It's like owning a parking lot, Jefferson Lilly explained. And you can earn 20% cash on cash returns too.
That got my attention, though those returns are coming from a surprising real estate niche: mobile home parks.
Jefferson Lilly is a mobile home park investment expert, educator, and industry consultant who has been featured in the New York Times, Bloomberg Magazine, and on the ‘Real Money’ television show.
Through his company Park Street Partners, they currently own about $50 million worth of mobile home parks coast-to-coast.
Jefferson is also the host of the Mobile Home Investors podcast, so it’s fair to say he knows this niche inside and out.
The mobile home park niche doesn’t fit the typical real estate guidelines. It’s a shrinking market and offers some interesting and unique investment opportunities if you know where to look.
In addition to the shrinking supply, the tenant turnover is lower than other real estate niches, and most tenants own their own homes -- meaning lower maintenance costs.
Tune in to hear how Jefferson went from purchasing his first park after receiving 58 "no's" from banks when trying to raise the capital, to forming Park Street Partners and boasting a rapidly growing portfolio with more $50 million invested in mobile home parks.
Full Show Notes and PDF Highlight Reel: 20% Cash on Cash in Mobile Home Park Investing? The Real Estate Side Hustle You Probably Hadn’t Considered
258: 20% Cash on Cash in Mobile Home Park Investing? The Real Estate Side Hustle You Probably Hadn’t Considered | The Side Hustle Show podcast - Listen or read transcript on Metacast
