Mobile Home Park Investing Myths vs Reality | Brad Johnson

Brad Johnson breaks down mobile home park investing—debunking myths, sharing value-add strategies, and explaining why this asset thrives in housing crises.

In this episode of RealDealChat, Jack sits down with Brad Johnson, co-founder of Vintage Funds, to discuss why mobile home parks are one of the most misunderstood—and potentially profitable—asset classes in real estate.

Brad explains why one in 20 Americans lives in a mobile home, how this sector solves the affordable housing crisis, and why stigma keeps many investors out of the space. He also shares his approach to building long-term cash flow rather than chasing short-term IRRs.

Here’s what you’ll learn in this conversation:

• Why mobile home parks still suffer from stigma (and why that’s an opportunity)
• The difference between “trailer parks” and manufactured housing communities
• Why consolidation is slow and why mom-and-pop operators still dominate
• How forced appreciation (or “operational alpha”) drives value in parks
• The importance of seller financing and building trust with owners
• Tax advantages of mobile home park investing (bonus depreciation & cost seg)
• How professional management changes tenant experience
• Why long-term cash flow beats short-term flips in this niche

📌 Learn more at VintageFunds.com

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Timestamps

00:00 – Why mobile home parks solve the affordable housing crisis

02:00 – Breaking the stigma of “trailer parks”

03:00 – Consolidation trends & mom-and-pop sellers

05:00 – Why cities resist new park development

06:00 – From one-star to five-star parks explained

07:00 – Operational alpha & forced appreciation strategies

09:00 – Long-term cash flow vs quick flips

10:00 – Seller financing as the best entry point

12:00 – Brad’s journey into mobile home parks

13:00 – Multiple income streams in mobile home parks

14:00 – Tax advantages: depreciation & cost segregation

16:00 – Due diligence tips for new investors

18:00 – Why relationships with sellers & tenants matter

20:00 – Working with communities & tenant support programs

22:00 – Federal/state programs that help with improvements

24:00 – Transitioning mom-and-pop parks to professional management

26:00 – Why mobile home parks are vital for affordable housing

27:00 – Rapid fire: lies, advice, book picks & time-saving tools

#RealEstateInvesting #MobileHomeParks #AffordableHousing #PassiveIncome #CashFlowInvesting #RecessionResistant #VintageFunds #BradJohnson #RealDealChat #RealEstateFunds #ManufacturedHousing #ForcedAppreciation #TaxBenefitsRealEstate #AccreditedInvestors #LongTermCashFlow

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