$600,000 in Gross Rents from Mobile Home Parks with Jefferson Lilly | BP Podcast 262 

You're the 🐐

Mr Krabs thank you, you saved 8 minutes of my life I would otherwise never had gotten back.

I literally saw this at 8:00

12:00 is an even better start point

I was thinking the same thing. Would love to see someone that has created a successful system on tiny homes share some insight. In my area tiny homes are not being permitted, however the laws look like they'll be changing.

The only people tiny houses work for is new couples. Once they start having kids, tiny houses never work. Tiny houses are utopian nonsense dreamed up by leftist tools.

I agree with you about the tiny homes I have been so intrigued by them!

Couture Leotards not true , at all

States don't like manufactured home communities because they don't pay property tax like stick built. So town and state lose on taxes.

Cities can keep them out by making laws requiring some much space for a home. Counties can legislate them away by requiring so much land for each house per septic system and limiting how many houses can be connected to each septic tank. No, there won't be any laws saying, "You can build no new mobile home parks." They do it in other ways.

Nick Slayter I think you could get a 50 unit Apartment complex at a better price..... just a guess

It depends. If you look at the income that both properties generate and the price you would have to pay for each, you can do a simple comparison of where you are getting the most bang for your buck.

Apartments

I would say it's a pretty clear answer and if you can't see that I would say you should not buy either. You clearly are not a seasoned investor and you have not spoken to anyone who is going to be assisting you. Any money you were going to use you will not have in 2 years from now:-( :-( you should be a silent investor with somebody that knows what they're doing

Capitalize on that, look up "Pervert Park" you can stuff 3 of those sex offenders in a 3 bedroom for 500/month room fee.

Most of the big renters go month to month after the first year. So they want to keep the majority safe so they would not renew their month-to-month lease somewhere after they found out.

Good question BJ. I think it depends a lot on how you word the contracts. You are right, there are some regulations around it.

It, doesn't matter how you word it, Dodd/Frank says that when buying any property, whether real or personal (read trailer or manufactured housing), the buyer has to quantify for the loan. And that applies to any credit you extend them, even it it is RTO or an option. If for some reason at a later date you have to take the property back and you haven't qualified the buyer they can use your failure to qualify them as a defense and the court can award the ALL of the money they paid you over the years. This would include both principal and interest.

MH's are not real estate. They're personal property or vehicles.

D Du Plessis The word 'illegal' may be offputting but he's saying basically the same thing you said...cost wise it's been de facto illegal because if you can't get permits...for whatever reason, from the ppl that give you the 'legal' right to build or get a project zoned properly it certainly feels like it's illegal. As he mentioned, low to no ability to fleece property tax money for schools, Cop, teachers, libraries etc The additional pull of resources from the least taxable, with regard to the use of said police departments, fire departments, schools, street traffic etc makes these parks 'undesirable' for the 'voters' that do pay more and whom are generally more politically active. Couple that with the 'prejudice'/ stereotype or image issue regarding having a trailer park in 'my' neighborhood where 'I' paid good money helps KILL new projects....a sober living, halfway house or 'minimum' security prison would all get the same NOT in my backyard, 👎 if the public gets wind of any plans

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All rent control will do is make the mh park owner sell his land off for development. Stop the leftist thinking.

@@moncorp1 not in states where home owners have first right of refusal!

I agree, but the scumbuckets commenting below have already thrown away any values they may have had before. Profiting off the choices made by poorer people to try to live a decent life by choosing this UNDESIRABLE option shows just how low they will go to "succeed". This is the main problem in America today. The rich are raping the poor in every imaginable way, and laughing all the way to the bank. I hope they all burn in hell...

@@55freejo ~ I hope all braindead leftists like yourself burn in hell. You're all too short sighted for your own good.

@@moncorp1 GFY