The Mobile Home Park Lawyer Podcast

Welcome to another episode! Today, we sit down with Emma Norman, a Mobile Home Park Loan Specialist and Commercial Real Estate Specialist. Emma's passion for affordable and attainable housing shines through her unique journey and deep understanding of mobile home parks (MHPs). Having been a property manager for MHPs and RV parks, Emma brings a wealth of hands-on experience. Her love for Class Cs and Ds isn't about embracing trouble but rather kicking out the undesirable elements, making these communities safer and more secure for everyone involved. In this episode, Emma shares her perspectives on the Mobile Home Park Loans Market and Financing Commercial Real Estate. She delves into the lender's viewpoint on recourse loans, offering insights into securing financing for a property and navigating challenges like increasing liquidity requirements and deal cancellations.Emma sheds light on bankers' strategies to protect themselves in the complex world of real estate financing. Tune in as she provides invaluable tips for successful real estate financing, from securing a real estate loan to forming successful partnerships. If you're passionate about making a difference in communities and navigating the financial landscape of mobile home park investing, this  episode is a must. Gain practical knowledge and be inspired by her dedication to creating a generational impact beyond the lucrative side of real estate. Join us for a conversation that goes beyond wealth – it's about making a lasting difference in the world of Mobile Home Park investments. Highlights of the episode: 00:00:36 Guest Introduction & Background: Emma Norman 00:01:57 Mobile Home Park Loans Market 00:05:00 Financing Commercial Real Estate 00:10:03 Lender's Perspective on Recourse Loans 00:15:00 Securing financing for a property 00:20:01 Increasing Liquidity Requirements & Deal Cancellations 00:25:00 Bankers' strategies to protect themselves 00:30:00 Tips for successful real estate financing 00:35:01 Securing a Real Estate Loan 00:40:02 Tips for forming a successful partnership 00:44:04 Closing   Connecting with MHP Law:    Website: https://themobilehomelawyer.com/ 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 Connecting with Guest:    Website: https://easternunion.com/ Linkedin: https://www.linkedin.com/in/emmalnormanmhp/   #RealEstateFinancing #MobileHomeParkInvesting #FinancialStrategies

Tim Woodbridge, a multifamily real estate owner/operator, discusses working smarter, recognizing deal parameters, the benefits of appraisals, actions for successful refinancing, planning for unexpected challenges, and the significance of working with brokers in real estate investing.

Welcome to another episode. Today we talk to Max Baker, CEO of The Mobile Home Park Broker. With a history in mobile home parks dating back to 2000, Max shares his journey into this niche, which began with hands-on experience in park management, rehabilitation, and sales. As the driving force behind The MHP Broker, Max boasts a remarkable track record, having successfully closed over $600 million in mobile home community deals since founding the company in 2009. He excels in structuring complex transactions, utilizing owner financing, research, outsourcing, and deal-making. This episode features Max's insights on creative financing, market dynamics, and valuable tips for buyers and sellers in this specialized field. Discover his strategies for closing deals and sealing off-market opportunities. If you're interested in mobile home park investments, this episode is a treasure trove of knowledge. Don't miss the full episode - tune in now for a masterclass in this unique industry!   Highlights of the episode: 00:00:36 Guest Introduction & Background: Max Baker 00:01:16 Max Baker's Journey in Mobile Home Park Investing 00:05:02 Entering the Mobile Home Park Brokerage Business 00:10:01 Creative financing in real estate 00:15:01 Real estate market volatility 00:20:01 Real Estate Tips for Buyers and Sellers 00:25:01 Increasing the probability of closing a deal 00:30:01 Strategies for closing off-market deals 00:35:02 Navigating the Mobile Home Park Market 00:40:00 Assistance with buying/selling mobile home parks 00:40:55 Closing Connecting with MHP Law:    Website: https://themobilehomelawyer.com/ 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 Connecting with Guest:    Website: https://themhpbroker.com/ Linkedin: https://www.linkedin.com/in/maxwellbaker/ Instagram: https://www.instagram.com/themhpbroker/ Facebook: https://web.facebook.com/themhpbroker/?_rdc=1&_rdr Youtube: https://www.youtube.com/channel/UCy51Xc8WnS93x2AIxFATCAQ   #MobileHomeParks #MHPInvesting #CreativeFinancing

