Mobile Home Parks In Real Life (mhp_irl)

Are vacant pads upside? What goes into that process? How do you value an infill opportunity? In this episode, we'll take a deep dive into vacant pads and how they may, or may not, fit within your strategy.   http://www.archimedesgrp.com/   #MHP #MHP_IRL Join our Facebook group! https://www.facebook.com/groups/225028118382839/?ref=bookmarks

First and foremost thank you, the listeners, for making MHP_IRL exceed any expectations I ever had. If we are going to combat slumlordism together, I figure, not only do I need to keep this FREE, and be available for you to jump on calls with you, but also, I’ll need to double down This year, you can expect a skills series where I take deep dives into the skill sets you’ll need to thrive I’m going to ask industry leaders tough questions, like why don’t some MHPs trade? What big risks do people overlook? And why do people struggle achieving the deal flow they need? Join me, for Season 3 of MHP_IRL http://www.archimedesgrp.com/podcast https://www.facebook.com/groups/225028118382839/

At the end of the day, you're buying a business. If you'd approach buying a business like a restaurant or plumbing company differently than you would approach educating yourself to buy a MHP, then maybe you should rethink how you are approaching MHPs. On this Mid Month Wisdom, I'll push you to shift your mindset. http://www.archimedesgrp.com/ #MHP #MHP_IRL Join our Facebook group! https://www.facebook.com/groups/225028118382839/?ref=bookmarks

Can't find all TOH MHPs to buy? Why not just buy all POH and just sell them off? That's simple, right?  As with anything in life, it turns out, it's a bit more complicated than that. On this episode, I'll walk you through this old school strategy, sparing little details, so you can decide if this strategy fits your endgame. #MHP #MHP_IRL #Differentiate http://www.archimedesgrp.com/

Are you overconfident? You might be. However, that might also be exactly what you need. Astronauts needed, to a certain degree, to be overconfident. But then again, so do scammers. On this Mid Month Wisdom, we'll break down overconfidence traps and how you can avoid them.

Glenn owned a MHP during the "Golden Age", survived the recession, grew up poor, and then sold 30+ MHPs in 2018. Glenn knows MHPs. Find someone with a better pulse on the market than him. On this interview, Glenn spares no details as he discusses how to win over brokers, to what pitfalls no one is talking about.   Glenn Esterson 423-483-0492 gesterson@themhpexpert.com https://www.themhpexpert.com/

Remember when the 10 cap reigned supreme? It turns out, we missed that train. So the 8 cap became the new gold standard. But even that died years ago. Enter the 6. On this Mid Month Wisdom, we'll explain why the 6 is the new 8.

On part 2, we will cover market sizes and various miscellaneous strategies. http://www.archimedesgrp.com/

MHPs come in all shapes and sizes. So how do you know which suit you and your strategy the best? On this episode, we will analyze the different types of MHPs, their pros and cons, and how you can narrow your search field to focus on properties that fit your personal strategy.

MHPs are "easy to manage", "give high returns", and "no one is talking about them". Or are they? More specifically, does that really make MHPs unique within the real estate space? On this MMW, I'm going to push back on those supposedly unique aspects of MHPs and explain why they could be damaging to you.

Unethical entrants into the MHP space have landed spots in publications from Time Magazine to John Oliver's "Last Week Tonight". Bad behavior resulted in restrictive legislation in New York state and threatens to spread. But what's being done to curb the spread? And worse, are they getting away with it?   On this episode, I'm going to hit you with some uncomfortable truths. But that's ok. That just means you're one of the good guys. Together, we can raise awareness to bad behavior and hopefully affect positive change, together.

Our industry is in dire need of strong value-add groups. But I've heard too many people wanting to buy "value-add" deals without a plan. This could pose a serious threat to buyers, investors, residents, and the industry as a whole. On this MMW, I'm going to encourage y'all to take on value-add projects, but to show up prepared.

Ever curious how people justify high prices? After 4 years of networking my tail off, I can now confidently speak to how the biggest operators, the newest of the new, and everyone in-between, think. On this episode of MHP_IRL, I'm going to explain how smart people justify some pretty wild stuff!

On this MMW, I'm going to juxtapose two properties we purchased within two weeks of each other that performed very differently. The lessons learned there will help you improve your underwriting.

2 > 1 but only if you find the right partner. Partnerships, like financial leverage, either multiply your output, or amplify your misery. Ian Tudor, co--founder of Archimedes Group, joins MHP_IRL to discuss ways you can find a solid partner to help multiply your output.

Can you have a heart in this business? You've got to fight to keep you community safe, clean, and fair. Often times, this involves heartless decisions. On this Mid Month Wisdom, I'll talk about ways you CAN have a heart, while being fair to all.

I think you SHOULD get into MHPs, but with PROPER expectations. And that's why I'm here. We have a chance to usher in a new era for MHPs, and to do that, I want to provide you with the tools necessary to get started and to grow. I'll expose raw and uncomfortable realities that'll help you understand what's really going on within the space.  We’ll talk about deal sourcing, structuring partnerships, property management, negotiation, persuasion, marketing, overcoming your own psychology, and so much more We can shape the future together. Join me. Welcome, to MHP_IRL.

"I'm going to kill everyone in the office with my shotgun". How would you react to that? A corroborated threat turned into a test of all my skills. Listen in as I tell the tale of how my life, as well as the life of my fellow employees, was threatened. And how we escaped with our lives.

The Austin Powers movies provided us with more than just laughs. It brings levity to the excuse loop we all fall victim to. On this Mid Month Wisdom, we will discuss what the Real Estate equivalent excuse loop and how one passionate home flipper found a way to escape it.

If you want off market deals, the best way is via a database and direct out reach. But for purchase databases can be outdated and/or expensive. The Database Legend himself, Charles DeHart, joins us on this episode to discuss how he built his and how he overcame the odds to become a successful entrepreneur.