www.attorneybydesign.com Subscribe and Leave a Rating and Review: Apple: https://podcasts.apple.com/us/podcast/the-passive-income-attorney-podcast/id1543049208  Spotify: https://open.spotify.com/show/5a0Qp9G2x337nZCDWoVgoO?si=MKn01_t8Tfu0JBZCnagrCw  Join EPIC | The Esquire Passive Investor Club: https://passiveincomeattorney.com/join-the-passive-income/ Join | The Passive Income Attorneys Facebook Group: https://www.facebook.com/groups/passiveincomeattorneys Follow Us: Website:  https://passiveincomeattorney.com/  LinkedIn: https://www.linkedin.com/in/sethpaulbradley/  Facebook: https://www.facebook.com/passiveincomeattorney Instagram: https://www.instagram.com/passiveincomeattorney/

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Jefferson Lilly says barriers to mobile home parks cruelly limit housing supply. Mobile home parks are a way for low-income families to have ownership. Government is basically making new mobile home parks illegal hurting the poor. The good news is limited supply and high demand make mobile home parks a good investment for investors

The Investor Relations Real Estate Podcast Episode 44 - This Is Why Mobile Home Parks Are A Great Investment Host: Jonny Cattani Guest: Jefferson Lilly Producer: April MunsonJonny Cattani is joined by Jefferson Lilly to discuss: Affordable housing Investing in mobile home parks Property management Investing in funds Jefferson is a mobile home park investment expert and educator. He is the founder of Park Avenue Partners, a private equity real estate fund that acquires and operates mobile home parks nationwide. His investment funds are returning 10% - 15% IRRs to Limited Partners. Both personally and through his partnerships, Jefferson has acquired 31 MHPs in 15 states since 2007 totaling over $71mm in value. He started the industry's first MHP podcast and the largest group on LinkedIn dedicated to investing in mobile home parks. Prior to beginning to manage investors' money in 2014, Jefferson spent seven years investing his own capital in mobile home parks and consulting to high-net-worth families with interests in the manufactured housing industry. Jefferson has been featured in The New York Times, Bloomberg Magazine, and on the Real Money television show. He holds a B.A. from the University of Pennsylvania and an MBA from the Wharton School of Business. Linked material referenced during the show: Book: Snowball - Warren Buffett and The Business Of Life - Alice Schroeder https://www.amazon.com/The-Snowball-Alice-Schroeder-audiobook/dp/B001GSJSC6/ref=sr_1_1?crid=1OI64II70EB6Q&keywords=snowball&qid=1653479206&s=audible&sprefix=snowball%2Caudible%2C105&sr=1-1Connect with Jefferson!Website: https://www.parkavenuepartners.comWebsite: http://mobilehomeparkinvestors.comPodcast: https://podcasts.apple.com/us/podcast/mobile-home-park-investors-with-jefferson-lilly-brad/id1069263193LinkedIn: https://www.linkedin.com/in/jeffersonlilly/Connect with Jonny!Cattani Capital Group: https://cattanicapitalgroup.com/Invest with us: invest@cattanicapitalgroup.comLinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179/Johnny's Instagram: https://www.instagram.com/jonnycattani/IRR Podcast Instagram: https://www.instagram.com/theirrpodcast/TikTok:https://www.tiktok.com/@jonnycattani?lang=enYouTube: https://www.youtube.com/channel/UCljEz4pq_paQ9keABhJzt0AFacebook: https://www.facebook.com/jonathan.cattani.1