In this episode, we sit down with Jose Garcia, widely known as the 'Trailer Park King' and the best-selling author of 'How to Become the Next Mobile Home Millionaire.' With over seven years of experience in mobile home park investing, Jose covers the southeastern United States and is on a mission to expand even further. He's an investor, coach, and mentor, guiding others to tap into the potential of mobile homes and trailer parks. In this conversation, Jose shares his journey in mobile home park investing, the role of Lonnie dealers, tips for tenant screening, unique considerations in mobile home investing, and how to deal with delays in lot rent while maintaining transparency. If you're looking for valuable insights from an industry expert, this episode is a must watch. Tune in now!   Highlights of the episode: 00:00:36 Guest Introduction & Background: Jose Garcia 00:01:22 Jose's Journey to Mobile Home Park Investing 00:05:00 Investing in Mobile Homes with Lonnie dealers 00:10:01 Screening tenants for mobile home parks 00:15:01 Mobile Home Investing Considerations 00:20:00 Delays in lot rent and transparency 00:21:50 Closing   Connecting with MHP Law:    Website: https://themobilehomelawyer.com/ 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 Connecting with Guest:    Website: https://garciamobilehomeuniversity.com/ Linkedin: https://www.linkedin.com/in/jose-garcia-aba7b1158/ Instagram: https://www.instagram.com/garcia_mobile_home_university/ X: https://twitter.com/coach_investor Facebook: https://www.facebook.com/Garciamhu Youtube: https://www.youtube.com/channel/UCdrOrDV2nsxUOh-fS53S9zQ #MobileHomeInvesting #RealEstateMentor #FinancialIndependence

In this episode, we sit down with Ben Braband, the owner of Saddleback Valley Communities, a mobile home park portfolio spanning 46 parks across 9 states. With experience as a former Los Angeles Police Officer and Naval Intelligence Specialist, Ben brings a unique perspective to real estate investment. Ben shares his journey in mobile home park investments, focusing on mitigating risks to compete with REITs. He also discusses raising capital in uncertain times and the challenges of borrowing money in today's real estate market. Listeners will gain insights into the current real estate market challenges and strategies for growing and scaling a business. If you're seeking tips and tricks from a seasoned pro, don't miss this episode. Tune in now!   Highlights of the episode: 00:00:36 Guest Introduction & Background: Ben Braband 00:01:19 Ben Bravin's Mobile Home Park Journey 00:05:01 Mitigating risk to compete with REITs 00:10:00 Raising capital in uncertain times 00:15:00 The Challenges of Borrowing Money in Today's Market 00:20:01 Real Estate Market Challenges 00:25:01 Strategies for Growing a Business 00:30:01 Strategies for scaling a business 00:35:01 Scaling a business: Considerations and Challenges 00:37:50 Tips and Tricks 00:39:28 Closing   Connecting with MHP Law:    Website: https://themobilehomelawyer.com/ 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 Connecting with Guest:    Website: https://saddlebackpro.com/ Linkedin: https://www.linkedin.com/in/ben-braband-5661519/ Facebook: https://www.facebook.com/saddlebackvalley.communities #RealEstateInvesting #MobileHomeParks #RaisingCapital

