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062: How a newbie can acquire a Mobile Home Park with Glenn Esterson
With more than eighteen years in the commercial real estate business, Glenn has successfully owned and operated mobile home parks, as well as assisting his clients buy and sell mobile home communities throughout the U.S. markets.
Early in his career, Glenn worked with low income housing and conducted apartment sales, condo-conversions and property management. From there, Glenn transitioned into investment sales of mobile home & RV parks throughout the Southeast and Mid-Atlantic and now the entire nation.
In 2019, Glenn was recruited by Marcus & Millichap, Atlanta as a Vice-President to build a national MHP/RV team with an emphasis on the east coast and southeastern markets.
Here are the questions from the podcast:
• What are some of the advantages of owning a mobile home park vs single family homes or multi family buildings?
• Can you walk me through step by step process of acquiring a Mobile Home Park?
• What's the difference between having public utilities vs private?
• What can go wrong for a newbie during due diligence?
• Gotchas to keep in mind while looking for and analyzing a MHP?
• Can you share examples of nightmares you have seen with newbie investors after acquiring MHP?
• Any favorite business or real estate?
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By Alpesh Parmar
5
6161 ratings
With more than eighteen years in the commercial real estate business, Glenn has successfully owned and operated mobile home parks, as well as assisting his clients buy and sell mobile home communities throughout the U.S. markets.
Early in his career, Glenn worked with low income housing and conducted apartment sales, condo-conversions and property management. From there, Glenn transitioned into investment sales of mobile home & RV parks throughout the Southeast and Mid-Atlantic and now the entire nation.
In 2019, Glenn was recruited by Marcus & Millichap, Atlanta as a Vice-President to build a national MHP/RV team with an emphasis on the east coast and southeastern markets.
Here are the questions from the podcast:
• What are some of the advantages of owning a mobile home park vs single family homes or multi family buildings?
• Can you walk me through step by step process of acquiring a Mobile Home Park?
• What's the difference between having public utilities vs private?
• What can go wrong for a newbie during due diligence?
• Gotchas to keep in mind while looking for and analyzing a MHP?
• Can you share examples of nightmares you have seen with newbie investors after acquiring MHP?
• Any favorite business or real estate?