Are you a Silicon Valley executive? Should you leave such a lucrative career to invest in real estate? Well, Todd Sulzinger did, and he's flourishing in his new role as the President of Blue Elm Investments, which helps investors acquire mobile home parks that can grow their wealth.  Todd took an unusual transition to real estate investing. That's why he is kind enough to share his reasons for jumping into real estate, the benefits of investing in mobile home parks, and a few outlooks that aspiring investors should consider when going into this niche. He is also a part of the book collaboration called, Success Habits of Super Achievers.   [00:01 - 02:58] Opening Segment Why Todd Sulzinger leave the Silicon Valley for mobile home park investments His story behind this unusual transition How he educated himself about mobile home parks [02:59 - 12:14] Investing in Mobile Home Parks These are the lessons that Tood learned from his very first deal on mobile home parks Mobile home park owners don't want park-owned homes, but Todd does Here's why Todd talks about tenant turnover in mobile home parks He gives his outlook on the mobile home park business in the next 12 months [12:15 - 14:08] Closing Segment A real estate mistake you want our listeners to avoid Not taking action Don't fall into analysis paralysis Your way to make the world a better place Volunteering to buy other people food Reach out to Todd  See links below  Final words   Tweetable Quotes “Make sure you can get inside all of the vacant park-owned homes and if you can't, that can potentially be a deal killer. ” - Todd Sulzinger “That would be definitely one of the advantages of [the] tenant-owned home model. If somebody owns their home, they're likely to stay in that house.” - Todd Sulzinger “I would say another big mistake that I see people make is not taking action… I think the only thing to do is put a stake in the ground and after you've done as much analysis as you need to, go in and take that step and actually acquire real estate.” - Todd Sulzinger   -----------------------------------------------------------------------------   Email todd@blueelminvestments.com to connect with Todd or follow him on LinkedIn. Visit Blue Elm Investments to invest in mobile home parks and grow your wealth! Connect with me:   I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook   LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below: Todd Sulzinger  00:00 If you're going into buying a park with park-owned homes to really make sure you can get inside those, that's the condition. I would say another big mistake that I see people make is not taking action just kind of going into that analysis paralysis mode of, you know, waiting to find out is it the right market is the right time. And I think the only thing to do is you know, put a stake in the ground and after you've you know, done as much analysis as you need to go in and take that step and actually acquire real estate.    Sam  00:25 Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we will teach you how to scale your real estate investing business into something big.   Sam Wilson  00:36 Todd Sulzinger is a former Silicon Valley finance executive-turned-real estate investor and CEO of Blue elm investments, a private equity real estate firm currently focused on mobile home parks. Welcome to the show. There are three questions I asked every guest who comes on the show. In 90 seconds or less, can tell me where did you start? Where are you now and how did you get there?   Todd Sulzinger  00:54 I grew up in San Jose, California, went to San Jose State University jumped into a corporate finance career spent a few years working in the UK for this one particular company came back here, you know, continue to try to chase the Silicon Valley IPO dream and, you know, ended up kind of over a multi-year period of time deciding I wanted to focus on real estate and made a transition a couple of years ago out of my corporate finance role into working on real estate full time do putting together syndications and have made a focus over the last couple of years focusing on mobile home parks.   Sam Wilson  01:26 That's really, really intriguing. I mean, when I think of Silicon Valley finance executive, I don't think mobile home parks.   Todd Sulzinger  01:35 It's not a typical transition. I know, I did have another pretty big player in the mobile home park space by the name of Jefferson Lilly who has his own fund and has a great podcast. And he also had a tech background and made the transition into mobile home parks. And just through some, you know, investigation, research, and connections that I've made and relationships I built, as I was looking into what asset class to work with, I ended up kind of making my way to mobile home parks, definitely wasn't where I thought I would end up when I started.   Sam Wilson  02:03 What are some things you did to get comfortable with that asset class?    Todd Sulzinger 02:07 Well, it was good, probably a couple of years of research, you're reading books, listening to podcasts, you know, learning about real estate in general, along with getting educated on how to actually put together real estate syndications. And then I found some early investors that I was working with, that wanted to get involved in mobile home parks just because they had also heard about some of the benefits of that asset class. Around that same time, I got connected with a mobile home park consulting company, also based here in California that consults on parks across the country. And they're a couple of hours away from where I live. So once I connected with them, I knew I could bring my passion for real estate and finance background long was their expertise in the mobile home park business and merge those two together and just started talking to brokers and looking for deals around the country and finally found my first parks in Georgia a couple of years ago.   Sam Wilson  02:59 That's very, very interesting. Well, walk us through that first deal. What did that look like? Where is it now? What have been some things you've learned?   Todd Sulzinger 03:06 Oh, yes, the parks that I bought, there were 71 spaces across two parks about a mile from each other in a town called Milledgeville, Georgia. And, you know, it took me I would say, probably, you know, maybe eight or nine months to find those parks I made offers on a couple of different parks, some that either didn't get accepted because I was outbid. A couple of other ones that fell through just because of, you know, through the due diligence, decided not to move forward and actually found these parks through the MHP Broker, one of the big nationwide brokerage firms. And that's one thing interesting about the mobile home park space is there, you know, there's a few brokers that focus on mobile home parks. Now there are commercial brokers that might every now and then get a listing even some residential brokers, oftentimes, because it might be a mom-and-pop owner that just has a relationship with a local real estate agent and says, “Hey, can you list my park for me?” So a lot of different ways you can find a park. So I found these parks that they were they had kind of a great value add component because the guy that had run the park hadn't raised rents, and he had claimed he had not raised rents in the 15 years that he had owned the park. So rents were below market, there were some vacant spaces and some vacant homes. We had the ability to get seller financing to purchase the park. So yeah, so there were just those couple components that led us down the path that had us go ahead and close on those the first deal I put together.   Sam Wilson  04:23 Yeah, tell me some things you learned on that project?    Todd Sulzinger 04:26 Well, so the project was, you know, the timing, unfortunately, wasn't great. We bought the park at the, in September of 2019. And that we're just starting our turnaround process. One of the first things we had to do was all the tenants were paying in cash, because, you know, the owner may or may not have been claiming all of the income that was coming in not sure. But those records weren't clear. So we had to convert people over to not paying in cash. So that took a little bit of time had to swap out managers, this kind of leading into 2020 and then the COVID hit so you know during that time once the eviction courts were closed it really, they did hamper our ability to, you know, get some of the tenants were paying out. Some people's jobs were affected by the pandemic, other ones took advantage of the situation that courts were closed and they couldn't be evicted. So that, you know, things kind of slowed down in our turnaround. I think one of the things that I learned through that process was we were able to get inside quite a few of the park-owned homes. This park was 71 spaces that, it came with about 55 Park owned homes. And during the due diligence process, we weren't able to get inside every one of the homes, we had the seller sign a separate affidavit to say there's no significant structural, electrical, you know, roofing defects at the homes, and he happily signed it. Once we took over, we found that there was a lot more damage to the homes and you know, kind of maintenance needed to go to the homes to get those really livable. And once we took over a lot of attempts were like, “Hey, this is like new companies here.” Now we're going to start you know, bringing into them all of our maintenance requests. So big lesson learned there was to do, you know, really be able to make sure you can get inside all of the vacant park-owned homes and if you can't, that can potentially be a deal killer.    Sam Wilson  06:06 Right? Yeah, man, those types of things you'd eat you alive. You know, most of the time, Todd, you find that, you know, mobile home park owners don't want to own park-owned homes. But yet you took down a park that was you know, chock full of park-owned homes, Are you actively trying to get out of that? Or is this the business model you want to implement?   Todd Sulzinger 06:26 It's really the business model that we wanted to implement. And this was really from some of the guidance of this mobile home park consulting firm I worked with who's been in the business for 15 plus years. And they've really found that while there's you know, more kind of more brain damage, more headache, potentially more work around a situation where the park owns the homes because you have to take care of the maintenance. So kind of, you know, dealing with, you know, tenant calls, whatever goes on with maintenance on a house is similar to how you would if you owned a single-family house or an apartment building. But if you have a good onsite manager and maintenance team who can handle those know how to kind of manage that tenant base as well as that kind of park, then oftentimes, in certain markets, like the ones I'm in Georgia, where the house rents are between, say, 500, 600 dollars in a market where the lot rents are $200. So you might be getting a three to $400 spread per month per house. So let's say you know, even round down to an additional $4,000 a year, it's typically not going to cost $4,000 a year to maintain the home to you know, deal with a clogged toilet, and you know, changing lightbulbs, and even additional turnover that's associated with having park-owned homes. So really, this is kind of the business model you want to have. I know there's a lot of park operators that really want to focus on parks that only have tenant-owned homes, or if they buy parks with park-owned homes want to try to sell those to the tenants as soon as possible just to collect a lot rent. So you know, there's not there's pros and cons to both models. It really depends on what kind of, you know what kind of park you decide you want to run.   Sam Wilson  07:57 Right? Yeah, that's absolutely intriguing. That sounds more when you have that many park-owned homes, you would need more boots on the ground, I would assume?   Todd Sulzinger  08:06 Yes, definitely. Like the parks in Georgia, we actually have a husband and wife team in the park that take care of both kind of day to day management showing up to tenants collecting rents, as well as somebody who's kind of actively doing a combination of tenant calls that come up for regular maintenance issues. Or if somebody they came to home actually going in and doing those turns on the unit. And sometimes if it's a maybe more difficult project, you might need to bring in a crew to kind of do a bigger rehab that, you know, it seems like at the high end, we've seen 10 or $12,000 if the home is in really bad shape for us to get it ready for a tenant. Sometimes it might just be a couple $1,000 if there's maybe some walls that need to be repaired, potentially some floors that need to be replaced various things like that. So yes, definitely. You've got to have, you know, more people on-site to be able to handle those maintenance issues.   Sam Wilson  08:55 What's the deal that you have with the husband and wife team? They live on-site and they get free rent? What's that mean? How does that work?   Todd Sulzinger  09:02 Yeah, so they live on-site, they get free rent, and then we pay an hourly wage to them for the time they're spending working at the park.   Sam Wilson  09:10 Wow, that's great. Probably for them. And for you really in the end. What about I mean, unit turns? I guess that'd be another question. I have how often with a park-owned home does, do you have a you know, tenant turnover? I would obviously do more often than you would if it were just straight lot rent. But what's the stickiness of the tenant?   Todd Sulzinger  09:30 Yeah, so that would be definitely one of the advantages of tenant-owned home model. If somebody owns their home, they're likely to stay in that house. You know, even if lot rents increase because of the cost of moving a house to a different park. If you can find a park with a vacant lot could be three, four or $5,000. They are stickier. So you do have higher turnover. You know, we kind of build into our financial models a 10% vacancy rate, again, kind of like depending on the market, depending on the timeframe, you might see higher or lower numbers in that. We've seen that you know because of COVID and eviction moratoriums that happen, it was really been kind of hard for us to gauge what an average is because we had tenants that were, you know, staying in the park some cases for over a year and not paying rent because they couldn't be evicted. In a normal market, you know, maybe they would have started paying because they, you know, didn't want to be evicted and tried to find another place to live, or they would have, you know, moved out as soon as they knew they were going to be evicted. So because I've owned my parks kind of, you know, 80% of the time, during the pandemic, we haven't really seen good enough trends to be able to make an assessment of what that looks like.   Sam Wilson  10:33 That's really, really intriguing. What do you see your business looking like in the next 12 months,   Todd Sulzinger  10:39 I recently closed on a park in Arkansas, in Northern Arkansas in October last year. So that was a park that's about 80% occupied but still needs some cleanup. In terms of, you know, swamp just kind of a lot of debris and mess around the park, things get cleaned up, a lot of the homes haven't been maintained well through the years from the by the previous owners. So we need to kind of go in and clean the park up, improve the reputation. And again, it's a slow process, like you know, every month making progress, getting vacant homes, rehabbed, you know, trying to find new tenants for those homes, and then also slowly trying to clean up the look and feel of the park. So that's going to be you know, a big project, I'll work on the, you know, over the next year to really stabilize that park and increase the occupancy. And then you know, outside of mobile home parks, I've been, you know, talking to my investors about different opportunities in the mortgage note space, I've invested personally in mortgage note funds in the past, and I'm looking into possibly putting together a fund around those because I've invested those personally, it's kind of a great asset class because it's kind of a more consistent, safer income, you know, less upside potential, but still something backed by real estate. So that's something I'm looking into for the next year.   Sam Wilson  11:49 Man, that's fantastic. I love that I love what you've done, you know, you take an action, you've gone out, you've purchased several parks, you've certainly earned your stripes early on. So that, you know, hopefully get those behind us. And yeah, just love what you've done. So far, the mobile home park space and, you know, also keeping track of where you go also in the mobile or in the mortgage notes space. So tons of fun, Todd, I've certainly enjoyed this. Let's jump into a final few questions here. What is one mistake you can help our listeners avoid? And how would you avoid it?   Todd Sulzinger  12:15 Yeah, one mistake that I did mention in terms of it, like if you're going into buying a park with park-owned homes to really make sure you can get inside those. That's the condition. I would say another big mistake that I see people make is not taking action, just kind of going into that analysis paralysis mode of, you know, waiting to find out is it the right market is the right time. And I think the only thing to do is you know, put a stake in the ground and after you've, you know, done as much analysis as you need to go in and take that step and actually acquire real estate.   Sam Wilson  12:42 Right. Yeah, absolutely. I love that when it comes to investing in the world. What's one thing you're doing right now to make the world a better place?   Todd Sulzinger  12:49 One thing I do pretty regularly is I volunteer for that, with a Second Harvest Food Bank doing grocery deliveries. So they've got a great program where they, you know, delicate, take donations from people to, to buy food for families that can't afford it. And they have a great program where you can volunteer to actually go to their site, pick up a bunch of groceries and kind of go around town and make deliveries. So that's something I've been doing for a while. That's a lot of fun.   Sam Wilson  13:10 That's awesome. I love it, Todd, if our listeners want to get in touch with you or learn more about you, what's the best way to do that?   Todd Sulzinger  13:16 Yeah, my company name is Blue Elm Investments. That's Todd@BlueElmInvestments.com. So reach out there. I've got an investor club link that you can click on if you want to find more about passive investment opportunities. I was also part of a book collaboration last year called Success Habits of Super Achievers. And if you go to my website, there's a download link to get a copy of the ebook.   Sam Wilson  13:39 That is fantastic. Todd, thanks so much for your time today. I do appreciate that.   Todd Sulzinger  13:42 Thanks, Sam. Awesome.   Sam Wilson  13:43 Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen, if you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners, as well as rank higher on those directories. So I appreciate you listening. Thanks so much and hope to catch you on the next episode.  

