Ep. 200 | Lessons from 24 Mobile Home Park Acquisitions

The Mobile Home Park Lawyer Podcast

Welcome back to the Mobile Home Park Lawyer Podcast! In this milestone 200th episode, we take a deep dive into the lessons learned from 24 mobile home park acquisitions. Host Ferd Niemann reflects on the key takeaways from his deals, covering everything from value-add strategies, zoning battles, tenant challenges, infill processes, and successful exit plans.

Ferd breaks down his business approach to off-market acquisitions, rent increases, submetering utilities, and creative financing. He shares firsthand experiences on how some deals turned out better than expected, while others presented unexpected zoning, tenant, and infrastructure issues. From flipping small parks to stabilizing large ones, this episode offers a candid look at the successes, struggles, and strategies that shaped his portfolio.
Whether you're a new or seasoned investor, this episode is packed with actionable insights on mobile home park investing, value creation, and risk mitigation. Tune in now to hear what worked, what didn’t, and what to watch out for in your next mobile home park deal!

Highlights of the episode:
00:34 – Lessons learned from 24 mobile home park acquisitions
01:18 – Off-market deals, value-add strategies, and infill process
02:41 – Slow turnaround, park-owned home challenges, and eventual success
04:02 – Why strategy matters in acquisitions and resale
05:34 – Zoning and why cities can make or break a deal
07:19 – Infill parks: Costs, financing, and demand challenges
09:01 – Zoning rights and the impact on park expansion
10:45 – Paying a fair price vs. getting a bargain
12:32 – High-density parks: The pros and cons
14:26 – When a park needs drastic changes to improve safety
16:30 – Rural mobile home parks: Logistics and demand struggles
18:03 – Park-owned homes to tenant-owned homes
19:42 – Turning a B-class park into an A-class investment
21:07 – The danger of trusting seller representations
23:00 – When a “hot” market turns out to be slow-moving
25:47 – The most important lessons from 24 mobile home park acquisitions

Connecting with MHP Law:
Website: https://themobilehomelawyer.com/

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LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/

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