Mobile Home Park Investors With Jefferson Lilly & Brad Johnson

On part 1 of this two episode podcast, Jefferson Lilly and his partner Brad Johnson, with the Park Street Partners, will provide resources and advice on doing off-site diligence before deciding to buy a mobile home park. This is the part when you first get a deal and are beginning to decide if you want to pursue it, which can be a scary moment. Jefferson and Brad will outline how you can do a fair amount of diligence by doing desktop research and making phone calls. Part 2 (episode #5) will cover on-site diligence, which is done after you’ve got your property under contract.     Key Takeaways: [02:13] Due diligence on a mobile home park in 30 seconds or less – The first 15 seconds [04:37] The next 15 seconds of your diligence [06:27] The 30 seconds of diligence – Summarized [07:15] Researching if demographics support a successful park investment [08:09] Demographics data – What to look for? [09:48] Refer to multiple websites and verify the accuracy of the data [11:08] Markets that meet demand for mobile home