By 26, I had a couple million dollars in net worth.

I had flips.
I had apartments.
I had rentals.

But the truth?
It felt like a job.
And once I paid capital gains — there wasn’t much left.

That’s when I started shifting.
I left flipping.
I stopped chasing “pretty” properties.
And I went all-in on mobile home parks.

Because that’s where the real freedom was.

In this episode, I talk about:

• Why I walked away from flipping — even after a $260K deal
• The power of raising rents by $50 and instantly creating $1M+ in equity
• How we underwrite parks and look for value the moment we close
• What I learned in 2008 and why I stay active during downturns
• Why mobile home parks create better returns and more control
• How we reduce expenses, raise cash flow, and protect against risk
• What people get wrong about the communities we serve
• How our investors benefit from depreciation and real cash flow
• Why I believe in buying for impact — not just income
• The reason I don’t invest in single family homes anymore

I’m not here to sell a course.
I’m here to show you the model that actually changed my life — and the lives of our investors and residents.

If you’re chasing real freedom, mobile home parks might be the move you’ve been missing.

ABOUT WALTER JOHNSON

Walter Johnson is the Founder & Chief Investment Officer of Sonos Capital, specializing in high-growth mobile home park acquisitions. With 16+ years in real estate and finance, he’s built a multi-million-dollar portfolio by identifying undervalued investment opportunities.

He managed a $7M loan portfolio in 2009, helped generate $882M in sales in 2015, and led marketing strategies that drove a 140% revenue increase the same year. In 2024, his investment strategies created $11M+ in added value.

Walter serves on Arizona’s Manufactured Housing Association and was appointed by the Governor of Mesa, AZ to advance affordable housing initiatives.

He’s focused on building wealth, creating impact, and helping others succeed in real estate. Follow his journey to learn how to turn overlooked properties into cash-flowing assets.

Follow Walter:

https://www.linkedin.com/in/walterjohnson2/ 

https://www.instagram.com/therealwalterjohnson/ 

https://www.facebook.com/therealwalterjohnson

https://www.tiktok.com/@therealwalterjohnson

Most people think the key to wealth is stacking rentals.

More doors, more units, more properties.

I did that.

I had 30+ single family homes, apartments, and condos.

And I still wasn’t seeing the kind of wealth I wanted.

Then I found mobile home parks.

And that’s when everything changed.

In this episode, I sit down with Naseema McElroy to share how I went from scattered real estate holdings to a focused model that’s generated millions in equity — and strong, stable cash flow.

From rent-to-own strategies to a $5M equity play in Arizona, I break down what actually works — and why mobile home parks might be the most underrated asset class in real estate today.

You don’t need more properties.

You need the right model.

ABOUT WALTER JOHNSON

Walter Johnson is the Founder & Chief Investment Officer of Sonos Capital, specializing in high-growth mobile home park acquisitions. With 16+ years in real estate and finance, he’s built a multi-million-dollar portfolio by identifying undervalued investment opportunities.

He managed a $7M loan portfolio in 2009, helped generate $882M in sales in 2015, and led marketing strategies that drove a 140% revenue increase the same year. In 2024, his investment strategies created $11M+ in added value.

Walter serves on Arizona’s Manufactured Housing Association and was appointed by the Governor of Mesa, AZ to advance affordable housing initiatives.

He’s focused on building wealth, creating impact, and helping others succeed in real estate. Follow his journey to learn how to turn overlooked properties into cash-flowing assets.

Follow Walter:

https://www.linkedin.com/in/walterjohnson2/ 

https://www.instagram.com/therealwalterjohnson/ 

https://www.facebook.com/therealwalterjohnson

https://www.tiktok.com/@therealwalterjohnson 

https://www.youtube.com/@RealWalterJohnson

Sometimes the best path to wealth doesn’t start with money — it starts with mindset.

I was working at UPS when I realized I wanted out.
I picked up a real estate book… and never put it down.

That moment turned into 16+ years of deal-making, equity building, and buying mobile home parks no one else wanted.

In this episode with Gabe Petersen, I walk through how I went from flipping a park with $1,200… to building a multi-state portfolio through off-market deals, seller financing, and forced appreciation.

We talk numbers. Strategy. Mailer response rates.
And how one park added $2.5M to my net worth in a few years.

If you think mobile home parks are just “trailer parks,” think again.

This is how wealth is built — one problem-solving deal at a time.

Smart investors are already in.
You just haven’t heard their playbook. Until now.

ABOUT WALTER JOHNSON

Walter Johnson is the Founder & Chief Investment Officer of Sonos Capital, specializing in high-growth mobile home park acquisitions. With 16+ years in real estate and finance, he’s built a multi-million-dollar portfolio by identifying undervalued investment opportunities.

He managed a $7M loan portfolio in 2009, helped generate $882M in sales in 2015, and led marketing strategies that drove a 140% revenue increase the same year. In 2024, his investment strategies created $11M+ in added value.

Walter serves on Arizona’s Manufactured Housing Association and was appointed by the Governor of Mesa, AZ to advance affordable housing initiatives.

He’s focused on building wealth, creating impact, and helping others succeed in real estate. Follow his journey to learn how to turn overlooked properties into cash-flowing assets.

Follow Walter:

https://www.linkedin.com/in/walterjohnson2/ 

https://www.instagram.com/therealwalterjohnson/ 

https://www.facebook.com/therealwalterjohnson

https://www.tiktok.com/@therealwalterjohnson 

Sometimes, the best deals don’t look like deals. They look like problems. Messy, overlooked, and “not worth the hassle.” But that’s exactly where I built my wealth. Finding opportunities that others walk right past.

My story paints the picture of how I built a steady stream of income with mobile home parks, starting with only $1,000. We’re talking six-figure flips, an $11M equity play, and my strategy that makes these investments a goldmine.

If you’re thinking mobile home parks aren’t worth it, that’s exactly what the big players thought too. But the numbers don’t lie. The key to breaking into this market is in this video.

Smart investors are already paying attention. Are you?

ABOUT WALTER JOHNSON

Walter Johnson is the Founder & Chief Investment Officer of Sonos Capital, specializing in high-growth mobile home park acquisitions. With 16+ years in real estate and finance, he’s built a multi-million-dollar portfolio by identifying undervalued investment opportunities.

He managed a $7M loan portfolio in 2009, helped generate $882M in sales in 2015, and led marketing strategies that drove a 140% revenue increase the same year. In 2024, his investment strategies created $11M+ in added value.

Walter serves on Arizona’s Manufactured Housing Association and was appointed by the Governor of Mesa, AZ to advance affordable housing initiatives.

He’s focused on building wealth, creating impact, and helping others succeed in real estate. Follow his journey to learn how to turn overlooked properties into cash-flowing assets.

Follow Walter:

https://www.linkedin.com/in/walterjohnson2/ 

https://www.instagram.com/therealwalterjohnson/ 

https://www.facebook.com/therealwalterjohnson

https://www.tiktok.com/@therealwalterjohnson 

Sometimes, the best deals don’t look like deals. They look like problems. Messy, overlooked, and “not worth the hassle.” 

But that’s exactly where I built my wealth. Finding opportunities that others walk right past.

In the first episode of the Mobile Home Investing Show, you'll hear my origin story of how I built a steady stream of income with mobile home parks, starting with less than you probably expect.

I'll go into my six-figure flips, an $11M equity play, and my evergreen strategy that makes these investments keep working.

If you’re thinking mobile home parks aren’t worth it, that’s exactly what the big players thought too. 

But the numbers don’t lie. 

The key to breaking into this market is in this episode.

Smart investors are already paying attention. Are you?