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The MHP Show

Author: Derek Vickers

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Welcome to the MHP Show, your go-to podcast for learning how to buy and operate mobile home parks successfully while still working a full-time job. Hosted by Derek Vickers, a successful mobile home park owner and industry expert, each episode features insights from guests and experts, discussing the current state of the industry and sharing tips for investing in mobile home parks. Learn from Derek’s personal experiences and avoid the mistakes he made when building his portfolio. So, tune in to the MHP Show and start your journey towards financial freedom through investing in mobile home parks.

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102 Episodes
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Capital Raising, Risk, and Reality in Today’s MHP Market breaks down what capital raising actually looks like for operators navigating today’s MHP market. In this episode of The MHP Show, Derek Vickers and Matt from WKRG Investments share the real, unfiltered side of raising capital, managing risk, and operating through market uncertainty. They explain why capital raising is rarely smooth in early deals, how investor sentiment shifts with macro noise, and why disciplined execution matters more than perfect timing. The conversation also highlights how experienced operators approach risk, why the MHP market remains resilient, and how mobile home park investing rewards action over theory. Whether you’re a mobile home park owner, operator, or real estate investor, this episode delivers a grounded look at mobile home park investing and what it really takes to navigate capital raising and risk in today’s market. Timestamps 00:00 – Intro & current MHP market context 05:30 – Taking action before you feel ready 10:45 – The reality of capital raising 14:30 – Investor sentiment & market volatility 26:45 – Risk mitigation in mobile home parks 34:30 – Operator mindset & execution 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 We’re raising for FUND I 📈 Projected 15–19% IRR 💰 1.7x–2x equity multiple Invest directly at 👉 vicktorycapital.investnext.com or DM me to learn more. Connect with Me: 🔗 Follow on Social Media: @derekvickers885  📧 Email: derek@vicktorycapital.com 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!•
Choosing the right structure for your first deal in mobile home parks isn’t about guessing—it’s about understanding how syndication, a fund, or a joint venture truly impacts your long-term success. In this episode of The MHP Show, Derek Vickers breaks down the real differences between syndication, fund models, and JV partnerships, and how each affects capital raising, investor expectations, and your overall real estate investing strategy. From setting up your first JV and deciding when a syndication makes sense, to understanding why a fund attracts bigger investors—Derek shares the exact lessons he learned scaling mobile home parks and managing real-world capital raising challenges. Whether you’re a park owner, real estate investing professional, or business operator, this episode helps you choose the structure that lets you grow with confidence. 00:00 – Intro & How Derek Started 04:00 – Joint Ventures Explained 09:30 – When to Use a Syndication 15:00 – The Power of a Fund Structure 20:00 – Capital Raising & Investor Expectations 25:00 – Which Structure Should You Start With? Learn how to evaluate deals like a pro and buy mobile home parks the right way. 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: derek@vicktorycapital.com 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!•
Building a real estate empire starts with mastering the real estate mindset—and in this episode of The MHP Show, Derek Vickers sits down with Rod Khleif to break down the investor mindset behind decades of wins, failures, and growth. Rod shares how he rebuilt his real estate empire after losing $50M, why mindset is the foundation of every decision, and how this thinking shapes smarter mobile home park investing. From leveling up your circle, to staying focused, to evaluating opportunities during market uncertainty Rod reveals the principles that guide elite operators. Whether you're scaling through mobile home park investing, sharpening your real estate mindset, or building long-term wealth, this conversation delivers frameworks you can use immediately. Learn how top investors think, act, and create lasting success. 00:00 – Intro & Who Is Rod Khleif? 01:30 – Early Struggles & $13k First Year 05:50 – Why Most Investors Fail (Mindset vs. Tactics) 10:20 – The Foundation of a Winning Real Estate Mindset 14:40 – Leveling Up Your Circle & Environment 20:00 – How Rod Evaluates Deals & Markets Today 24:40 – Mobile Home Parks vs. Multifamily Resilience 30:00 – What Makes a “Rod Khleif Deal” 34:00 – Market Cycles, Risk, and Investor Discipline 40:00 – Production, Purpose & Staying Motivated 42:00 – Legacy, Impact & Long-Term Vision 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: derek@vicktorycapital.com 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!•
