The MHP Show

By Derek VickersBusiness Entrepreneurship Investing

The MHP Show episodes

November 11, 2024Why CapEx Is Critical for Mobile Home Park Investments | Episode 73
Welcome back to The MHP Show! In this episode, host Derek Vickers talks about the role of CapEx (capital expenditures) in the mobile home park investment game. CapEx is more than just a budget line; it’s the backbone of adding value and reducing expenses in your investment. Derek explains the difference between CapEx and regular maintenance, shares real-life examples of the impact of strategic improvements, and discusses why planning for CapEx can make or break your deal.

If you're a passive investor or active operator, tune in to learn how Victory Capital approaches CapEx to maximize value, reduce operational headaches, and ultimately increase net operating income (NOI). Plus, get tips on evaluating an operator’s CapEx budget before jumping into a deal.

Episode Highlights:
Overview of CapEx in Mobile Home Park Investing
The difference between CapEx projects and regular maintenance
Why CapEx planning is essential for long-term success
Real-world examples of CapEx improvements, like paving roads and upgrading infrastructure
How CapEx raises property value and affects appraisals
The importance of selecting experienced operators with solid CapEx budgets
How CapEx projects improve tenant satisfaction and create community pride
For more tips and ideas, stay updated on future episodes!

Unlock free resources to boost your mobile home park investing success!
🆓 Access my Free Webinar: https://derekvickers.com/home-page826333
🆓 Get Your Free Deal Calculator: Use code MHPSHOW at checkout https://derekvickers.com/dealcalculator
🔗 Follow Derek on Social Media: @derekvickers885
🔗 Join our Facebook Group: Mobile Home Park Investing Pros

Mentorship Program: Reach out on social media if you're interested in the last spot for our mentorship program.

Have questions about MHP? Email me at [email protected]
16 min
October 30, 2024 Triumphs and Trials in MHP Investing | Episode 72 | John Fisher of Mr.Landman, LLC
In this episode of The MHP Show, hosts Derek Vickers and John Fisher talked about the nitty-gritty of mobile home park (MHP) investing, sharing hard-earned lessons and strategies that can take your game to the next level. From the art of negotiation to the ins and outs of appraisals, John brings a wealth of experience to the table. He discusses the importance of building rapport with sellers and how to differentiate yourself in a competitive landscape.
Derek and John tackle common misconceptions about MHP investing and highlight the unique challenges that come with this niche market. You’ll hear about John’s experiences, what keeps him motivated, and how his vision for MHP investing has evolved over the years.

Tune in for:
● Proven negotiation tactics that work in the real world.
● How to prepare for the unpredictable nature of MHP appraisals.
● The significance of a strong personal brand when approaching sellers.
● Insights into the hidden potential of less-competitive markets.
● John’s key takeaways from his journey and what fuels his passion for MHPs.

For more tips and ideas, stay updated on future episodes!
Unlock free resources to boost your mobile home park investing success!
🆓 Access my Free Webinar: https://derekvickers.com/home-page826333
🆓 Get Your Free Deal Calculator: Use code MHPSHOW at checkout https://derekvickers.com/dealcalculator
🔗 Follow Derek on Social Media: @derekvickers885
🔗 Join our Facebook Group: Mobile Home Park Investing Pros

Have questions about MHP? Email me at [email protected]
43 min
September 30, 2024Interest Rates & Current Economics | Episode 71 | Jordan
In this episode of the MHP show podcast, host Derek Vickers dives into the mobile home park industry, covering operations, raising capital, and the current market environment. He introduces special guest Lee Meekcoms from Park Bridge Capital Group, who shares his extensive experience in the mobile home park business.

Key Takeaways:
Lee's Journey into Mobile Home Parks
The Evolution of Mobile Home Parks
Current Market Trends and Challenges
Investment Strategies and Advice
The Future of Mobile Home Parks

For more tips and ideas, stay updated on future episodes!

