Bob FraserCFO & Macro Strategist | Data-Driven Investing Expert | Speaker & Author

With mobile home parks, it's a lot less of a lift. | Justin Donald; the Lifestyle Investor.

Name: With mobile home parks, it's a lot less of a lift. | Justin Donald; the Lifestyle Investor.
Uploaded: 2022-08-30T08:00:09+00:00
Duration: 57 s
Channel: Bob Fraser
Description: In this interview excerpt, Justin Donald explains how mobile home park (MHP) investing differs from traditional multifamily properties. He emphasizes…

30 Aug 2022 · 1 min

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In this interview excerpt, Justin Donald explains how mobile home park (MHP) investing differs from traditional multifamily properties. He emphasizes that MHPs require minimal hands‑on work—typically only 5–10 hours per week—because residents own the homes and the owner’s responsibilities are limited to maintaining utilities and common areas. Donald describes how acquiring additional parks moved his cash flow from covering basic living expenses (survival income) to providing a comfortable lifestyle (lifestyle income). Once his portfolio generated sufficient profit, he chose to stop working directly in the business, focusing instead on personal passions and hiring a professional manager to run day‑to‑day operations, thereby achieving true passive ownership.

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With mobile home parks, it's a lot different than most other, you know, multifamily. It's a lot less of a lift. There's not a lot to do. I mean, it really was 5, maybe 10 hours a week max. Uh, it's just not the same animal as some of the other, you know, as like a, an apartment complex. Most of the residents own their own property, own their own homes. You don't have to maintain the home. You just have to maintain the utilities to the home. So, in time though, you know, we bought that second park and it covered our survival income. We bought our third park and it covered our lifestyle income. So, at that point, I knew I didn't have to work. I mean, it was a true choice. Like, I get to work, I don't have to work. So, what is it I want to do? What is the hour, you know, kind of breakdown that I might want to work inside? You know, what am I passionate about? And at that point in time, we also had enough profit to be able to bring in a manager to run everything.