Making Millions with Manufactured Housing: Insights from Armand Violi
Episode description
Episode 56 – Armand Violi
“Dude, I can't [with] like new people in the industry. I can't communicate with them hard enough. Like, are you trying to just park your money somewhere? Or are you trying to make money? Because if you're trying to make money, you don't want 100% lot rents, direct build city utilities, 100% occupied renter at market at a seven cap because there's no upside. The whole point of real estate is you buy it. Rehab it, increase the value, refi or sell, move on to the next. And like so many new buyers are so obsessed with 'what's my going in cap rate, what's my day one cashflow.' But it's like, are you in the game to add value? Are you in the game to where like you're so rich, you're just parking money elsewhere? Cause if that's your game, you're probably not buying, you're not a first-time buyer. You know what mean?”
Join me this week as I interview Armand Violi, real estate expert, entrepreneur, and founder of MHPvalue.com. Armand first started in the real estate industry in 2018 working under top-producing Florida real estate agents. In 2020, after seeing that the residential market was a slow path to scale, he joined Enon Winker at Other Street Advisors to focus on commercial real estate and manufactured housing communities. In his first year, he closed over $10 million in transactions but also saw an opportunity to create technology to improve lead generation and marketing. This led him to create MHPValue.com. Since then, he has sold over $150M+ in deals and has become one of the most prominent brokers in the manufactured housing and mobile home park community.
Armand and I discuss:
- His journey from residential real estate to manufactured housing communities
- Unique challenges and opportunities with MHPs
- Strategies to succeed in the MHP market
- New developments and the future of manufactured housing
- The significance of local market dynamics and relationships
- The importance of cash flow vs. long-term value with investors
- Using value-add strategies to maximize returns
- MHPs as a solution to the affordable housing crisis
- The losing battle of park-owned homes
- Exploring fund structures for MHPs
LinkedIn: https://www.linkedin.com/in/armandvioli/
YouTube: https://www.youtube.com/c/ArmandVioli
IG: https://www.instagram.com/armandvioli/
LinkedIn: https://www.linkedin.com/in/armandvioli/
Email: [email protected]
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