Jefferson acquires and improves mobile home parks nationwide to expand the supply of affordable housing. He's raised $38 million dollars from over 200 Accredited Investors to acquire 36 mobile home parks.Join Our Passive Investor NetworkDownload Our Passive Investor Guide to Multifamily SyndicationsWE DISCUSS:How he started investing in mobile home parks.How he got his first deal.How he found mentors in his field.The focus of their business today.Their target market.What passive investors should expect from a mobile home park deal?His biggest challenge.His biggest win.His best advice for someone just starting.KEY QUOTE:“There are no bad mobile home parks to buy, there are only bad prices to pay. We're always considering what's the upside and what's the pricing.”CONNECT WITH OUR GUEST:Visit their website at parkavenuepartners.comCONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHARE

Few asset classes have both increased consumer demand and not only limited, but reduced supply. That's what makes Mobile Home Parks such a great investment. Mobile Home Parks are also the ultimate in affordable housing and a great hedge against economic downturns. The category also remains highly fractured so the opportunities for acquisition continue to abound. Today's guest, Jefferson Lilly, founder of Park Avenue Partners, has been buying Mobile Home Parks since 2007 and has generated great returns for his investors.

On this episode of the Passive Income Attorney podcast, Seth is joined by Jefferson Lilly as they talk about taking a contrarian point of view to find rare opportunities where you least expect them. Inside this episode, Seth and Jefferson take a deep dive and explore mobile home parks as a valuable and viable investment to the tune of $600K per month. Additionally, Jefferson gives away his secret to exponentially scaling your business by going from “irreplaceable” to “irrelevant.” Enjoy the episode! “The best way to generate income is to be come irrelevant to the business.” HIGHLIGHTS: -Jefferson's big discovery of mobile home parks -Why you must consider investing in mobile home parks -What makes mobile home parks better than multifamily -How mobile home parks could be the key to solving the affordable housing crisis -The resident-owned model vs. the park-owned model -A breakdown of Jefferson's criteria for a killer mobile home park deal -How to scale your business by going from irreplaceable to irrelevant -And so much more! ABOUT | JEFFERSON LILLY: Jefferson Lilly is the founder of Park Avenue Partners, a self-made millionaire, mobile home park investment expert, educator, and industry consultant. His fund owns 17 mobile home parks coast-to-coast, totaling over $32M in value. Before launching the fund, he spent seven years investing his own capital acquiring and operating mobile home parks. FIND | JEFFERSON LILLY: Website: https://www.parkavenuepartners.com/ LinkedIn: https://www.linkedin.com/in/jeffersonlilly/ Recent BiggerPockets Interview: https://www.biggerpockets.com/blog/biggerpockets-podcast-369-jefferson-lilly Podcast: http://mobilehomeparkinvestors.com/ CONNECT | SETH BRADLEY: Get Started | Download The Freedom Blueprint: http://www.attorneybydesign.com Subscribe and Leave a Rating and Review: Apple: https://podcasts.apple.com/us/podcast/the-passive-income-attorney-podcast/id1543049208  Spotify: https://open.spotify.com/show/5a0Qp9G2x337nZCDWoVgoO?si=MKn01_t8Tfu0JBZCnagrCw  Join EPIC | The Esquire Passive Investor Club: https://passiveincomeattorney.com/join-the-passive-income/ Join | The Passive Income Attorneys Facebook Group: https://www.facebook.com/groups/passiveincomeattorneys Follow Us: Website:  https://passiveincomeattorney.com/  LinkedIn: https://www.linkedin.com/in/sethpaulbradley/  Facebook: https://www.facebook.com/passiveincomeattorney Instagram: https://www.instagram.com/passiveincomeattorney/  

