Mobile Home Park Investing with Jefferson Lilly

Jefferson is a self-made millionaire, mobile home park investment (MHP) expert, educator, and industry consultant. 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 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 countryHow to manage properties nationwide using the latest technologySupply and demand imbalancesThe MHP business modelValue add opportunities in MHPsFun FactsMobile homes have a VIN number, just as a boat, car, or trailer would10% of the U.S. lives in mobile homesLightning 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?Bestplaces.netWhat book would you recommend to the listeners and why?The Snowball: Warren Buffett and the Business of Life by Alice SchroederIf 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 Audible for a free trial and free audiobook download!Park Street PartnersRent Manager – Property management softwareBestplaces.net 

Om Podcasten

Are you interested in Real Estate Investing, but don't know how or where to start? Are you a young professional or just starting to explore the possibility of investing in cash flowing real estate? The Real Estate Way to Wealth and Freedom podcast aims to help people just like you build wealth and achieve financial freedom through real estate investing, with a focus on investing in apartment buildings. With actionable content from weekly interviews with real estate investors, lenders, brokers, tax attorneys, and other real estate professionals, you'll have the education necessary to begin your real estate investing journey. Jacob Ayers is a young professional who started investing in real estate at the age of 25. As a real estate investor and entrepreneur, Jacob aspires to help you achieve financial freedom through real estate investing. If terms such as passive income, lifestyle engineering, wealth creation, and freedom resonate with you, then you're sure to get value from this podcast! If you want to live a life of fulfillment while doing the things you love, then this is the podcast for you!