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Ep. 29 Mobile Home Park and Negotiation Expert Major Hillard
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Manage episode 184863912 series 1435442
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Major Hillard is a mobile home park buying investor and is buying mobile homes. He is an experienced entrepreneur and investor from Virginia and is buying both single wide and double wide mobile homes and has now been buying full mobile home parks in multiple markets. Major discusses the pros and cons of buying mobile homes and mobile home parks and he goes over how he structures and finances these mobile home deals. Major is also a coach and trainer to mobile home investors and is looking to partner on deals all around the country.
MH Estates, LLC - www.mhestatesllc.com
804-629-1700
Show Notes:
00:00 – 01:25 Introduction
01:25 – 03:40 What Major does and how he started?
03:40 – 09:33 Mobile home parks vs. mobile homes on their own land?
09:33 – 17:30 Installment sale. The main strategy for single unit mobile home.
- Get your original investment out as quick as possible; you want to cash yourself out!
- Do not do carpet!
- Do not rent your properties, use installment sales.
17:30 – 20:40 Why mobile homes are a good investment?
20:40 – 32:26 Price points and evaluation?
- Talk to park manager
- Watch for parks that allow investors
32:26 – 35:30 What to do once you buy a mobile home?
- Look for return of 2,5 to 3 times of your initial investment
- Down payment higher than 20%
35:30 – 48:15 Majors first mobile home park. The Process of buying the park.
48:15 – 61:20 How to scale up?
- Ask – What is the situation, how can I help?
61:20 – 68:00 How to contact Major?
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