On this episode of the Passive Income Attorney podcast, Seth is joined by Jefferson Lilly as they talk about taking a contrarian point of view to find rare opportunities where you least expect them. Inside this episode, Seth and Jefferson take a deep dive and explore mobile home parks as a valuable and viable investment to the tune of $600K per month. Additionally, Jefferson gives away his secret to exponentially scaling your business by going from “irreplaceable” to “irrelevant.” Enjoy the episode! “The best way to generate income is to be come irrelevant to the business.” HIGHLIGHTS: -Jefferson's big discovery of mobile home parks -Why you must consider investing in mobile home parks -What makes mobile home parks better than multifamily -How mobile home parks could be the key to solving the affordable housing crisis -The resident-owned model vs. the park-owned model -A breakdown of Jefferson's criteria for a killer mobile home park deal -How to scale your business by going from irreplaceable to irrelevant -And so much more! ABOUT | JEFFERSON LILLY: Jefferson Lilly is the founder of Park Avenue Partners, a self-made millionaire, mobile home park investment expert, educator, and industry consultant. His fund owns 17 mobile home parks coast-to-coast, totaling over $32M in value. Before launching the fund, he spent seven years investing his own capital acquiring and operating mobile home parks. FIND | JEFFERSON LILLY: Website: https://www.parkavenuepartners.com/ LinkedIn: https://www.linkedin.com/in/jeffersonlilly/ Recent BiggerPockets Interview: https://www.biggerpockets.com/blog/biggerpockets-podcast-369-jefferson-lilly Podcast: http://mobilehomeparkinvestors.com/ CONNECT | SETH BRADLEY: Get Started | Download The Freedom Blueprint: http://www.attorneybydesign.com Subscribe and Leave a Rating and Review: Apple: https://podcasts.apple.com/us/podcast/the-passive-income-attorney-podcast/id1543049208  Spotify: https://open.spotify.com/show/5a0Qp9G2x337nZCDWoVgoO?si=MKn01_t8Tfu0JBZCnagrCw  Join EPIC | The Esquire Passive Investor Club: https://passiveincomeattorney.com/join-the-passive-income/ Join | The Passive Income Attorneys Facebook Group: https://www.facebook.com/groups/passiveincomeattorneys Follow Us: Website:  https://passiveincomeattorney.com/  LinkedIn: https://www.linkedin.com/in/sethpaulbradley/  Facebook: https://www.facebook.com/passiveincomeattorney Instagram: https://www.instagram.com/passiveincomeattorney/  

You hear Brandon Turner's voice quite often on the BiggerPockets Real Estate Podcast, but rarely is it heard advising new investors. Today, Brandon is taking on three live “coaching calls” with three investors, all in different stages of their investing career. Brandon and the guests talk through topics like scaling your business, branding your real estate company, and when the right time to hire is.These investors have portfolios ranging from a few units to more than forty, making this an episode that any investor can listen to, no matter where they're at in their real estate investing journey. This advice is hand-tailored for each investor, and comes from someone who has made it out of that “awkward teenage investing” phase.In This Episode We Cover:How to hire out property management when your portfolio begins to growAppealing to higher authority when you have to make tough decisionsActing like you own the portfolio you're trying to scale toBranding your real estate company so people can trust you and invest with youStarting your own meetup if you don't find one that clicksUnderstanding that “everything gets easier as you grow”And So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelThe BiggerPockets Bundle GiveawayCozyApartments.comRing CentralGoogle VoiceMobile Home Park Investors with Jefferson Lilly & Brad JohnsonThe Mobile Home Park Investing Podcast with Kevin BuppPay Near MeBiggerPockets Facebook PageBiggerPockets Facebook GroupBiggerPockets InstagramAirbnbAre Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! (Youtube Video)BiggerPockets ConferenceEmail Your Questions: podcast@biggerpockets.comJoe's BiggerPockets ProfileJoe's InstagramJoe's Facebook PageCheck the full show notes here: https://www.biggerpockets.com/show505See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Mobile home parks go back to the early years of cars and motorized highway travel until they evolved through time and became one of the housing options in the country. For real estate investors, this asset class can be a good option just like single-family and multifamily homes. In this Highlights episode, we look back at our conversations with John Jacobus and Jefferson Lilly, who both found success in mobile home parks investing.John debunks the negative stigma on mobile home parks as he shares his first deal and why it is worth investing in. With an investment philosophy rooted in the principles of value investing, he shares the major value levers and framework of his initial business plan for mobile home parks and the challenges that come along with the syndication business. Meantime, Jefferson goes in-depth on mobile home park syndication and shares some tips on what to look for when it comes to selecting mobile home parks. Click the play button now and find out if mobile home park investing is the one for you!

Where to find mobile home parks dealsThe mobile home park communityRaising money to investWhat kind of deals to look forRent-and-own business modelsHow to recognize a good dealLife and Money Impact RoundWhat is the one thing to do now to live a meaningful and intentional life by design?What is one life or money hack that you can share to make an impact on others' lives?One thing to do right now to make the world a better placeABOUT JEFFERSON LILLYJefferson is a mobile home park investment expert and educator. He is responsible for Park Avenue Partners’ strategic direction, acquisitions, and property operations. Before founding Park Avenue Partners, he co-founded Park Street Partners, a similar partnership also focussed on acquiring mobile home parks nationwide. Both personally and through his partnerships, Jefferson has acquired 25 MHPs in 13 states since 2007 totaling over $56mm in value. He started the industry’s first podcast and the largest group on LinkedIn dedicated to investing in mobile home parks. CONNECT WITH JEFFERSONWebsite: www.parkavenuepartners.comWebsite:  www.mobilehomeparkinvestors.comPodcast: Mobile Home Park InvestorsLinkedIn: Mobile Home Park Investors GroupCONNECT WITH USTo connect with Annie and Julie, as well as with other Investing For Good listeners, and to get the latest scoop on new and upcoming episodes, join Life and Money Show Podcast Community on Facebook.To learn more about real estate syndication investment opportunities, join the Goodegg Investor Club.Be sure to also grab your free copy of the Investing For Good book (just pay S&H)--Thanks for listening, and until next time, keep investing for good!

