Welcome back to another episode of The Richer Geek Podcast. Today we are joined by Brad Johnson, Co-founder and Chief Investment Officer of Vintage Capital. Brad shares how mobile home park investing is quietly outperforming traditional real estate. He breaks down why this niche is attracting serious investors, the powerful tax advantages that come with it, and how it helps solve America's growing affordable housing problem all while delivering steady, long-term returns.

In this episode, we chat about…

• Brad's journey from small rental properties to managing $3B+ in real estate deals

• Why mobile home parks deliver high yield and low default rates

• The five classes of mobile home parks and where the best opportunities are

• How bonus depreciation and cost segregation boost investor returns

• Smart due diligence tips when buying mobile home parks

• Why Brad shifted from operator to allocator and what that means for investors

• How investing in affordable housing creates both profit and purpose

Key Takeaways:

1. Mobile home parks are an underrated, recession-resistant real estate play.

2. The stigma keeps competition low and returns strong.

3. Tax incentives can offset a major portion of taxable income.

4. Long-term ownership builds wealth faster than quick flips.

5. Reliable local partners make or break success in this space.

6. You can invest in affordable housing and still achieve strong financial growth.

Resources from Brad

LinkedIn | Email | Vintage Capital

Resources from Mike and Nichole

Gateway Private Equity Group | Nic's guide