Episode 18 with Andrew Keel
“Yeah, I mean, I really believe in not only the asset class as an investment but also in adding affordable housing to markets that need it. I've been there where like we've been able to bring in 40, 50 homes and fill them up with people that were like, “Hey, I was commuting an hour to get here to my mom's house every day to take care of her because there was nothing I could afford in town. You guys brought in these 40 homes and now I live right down the street from her. Like I'm super grateful.”
Join Glenn as he interviews Andrew Keel, the CEO of Keel Team Real Estate Investments, a “MHU Top 100” owner of manufactured housing communities. Andrew’s team currently manages 43 mobile home parks across the country with over 3,000 lots under his management. In his spare time, Andrew also hosts The Passive Mobile Home Park Investing Podcast.
Glenn and Andrew discuss:
· His start in flipping homes and single family rentals
· His first mobile home purchases
· Mobile home park syndication
· The impact of Lonnie Scruggs and Deals on Wheels
· Working with “mom and pop” MHP owners in the Midwest
· The process of refinancing an MHP
· Scaling with MHP ownership
· Andrew’s article and work as council member with Forbes
· Sacrificing cash flow to hire team members
· Providing affordable housing with MHPs
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