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Why I Left Flips and Rentals for Mobile Home Parks
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
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By Walter JohnsonBy 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