Mobile home parks might not be the flashiest asset in real estate, but Jack Martin believes they deserve serious consideration from investors. On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes Jack, co-founder of 52TEN, about his path from flipping thousands of single-family homes and managing apartment units to focusing on mobile home parks. Since shifting gears in 2016, Jack has acquired over 1,500 lots and discovered the stability, scalability, and overlooked potential in this niche.
Jonathan and Jack start their conversation by revisiting Jack’s early start in real estate, inspired by Carleton Sheets while serving in the military. Jack shares how he transitioned from single-family homes to mobile home parks, drawn to their stability and potential. He addresses some common misconceptions about mobile home parks, explains why amenities are important to residents, and highlights how vertical integration and the smart use of technology can streamline operations. With strong tax advantages and a clear framework for identifying worthwhile investments, Jack underscores why mobile home parks can be a powerful, underappreciated addition to any real estate portfolio.
During the episode, you’ll hear more about the following:
- Jack was drawn to mobile home parks after seeing how well they performed during the 2008 recession, offering stability that other asset classes didn’t.
- Many people misunderstand mobile home parks, but modern communities can be clean, safe, and welcoming places that attract long-term residents. Amenities such as clubhouses and paved streets enhance their appeal.
- Effectively managing mobile home parks requires vertical integration, especially when selling homes within the park.
- Mobile home parks offer significant tax advantages, particularly in the first year, through strategies such as cost segregation and bonus depreciation.
Investors are sleeping on mobile home parks, and Jack Martin outlines why they should be on your investing radar.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out https://zenandtheartofrealestateinvesting.com/podcast/239/.