Buying the right mobile home park isn’t about chasing cap rates—it’s about mastering the fundamentals that actually drive long-term success. In this episode of The MHP Show, Derek Vickers shares what 40+ mobile home park acquisitions have taught him about finding the best mobile home park investments, analyzing mobile home park deals, and building reliable mobile home park cash flow through smarter decisions. From identifying high-growth markets and evaluating mobile home park locations, to understanding utilities, rent spreads, and operational upside—Derek reveals the exact checklist he uses before buying any park. Whether you’re a mobile home park investor, real estate entrepreneur, or business owner, this episode shows how to buy right and scale confidently. 00:00 – Intro & The 40+ Acquisitions Journey 05:00 – Why Location Always Wins 10:00 – City Water, Sewer & Infrastructure Tips 18:00 – Rent Spreads & Market Position 25:00 – Park-Owned Homes & Value Creation 32:00 – Operational Upside & Exit Strategy Learn how to evaluate deals like a pro and buy mobile home parks the right way. 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: derek@vicktorycapital.com 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!•
Raising capital for MHPs isn’t easy—but it’s the difference between stalled growth and scalable success. In this episode of The MHP Show, Derek Vickers sits down with Jeff Flynn to uncover the real challenges and strategies nobody talks about when it comes to raising capital in mobile home parks. From navigating your first raise, structuring syndications vs. funds, and understanding what serious investors want, this conversation reveals the unfiltered truth about raising capital for mobile home parks. Whether you’re a mobile home park owner, a real estate investor, or a business owner, these lessons can help you attract smarter capital and scale faster. 00:00 – Intro & Jeff’s First Deal 08:00 – Syndications vs. Funds Explained 15:00 – Investor Expectations & K-1 Headaches 25:00 – Raising Capital Mindset Shifts 40:00 – Market Selection & Deal Sourcing 55:00 – Lessons Learned & Advice for Operators Gain clarity, avoid costly mistakes, and raise capital for MHPs the right way.   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: derek@vicktorycapital.com   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!•
Raising Capital in Mobile Home Parks: Lessons from $25M in Funds   Raising capital in mobile home parks isn’t easy—but it’s the make-or-break factor for scaling. In this must-watch episode, we break down real lessons from managing over $25M in funds dedicated to mobile home park investing. Whether you’re an ambitious mobile home park owner, a seasoned real estate investor, or a business owner seeking stability, this playbook can help you scale smarter.   We cover the truth about mobile home park funds, syndications vs funds, and how operators structure deals to attract serious capital. Learn what top investors look for, how to de-risk acquisitions, and why mobile home parks remain one of the strongest asset classes.   00:00 – Intro & First $500K Deal 08:00 – Scaling to 25 Mobile Home Parks 14:00 – Market Selection: Florida, Texas, Arizona 20:00 – Raising Capital: Syndications vs Funds 34:00 – Managing Risk & Insurance Costs 48:00 – Lessons from $25M in Funds   Gain clarity, avoid costly mistakes, and raise capital the right way.   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: derek@vicktorycapital.com   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!•
This MHP Mistake Could Cost You Everything literally. In this must-watch episode, we expose the most critical misstep that new and even experienced mobile home park investors make when buying or scaling parks. Whether you're a seasoned real estate investor, one of many ambitious mobile park owners, or a growth-focused business owner, this warning can save you millions.   We cover the biggest oversight in mobile home park investing, including construction risk, deal underwriting, and poor project management. Learn how the top mobile park owners avoid disaster and build scalable portfolios.   This is real talk from the trenches, with practical advice every real estate investor and business owner needs to hear before closing their next MHP deal. If you're in the game or getting started, don’t let this mistake derail your investment journey.   00:00 – Intro & Why Mobile Parks Aren’t Really Passive 04:50 – The Moment They Almost Quit the Business 10:45 – Biggest Surprises from Interviewing Millionaires 14:35 – The Truth About Scaling & “Enough” 20:10 – Defining Your Ideal Deal as a Mobile Park Owner 27:00 – Construction & Project Management Pitfalls 34:00 – Raising Capital + Bank Financing Strategy 52:00 – Underpromising ROI & Overdelivering   Gain clarity, avoid rookie mistakes, and get ahead in your mobile park investing journey. Ideal for real estate investors and business owners looking to scale smarter.   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: derek@vicktorycapital.com   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!•
