June 02, 2025

Why You're Still Stuck Without Your First MHP Deal | EP 94

33 minutes

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.

Key Takeaways:

Your limiting beliefs are sabotaging your success before you even start

Cold calling isn't dead – your willingness to pick up the phone is

Chasing 12-cap deals in good locations will leave you empty-handed forever

Park-owned homes aren't toxic – they built my entire $150M portfolio

You don't need perfect credit or millions to get bank financing on solid deals

The "I want to own 100% myself" mentality is keeping you broke

Most people would rather research for 2 years than make calls for 2 hours

Knowledge creates confidence, confidence creates action, action creates results

One great deal can 3X your money in under 12 months

Stop making excuses and start executing - action beats perfection every time

My Million-Dollar Case Study:

The Tampa Portfolio Transformation:

Purchase Price: $4.15 million (May 2021)

Property: 103 park-owned homes, private utilities, terrible density

Refi Appraisal: $11.5 million (March 2022)

Investor Returns: 3.87X multiple on capital in 10 months

Strategy: Convert all park-owned homes to tenant-owned

The Kicker: This deal checked every "don't buy" box on traditional MHP lists

The Reality Check:

I 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.

Resources to Boost Your MHP Success:

Download Our Free Ebook: https://vicktorycapital.com/free-ebook

Schedule a Strategy Call: https://derekvickers.com/free-strategy-session

Join our Facebook Group: https://www.facebook.com/groups/mhpinvestingpros

Connect with Me:

🔗 Follow on Social Media: @derekvickers885

📧 Email: [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!

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By Derek Vickers

4.8

1717 ratings