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://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/
Are you looking to generate wealth and passive income? Discover solutions to the common legal and operational pitfalls and how to optimize Mobile Home Parks to maximize income. Check us out through our website TheMobileHomeParkLawyer.com
#SmallMHPs
#FundCompromise
#mobilehomeparkinvesting
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