In this episode of The MHP Show, we reveal how we tripled the value of a mobile home park in under 12 months turning a $4.1M off-market deal into an $11.5M asset. If you're a mobile home park investor, real estate entrepreneur, or business owner looking for high-ROI opportunities, this is your blueprint.   We cover how mobile home park conversions, utility bill-backs, and hands-on management led to 3X cash flow. Discover why mobile home park investing is recession-resilient and how our team created a 380% return for investors.   Want to learn how to scale mobile home park operations or find undervalued parks? We break it all down in this real-world case study.   Watch to learn proven strategies in mobile home park investing that are working today and how we’re doing it again in Fund One.   Key Takeaways: • Why off-market, mom-and-pop-owned parks are gold mines if you know what to look for • How park-owned home conversions unlocked massive value with minimal capital • Reimbursing tenants for siding/skirting turned into a win-win for curb appeal and pride of ownership • Why market rent alignment, utility bill-backs, and simple ops upgrades matter more than flashy amenities • The real reason we returned investor capital within a year and 3.8X’d it on paper   Our Strategy: We don't wait on cap rate compression or rate cuts. We create value through proven playbooks. Our acquisition team is hunting down distressed assets that others overlook, and our ops team is trained to execute fast.   Why It Matters: This deal could’ve died in the wrong hands. Instead, we turned it into a generational win for our investors and the residents. And we’re doing it again in Fund One.   The Bottom Line: These deals are harder to find but they’re out there. We’re buying them now.   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: derek@victorycapital.com   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!•
This MHP Mistake Could Cost You Everything literally. In this must-watch episode, we expose the most critical misstep that new and even experienced mobile home park investors make when buying or scaling parks. Whether you're a seasoned real estate investor, one of many ambitious mobile park owners, or a growth-focused business owner, this warning can save you millions.   We cover the biggest oversight in mobile home park investing, including construction risk, deal underwriting, and poor project management. Learn how the top mobile park owners avoid disaster and build scalable portfolios.   This is real talk from the trenches, with practical advice every real estate investor and business owner needs to hear before closing their next MHP deal. If you're in the game or getting started, don’t let this mistake derail your investment journey.   00:00 – Intro & Why Mobile Parks Aren’t Really Passive 04:50 – The Moment They Almost Quit the Business 10:45 – Biggest Surprises from Interviewing Millionaires 14:35 – The Truth About Scaling & “Enough” 20:10 – Defining Your Ideal Deal as a Mobile Park Owner 27:00 – Construction & Project Management Pitfalls 34:00 – Raising Capital + Bank Financing Strategy 52:00 – Underpromising ROI & Overdelivering   Gain clarity, avoid rookie mistakes, and get ahead in your mobile park investing journey. Ideal for real estate investors and business owners looking to scale smarter.   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: derek@victorycapital.com   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!•  
In this power-packed episode of The MHP Show, Derek Vickers sits down with Daniel Wise Field, CEO of Three Pillar Communities, who owns an incredible 83 mobile home parks totaling 7,600 lots across 15 states. What You'll Learn: How a former corporate lawyer and diplomat built a $150+ million mobile home park portfolio The mental shift from high-achieving W-2 employee to successful entrepreneur Why "courage" is the #1 trait needed for real estate investing success How to raise capital with zero track record (Daniel started by passing the hat for $5,000 checks) The reality of building wealth while managing 100+ employees Mobile home park underwriting secrets from someone who's closed 80+ deals Why affordable housing is the most recession-proof investment class About Daniel Weisfield: Daniel is a third-generation mobile home park investor, operating more than 80 manufactured housing communities in 15 states and serving over 10,000 residents. His grandfather immigrated to the U.S., saved money by fixing cars in his backyard, and eventually bought a mobile home park. To build on that legacy, Daniel’s professional mission is to turn the “trailer park” stereotype on its head. He believes manufactured housing is the best way to close our country’s housing gap and to create affordable home-ownership opportunities. Daniel holds a JD/MBA from Yale and previously worked as a strategy consultant at McKinsey & Company and as a U.S. diplomat at the State Department. When he’s not operating mobile home parks he loves surfing, wilderness conservation, speaking foreign languages badly, and spending quality time with his wife and two young kids. Resources Mentioned: Three Pillar Communities: https://threepillarcommunities.com/ 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: derek@victorycapital.com 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. Stay tuned for more episodes of The MHP Show!
