Passive Mobile Home Park Investing

Andrew Cramer’s $300 Million Mobile Home Park Investing Journey


Listen Later

Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel.
In this episode, Andrew Keel sits down with Andrew Cramer, Founder of Bridgeview Asset Management, to discuss what it really takes to succeed in mobile home park investing.

Since 2011, Andrew Cramer has acquired and managed over 3,000 mobile home park units, building a portfolio valued at more than $300 million. He shares his unique journey from chemistry and hedge funds to mobile home park investor, offering insights into both the operational and investor sides of the business.

Andrew Keel and Andrew Cramer dive into the lessons learned from building a high-performing mobile home park team, executing a game-changing mobile home park deal that reshaped his strategy, and navigating the brokerage community. They also cover the importance of understanding the towns and people behind each mobile home park, breaking common industry stigmas, and strategies for scaling a mobile home park investment portfolio successfully.


Topics covered in this episode:

  • Andrew Cramer’s journey from chemistry and hedge funds to mobile home park investing
  • Learning the mobile home park business through trial and error
  • Building an investor-focused mobile home park team and processes
  • Executing a transformative mobile home park acquisition
  • Navigating the mobile home park brokerage community
  • Why understanding the town and people behind each mobile home park matters
  • Common mobile home park investing myths
  • Andrew Cramer shares key lessons from scaling thousands of mobile home park units, building a strong team, and evaluating communities—insights every investor and operator can use.

    About Andrew Keel
    Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages more than 50 manufactured housing communities across 15+ states.

    Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes:

    • Bringing in mobile homes to fill vacant lots.
    • Implementing utility bill-back programs.
    • Improving overall management and operating efficiencies in mobile home parks.
    • These strategies can significantly boost both asset value and net operating income. Learn more at keelteam.com

      Check out Andrew’s FREE e-book: “The Top 20 Things You Need to Know Before You Start Investing in MHPs” — available on our website: https://keelteam.com/top-20-things-learned-from-mobile-home-park-investing/

      Andrew has been featured on some of the top podcasts in the manufactured housing space. Listen to his most recent interviews here: keelteam.com/podcast-links.

      To successfully implement his management strategy, Andrew’s team often relocates on-site during the first several months of ownership. Find out more about Andrew’s story at andrewkeel.com

      Support the Show
      Are you getting value out of this podcast? If so, please head over to iTunes and leave a quick five-star review. Our goal is to hit over 500 total 5-star reviews, and it would mean the world to us if you could help us get there. Thank you for making our day with your support!

      Apple Podcasts (iPhone, iPad, or Mac users)                                                                           Leave a Review on Apple Podcasts                                                                                     (Open the link, scroll down to “Ratings & Reviews,” then tap “Write a Review.”)

       

      Want to see mobile home park projects in progress? Follow us on Instagram: @passivemhpinvesting for photos and videos from our latest acquisitions.


      Talking
      Points:

      00:21 - Welcome to The Passive Mobile Home Park Investing Podcast
      01:20 - From chemistry to real estate: Andrew Cramer’s journey to mobile home parks
      08:35 - Education by trial and error
      11:45 - Lessons learned from working in hedge funds
      17:35 - Andrew Cramer’s current mobile home park team and investment processes
      25:20 - The mobile home park brokerage community
      30:15 - Andrew Cramer’s game-changing mobile home park deal
      43:49 - Lightning round: Montana, New York, myths, and rent control
      49:00 - Why understanding the town and people behind each park matters
      52:40 - How to connect with Andrew Cramer
      53:45 - Conclusion

      SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ

       

      Links & Mentions from This Episode:

      Bridgeview Asset Management: https://www.bridgeviewassetmanagement.com/

      Andrew Cramer on LinkedIn: https://www.linkedin.com/in/andrew-cramer-43b5b513a/

      Keel Team’s official website: https://www.keelteam.com/ 

      Andrew Keel’s official website: https://www.andrewkeel.com/  

      Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel 

      Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast

      Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/

      Twitter: @MHPinvestors

        

      Quotes:

      “It’s interesting how the way you start is often how you keep doing things.” - Andrew Cramer

      “That, to me, is tremendously rewarding when you’re able to provide something. You can start to build out a community just by doing these things that no one wants to do.” - Andrew Cramer

      “Sometimes being right isn’t as important as understanding that you’re going to have to figure out how to get along with someone.” - Andrew Cramer

       

      ...more
      View all episodesView all episodes
      Download on the App Store

      Passive Mobile Home Park InvestingBy Andrew Keel

      • 4.9
      • 4.9
      • 4.9
      • 4.9
      • 4.9

      4.9

      243 ratings


      More shows like Passive Mobile Home Park Investing

      View all
      BiggerPockets Real Estate Podcast by BiggerPockets

      BiggerPockets Real Estate Podcast

      16,773 Listeners

      The Best Ever CRE Show by Joe Fairless

      The Best Ever CRE Show

      991 Listeners

      Mobile Home Investing Podcast by John Fedro: Real Estate Investor, Mobile Home Investor, Educator, Blogger

      Mobile Home Investing Podcast

      61 Listeners

      Lifetime Cash Flow Through Real Estate Investing by Rod Khleif

      Lifetime Cash Flow Through Real Estate Investing

      1,406 Listeners

      Tax Smart Real Estate Investors Podcast by Hall CPA

      Tax Smart Real Estate Investors Podcast

      422 Listeners

      Mobile Home Park Mastery by Frank Rolfe

      Mobile Home Park Mastery

      382 Listeners

      Mobile Home Parks In Real Life (MHP_IRL) by Ryan Narus

      Mobile Home Parks In Real Life (MHP_IRL)

      203 Listeners

      BiggerPockets Daily by BiggerPockets

      BiggerPockets Daily

      326 Listeners

      The Lifestyle Investor - Investing, Passive Income, Wealth by Justin Donald

      The Lifestyle Investor - Investing, Passive Income, Wealth

      291 Listeners

      The Mobile Home Park Lawyer Podcast by Ferd Niemann IV

      The Mobile Home Park Lawyer Podcast

      76 Listeners

      PassivePockets: The Passive Real Estate Investing Show by PassivePockets, Jim Pfeifer, and Left Field Investors

      PassivePockets: The Passive Real Estate Investing Show

      129 Listeners

      On The Market by BiggerPockets

      On The Market

      900 Listeners

      The BetterLife Podcast by Brandon Turner and Cam Cathcart

      The BetterLife Podcast

      838 Listeners

      The MHP Show by Derek Vickers

      The MHP Show

      18 Listeners

      The MHP Exchange Podcast by The MHP Exchange Podcast

      The MHP Exchange Podcast

      8 Listeners