In this podcast episode, we interview Shawn Dwyer, the founder of Golden Oak REI and a seasoned Mobile Home Community Real Estate Investor. Shawn's mission is to assist busy professionals in creating passive income through recession-resistant real estate investments, offering solid returns with minimal risk. During this insightful discussion, Shawn delves into the nuances of Mobile Home Park analysis. He shares practical insights on navigating the market, considering the impact of narrow target criteria on deal discovery. Drawing from his extensive experience, Shawn reflects on the challenges and successes of managing his first park, offering valuable lessons for prospective investors. The conversation goes deeper as Shawn provides pragmatic advice for finding deals in today's competitive landscape. A notable highlight is Shawn's exploration of seller receptiveness, revealing the percentages of sellers open to discussion versus those who are more hesitant. He also discusses negotiation strategies, a crucial skill for successful real estate investing. For those seeking to embark on the path to passive income through recession-resistant real estate investing, this episode is a valuable resource. Shawn Dwyer's expertise and commitment to assisting busy professionals will leave you informed and well-prepared to navigate the mobile home community real estate sector. Tune in to gain insights on your journey toward financial security!   Highlights of the episode: 00:00:42 Guest Introduction & Background: Sean Dwyer 00:03:22 Analysing Mobile Home Parks 00:04:59 How narrow targets affect finding deals 00:06:29 Managing the first park 00:07:34 Best lessons learned from the first park 00:10:50 Finding deals now 00:11:37 Percentage of sellers  that are open to discussion  vs. unwilling to discuss 00:17:45 Dealing with sellers 00:22:41 Tips Tricks and suggestions 00:23:30 Closing   Connecting with MHP Law:    Website: https://themobilehomelawyer.com/ 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 Connecting with Guest:    Website: https://goldenoakrei.com/ Linkedin: https://www.linkedin.com/in/shawn-dwyer-go/ #MobileHomeInvesting #PassiveInvesting #MobileHomeParkDeals

In this captivating podcast episode, we have the privilege of interviewing Steve Case, a retired Air Force pilot turned mobile home park investor and the mastermind behind mobilehomeuniversity.com. With a wealth of experience and a strong emphasis on education, mentorship, and networking, Steve has established himself as a seasoned veteran in the industry.   In this insightful discussion, Steve delves into the topic of using the master lease and option to buy strategy for mobile home parks. He shares his expertise on how this unique approach can be leveraged to unlock hidden potential and maximize returns in the mobile home park investing space.   Drawing from his own experiences and the guidance of his mentors, Steve emphasizes the critical role that education, mentorship, and networking have played in shaping his successful journey in mobile home park investing. He provides valuable insights and actionable advice for aspiring investors, highlighting the importance of learning from those who have paved the way to success.   If you're interested in mobile home park investing or seeking guidance on utilizing the master lease and option to buy strategy, this episode is a must-listen. Steve Case's wealth of knowledge and passion for education will leave you inspired and equipped with valuable tools to embark on your own mobile home park investment journey. Highlights of the episode: 00:00:37 Guest Introduction & Background: Steve Case 00:05:40 SECO 00:09:05 Being Physically Present to Negotiate 00:14:03 Using the Right Custodian 00:18:53 Why Would One Want to Master Lease of the Option 00:23:13 How to Deal With Payment Issues 00:27:32 The Importance of Really Knowing the Seller 00:32:00 Taking Proper Due Diligence 00:36:05 Perry Alliance 00:38:58 “Secret Sauce” 00:42:16 The Networking 00:43:12 Closing   Connecting with MHP Law:    Website: https://themobilehomelawyer.com/ 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   #MobileHomeInvesting #MasterLeaseAndOption #LearnFromTheVeteran  

In this insightful episode, we welcome Derek Vickers, the owner of Victory Real Estate Group, who brings his expertise in the mobile home park business to the forefront. Derek shares his unique perspectives on various aspects of the industry, shedding light on how he tackles different areas and navigates challenges.   We delve into the endless demand for mobile home parks in Tampa and discuss effective ways to test market demand to ensure successful investments. Derek also offers valuable insights on Fannie Mae financing and highlights the potential limitations that park-owned homes can have on exit rates.   One of the key takeaways from this episode is the importance of considering exit strategies when seeking deals in the market. Derek emphasizes the significance of thoroughly understanding budgets, emphasizing that missed prices, rather than misprices, often have a more significant impact.   Furthermore, we touch upon the common oversight of sellers neglecting to thoroughly read loan documents, highlighting the potential risks and implications. Derek's experiences and expertise serve as a valuable guide for real estate professionals in navigating these crucial aspects of the mobile home park business.   Tune in to this episode to gain practical knowledge and insights that will help you make informed decisions and maximize your success in the mobile home park industry. Highlights of the episode: 00:00:37 Guest Introduction & Background: Derek Vickers 00:01:08 How Derek Got Into the Business 00:04:14 About Derek’s Park Homes 00:07:14 The Demand in Tampa Is Endless 00:08:46 How Do You Test Market Demand? 00:13:49 Prospectus 00:18:17 Fannie Mae Financing 00:21:55 Park-Owned Homes Could Limit Your Exits Rate 00:24:34 When Looking for a Deal, Look at an Exit Strategy 00:27:58 “What Ruins the Budget Is Not a Misprice, But a Missed Price” 00:31:56 A Lot of Times, Sellers Don’t Even Read the Loan Docs 00:34:43 Closing 00:45:41 Make Sure to Get All Your Titles 00:46:20 Closing   Connecting with MHP Law:    Website: https://themobilehomelawyer.com/ 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   Connecting with Guest:    LinkedIn: https://www.linkedin.com/in/derek-vickers-0774b146/ Instagram: https://www.instagram.com/derekvickers885/ Linktree: https://linktr.ee/derekvickers885  Website: https://www.victoryrealestategroup.com/   #MobileHomeParkInsights #RealEstateExpertise #InvestmentStrategies