In this solo episode of The MHP Show, I break down exactly why I'm doubling down on mobile home parks despite interest rates and inflated pricing. While others are sitting on the sidelines complaining, I'm going all-in – and here's why you should pay attention. Key Takeaways: Mobile home parks remain severely undervalued relative to demand constraints Supply is permanently restricted – you literally cannot develop new parks in major cities Rent gaps still exist in markets where $400 lot rent meets $1,500 park-owned home demand Economic uncertainty makes MHPs MORE attractive as the cheapest housing option Consolidation creates massive opportunities for operators who stay active My Contrarian Strategy: While competitors retreat, we're scaling our acquisition outreach harder than ever. Interest rates aren't dropping soon, so I'm underwriting deals assuming current rates – creating additional margin of safety for our investors. The Reality Check: Sacred cows of MHP investing (like the "$40K per pad" rule) are keeping investors broke. We've adjusted our thinking at Vicktory Capital and are finding severely undervalued off-market deals while others chase broker listings. Why I'm Personally All-In: My entire net worth is in mobile home parks. I sell my insurance company stock annually to reinvest in our parks. When the CEO puts his money where his mouth is, that should tell you something. The Bottom Line: These assets will only get harder to buy. We're buying now because we'll regret not buying later. While others wait for a market crash that won't come, we're acquiring another 2,000 units. 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: derek@victorycapital.com 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!
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: derek@victorycapital.com 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!
This week on the podcast, we're throwing it back to an absolute classic conversation with Jimmy Johnson, CEO and Founder of Sand Dollar Communities. Jimmy breaks down his journey from having $600 in his bank account to closing 73 mobile home park deals in just 5 years. We dive into his unconventional strategies, the mindset shifts that changed everything, and why going door-to-door still works in 2025. Plus, some seller stories that'll make your jaw drop.   Key Takeaways:  Jimmy's entrepreneurial beginnings - taking $10 photos of foreclosure houses How he narrowed down to mobile home parks through process of elimination Living with grandparents and borrowing earnest money for his first deal The $30K first wholesale that proved the model Why he goes door-to-door at every single acquisition Managing 2,000+ units across small towns with $25/month managers The craziest seller stories you've ever heard His biggest regret: being too picky in 2019 when deals were "insane" Why small town parks are goldmines nobody wants The one thing that separates closers from talkers Jimmy's advice: stop overthinking and just do something If you're tired of analysis paralysis and ready to see what real execution looks like, this throwback episode is exactly what you need. Guest Information: Jimmy Johnson, CEO and Founder of Sand Dollar Communities, went from $600 in his bank account to 73 closed mobile home park deals in 5 years. He specializes in small town acquisitions and third-party management, with over 2,000 units under management. Jimmy's known for his door-to-door approach and willingness to do what others won't. Resources from Guest:  Email: jimmy@jimmyjohnson.co ● Instagram: @FloridaJimmy   🆓 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 Derek: 🔗 Follow on Social Media: @derekvickers885 📧 Email: derek@victorycapital.com   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 parks.   Stay tuned for more episodes of The MHP Show!
In episode #92 of the MHP Show podcast, I deliver a comprehensive breakdown of mobile home park underwriting fundamentals - the essential skill every successful investor must master. Using a real 26-pad Florida deal as a case study, I reveal how to gather critical data from sellers, calculate accurate expense ratios based on different utility setups (direct-billed, master-metered, private utilities), and properly value various park assets including park-owned homes, vacant lots, and RV spaces. You'll learn multiple mobile home park valuation methods including cap rate analysis, price-per-pad metrics, the 1% rule, and cash-on-cash return calculations - giving you a complete framework for evaluating mobile home park opportunities in any market. Key Takeaways: Private utilities (wells, septic, wastewater treatment plants) significantly impact your expense ratio - learn the specific percentages for each setup Conservative approach to park-owned homes: Why valuing them at lot rent levels protects your investment How to analyze deals using multiple metrics: cap rate calculations, price per pad benchmarks, 1% rule applications, and projected cash-on-cash returns The importance of experience in mobile home park underwriting: "You'll be more confident when you understand the numbers through repetition" Subscribe to the MHP Show podcast on Apple Podcasts, Spotify, or YouTube for weekly mobile home park investing strategies, case studies, and operator insights. Leave a review and let me know what mobile home park topics you want covered next!   🆓 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 Derek: 🔗 Follow on Social Media: @derekvickers885 📧 Email: derek@victorycapital.com   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 parks.   Stay tuned for more episodes of The MHP Show!