607: Special Guest - Jefferson Lilly - Mobile Home Park Investing (Part 2)

606: Special Guest - Jefferson Lilly - Mobile Home Park Investing (Part 1)

In today's episode of Real Estate Investing with Jay Conner joins Jefferson Lilly of Park Avenue Partners. Park Avenue Partners is a real estate investment partnership that invests in and operates mobile home parks nationwide. It is their mission both to generate above-average risk-adjusted returns for our limited partners, as well as to increase the supply of affordable housing for low-income Americans. Jefferson Lilly will talk about: • How to become able to quit your day job and achieve financial independence • How investing in a mobile home park fund fits into estate planning (diversification, high yield cash payouts, tax losses, non-correlation) • How to manage any kind of real estate remotely with technology • How to raise tens of millions of dollars from podcasting • How to successfully syndicate a real estate investment • How to grow from being a 'version 1.0' investor (where you do everything yourself) to being a 'version 2.0' investor (where your team does everything for you so you can grow the business) Timestamp: 0:01 - Get Ready To Be Plugged Into The Money” 0:30 - Introduction 1:08 - Jay’s New Book: “Where To Get The Money Now” - https://www.jayconner.com/Book 2:10 - Today’s guest: Jefferson Lilly 4:55 - What piques your interest to choose mobile home parks as a real estate business? 6:47 - What makes mobile home parks unique from all other real estate niches? 8:11 - How do you find deals? 9:31 - Number wise, what makes a good mobile home parks deal? 11:44 - Get connected with Jefferson Lilly - https://www.parkavenuepartners.com 13:17 - How do you manage and run all your different mobile home parks remotely? 16:18 - Rent the land but own the mobile home. 20:11 - Amenities of Jeffrey Lilly’s mobile home parks. Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3

“It's not about the mobile home's depreciation, it's about the quality of the resident of the home.”   In this episode of Rent Roll Radio, host Sterling Chapman welcomes Jefferson Lilly to the show. Jefferson is the Founding Partner at Park Avenue Partners and specializes in Mobile Home Parks. He shares what the Mobile Home Park investing model looks like, common issues he's come across in investing and how to mitigate them, and what his criterion are for investing in an area.   Connect with Jefferson:  Website LinkedIn Podcast

Jefferson is a mobile home park investment expert and educator. He is responsible for Park Avenue Partners’ strategic direction, acquisitions, and property operations. Prior to founding Park Avenue Partners, he co-founded Park Street Partners, a similar partnership also focussed on acquiring mobile home parks nationwide. PSP’s investments are returning 8% - 12% cash annually to Limited Partners; appreciation is expected to increase returns further. Connect with Jefferson Lilly: Linkedin: https://www.linkedin.com/in/jeffersonlilly/ Facebook: https://www.facebook.com/jefferson.lilly Website: https://parkavenuepartners.com/     Connect with Seth Ferguson: http://www.SethFerguson.org        

Jefferson is a self-made millionaire real estate investor in mobile home parks who has purchased nearly $100MM worth of MHPs, generated double-digit returns for his 200+ investors, and expanded the supply of affordable housing. We talk about how Jefferson transitioned from the boom or bust tech industry into the stable cash flow of mobile home parks.

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode of the Passive Mobile Home Park Investing Podcast, Andrew talks with one of his biggest mentors; Jefferson Lilly with Park Avenue Partners. Jefferson talks about his first mobile home park deal in 2007, the demographics information on what would be his perfect mobile home park, what makes Park Avenue Partners different, and his predictions of where the mobile home market will be in 2021 and after.Jefferson is an expert and educator in the mobile home park asset class. As a founding member of Park Avenue Partners (and it's predecessor, Park Street Partners), he is responsible for their strategic direction, property operations, and new acquisitions. In this episode, Jefferson shares his expertise on the manufactured housing industry and also shares resources like his podcast and his Mobile Home Park Investors LinkedIn group.Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 1,400 lots under management. His team currently manages over 20 manufactured housing communities across ten states - AR, GA, IA, IL, IN, MN, NE, OH, PA and TN. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities.Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews: https://www.keelteam.com/podcast-links. In order to successfully implement his management strategy Andrew's team usually moves on location during the first several months of ownership. Find out more about Andrew's story at AndrewKeel.com.Would you like to see mobile home park projects in progress? If so, follow us on Instagram: @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions. Talking Points:00:21 - Welcome to the Passive Mobile Home Park Investing Podcast02:14 - Jefferson's background in the business06:22 - Jefferson's first park in 200709:37 - The most important thing passive investors (LPs) need to know or look for (risks)14:35 - The toughest hurdle17:19 - The current state and future of the mobile home park industry & manufactured housing21:55 - Value-add implements Jefferson uses in his new acquisitions25:30 - Jefferson's perfect mobile home park27:56 - The value proposition at Park Avenue Partners and what makes them different29:40 - Getting a hold of Jefferson Lilly37:39 - ConclusionLinks & Mentions from This Episode: Mobile Home Parks 2.0 presentation: https://www.mhvillage.com/pro/community-owner-presents-mhp-2-0/Mobile Home Park Investors LinkedIn Group: https://www.linkedin.com/groups/131404/Jefferson Lilly podcast: https://podcasts.apple.com/us/podcast/mobile-home-park-investors-jefferson-lilly-brad-johnson/id1069263193

What do you do when a tornado’s on the horizon? You crack open a cold one and watch it, of course! Jefferson Lilly, the founder and managing partner of Park Avenue Partners and host of the Mobile Home Park Investor’s podcast, shares his mobile home park manager’s surprising tornado response. Listen in to hear how Jefferson got into mobile home park investing, why he runs all his purchases by his advisory board first, and a lesson he learned about government operations - and learn why he believes he’s in the best niche in real estate.  Please subscribe to this podcast in iTunes or in the Podcasts App on your phone, and never miss a beat from Leigh by visiting leighbrown.com. If you’re tired of doing real estate alone, enroll in  Leigh Brown University and be sure to use your special “CSIRE” discount code at checkout for $10 off your subscription. Time Stamped Show Notes: 01:30 - Introducing Jefferson 03:50 - Jefferson’s story: He got into the business 13 years ago and looked into mobile home parks 04:50 - He believes it is the best niche; every city and county outlawed new construction of mobile home parks, which affects the supply curve 05:15 - The supply curve is shrinking 1% a year and demand is increasing 1%; almost all tenants own their own homes, so it’s only the land that they have to worry about 06:15 - The economics make sense; he bought 33 mobile home parks and has 5 others under contract 06:35 - The biggest challenge and his evaluation model 07:10 - He is independent thinker; once he was at a cocktail party fundraiser and a woman scoffed and walked away when he told her what he does 09:25 - He put together an advisory board of people who own trailer parks; he runs deals past them before he buys 10:20 - How he got his group of advisors 10:30 - He put himself out there and told people what he did; he started getting linked up with other people 10:54 - He found people online, too 11:05 - His most impactful lesson  11:15 - You can’t trust the government; his first park had a sewage lagoon, the local government said it was built to code but it wasn’t  12:45 - He paid about $500,000 to bring lagoons back up to code; now he doesn’t buy properties on private utilities 14:00 - They focus on buying mobile home parks; they rent-to-own some trailers; they don’t want to have a boneyard of parts and don’t have the bandwidth 15:20 - He’s a principle, not an agent; his podcast is called the Mobile Home Park Investor’s podcast 15:35 - Jefferson’s CSIRE story 15:40 - He has a park in Tornado Alley in Oaklahoma; he asked his manager there what they do when a tornado comes 16:17 - He said, “We watch them” and explained when they aren’t a concern 17:00 - A couple of weeks later, he got an email with the subject line “Park Destruction” and he thought they had gotten hit 17:20 - It was to fix a broken lock to a well house that kids had broken for $30 18:30 - On tech and the mobile home industry 18:40 - They don’t take cash and applications are done online; they’re trying to be automated 19:00 - They use Rent Manager software, work with on-site managers for on-the-ground work, use box.com, and have regional managers, too 20:40 - His role is to raise capital and find deals 21:00 - A tidbit for the audience 21:05 - Get an unofficial advisory board; learn from the experience of others who have been there, done that 22:05 - Get in touch with Jefferson at Park Avenue Partners  3 Key Points Be wary of judgy people.  Get an advisory board. Focus on what you are best at and outsource/automate the rest.

