3: Jack Martin - The Secrets of Mobile Home Park Investing

The Real Estate Lab

Notes

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For full transcript of the episode, visit www.RealEstateLab.live

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[00:00:30]

Jack's website is www.52TEN.com

Jack's LinkedIn profile: https://bit.ly/31o3RL1

[00:02:16]

Jack's email is [e-mail]

Free Facebook Community: www.EastWestVentures.CO/AIMS

[00:10:57]

A good strategy that a lot of flippers do is to use the profit from flipping 3 to 4 houses to buy 1 free and clear rental. That's what Jack is talking about here.

[00:15:10]

Jack's company website is: www.52TEN.com

[00:17:58]

Jack goes in depth to explain different types of parks here.

[00:24:12]

Phoenix lot rent ranges from $500-$800 per month

Tucson lot rent ranges from $350-$450 per month.

Yuma is as low as $200 per month

Snowbirds in this case are typically retirees who wish to avoid the snow and cold temperatures of northern winter, but maintain ties with family and friends by staying there the rest of the year.

[00:25:19]

Fast way to underwrite MHP:

(Take # of lots in the park x $Current Lot Rent) - Expenses = NOI

Listen to Jack thoroughly in this section to understand how you can quickly underwrite MHP.

[00:27:02]

A cash-on-cash return is a rate of return often used in real estate transactions that calculates the cash income earned on the cash invested in a property.

[00:28:56]

52TEN's motto for due diligence is: We Don't Like Surprises!

[00:29:17]

Orangeburg pipe is bitumenized fiber pipe made from layers of wood pulp and pitch pressed together. It was used from the 1860s through the 1970s, when it was replaced by PVC pipe for water delivery and ABS pipe for drain-waste-vent applications.

[00:29:54]

Here Jack breaks down how he goes about due diligence.

[00:34:36]

MH University: https://bit.ly/2m3oo8L

[00:40:32]

Jack discusses why he thinks MHP is more stable than other asset classes.

[00:48:58]

Jack's morning routine.

[00:56:14]

Jack's website again is www.52TEN.com - Schedule a call with him, this guy is just so amazing!

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