What comes to mind when you hear the term Mobile Home Park?
Well, if you've done your homework on it you'd find that it's like owning a large scale ATM machine without the hassles of the toilets and maintenance necessarily associated with owning the structure on a property.
Today's Podcast hosted by Joe Mueller of TANIS Group LLC and TANIS Group Realty interviews Jack Baczek of Marvel Equity. Jack started his real estate investment career just 8 short years ago, and still at the young age of 31 is acquiring a large scale portfolio of both Mobile Home Park and Apartment units. Jack dove into real investment FULL TIME and hasn't looked back since! Can you remember what you were doing at the age of 30? :)
Jack has been involved in acquiring, re-performing, holding, selling as well as wholesaling mobile home parks in the "Rust Belt" of the US. We dig into the difference between owning the structure vs. just renting the land, MHP ROI and Cash on Cash returns, as well as his experiences in the apartment building business.
If you are interested in what opportunities exist in the Mobile Home Park investment market or are just curious about how it can be done, stay tuned!