In this actionable episode of The MHP Show, host Derek Vickers sits down with Mario Dattilo, founder of Equity Growth and experienced mobile home park investor. Mario shares his remarkable journey from network marketing to building a thriving MHP empire, revealing key leadership lessons, operational insights, and wealth-building strategies that have helped him scale to over 40 properties. Key Takeaways: How Mario transitioned from a failed first business to building a multi-company MHP operation Why cross-departmental communication is the biggest challenge in scaling MHP operations The importance of hiring experienced people early, even when it seems expensive Critical strategies for balancing entrepreneurship with family and legacy building Why operational transitions between departments can make or break your MHP business Mario's approach to moving from "nice" to "kind" leadership for better results The psychological roller coaster of deal-making and why it keeps entrepreneurs motivated Guest Information: Mario Dattilo is the founder of Equity Growth, which acquires and manages mobile home parks across multiple states. His ecosystem of companies includes Real Estate Acquisitions USA, Celebrate Title, Celebrate Homes, and Real Cashflow, his education platform. He's been investing in real estate for over 16 years and hosts The Mario Dattilo Show podcast. Resources from Guest: 📱 Follow Mario on social media: @mariodattilo 🌐 Website: mariodattilo.net 🎙️Podcast: The Mario Dattilo Show 🆓 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 Derek: 🔗 Follow on Social Media: @derekvickers885 📧 Email: derek@victorycapital.com   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 parks.   Stay tuned for more episodes of The MHP Show!
As market conditions evolve in 2025, we're revisiting Ryan Narus' game-changing mobile home park strategy that took him from zero to 82 parks and 4,200+ units. This approach is delivering even stronger returns in today's high-interest environment than when Ryan first implemented it. In this must-watch conversation, Ryan shares how he left his banking career to actually LIVE in a mobile home park - gaining operational knowledge most investors never develop. His counter-intuitive approach to building wealth through affordable housing provides the exact blueprint investors need for today's market challenges. What You’ll Learn: The recession-resistant strategy that works in ANY market Why giving up short-term comfort creates long-term wealth How to get started with mobile home parks with NO money down The operational details that separate amateurs from professionals Why the affordable housing crisis makes MHPs even more valuable today How to navigate today's lending environment with creative structures   🆓 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 Ryan:  🌐Website: aredesgrp.com  🔗LinkedIn: Ryan Narus   Connect with Derek: 🔗 Follow on Social Media: @derekvickers885 📧 Email: derek@victorycapital.com   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 parks.   Stay tuned for more episodes of The MHP Show!   #MobileHomeParkInvesting #RecessionResistant #RealEstateInvestor #PassiveIncome #AffordableHousing #NoMoneyDown #REI #MobileHomePark #RealEstateTips #2025InvestingStrategy
If you’re an investor eyeing mobile home parks in 2025, you better listen up. Rates are high. Inventory is tighter. Brokers are still slinging overpriced trash. And prefab housing? It’s creeping in fast. In this episode, I break down what’s actually happening in the mobile home park space right now - and how I’m adjusting our acquisition strategy at Vicktory Capital to stay 10 steps ahead. No fluff. Just hard numbers, real deals, and the truth about what’s working (and what’s not) in today’s market. What You’ll Learn: Why we’re still bullish on MHPs (even with 8% interest rates) The prefab housing wave: threat or opportunity? The #1 mistake rookie investors are making in 2025 How our deal underwriting has shifted (and why it matters) Where the smart money is going right now This game isn’t complicated. While others spin their wheels analyzing every market shift, I’ve got four deals under contract right now - because I stick to the fundamentals that always work. Save this episode for when you’re lost in the noise and need a reminder of what actually moves the needle in mobile home park investing.   🆓 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 Derek: 🔗 Follow on Social Media: @derekvickers885 📧 Email: derek@victorycapital.com   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 parks.   Stay tuned for more episodes of The MHP Show!   #MobileHomeParkInvesting #PassiveIncome #RealEstateInvesting #AffordableHousing #CashFlow #WealthBuilding #RealEstate2025 #MHPMastery
Let’s break down my no-BS system for finding undervalued mobile home parks while everyone else chases overpriced listings. In this Q&A, we’ll discover how to evaluate deals in 30 seconds, get banks to finance your CapEx, and identify which price-per-pad metrics actually matter in today's market. Perfect for both passive investors seeking steady cashflow and active investors tired of losing money on bad deals. We’ll dive into the exact questions I asks sellers, how to structures investor conversations, and why most "no money down" deals are absolute traps. Key Takeaways: Why price-per-pad is critical for finding equity plays worth pursuing The danger zone: what happens when you lowball your CapEx budget "No money down" deals exist, but they're almost always trash parks Park-owned homes are profit killers - always convert to tenant-owned How to structure conversations with potential investors before you have a deal Why being a professional problem solver is the real job description How to win competitive deals when you're not the highest bidder The expense ratio formula that prevents costly underwriting mistakes Why Derek can evaluate deals in 30 seconds (and how you can too) How to get banks to finance your CapEx as part of the purchase loan Cut through the noise and get the straight talk most "gurus" won't tell you. This is the reality of mobile home park investing – no filter, no fluff, just actionable wisdom.   🆓 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 Derek: 🔗 Follow on Social Media: @derekvickers885 📧 Email: derek@victorycapital.com   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 parks.   Stay tuned for more episodes of The MHP Show!
