Just want to say a big "thank you!" to bigger pockets!!! Started listening to the podcasts 3 years ago and have been a dedicated listener while we get rid of our debt and about to buy our first property by the end of this year! Thanks again for keeping me motivated during this looooong waiting period......🤗
@@michaelvasquez1355 Hey there! Actually I lost my income source which made me have to pivot. I became an agent an investing initially in building my business. How about you? You in the game?
Good stuff. I just bought my first property in an old neighborhood of mobile homes. Seeing this interview is timely for my purposes.Thanks for the info!
The biggest thing I don't understand is why a park owner would not want POHs verses tenant owned homes. For apx twice the rental income. Brandon expresses this query too at 38:45
Because of refi or at time of selling. Banks don’t count POH when lending also they depriciate in value so even if your cash flow increases, the value of the homes decrease + expenses when switching tenants
He always comes in when buying a park thinking of where he has to take it to to sell it, he’s not planning on buying to keep for forever, so to be bankable for the future seller it has to be 80%+ occupied with if possible no POH
Ok so almost every video I see about mobile home investing, actually talks about mobile home parks, rather than individual mobile homes. I guess that individual ones are not such a hot investment.
Hes looking at a separate monitor with the show Host video feed on it while the camera is on separate monitor. But hes giving you a million dollars worth of game and strategy for free. So shut the Fuck up let the man look where the hell he wants!!
I don't think he knows his camera is on. He looks like he's looking out a window and just thinks his audio is being broadcasted. However, he owns 20,000 lots so there is a good chance he looks where the hell he wants to look and doesn't care.
Apparently this mobile home park owner is not in the real world or does own any parks in Florida.. In Florida the lot rent is usually $500-$600-$700/per month
Outside of Chicago land in the lovely suburbs here, the mobile home parks are getting $1,000 per pad baby!! And they are not afraid to charge it! Those parks are packed full
Yep, ahhhhhh yep! Teach yourself all kinds of things you enjoyed on ur journey to where u r now2023! As you learn new things add the journeys and bam! Now ur a person with many gifts to make 🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑never settle for not trying something new!
Man this whole culture is just toxic and is burning me out. Just greed and fake empathy. Like just own what you're doing or do it different. The endless justificatory drama is nauseating.
Very Intersting Interview. Then, my queston is: IF I Build New Mobile Homes and Put Thisin MY Mobile Park HOME, I CAN use the Depreciation for this type the Home? I.E. the IRS Permit the "Normal Home" have the Deprecition fot he 27,5 years for the Home Family and 39 for the Commercial Property. The MOBILE HOME have this Benefity if is the Property of the Proprietary of the LAND in the LAND PARK HOME?
6:45 where it starts. Skip ads
Just want to say a big "thank you!" to bigger pockets!!! Started listening to the podcasts 3 years ago and have been a dedicated listener while we get rid of our debt and about to buy our first property by the end of this year! Thanks again for keeping me motivated during this looooong waiting period......🤗
did you buy your first property katherine?
@@michaelvasquez1355 Hey there! Actually I lost my income source which made me have to pivot. I became an agent an investing initially in building my business. How about you? You in the game?
I’d Zeb
Always appreciate a successful person gave out all his business secrets for free. Thank you
I wonder what about starting your own mobile park from 0. Right now is hard to find deals or to find mobile parks.
Good stuff. I just bought my first property in an old neighborhood of mobile homes. Seeing this interview is timely for my purposes.Thanks for the info!
Wow, super excited to listen to this one later. Just made an offer my 9th & 10th units!
Hey Daniel! What’s up!? 😀
Very good podcast. Frank shared a lot of valuable information.
So much value in this video!! ❤
Thanks Brandon for constantly pumping out golden nuggets like this podcast episode.
How do you appraise a mobile home? How do you know if you are overpaying or underpaying on a lot or individual mobile home on a lot?
Well, listening to this 4 years later and David's prediction at min 4:45 is dead on. Sometimes I think he truly has a crystal ball. Haha
The biggest thing I don't understand is why a park owner would not want POHs verses tenant owned homes. For apx twice the rental income. Brandon expresses this query too at 38:45
Because of refi or at time of selling. Banks don’t count POH when lending also they depriciate in value so even if your cash flow increases, the value of the homes decrease + expenses when switching tenants
He always comes in when buying a park thinking of where he has to take it to to sell it, he’s not planning on buying to keep for forever, so to be bankable for the future seller it has to be 80%+ occupied with if possible no POH
Is it just me, or has Brandon’s beard become even more glorious since his move to Hawaii? LOL!