Jefferson is a self-made millionaire real estate investor in mobile home parks. He has purchased nearly $100MM worth of MHPs, generated double-digit returns for his 200+ investors, and expanded the supply of affordable housing. Jefferson's business both makes a lot of money and does social good for lower-income Americans. He is media-savvy and started the mobile home park industry's first podcast (www.MobileHomeParkInvestors.com), and has raised several tens of millions of dollars through his shows. Connect with Jefferson http://parkstreetpartners.com/team https://www.linkedin.com/in/jeffersonlilly/ Check out Jefferson's Podcast> www.parkavenuepartners.com/podcast Top 3 Takeaways From Today's Episode 1. The mobile home business is really the "parking lot business". 2. New competition in the mobile home space is illegal so competition is low. 3. It is easy to disregard what you don't understand or educate yourself in. Want to get on the waitlist for my online podcasting course? Email me by visiting colinmorgan.biz

Mobile Home Park Investing Jefferson Lilly – The Sharkpreneur podcast with Seth Greene Episode 495 Jefferson Lilly Jefferson is a mobile home park investment expert and educator. He is the founder of Park Avenue Partners, a private equity real estate fund that acquires and operates mobile home parks nationwide. His investment funds are returning 10% - 15% IRRs to Limited Partners. Both personally and through his partnerships, Jefferson has acquired 31 MHPs in 15 states since 2007 totaling over $71mm in value. He started the industry’s first MHP podcast and the largest group on LinkedIn dedicated to investing in mobile home parks. Prior to beginning to manage investors’ money in 2014, Jefferson spent seven years investing his own capital in mobile home parks and consulting to high-net-worth families with interests in the manufactured housing industry. Jefferson has been featured in The New York Times, Bloomberg Magazine, and on the Real Money television show. He holds a B.A. from the University of Pennsylvania and an MBA from the Wharton School of Business. Listen to this informative Sharkpreneur episode with Jefferson Lilly about investing in mobile home parks. Here are some of the beneficial topics covered on this week’s show: ●    How mobile home parks are usually priced better than other real estate. ●    How 99% of the time mobile home parks are happy and safe places. ●    Why one to many marketing can help entrepreneurs scale businesses. Connect with Jefferson: Guest Contact Info LinkedIn linkedin.com/in/jeffersonlilly Links Mentioned: mobilehomeinvestors.com Learn more about your ad choices. Visit megaphone.fm/adchoices

From Tech Guy to Mobile Home Park Investor, and today's guest, Jefferson Lilly. Jefferson is a household name in the mobile home park investing space. He founded the Park Avenue Partners, a company dedicated to building partnerships and investing in mobile home parks. He also started the industry's first mobile home park podcast and the largest group on LinkedIn dedicated to mobile home park investors.[00:01 – 06:38] Mobile Home Park InvestorsI introduce and welcome guest, Jefferson LillyWe talk about Jefferson's podcast, Mobile Home Park Investors[06:39 – 17:46] From the Tech Industry to Mobile Home ParksJefferson talks about his mobile home park investing careerShares his story before getting into mobile home park investingThe mindsetBuying his first mobile home parkJefferson gives fantastic advice on how to get your real estate career started[17:47 – 24:18] THE FINAL FOURWhat's the worst job that you ever had?A job during my high school at a catering companyWhat's a book you've read that has given you a paradigm shift?The SnowballWhat is a skill or talent that you'd like to learn?How to build corporate culture and teamsWhat does success mean to you?"Having the flexibility to both have a job that I very much enjoy but also have time to spend time with my family."Connect with Jefferson online. See the links below.Final words from me Tweetable Quotes:"Certainly, book learning is good, but at least for me, I learn exponentially faster when I could just sit down live with somebody that has been there, done that, and ask them all my dumb questions." – Jefferson LillyResources Mentioned:Mobile Home Park Investors websiteMobile Home Park Investors group (LinkedIn) You can connect with Jefferson on LinkedIn. Visit their company website https://parkavenuepartners.com/. WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Support the show (https://www.buymeacoffee.com/weissadvice)

This week we discuss mobile home park investing with Jefferson Lilly. Think you are too high-brow for this type of investing? You might want to take another look. We discuss the ins and outs of investing in mobile home parks, how technology improves your odds of success, and the importance of location. This was an eye-opener of an interview. For more information, visit the show notes at https://moneytreepodcast.com/mobile-home-park-investing-jefferson-lilly Today's Panelists: Kirk Chisholm  |  Innovative Wealth Barbara Friedberg  |  Barbara Friedberg Personal Finance Megan Gorman  |  The Wealth Intersection Mindy Jensen | Bigger Pockets

On this episode of the TBG Real Estate Podcast, we're back with our Impact Real Estate Series and talking with Jefferson Lilly, founder of Park Avenue Partners -- a mobile home park investment firm. We take a dive with Jefferson to discuss investing in this niche of real estate, how he made himself the expert in this field and what the future looks like for this impactful industry. You won't want to miss this!Episode Notes01:28 - About Park Avenue Partners03:11 - Far more similar than different06:03 - How to buy a mobile home park09:37 - The investment strategy12:32 - Mom and Pop17:29 - The life cycle19:57 - The effects of Covid23:34 - The Big Boys26:24 - Getting into the business29:54 - Property management33:10 - The future of mobile home parks35:47 - Are millennials looking toward mobile homes?38:19 - Naturally occurring affordable housing39:39 - Mobile Home Park Investors Podcast -- take a listen!40:42 - The Hot Seat presented by KK ResetJefferson is a mobile home park investment expert and educator. He is responsible for Park Avenue Partners’ strategic direction, acquisitions, and property operations. Prior to founding Park Avenue Partners, he co-founded Park Street Partners, a similar partnership also focussed on acquiring mobile home parks nationwide.Both personally and through his partnerships, Jefferson has acquired 25 MHPs in 13 states since 2007 totaling over $56mm in value. He started the industry’s first podcast and the largest group on LinkedIn dedicated to investing in mobile home parks. Prior to beginning to manage investors’ money in 2014, Jefferson spent seven years investing his own capital in mobile home parks and consulting to high-net-worth families with interests in the manufactured housing industry.Earlier in his career he held a range of consulting and sales positions with Bain & Company, Viacom, and Verisign. Jefferson has been featured in The New York Times, Bloomberg Magazine, and on the Real Money television show. He holds a B.A. from the University of Pennsylvania and an MBA from the Wharton School of Business.Jefferson’s favorite mobile home is the 1954 Spartan Imperial Mansion, upon which our logo is partially based. He finds the Bowlus Road Chief to be pretty appealing too.

