EP 122 | Running a Fund Comprised of Small MHPs

On the new episode of the Mobile Home Park, we have our special guest Charlotte Dunford who shifted from a corporate job to a full-time real estate entrepreneur. She started from a single-family home to a duplex and eventually acquired small Mobile Home Parks in 2019. Right now she has 22 parks from different locations and has 4.2 million dollar assets.

In this episode, she shares her experiences from operations to dealing with utility systems to raising capital and investors. If you want to be like Charlotte who nails in the small MHPs industry make sure to stick until the end of our episode!

 

Highlights of the episode:

00:00 Episode Introduction

01:07 Background of the Guest

03:57 Operating a small Mobile Home Park

05:53 Due Diligence and Sourcing Deals

09:57 Cost of Small MHPs Deals

12:18 Utility System

12:50 Raising Capital and Investors

14:30 Seller Financing and Buying Cash

16:32 Opportunity of Acquisitions

17:54 10% CAP Acquisition

19:00 Tips and Tricks

 

Notable Quotes

"As far as tricks, in every single niche, there are different ways to operate. For us, we're growing rapidly and we have news deals down the pipeline" - Charlotte Dunford

"Historically smaller loans have been harder to get financed" - Ferd Niemann

 

Connecting with the Guest

Website: https://www.johnstreetcapital.com/

 

Connecting with MHP Law:

Website: https://www.johnscreekcapital.com/who-we-are 

Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069

LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/

Instagram: https://www.instagram.com/themhplawyer/

 

#SmallMHPs

#FundCompromise

#mobilehomeparkinvesting