742: Mobile Home Parks Generate High Cash Flow

Mobile Home Parks aren’t pretty, but they consistently generate more cash flow than many other asset classes. As a result, a lot of newer investors entered the space over the past several years. Unfortunately, many of them have not achieved the results they anticipated because of the arduous nature and complexity of boosting occupancy and managing these properties. Mario Datillo, CEO of Celebrate Communities, has fourteen years’ experience in the Mobile Home Park business and is buying these communities in Florida and other growth markets. Mario also publishes a lot of educational content for new Mobile Home Park investors. Mario targets a 10% cap rate upon stabilization by year two and IRRs in the high teens.