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In this episode of The MHP Show Podcast, hosted by Derek Vickers, they explore the world of mobile home park investing with a special guest, Jordan Savitsky.
Welcome to the MHP Show, your go-to podcast for learning how to buy and operate mobile home parks successfully while still working a full-time job..
In this episode, Mike Conlon joins Derek Vickers to share his 20-year journey in mobile home park investing, from his start in 2005 to building a portfolio of over 6,000 lots.
Mike shares invaluable insights on scaling a MHP business, managing value-add projects, and adapting to the evolving market landscape.
Key Takeaways:
- Evolution of MHP Industry: From mom-and-pop operations to institutional investments
- Project Management Challenges: Insights on managing multiple value-add projects and infrastructure upgrades
- Importance of investing in quality managers and proper compensation
- Shift from pure cash flow focus to IRR-driven investments
- Affordable Housing Crisis: Current market dynamics and supply constraints
- Success Principles: Taking action, building resilience, and finding the right business formula
Resources from Guest:
🔗 Mike's Book: "Unconventional Wealth" (Published 2015)
🆓 Resources to Boost Your MHP Success:
● Download Our Free Ebook: https://vicktorycapital.com/free-ebook
● Schedule a Strategy Call: https://derekvickers.com/free-strategy-session
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