Episode 89: Unlocking $30M Mobile Home Park Success with Andy Freeman

Andy Freeman, owner of Mobile Home Parks and founder of Enjoy Capital Group and Enjoy Communities, shares his journey into the mobile home park industry. With an impressive portfolio of $30 million spanning across 18 communities, Andy explains the advantages of investing in mobile home parks, including the tenant-owned model and the potential for long-term, stable income. He emphasizes the importance of building genuine relationships with sellers and creating great communities within the parks. He also discusses the challenges and barriers to entry in the industry, as well as the need for strategic planning and delayed gratification in order to achieve long-term success.

Enjoy this episode on your favorite podcast platform

✅ Apple → https://podcasts.apple.com/gb/podcast/unlocking-$30m-mobile-home-park-success-with-andy-freeman/id1625806145?i=1000642206711
✅ Youtube → https://www.youtube.com/watch?v=WyvNPZ_LoTE


Let’s Stay Connected

✅ LinkedIn →  https://www.linkedin.com/in/hannes-hennche/


Connect with Andy Freeman

✅ LinkedIn → https://www.linkedin.com/in/freemanandy/
✅ Website→  https://enjoycapitalgroup.com/


Time Stamps

01:13 Discovering Mobile Home Parks
04:58 Advantages of Mobile Home Parks
06:55 The Tenant-Owned Model
09:17 Creating a Great Community
11:58 Challenges and Barriers to Entry
13:41 Limited Supply and Value Appreciation
15:51 Motivations for Selling Mobile Home Parks
19:51 Building Genuine Relationships with Sellers
23:52 Investing for Freedom and Lifestyle
27:56 Transitioning from a Sales Job to Real Estate
30:47 Avoiding Lifestyle Creep
34:52 Delayed Gratification and Long-Term Success
38:48 The Pressure Tactics of Car Salesmen
45:12 Increasing Sales by Taking Leads at Odd Hours


Quotes

"The best time to buy is always five, 10 years ago, right? But then the second best time to buy is right now."

"They want to go someone that's going to treat it right and kind of carry on their legacy."

"Being one of the common folk is what they want."

"Not to brag, but I mean, I had years, mid 300,000 selling cars. I made over a million in five years selling Toyotas."

"Many of the wealthiest, well-off people, you know, they're buying Toyotas. So, they're not even flashy people; they're just really relaxed."

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