In this episode, Jason Janda, CEO of Rochester Property Group, LLC, a practicing attorney and mobile home park owner and investor, shares his expertise on deal sourcing and due diligence in the real estate industry. He has mentioned an interesting take on possibly using drone videos to attract potential buyers, as well as the differences between refundable and non-refundable deposits.   We also explore safety policies regarding electricity and piping issues that can arise in mobile home parks. Jason shares his insights on how to avoid damage to park infrastructure caused by garage sale signs, and the importance of considering business calculations when making investment decisions.   Additionally, we discuss the legal implications of the eviction moratorium and common legal flaws in the acquisition process. This episode emphasizes the importance of getting zoning right and ensuring all titles are obtained in order to avoid legal challenges down the line.   Throughout the episode, we provide practical tips and advice for those in the real estate industry, and highlight the importance of thorough research and due diligence in making informed investment decisions. Highlights of the episode: 00:00:36 Guest Introduction & Background: Jason Janda 00:05:14 Are You a Man of Your Word? 00:08:44 Drone Video to Bring Further Traffic to Your Property 00:12:07 Non-Refundable vs. Refundable 00:15:41 Electricity Safety Policies 00:18:33 Piping Issues for MHPs in the Seventies 00:22:47 How Garage Sales Signs Ruin the Wood 00:26:09 Putting Less Weight on the Tax Return 00:29:04 Eviction Moratorium 00:34:06 Legal Flaws 00:39:10 Getting the Zoning Right Is a Big Deal 00:43:54 Business Calculation 00:45:41 Make Sure to Get All Your Titles 00:46:20 Closing   Connecting with MHP Law:    Website: https://themobilehomelawyer.com/ 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   Connecting with Guest:    LinkedIn: https://www.linkedin.com/in/jasonjanda/ Website: http://www.rochesterpg.com/    #RealEstateInvestingTips #DueDiligenceMatters #MobileHomeParkInvesting

In this episode, we take a closer look at fair housing laws and the challenges that cities and individuals face in upholding them. We explore the topic of zoning and how it can impact fair housing, as well as the legal action that can be taken against cities that violate fair housing laws. We also discuss the importance of exhausting administrative remedies before pursuing litigation, and how disparate treatment can be a key factor in fair housing cases. Furthermore, we examine a recent law stating that mobile home lots can be abandoned, and the potential for discrimination in this context. Throughout the episode, we provide insightful commentary on the complexities of fair housing law and the ongoing efforts to combat discrimination. We also highlight the importance of advocacy and education in promoting fair housing practices and ensuring equal access to housing for all. Highlights of the episode: 00:01:36 Zoning 00:05:04 Suing of Cities 00:10:42 Exhausting Ministry Remedies 00:11:03 Disparate Treatment 00:14:11 Mobile Home Lot Can Be Abandoned 00:17:01 Proving Discrimination 00:19:17 Closing   Connecting with MHP Law:    Website: https://themobilehomelawyer.com/ 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   #FairHousing #HousingEquity #AdvocacyForAll