Jefferson Lilly is the Founder of Park Avenue Partners, an investment firm that acquires mobile home parks nationwide and expands the supply of affordable housing. He has also helped many people buy their first house for as little as $0, and up to $65,000

Jefferson is a self-made millionaire, mobile home park investment (MHP) expert, educator, and industry consultant. http://parkstreetpartners.com/ (Park Street Partners) owns 17 MHPs coast-to-coast totaling over $32mm in value. Prior to co-founding Park Street Partners in 2013, Mr. Lilly spent seven years investing his own capital acquiring and operating mobile home parks. Before becoming an investor full-time, Jefferson spent nine years in sales leadership roles with several venture-backed startups in Silicon Valley. He holds a B.A. from the University of Pennsylvania and an MBA from the Wharton School of Business. Jefferson started and hosts the https://podcasts.apple.com/us/podcast/mobile-home-park-investors/id1069263193 (Mobile Home Park Investors Podcast). He also founded the Mobile Home Park Investors group on LinkedIn – the world's largest professional networking group focussed on MHPs (3,500+ members). Key PointsWhy mobile home parks serve an important purpose in our country How to manage properties nationwide using the latest technology Supply and demand imbalances The MHP business model Value add opportunities in MHPs Fun FactsMobile homes have a VIN number, just as a boat, car, or trailer would 10% of the U.S. lives in mobile homes Lightning QuestionsWhat was your biggest hurdle getting started in real estate investing, and how did you overcome it? Jefferson was distracted by his job, personal life, etc. He's now completely focused and disciplined in his search for mobile home parks. Do you have a personal habit that contributes to your success? Jefferson has made an effort to hire people to help him out in his business. His goal is to make himself irrelevant to his business. Do you have an online resource that you find valuable? https://www.bestplaces.net/ (Bestplaces.net) What book would you recommend to the listeners and why? https://amzn.to/2IQhBcO (The Snowball: Warren Buffett and the Business of Life )by Alice Schroeder If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Do the same things, but sooner. ResourcesVisit http://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 (Audible) for a free trial and free audiobook download! http://parkstreetpartners.com/ (Park Street Partners) https://www.rentmanager.com/ (Rent Manager) – Property management software https://www.bestplaces.net/ (Bestplaces.net)  

On this episode I sit down with Jefferson Lilly to talk about investing in mobile home parks. Jefferson has been doing this for many years now and has over 2,000+ pads all over the united states. He is a great resource for you guys to begin investing in mobile home parks. If you have a question that you want to be answered on the next episode, tweet me or DM me @martelantoine. Or you can ask questions here - martelturnkey.com/podcast-questions/

Jefferson is a self-made millionaire, mobile home park investment expert, educator, and industry consultant. Park Street Partners owns 25 MHPs coast-to-coast totaling over $50MM in value. Prior to co-founding Park Street Partners in 2013, Mr. Lilly spent seven years investing his own capital acquiring and operating mobile home parks. Before becoming an investor full-time, Jefferson spent nine years in sales leadership roles with several venture-backed startups in Silicon Valley. Jefferson has been featured in The New York Times, Bloomberg Magazine, and on the ‘Real Money' television show. He holds a B.A. from the University of Pennsylvania and an MBA from the Wharton School of Business. In this fun and off-the-cuff conversation, Shecky gets all of the great info out of Jefferson. You'll learn... - How you could make MORE with MHP Investing Than Any Other Strategy - Why There Is So LIttle Competition In This Space - Where To Find Deals - Why This Typically Unsexy Niche Is So Lucrative Visit http://parkstreetpartners.com/ and http://mobilehomeparkinvestors.com/ to learn more about Jefferson's diverse investments.

One of the criteria when we are wholesaling houses is we don't really buy mobile homes. Our guest, Jefferson Lilly is taking advantage of the concept and is now buying mobile home parks. He is absolutely killing it! He went from working in a corporate job to investing in real estate. Jefferson Lilly is a mobile home park investment expert, educator, and industry consultant who has been featured in the New York Times, Bloomberg Magazine, and on the 'Real Money' television show. Prior to co-founding Park Street Partners in 2013, he spent seven years investing his own capital at Lilly & Company where he acquired and continues to operate mobile home parks in the Midwest. Prior to becoming an investor full-time, Jefferson spent 10 years in sales leadership roles with several venture-backed startup companies in Silicon Valley that were acquired by Openwave Systems and VeriSign. If you are interested in investing in mobile home parks, this is one episode you shouldn't miss!

Jefferson Lilly is a self-made millionaire, mobile home park investment expert, educator, and industry consultant. Park Street Partners owns 17 mobile home parks coast-to-coast totaling over $32mm in value. Prior to co-founding Park Street Partners in 2013, Mr. Lilly spent seven years investing his own capital acquiring and operating mobile home parks. Before becoming an investor full-time, Jefferson spent nine years in sales leadership roles with several venture-backed startups in Silicon Valley. Jefferson has been featured in The New York Times, Bloomberg Magazine, and on the ‘Real Money' television show. He holds a B.A. from the University of Pennsylvania and an MBA from the Wharton School of Business. Jefferson started and hosts the Mobile Home Park Investors Podcast with over 10,000+  D/L per month. He also founded the Mobile Home Park Investors group on LinkedIn - the worlds largest professional networking group focused on MHPs (3,500+ members)   During this show we dive into… Why the mobile home park niche is better than any other type of real estate investment How fast mobile home parks are diminishing now About how many parks there re in existence around the country Why a lack of affordable housing makes mobile home parks so appealing Why now is such a great time to be a mobile home park investor Whether people usually start with buying single units or actual parks The most effective ways to find parks for sale How to know if the park is worth what it is being sold for The biggest mistakes people make when investing in mobile home parks How to effectively manage parks all around the country The best ways to get financing for investing in mobile homes The types of loans do Fannie Mae and Freddie Mac provide How to use self-directed IRAs being for real estate investing How to use podcasting to raise money for real estate investing How you can retire in 10 years by getting started today buying mobile home park How Park Street Partners helps people get into this space

Today's guest on the Successful Pitch is Jefferson Lilly. He has a Wharton MBA but decided to go a different route than most of his other fellow graduates.

Thank you for reading this article, which comes to you originally from Personal Profitability.When you think of mobile homes, the first word that comes to mind is probably not profit, but that's exactly how Jefferson Lilly looks at the world of trailer parks and mobile homes. With years of experience, Jefferson has learned how to spot smart, relatively low-risk investment opportunities across the nation that don't require tens […] The post PPP066: Mobile Home Investing with Jefferson Lilly appeared first on Personal Profitability.

Today's guest on the Investor Empowerment Series Radio show is Jefferson Lilly of Park Street Partners.  Jefferson and his business partner Brad have built a massive Mobile Home Park business totally 1540 pads in 19 different parks throughout the United States. Jefferson is a self-made millionaire, mobile home park investment expert, educator and industry consultant. Prior to Co-founding Park Street Partners in 2013, Jefferson spent 7 years investing his own capital, building his "unofficial" advisory board, owning and managing his own mobile home parks. On today's show we discuss how to retire in 10 years by getting starting with mobile home parks, sourcing new park deals, and managing parks for maximum efficiency utilizing technology to simplify the business processes. Thanks again for tuning in to another great episode!!