Unlock free resources to boost your mobile home park investing success!
🆓 Access my Free Webinar: https://derekvickers.com/home-page826333
🆓 Get Your Free Deal Calculator: Use code MHPSHOW at checkout https://derekvickers.com/deal-calculator
🔗 Follow Derek on Social Media: @derekvickers885
🔗 Join our Facebook Group: Mobile Home Park Investing Pros

Have questions about MHP? Email me at [email protected]
49 min
September 23, 2024Identifying Value-Add Opportunities | Episode 70
In this episode of The MHP Show, host Derek Vickers, founder of Vicktory Capital, explores how to spot value-add opportunities in mobile home parks. He covers key strategies like targeting inefficient 'mom and pop' operators, billing back utilities, converting park-owned homes, and filling vacant lots. Derek also shares real-world examples and stresses the importance of a clear business plan for boosting park profitability.

Key Takeaways:
Why Mobile Home Parks?
Identifying Value Add Opportunities
Utility Billing Strategies
Rent and Home Conversions
Filling Vacant Lots
Improving Infrastructure

For more tips and ideas, stay updated on future episodes!

Unlock free resources to boost your mobile home park investing success!
🆓 Access my Free Webinar: https://derekvickers.com/home-page826333
🆓 Get Your Free Deal Calculator: Use code MHPSHOW at checkout https://derekvickers.com/deal-calculator
🔗 Follow Derek on Social Media: @derekvickers885
🔗 Join our Facebook Group: Mobile Home Park Investing Pros

Have questions about MHP? Email me at [email protected]
33 min
September 16, 2024The Key Metrics to Evaluate Before Buying a Mobile Home Park in 2024 | Episode 69
In this episode of The MHP Show, Derek Vickers breaks down the essential factors to evaluate before buying a mobile home park. Learn the key financial metrics like cap rates, NOI, and ROI, and how to choose the right market.
Derek also shares real-world lessons from his recent acquisitions, and offers updates on how current market trends—such as rising interest rates and inflation—are impacting mobile home park investments.
Key Takeaways:
How to select the best market for your mobile home park
Critical financial metrics every investor should understand
Real-life deal stories and how to navigate today’s market conditions

For more tips and ideas, stay updated on future episodes!

Unlock free resources to boost your mobile home park investing success!
🆓 Access my Free Webinar: https://derekvickers.com/home-page826333
🆓 Get Your Free Deal Calculator: Use code MHPSHOW at checkout https://derekvickers.com/deal-calculator
🔗 Follow Derek on Social Media: @derekvickers885
🔗 Join our Facebook Group: Mobile Home Park Investing Pros

Have questions about MHP? Email me at [email protected]
39 min
September 09, 2024Inside the Mobile Home Park Industry: My Journey, Challenges, and Strategies | Episode 68 | MHP Nation
In this episode, I had the pleasure of joining Dustin Kircher and Ben Dreicer from MHP Nation to discuss my journey as an entrepreneur in the mobile home park industry. We touched on everything from my background and business strategy to our company’s performance and future plans. I also shared insights on overcoming challenges in the business, such as insurance, investor relations, and the unpredictable nature of real estate deals. We also emphasized the importance of teamwork, transparency, and the role of social media in our operations. This episode is a must-listen for anyone interested in real estate investing or the mobile home park space.

Key Takeaways:
My background and entrepreneurial journey in the mobile home park industry.
Business strategy, company performance, and future growth plans.
The importance of teamwork and transparency in building a successful business.
How social media plays a key role in our business operations.
Navigating industry challenges, including insurance and investor relations.
Managing the unpredictable nature of real estate transactions.

For more tips and ideas, stay updated on future episodes!

Unlock free resources to boost your mobile home park investing success!
🆓 Access my Free Webinar: https://derekvickers.com/home-page826333
🆓 Get Your Free Deal Calculator: Use code MHPSHOW at checkout https://derekvickers.com/deal-calculator
🔗 Follow Derek on Social Media: @derekvickers885
🔗 Join our Facebook Group: Mobile Home Park Investing Pros

Have questions about MHP? Email me at [email protected]
54 min
August 19, 2024The MHP Show Syndications, Stocks, Inflation, and Mobile Home Parks | Episode 67
In this episode, we dive deep into the world of Mobile Home Park (MHP) investing. We explore the impacts of inflation on the market, strategies for syndications, and how stocks play a role in your investment portfolio. Whether you're new to MHP investing or looking to refine your strategy, this episode has valuable insights for you.
Key Takeaways:
Understanding the current market trends.
Syndication strategies and how to maximize returns.
The role of stocks and inflation in real estate investments.
38 min
August 06, 2024 Toughest challenges and best opportunities in the MHP investing world | Episode 66 | Brett Swarts
Welcome to another episode of the MHP Show. Today, Derek Vickers and guest Brett Swarts dive into some of the toughest challenges and best opportunities in the mobile home park investing world. They’ll cover how to build a rock-solid pipeline of deals, make the most of your resources, and navigate the complexities of contracts and financing. Plus, they’ll touch on crucial aspects like due diligence, negotiation tactics, and managing capital reserves to keep your investments safe.

