Episode 8 with Derek Vickers
“And so, I would tell people to go all in on something that you know is right. Like, I had a full understanding that these parks - we had done it before in another park - I was like, ‘Dude - these are sure fire things.’ There was no hesitation. If I have to hesitate to wire 50 grand. Then you shouldn't do it. But with the mobile home parks it was like boom, no hesitation.”
Join Glenn as he interviews Derek Vickers, a mobile home park owner from Orlando, Florida. Derek is the owner of 38 mobile park home communities, as well as the owner of Vicktory Real Estate Group. Since leaving his 9-to-5 in the insurance business, he now coaches others in mobile home park investments and hosts the podcast, The MHP Show.
Glenn and Derek discuss:
· Using experience from the insurance business as a real estate investor
· Derek’s first mobile home park property
· Challenges in managing mobile home parks
· Converting park owned homes to tenant owned homes
· Refinancing mobile park home properties
· Mobile home park properties versus apartment properties
· Knowing when to buy and invest in a deal
· Derek’s coaching business and podcast
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