From Slumlord to Stabilized: Flipping a Mobile Home Park with Creative Finance
Description
Host Justin Tuminowski sits down with Texas investors Lance & Jessie Riggen to unpack their full creative-finance playbook on a 42-pad mobile home/RV park in Midland, TX. They found the deal on a listing site, negotiated $1.4M seller financing at 7.5% with 10% down and 18 months interest-only, then battled deferred maintenance, septic surprises, vacancies, and weak management.
Perfect for anyone learning creative finance, JV structuring, and mobile home park repositioning—with real numbers, real problems, and real solutions. If you’ve got a Sunbelt deal or want in on their “deal room,” connect with Lance on IG: https://www.instagram.com/lanceriggen/
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