The Best Ever CRE Show JF 3878: Mobile Home Parks, LP Strategies, and Long-Term Wealth Building ft. Mike Arndorfer
Apr 17, 2025
In this engaging conversation, Mike Arndorfer, a seasoned passive investor from Bellingham, WA, with over 19 deals under his belt, delves into the world of mobile home parks and investment strategies. He discusses the importance of networking at industry conferences and building long-term relationships with operators. Mike emphasizes trust in investment partnerships and shares insights on balancing risk and cash flow for sustained wealth. He also explores personalized coaching for transitioning to passive income strategies, offering valuable tips for aspiring investors.
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Mike's Stay Rich Strategy
- Mike calls mobile home parks his "stay rich money" for long-term investment stability.
- He also explores marinas as an emerging niche investment opportunity.
Mobile Home Park Cash Flow Guidance
- Good cash flow for mobile home park investments typically ranges from 5% to 9%.
- You can expect cash flow to increase after initial value-add phases complete in year two or three.
Vet Sponsors Through Tough Questions
- The biggest value at conferences comes from deep conversations with other LPs and GPs about real deals.
- Ask tough questions and watch how sponsors respond to assess their honesty and competence.