Mobile Home Parks In Real Life (MHP_IRL) Expectations vs Reality: Addicted to Mobile Home Parks: Interview with Andy Freeman
Nov 1, 2022
In a captivating discussion, Andy Freeman, founder of Enjoy Communities, shares his journey from a six-figure auto industry job to owning mobile home parks. He candidly reveals the harsh realities of the investment, including the challenges of managing properties from afar and the mental shifts required for success. Andy discusses the addictive nature of mobile home management and the rewards of revitalizing communities. His insights into navigating the uncertainties of real estate and the importance of resilience make for a compelling listen.
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California Dreamin'
- Andy Freeman left a six-figure car sales job in Newport Beach, California, to pursue mobile home park ownership.
- This decision was partly influenced by his father's health scare and a desire for more control over his time.
Getting Started
- Start by listening to podcasts and immersing yourself in the industry to learn the basics of mobile home park investing.
- Be prepared to move to the location of your first park, as remote management can be challenging initially.
Expectations vs. Reality
- Andy's initial expectation was that MHP ownership would be relatively easy and generate significant cash flow quickly.
- However, he soon realized there were many unforeseen expenses and challenges he hadn't accounted for.