#32 The Benefits Of Investing In Mobile Home Parks with Cory Harelson
Manage episode 427062418 series 3564559
In this episode, Trevor Oldham interviews Cory Harelson, a mobile home park investor. Cory shares his journey from being a structural engineer to investing in real estate. He explains the unique aspects of mobile home park investing, such as the land lease community model and the benefits of owning the land while the residents own the homes. Cory also discusses the criteria for selecting mobile home parks, including location, infrastructure, density, economics, and the age of the homes. He emphasizes the value-add opportunities in the mobile home park space and the high cash flow potential.
In this episode, we'll cover:
- Mobile home park investing offers unique opportunities for high cash flow and value-add strategies.
- The land lease community model, where residents own the homes and pay rent for the land, is a popular choice among mobile home park operators.
- Location, infrastructure, density, economics, and the age of the homes are important criteria when selecting mobile home parks.
- Mobile home parks provide a solution to the affordable housing crisis and cater to a diverse range of tenants.
- Raising capital for mobile home park deals can be done through personal networks, LinkedIn outreach, and partnerships with capital raising groups.
- Investors should carefully consider the illiquidity of mobile home park investments and ensure they have a long-term investment horizon.
Click here for the show notes from today’s episode: podcastingyou.com/cory-harelson
65 에피소드