Mobile Home Park Investors With Jefferson Lilly & Brad Johnson

Welcome to episode 18 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, Jefferson and Brad follow up on episode 17, which was all about taxes and only briefly touched on depreciation. Today’s episode will focus exclusively on depreciation and will get into details on why mobile home parks are such a great tax strategy to legally shelter income through accelerated depreciation.   Key Takeaways: [1:35] It doesn’t really matter how much you make, it matters how much you keep. [2:41] “Mobile home parks are just land.” “There are no assets to depreciate.” “Land is not depreciable; therefore mobile home parks have no depreciation.” - WRONG! [3:42] Jefferson gives a rundown of what this asset class actually is. [4:09] On average, you can probably depreciate about 75-80% of the mobile home park’s purchase price. [4:31] Not only do parks kick off a lot of cash flow relative to other asset classes in real estate, but the vast majority of that in