In this no-BS solo episode of The MHP Show, I deliver the brutal truth about why aspiring mobile home park investors are still stuck on the sidelines. Drawing from my own early struggles starting in 2015, I break down the 10 real reasons (hint: it's not the market) that keep people from closing their first deal. This isn't about being nice – it's about getting you unstuck and into action.
Your limiting beliefs are sabotaging your success before you even startCold calling isn't dead – your willingness to pick up the phone isChasing 12-cap deals in good locations will leave you empty-handed foreverPark-owned homes aren't toxic – they built my entire $150M portfolioYou don't need perfect credit or millions to get bank financing on solid dealsThe "I want to own 100% myself" mentality is keeping you brokeMost people would rather research for 2 years than make calls for 2 hoursKnowledge creates confidence, confidence creates action, action creates resultsOne great deal can 3X your money in under 12 monthsStop making excuses and start executing - action beats perfection every timeMy Million-Dollar Case Study:
The Tampa Portfolio Transformation:
Purchase Price: $4.15 million (May 2021)Property: 103 park-owned homes, private utilities, terrible densityRefi Appraisal: $11.5 million (March 2022)Investor Returns: 3.87X multiple on capital in 10 monthsStrategy: Convert all park-owned homes to tenant-ownedThe Kicker: This deal checked every "don't buy" box on traditional MHP listsI don't sugarcoat it. If you've been "learning" about mobile home parks for months (or years) without making offers, this episode will wake you up. The people getting deals aren't smarter than you – they're just doing the uncomfortable work consistently.
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Download Our Free Ebook: https://vicktorycapital.com/free-ebookSchedule a Strategy Call: https://derekvickers.com/free-strategy-sessionJoin our Facebook Group: https://www.facebook.com/groups/mhpinvestingpros🔗 Follow on Social Media: @derekvickers885
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[email protected]For passive investors: Book a call to learn about our investment opportunities for seven and eight-figure entrepreneurs focused on building generational wealth through mobile home park investing.
Ready to stop making excuses and start making deals? Hit play and prepare to get called out (in the best way possible).
Stay tuned for more episodes of The MHP Show!