307. Buying Dirt, Building Cash Flow, and Winning with Mobile Home Parks with Major Hillard
About this episode
Major Hillard IV shares his journey from a $1,500 investment to owning over 1,000 lots in mobile home parks, discussing the benefits and challenges of this real estate niche.
Joe Jensen sits down with Major Hillard IV, a self-made mobile home park investor who started with just $1,500 and no connections before growing into more than 1,000 lots, 500+ homes sold, and over $70 million in real estate transactions. Major shares how reading Deals on Wheels by Lonnie Scruggs changed his life, pushing him from working three jobs and living with his parents into flipping mobile homes, buying parks, and eventually choosing mobile home communities over multifamily because of the lower overhead, stronger cash flow, and simpler maintenance model. Major breaks down why mobile home parks can be one of the most powerful affordable housing plays in real estate, especially when tenants own the homes and investors own the land. He explains how he turns around struggling communities through strong management, cleaner operations, better tenant standards, lights, cameras, and clear rules. The episode also covers the pros and cons of the asset class, including financing challenges, DMV/title issues, infrastructure concerns, tax advantages, and why institutional buyers are increasingly paying big money for stabilized parks. Book a free real estate investing strategy call! No…
People in this episode
Host: Joe Jensen
Guest: Major Hillard IV
Topics covered
- mobile home parks
- real estate investing
- cash flow
- affordable housing
- property management
Keywords
- mobile home parks
- real estate
- cash flow
- affordable housing
- property management
- investing
Mentioned in this episode
Organizations: Real Estate Investing School, mhestates.com
Books & works: Deals on Wheels
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