Mobile Home Investing vs Single Family w/Walter Johnson
Watch on YouTube!
Or listen wherever you podcast!
Episode Description
Welcome to the Freedom Point Real Estate podcast! Guest Walter Johnson joins Jeremy Dyer to share parts of his real estate journey and discuss the benefits and dealings of mobile home park investment.
Walter Johnson is a renowned entrepreneur, real estate investor, and Keynote speaker. Walter founded Sonos Capital, a real estate investment firm that provides opportunities for individuals to invest in mobile home parks across the country.
CONNECT WITH WALTER JOHNSON!
Website: https://sonoscapital.com/
LinkedIn: https://www.linkedin.com/in/walterjohnson2/
CONNECT WITH JEREMY DYER!
Website: https://startingpointcapital.com/
Instagram: https://www.instagram.com/startingpointcapital/
LinkedIn: https://www.linkedin.com/in/jeremydyer
Facebook: https://www.facebook.com/startingpointcapital
Book a Call! https://calendly.com/startingpointcapital/discuss-investing-with-jeremy-dyer?month=2023-12
Summary
Tip #1: Recognizing Inefficiencies in the Market
Johnson highlights the fragmented nature of the mobile home park industry, where many owners are aging and operate with outdated practices. He emphasizes the opportunity for investors to capitalize on inefficiencies, streamline operations, and increase property value.
Tip #2: Focussing on Cash Flow
Prioritize cash flow over appreciation when evaluating mobile home park investments. Johnson explains how mobile home parks offer consistent cash flow from day one, providing a stable income stream for investors.
Tip #3: Leveraging Depreciation Benefits
Take advantage of depreciation benefits unique to mobile home parks, such as accelerated depreciation over 15 years. Johnson discusses how bonus depreciation can further reduce taxes for investors.
Tip #4: Timing the Market
With interest rates potentially decreasing in the future, Johnson advises investors to seize the current opportunity to invest in mobile home parks. He predicts that as rates drop, real estate prices will rise, making now an optimal time to enter the market.
Tip #5: Repositioning Assets for Value Creation
Implement strategies to reposition mobile home park assets, such as raising rents to market rates and reducing expenses. Johnson explains how these initiatives can significantly increase property value and investor returns.
Tip #6: Community Engagement and Impact
Invest in mobile home parks not just for financial gain but also to positively impact communities. Johnson emphasizes the importance of sponsoring local events and supporting residents to create thriving and inclusive environments.
Tip #7: Diversifying Investment Portfolio
Consider diversifying your investment portfolio by adding mobile home park assets. Johnson discusses the resilience of mobile home parks during economic downturns and their potential for long-term growth.
Tip #8: Leveraging Experience as the Best Teacher
Recognize the value of experiential learning in real estate investing. Johnson encourages investors to learn from hands-on experience rather than relying solely on books or courses.
Tip #9: Seeking Mentorship and Guidance
Reach out to experienced professionals in the mobile home park industry for mentorship and guidance. Johnson offers his expertise and encourages listeners to connect with him for personalized advice.
Tip #10: Developing Long-Term Vision and Goals
Develop a long-term vision for your real estate investment journey. Johnson shares his goal of acquiring 1,100 spaces per year and emphasizes the satisfaction derived from creating positive impact through investments.
