January 17, 2020

Episode 124: Not In My Backyard! Mobile Home Investing with Brant Greathouse

37 minutes

In this episode, we ask:

Who is Brant Greathouse?

What is TrueStar Capital?

Are you interested in not so average real estate?

Why is affordable housing so important?

How much of the population can spend only $500/month or less on housing?

What is intriguing about mobile home park investing?

What is “renting dirt”?

What is the business model for mobile home parks?

What is “lot rent”?

How is this different than a trailer park?

Is this a “not in my back yard” (NIMBY) sort of investment?

What is the management structure?

Why is there a high barrier of entry to these sort of parks?

How many mobile home parks are in the United States?

How does Brant find deals?

Who are the “Mom and Pop owners”?

What is a rent credit program?

What about people who can’t meet the barriers to entry?

What about collecting rent on an individual mobile home project?

How do people who have a Bank on Yourself type whole life insurance policy have an advantage?

How does this work?

What are Brant’s goals and targets?

What do Brant’s investors receive?

What is value add equity?

What are the tax advantages?

What’s the number of years on depreciation for mobile homes?

What are Brant’s plans?

Would you like to connect with Brant via email at [email protected]?

Brant Greathouse brings with him more than fifteen years of extensive business experience, ranging from President and Chief Executive Officer of a privately-held marketing company, building a real estate investment company that offers turnkey investment strategies for residential housing in Texas and Tennessee. Brant brings experience in market evaluation, property analysis, property and business management systems, due diligence, finance, and more. Brant graduated from Abilene Christian University with a Bachelor’s of Arts Degree and a minor in Business Finance.

His expertise has led him to do over 250+ real estate transactions since 2009, including Manufactured Housing Communities, commercial developments, and single family homes. Brant’s foresight to the opportunities available in the affordable housing niche have led him to become the CEO and co-founder of True Star Capital, which specializes in the acquisition, operations and sales of manufactured housing communities. Naturally almost all of the previous real estate investment experience coupled with the success of two manufactured housing funds and learning from the top people in the industry gives Brant a high level of experience and expertise, for Acquisitions and Management of the portfolio of Manufactured Housing Communities that True Star Capital is investing in.

His duties for True Star Capital’s Portfolio focus on (i) Overseeing the management of any Company holdings. (ii) The sale of Company holdings. (iii) Developing a mobile home buying program that will be utilized to infill communities owned by the Company. (iv) Overseeing the development, design and implementation of the marketing strategy; and (v) the overall strategy and plan for client experience and satisfaction.

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