Mobile Home Park Investors With Jefferson Lilly & Brad Johnson

This is part 2 of the discussion on initial off-site diligence you can do prior to buying a mobile home park. Jefferson Lilly and Brad Johnson, with the Park Street Partners, continue their discussion from episode 4 (part 1), which covered due diligence you can do via desktop research and things to look for in financials. On this episode, they will advise on what to look for in the infrastructure of a park and how to handle a first call with the seller.   Key Takeaways: [1:35] What is the most important aspect of a park's infrastructure? [2:15] Determining if a park is on the public utilities system: city water & city sewer. [4:46] A park that is on the septic system presents a high-risk investment. [7:40] Park infrastructure: Master-metered gas and electric lines. [9:36] What options do you have if you get a gas leak and have to shut down service? [12:00] You can have someone check out the electric load of a park on-site. [12:35] Understanding what is going on with the water infrastructure. [13:40] Fixin