Low Competition Investing in Small to Midsize Mobile Home Parks with Charlotte Dunford

Passive Wealth Strategy Show - Real Estate for Busy Pros

Charlotte is a graduate of The Georgia Institute of Technology where she earned her B.S. in Business with a focus on business analytics and technology. Charlotte, along with her business partners, currently sponsors the repositioning of 25 value-add and turnaround mobile home parks.

[00:01 – 06:23] Opening Segment

• Get to know Charlotte Dunford
• 24 mobile home parks across 10 different states
• How an immigrant from China became passionate in real estate
• Investing through escaping competition
  • From Zero to One

[06:24 – 12:57] Low Competition Investing in Small to Midsize Mobile Home Parks

• How to Make Small to Medium Home Parks Work
• Know how cap rates and the economy affect MHP
• Mom and Pops in the MHP Space
• There is no such thing as ‘no record’ and sellers tend to inflate their books

[12:58 – 29:16] MHP Financing and Management

• Structuring a seller finance note for small and mid-size MHP homework
• Longer balloon times are part of the offer!
• Tenant-owned homes versus park-owned homes
• You have to be ready for your uniqueness
• On-site management of smaller MHP
• Charlotte’s scaling plans and exit strategies

[29:17 – 37:53] Closing Segment

• Quick break for our sponsors
  • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com
• What is the best investment you've ever made other than your education?
  • Learning about the American Society at 16
• Charlotte’s worst investment
  • An experience in a single-family home
• What’s the most important lesson you learned in business and investing?
  • “It’s a team sport.”

Connect with Charlotte Dunford through https://www.johnscreekcapital.com/ and diversify your portfolio with mobile home parks.

Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

Tweetable Quotes:

“The reason why small mobile home parks are attractive is because it is not as competitive. That drives the prices lower and you are able to get a more attractive deal and getting the right deal is the most important thing.” – Charlotte Dunford

“It’s important to have a longer balloon time.” – Charlotte Dunford

“There’s always going to be competition so you have to create a monopoly.” – Charlotte Dunford