262: $600,000 in Gross Rents from Mobile Home Parks with Jefferson Lilly

Mobile Home Parks can be one of the most profitable business models around, but learning to scale without losing all your time can be tough. That’s the story on today’s episode of the BiggerPockets Podcast, where we sit down with Jefferson Lilly to talk about how he’s acquired 2,600+ “pads” in the past few years and the lessons he’s learned in scaling. We also discuss the ins and outs of raising private money through a “fund,” which will both fascinate and educate you, so don’t miss a moment of it. Whether you want to buy mobile home parks or not, this is one show where the lessons will stick with you for life! In This Episode We Cover:Brandon’s mobile home parkReasons why you should consider buying a mobile home parkThe legality surrounding mobile home parksHow Jefferson came to own about 2,300 padsWhat you should know about rent-to-own homesHow Jefferson markets their propertiesMethods of payment for these rentalsA discussion on RVs vs. mobile homesJefferson’s thoughts on tiny housesGetting to a “Mobile Home Park 2.0”The 3 key hires for mobile home parksWhat managing these mobile parks look likeFloods and other concerns when choosing a mobile home parkHow to fund these daysHow to find parks todayAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Money PodcastBiggerPockets BlogMember BlogsBiggerPockets Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson LillyBiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan MurdockRent ManagerPay Near MeLoopnetBiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris VossBest PlacesEquity Lifestyle PropertiesNational Manufactured Home Owners AssociationBooks Mentioned in this ShowThe Book on Investing with Low and No Money Down by Brandon TurnerNever Split the Difference by Chris VossAm I Being Too Subtle? by Sam ZellThe Snowball by Alice SchroederTweetable Topics:“Don’t kick anybody out of your deal. Just scale everybody back.” (Tweet This!)Connect with JeffersonJefferson’s BiggerPockets ProfilePark Street Partners HomepageMobile Home Park Investors