Deep dive 1:00:41 #Debtfreety
7:30 is where the action starts
Frank knows his stuff. Mobile park SME!
Very informational & inspirational... Frank's got the money but David has a better web camera and I would love to know the make and model. Thanks.
Thanks all 3 !
Brandon, how to structure the seller's finance?
Is it me or is Brandon so giddy in the beginning of the interview 😂
Fire🔥🔥🔥🔥
does anyone know where the video went "what john Oliver got right and wrong about mobile home parks"???
it was removed before I could see it
Kklokkkawkls about what I did llllllloooooouhhhhuuuuuuuuuuuuuuuuuuuukkkkkkl
Mmkkjiiii to go
Ok so almost every video I see about mobile home investing, actually talks about mobile home parks, rather than individual mobile homes. I guess that individual ones are not such a hot investment.
The homes depreciate and are hard to get loans on, not a great investment. The money is in the land
Thank you for doing a response to John Oliver show.
Why won’t he look at the camera to talk lol
seems to have a condition...
When you have 20,000 lots, you can look how you want to look.
I was thinking the same thing. I’m sure he’s different in person, though I’ve met people like that too.
I wonder if he’s looking at the monitor, but has a separate camera...
Hes looking at a separate monitor with the show Host video feed on it while the camera is on separate monitor. But hes giving you a million dollars worth of game and strategy for free. So shut the Fuck up let the man look where the hell he wants!!
So my blog post with john oliver when i tagged you and murdock made it to the podcast, nice.
His neck had to have hurt after this
Are there any left for me to buy, lol?
There are two books titled Patton.
So basically, you should not rent a mobile home unless you own the land, or the entire mobile home park?
I don't think he knows his camera is on. He looks like he's looking out a window and just thinks his audio is being broadcasted. However, he owns 20,000 lots so there is a good chance he looks where the hell he wants to look and doesn't care.
Yes! right on ….they are the solution. I’m currently in a mobile home park and I’m able to have more money in my pockets than before.
best episode ever. thanks brandon and the other dude (sorry, forgot his name).
. He is also co-owner of Mobile Home University. His business model and the business model he teaches have been criticized as being unethical.
Lot rent in Lakeland Fl $850
does he look to the side when he speaks publicly?
No. I have listened to Frank speak twice in person and he does not look to the side. He has a very good presentation to himself in public
@@kylegrimm He's a slimy asshole. See John Oliver's video of this scumbag.
He is looking at interviewer
Apparently this mobile home park owner is not in the real world or does own any parks in Florida.. In Florida the lot rent is usually $500-$600-$700/per month
Joyce Cooper, he's talking on a scale of the entire country. I know it's hard to imagine, but there's a lot more country than just Florida!
Outside of Chicago land in the lovely suburbs here, the mobile home parks are getting $1,000 per pad baby!! And they are not afraid to charge it! Those parks are packed full
Yep, ahhhhhh yep! Teach yourself all kinds of things you enjoyed on ur journey to where u r now2023! As you learn new things add the journeys and bam! Now ur a person with many gifts to make 🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑never settle for not trying something new!
Preying on the poor is an excellent method to booking first class tickets to hell
❤🤙
"The Man Who Bought the Waldorf" $9,000-$12.000 online. WOW!!!!
Man this whole culture is just toxic and is burning me out. Just greed and fake empathy. Like just own what you're doing or do it different. The endless justificatory drama is nauseating.
What culture do you mean? Land-lording in general or specifically the mobile home stuff?
I like him tho it’s just something about dude
Shame on you for being supportive of a criminal, causing people to loose thier homes
Frank what the hell are you looking at we're over here look at your screen! What the hell are you doing?? Good grief how distracting
First!
60,000?? How many people does he have working for him?? 200 maximum
Probably more like 200 minimum. Especially in the mobile home market where turn over is a little higher and repairs are more frequent.
300 employees
jean lenor that’s what I figure. I think it would be hard to manage that many tenants with a small team.
kkk
Very Intersting Interview. Then, my queston is: IF I Build New Mobile Homes and Put Thisin MY Mobile Park HOME, I CAN use the Depreciation for this type the Home? I.E. the IRS Permit the "Normal Home" have the Deprecition fot he 27,5 years for the Home Family and 39 for the Commercial Property. The MOBILE HOME have this Benefity if is the Property of the Proprietary of the LAND in the LAND PARK HOME?