Brett Swarts is the founder of Capital Gains Tax Solutions and a Deferred Sales Trust expert, Brett brings incredible insights to the table. Check out his FREE EBOOK and explore more at Capital Gains Tax Solutions.

This episode is loaded with practical tips and strategies to help you sharpen your approach and hit your investment goals. Get ready to unlock new insights and take your mobile home park investing game to the next level!

For more tips and ideas, stay updated on future episodes!
Unlock free resources to boost your mobile home park investing success!
🆓 Access my Free Webinar: https://derekvickers.com/home-page826333
🆓 Get Your Free Deal Calculator: Use code MHPSHOW at checkout https://derekvickers.com/deal-calculator
🔗 Follow Derek on Social Media: @derekvickers885
🔗 Join our Facebook Group: Mobile Home Park Investing Pros

Have questions about MHP? Email me at [email protected]
46 min
July 16, 2024 Navigating the Mobile Home Park Industry with Glenn Yaney
In this episode of the MHP Show, host Derek Vickers welcomes Glenn Yaney from Vertical Equity Partners. They dive into the intricacies of the mobile home park business, sharing personal stories and experiences. Glenn recounts his journey from working at Red Lobster to becoming a successful real estate investor, highlighting the challenges and lessons learned along the way. They discuss the importance of operational efficiency, the realities of dealing with park-owned homes, and strategies for finding reliable contractors in new markets. Tune in for an insightful conversation filled with practical advice and industry wisdom.

Important Links and Mentions:

The Millionaire Journey Podcast - Glenn Yaney
https://podcasts.apple.com/us/podcast/the-millionaire-journey-podcast/id1728886342
https://open.spotify.com/show/1j8SyZxIeQnVWWl9Dagitt

LinkedIn : https://www.linkedin.com/in/glenn-yaney-3a5594a1

–

Get Your Deal Calculator For FREE! Use the code MHPSHOW upon checking out: https://derekvickers.com/deal-calculator

Follow Derek on his Social Media:@derekvickers885
Join our Facebook Group: Mobile Home Park Investing Pros

Got questions about MHP? Email me at [email protected]

50 min
July 01, 2024 How Can Cost Segregation and Bonus Depreciation Maximize Your Real Estate Investments?
In this episode of the MHP Show podcast, host Derek Vickers welcomes Eden Markowitz from Madison SPECS to discuss cost segregation studies and bonus depreciation in real estate investing, particularly within the mobile home park industry. Eden explains the basics of cost segregation, emphasizing accelerated depreciation for tax benefits. They delve into bonus depreciation, its impact on tax deductions, and the importance of having a knowledgeable CPA for effective tax planning. The conversation also covers property tax reassessment, goodwill allocation, and the best asset classes for cost segregation. Eden highlights the significant tax savings potential for mobile home park investors.
Important Links and Mentions:
https://www.linkedin.com/in/eden-markowitz-11869982/

Get Access to my Free Webinar here: https://derekvickers.com/home-page826333
Get Your Deal Calculator For FREE! Use the code MHPSHOW upon checking out: https://derekvickers.com/deal-calculator
Follow Derek on his Social Media:@derekvickers885
Join our Facebook Group: Mobile Home Park Investing Pros

Got questions about MHP? Email me at [email protected]
47 min

About The MHP Show

From the publisher's feed

Welcome to the MHP Show, your go-to podcast for learning how to buy and operate mobile home parks successfully while still working a full-time job. Hosted by Derek Vickers, a successful mobile home park owner and industry expert, each episode features insights from guests and experts, discussing the current state of the industry and sharing tips for investing in mobile home parks. Learn from Derek’s personal experiences and avoid the mistakes he made when building his portfolio. So, tune in to the MHP Show and start your journey towards financial freedom through investing in mobile home parks.