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#41 - Navigating the World of Mobile Home Park Investments with Shan Barton
Manage episode 424820656 series 3511422
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In this episode, we chat with Shan Barton, a seasoned real estate investor, about his journey from owning single-family rentals to managing mobile home parks. We explore the world of mobile home parks and their unique dynamics. Shan recounts his initial steps in real estate investing, starting with renting out his primary home and realizing the steady cash flow it provided despite high mortgage rates at the time. He also dives into the significant advantages of investing in mobile home parks, such as better cash flow and ease of management compared to multifamily properties. Shan also offers practical advice on acquiring mobile home parks, emphasizing the roles of brokers and direct seller relationships. If you’re currently in multifamily properties and are interested in mobile home parks, this episode is perfect for you.
Connect with Shan:
https://www.linkedin.com/in/shan-barton-688a4a134/
Episode highlights:
(0:00) Intro
(1:14) Introducing Shan Barton
(3:00) Shan Barton's background and first rental property experience
(7:17) Comparing cash flow: Mobile home parks vs. multifamily
(15:50) Importance of knowing your numbers
(18:02) Acquiring mobile home parks
(22:43) All about mobile home park operations
(26:44) Property management responsibilities
(29:21) Differences between RV and mobile home parks
(33:29) Importance of exit strategies
(39:36) Investment appeal of mobile home parks
(51:21) Outro
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For more resources and guides, check these out:
- Investor 101 https://www.aritacapital.com/investor-101-resource/#
- Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/
If you want to learn more, reach out at:
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/aritasteven/
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