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EP 146: How Mobile Home Park Investing Provides Predictable Income and Community Impact with Frank Rizzo
Manage episode 427919085 series 2998280
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What if your next investment not only secured reliable income but also fostered community resilience?
Dive into the world of mobile home park investing with Frank Rizzo, where financial stability meets social impact in unexpected ways.
Frank Rizzo, Co-Founder of Stone Capital Investors, shares insights on investing in manufactured housing communities (MHCs). He discusses the benefits such as stable cash flow and lower turnover, emphasizing due diligence in property selection and operational efficiency. Frank addresses challenges like tenant relations and regulatory compliance, offering tips on management strategies and community engagement. He introduces MHP Exchange, a platform for news and listings, and highlights opportunities in modernizing undervalued parks for profitability.
Key Takeaways:
00:15- The appeal of mobile home parks as a stable investment in affordable housing.
05:30- Strategies for conducting thorough due diligence and navigating zoning regulations.
12:45- Challenges such as tenant management and regulatory compliance.
20:10- Tips for optimizing operational efficiency and enhancing property value.
Connect with Frank:
Website: https://themhpexchange.com/
Connect with Corwyn@:
Contact Number: 843-619-3005
Instagram: https://www.instagram.com/exitstrategiesradioshow/
Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA
Linkedin: https://www.linkedin.com/in/cmelette/
Shoutout to our Sponsor: EXIT Realty Lowcountry Group
Do you want something more? More Meaningful Moments opportunities, deeper relationships and memorable experiences? Do you want to make a difference? If you say YES, a career and real estate could be the opportunity you're looking for guiding people to one of the most important decisions they ever made, the purchase or sale of their home can be both rewarding and lucrative.
EXIT Realty has a revolutionary compensation model training and technology that provides you with the tools you need to start and build your successful real estate career. Call EXIT Realty Lowcountry group today at 843-619-3005 that is 843-619-3005 or visit https://exitlowcountry.com/joinexit and make your Exit today.
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