47 min
#70 with Daniel Weisfield: How to Scale to 30 Trailer Park Units in 3 Years Millennial Millionaire Real Estate Podcast
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- Investing
In this episode, Jonathan Farber interviews Daniel Weisfield on his journey from his first venture into mobile home parks out of a corporate job to operating 30 parks in five states only three years later. Daniel is a mobile home park syndicator based in Oakland, California. In this episode, we dig into topics like: the benefits of mobile home parks, learning how to invest in mobile homes, getting started in mobile home investing, and more!
Top Takeaways:
What makes mobile home parks the ideal investment - 9:00 - 12:00
As one of the most affordable housing types, they will always have occupants
Because tenants own their own homes, they are more deeply invested in their housing
Tenancy trends higher than in apartments
They also fill the need for affordable housing
How to learn the process of mobile home investing- 23:45 - 25:30
The best way to get started is doing a deal
This doesn’t even have to be in mobile homes, any property will teach you
You’ll learn everything you need to know in the process
You’ll also learn whether or not real estate investing is right for you
Getting started investing in mobile homes - 25:45 - 28:00
Once you have some initial experience, look for mobile home parks
LoopNet and Mobile Home Park Store are good resources
The deals you’ll find there will likely be smaller but a better fit
Early in your journey you’ll have more time and effort to spend
These deals also often have slightly higher returns
How to bring value to Daniel Weisfield:
Mobile home park deals
Investors with the buy and hold forever philosophy
Resources:
loopnet.com
mobilehomeparkstore.com
Social Links:
threepillarcommunities.com
info@threepillarcommunities.com
Connect With The host, Jonathan Farber Here!
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
FaceBook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
In this episode, Jonathan Farber interviews Daniel Weisfield on his journey from his first venture into mobile home parks out of a corporate job to operating 30 parks in five states only three years later. Daniel is a mobile home park syndicator based in Oakland, California. In this episode, we dig into topics like: the benefits of mobile home parks, learning how to invest in mobile homes, getting started in mobile home investing, and more!
Top Takeaways:
What makes mobile home parks the ideal investment - 9:00 - 12:00
As one of the most affordable housing types, they will always have occupants
Because tenants own their own homes, they are more deeply invested in their housing
Tenancy trends higher than in apartments
They also fill the need for affordable housing
How to learn the process of mobile home investing- 23:45 - 25:30
The best way to get started is doing a deal
This doesn’t even have to be in mobile homes, any property will teach you
You’ll learn everything you need to know in the process
You’ll also learn whether or not real estate investing is right for you
Getting started investing in mobile homes - 25:45 - 28:00
Once you have some initial experience, look for mobile home parks
LoopNet and Mobile Home Park Store are good resources
The deals you’ll find there will likely be smaller but a better fit
Early in your journey you’ll have more time and effort to spend
These deals also often have slightly higher returns
How to bring value to Daniel Weisfield:
Mobile home park deals
Investors with the buy and hold forever philosophy
Resources:
loopnet.com
mobilehomeparkstore.com
Social Links:
threepillarcommunities.com
info@threepillarcommunities.com
Connect With The host, Jonathan Farber Here!
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
FaceBook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
47 min