Take your business to the next level with Jefferson Lilly Looking for the perfect business opportunity? Be prepared to do your homework to make sure it is indeed the right fit. Jefferson Lilly easily spent hundreds of hours researching his investment in mobile home parks. It's a real estate market that's not often talked about, not when you consider single family homes, apartment buildings, and commercial complexes are also part of the conversation. But Jefferson decided to take the leap, with some incredible results. You'll hear how he started investing while he had a successful day job, and how he really scaled up after finding a business partner. Park Street Partners now owns 13 mobile home parks in the Midwest. If you're trying to figure out how to grow your company bigger and better, and what you need to have in place for a business partnership to succeed, take a listen to our conversation. What you'll learn in this episode: *Why investing in a little-known real estate market had its appeal *Why real estate in general became a passion *The kind of research Jefferson carried out to make sure he was on the right path *How to scale a business that focuses on buying mobile home parks *How to find a partner to help grow your company *The partnership vetting process *What safeguards should be in place in a business partnership Links mentioned in this episode: Real estate investment resources - Loopnet Crowdfunding resources - RealtyMogul and Crowdstreet Parkstreetpartners.net Mobile Home Park Investors with Jefferson Lilly & Brad Johnson podcast Did you enjoy the show? Please subscribe to the STANDOUT with Cheryl Tan podcast on iTunes here.

Jefferson Lilly is a mobile home park investment expert, educator, and industry consultant who has been featured in the New York Times, Bloomberg Magazine, and on the 'Real Money' television show.  Prior to co-founding Park Street Partners in 2013, Mr. Lilly spent seven years investing his own capital at Lilly & Company where he acquired and continues to operate mobile home parks in the Midwest.  Prior to becoming an investor full-time, Jefferson spent 10 years in sales leadership roles with several venture-backed startup companies in Silicon Valley that were acquired by Openwave Systems and VeriSign.  Earlier in his career he held operational roles at Viacom and was a consultant with Bain & Company. Key Takeaways: [2:30] The history of Jefferson's investing and value investing with mobile home parks [4:38] Whether the mobile home park scene is too crowded or if there's still room [7:07] How to find a broker for mobile home parks [11:22] If Jefferson prefers park or tenant owned homes [14:02] The interest rates being charged to tenants when they're buying homes [18:20] Why mobile home parks aren't being built anymore [19:25] The biggest mistake Jefferson made in the mobile home park real etate market [22:20] How Jefferson went about turning a mobile home park into a better investment after purchase Websites Mentioned: www.parkstreetpartners.net www.tulsaestatesmhp.com

In this episode of The Best Passive Income podcast, Mark talks with Jefferson Lilly—ParkStreetPartners.com. Jefferson is a self-made millionaire and mobile home park investment expert, educator, and industry consultant who has been featured in The New York Times, Bloomberg Magazine, and on the Real Money television show.  Jefferson provides affordable housing to help people become homeowners. He tells us why he chose mobile home parks and how it's structured so that you don't have to put much time or money into it, making it a true passive income!   We also discuss:   The parts of the business that suck Managing the parks Using outside capital  Want to know more about this lucrative scale-able extension of the land niche? Listen in as we delve into mobile home investing!  TIP OF THE WEEK Mark: Go to IFTTT.com to automate searches. Also, learn more about Jefferson Lilly at ParkStreetPartners.com. Jeff: Go to SearchTempest.com—a website that goes out and prowls through both Craigslist and eBay where you can type key words and find them. Thank you for listening to the Best Passive Income Model podcast. Your support helps me to invite guests who share their knowledge that you can use to grow your business.  

Jefferson Lilly is a mobile home park investment expert, educator, and industry consultant who has been featured in the New York Times, Bloomberg Magazine, and on the 'Real Money' television show.  Prior to co-founding Park Street Partners in 2013, Mr. Lilly spent seven years investing his own capital at Lilly & Company where he acquired and continues to operate mobile home parks in the Midwest.  Prior to becoming an investor full-time, Jefferson spent 10 years in sales leadership roles with several venture-backed startup companies in Silicon Valley that were acquired by Openwave Systems and VeriSign.  Earlier in his career he held operational roles at Viacom and was a consultant with Bain & Company. Key Takeaways: [2:30] The history of Jefferson's investing and value investing with mobile home parks [4:38] Whether the mobile home park scene is too crowded or if there's still room [7:07] How to find a broker for mobile home parks [11:22] If Jefferson prefers park or tenant owned homes [14:02] The interest rates being charged to tenants when they're buying homes [18:20] Why mobile home parks aren't being built anymore [19:25] The biggest mistake Jefferson made in the mobile home park real etate market [22:20] How Jefferson went about turning a mobile home park into a better investment after purchase Websites Mentioned: www.parkstreetpartners.net www.tulsaestatesmhp.com

Jefferson Lilly is a mobile home park investment expert, educator, and industry consultant who has been featured in the New York Times, Bloomberg Magazine, and on the 'Real Money' television show.  Prior to co-founding Park Street Partners in 2013, Mr. Lilly spent seven years investing his own capital at Lilly & Company where he acquired and continues to operate mobile home parks in the Midwest.  Prior to becoming an investor full-time, Jefferson spent 10 years in sales leadership roles with several venture-backed startup companies in Silicon Valley that were acquired by Openwave Systems and VeriSign. Earlier in his career he held operational roles at Viacom and was a consultant with Bain & Company. Jefferson holds a B.A. from the University of Pennsylvania and an MBA from the Wharton School of Business.   During this show we dive into…   Why it's a brilliant idea to invest in mobile home parks How you can earn 20% returns with mobile home park investing Some of the little-known about advantages of investing including low maintenance cost How to get involved with owning a mobile home park with as little as $1,000 2 of the biggest mistakes to avoid when investing How you can get paid just by finding parks for sale How to spend $2,000 and get 100% of your money back within the first year when investing Why no more mobile home parks can be built, and how this benefits you as demand continues to rise And much more...

Sam McElroy, Co-Founder and Managing Member of financial spoken has a doctorate in psychology and a work background as a management consultant at a full service investment firm. His consulting revealed that in their marketing role the firm's managers were biased in promoting the products and services under their direct control. Sam's firm uses a holistic approach focused on the clients' wants and needs. 2. Park Street Partners was co-founded by Jefferson Lilly a self-made millionaire. For retirees dealing with today's low yields and high volatility, mobile home parks are an undiscovered real estate niche that offers easy entry, and relatively high and stable returns. Lilly is a mobile home park expert and industry consultant featured in The NewYorkTimes, Bloomberg Magazine,and on TV's Real Money.

The mobile home park market may be dwindling, but it doesn't mean it's not possible to make money by investing in one. Many existing locations have been ignored by previous owners and with some smart updates and fixes an investor is able to raise rents to market value and start making a profit. Listen in as our guest talks speaks about basic financials as well as working with brokers to find a property.   Key Takeaways: [2:34] Jefferson is the value investing type [4:50] Mobile home park investing is a fairly undiscovered niche [6:41] How to find a good deal on mobile home parks [7:37] Working with brokers to find properties [9:17] What is the acquisition criteria to find a good property [12:25] We'd prefer to just own the land [14:14] The rent credit program is similar to rent to own [15:23] Basic financials - down payment, rent info [16:19] Mobile home park investing is the only asset class which is shrinking [19:48] Does the government still build single family affordable housing [21:10] I got into this business with the wrong mindset [22:37] Example legal fees and compliance to start [23:43] An Oklahoma property case study   Mentions: Park Street Partners Marcus & Millichap Tulsa Estates Hartman Media