In this episode, we dive into the real truths behind mobile home park investing—from breaking outdated stigmas to navigating unexpected challenges in the field. I share why affordable housing is one of the smartest plays in today's market, what most real estate "gurus" get wrong about building wealth, and why entrepreneurship isn’t for everyone.  We also cover everything from trailer rehab costs and utility strategies to luxury short-term rentals, negotiation skills, and the myths of the 1% rule. Plus, Chris opens up about the best decision he’s ever made.  Key Takeaways: Mobile home parks aren't sexy but... Why certain stigmas around mobile home parks still exist Facing unexpected events as an investor What "gurus" get wrong about creating wealth in real estate Entrepreneurship isn't for everybody Enjoy the highs but prepare for the lows The best thing Chris has ever done in his life Affordable housing is where it's at MHPs are versatile The cost of rehabilitating trailers Knowing when to buy, sell, and recycle Chris's opinion on utilities Defining good negotiation skills The 1% rule DOESN'T work Buying luxury short-term vacation rentals Don’t miss this real, unfiltered conversation packed with insights for investors at any level.   Guest Information:  Chris Rood is the CEO and Founder of Rood’s Real Estate Inc., a seasoned investor, entrepreneur, and educator specializing in mobile home parks and affordable housing. With a no-BS approach to business, Chris has built a real estate empire by focusing on high cash flow, undervalued assets that others overlook. He’s passionate about breaking stigmas around mobile home park investing and helping others create real, lasting wealth outside the hype of mainstream real estate advice. Chris brings raw insight, hard-earned lessons, and a deep understanding of negotiation, deal-making, and the grit required to succeed in both real estate and entrepreneurship.   Resources from Guest: Website: https://www.chrisrood.com Instagram: https://www.instagram.com/realestaterood Youtube: https://www.youtube.com/@ChrisRoodentrepreneur Facebook: https://www.facebook.com/chrisroodentrepreneur/ LinkedIn: https://www.linkedin.com/in/chris-rood-72a76276/ 🆓 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 [Guest]:  📧 Email: Chris@ChrisRood.com   Connect with Derek: 🔗 Follow on Social Media: @derekvickers885 📧 Email: derek@victorycapital.com   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 parks.   Stay tuned for more episodes of The MHP Show!
In this episode, we dive deep into the key strategies for successful mobile home park investing. We’ll explore the importance of building strong relationships with brokers to unlock the best deals, maximizing your real estate investments for long-term growth, and weighing the pros and cons of self-management versus hiring a property management company.  Plus, we’ll cover critical red flags to watch for before buying a mobile home park, the ins and outs of expanding wastewater treatment plants, and the essential steps of due diligence to ensure a profitable investment.  We talk about: Building strong relationships with brokers Maximizing your real estate investments Self-management vs. hiring a property management company Critical red flags to identify before buying a mobile home park Expanding wastewater treatment plants Due diligence in park investments Whether you're a seasoned investor or just getting started, this episode is packed with insights to help you make smarter, more informed decisions in the mobile home park space!   🆓 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 Derek: 🔗 Follow on Social Media: @derekvickers885 📧 Email: derek@victorycapital.com   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 parks.   Stay tuned for more episodes of The MHP Show!
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