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Jefferson Lilly is a mobile home park investment expert, educator, and industry consultant who has been featured in the New York Times, Bloomberg Magazine, and on the \'Real Money\' television show.\\xa0 Prior to co-founding Park Street Partners in 2013, Mr. Lilly spent seven years investing his own capital at Lilly & Company where he acquired and continues to operate mobile home parks in the Midwest.\\xa0 Prior to becoming an investor full-time, Jefferson spent 10 years in sales leadership roles with several venture-backed startup companies in Silicon Valley that were acquired by Openwave Systems and VeriSign.\\xa0 Earlier in his career he held operational roles at Viacom and was a consultant with Bain & Company.
Key Takeaways:
[2:30] The history of Jefferson\'s investing and value investing with mobile home parks
[4:38] Whether the mobile home park scene is too crowded or if there\'s still room
[7:07] How to find a broker for mobile home parks
[11:22] If Jefferson prefers park or tenant owned homes
[14:02] The interest rates being charged to tenants when they\'re buying homes
[18:20] Why mobile home parks aren\'t being built anymore
[19:25] The biggest mistake Jefferson made in the mobile home park real etate market
[22:20] How Jefferson went about turning a mobile home park into a better investment after purchase
Websites Mentioned:
www.parkstreetpartners.net
www.tulsaestatesmhp.com