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The Gold Collar Investor

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TGCI 187: From Silicon Valley to Owning Mobile Home Parks

May 2, 2022

In today’s show, Pancham interviews Sam Hales - CEO and founder of Saratoga Group.

With over 15 years of real estate and management experience, Sam has been investing in mobile home parks and offering greater but affordable homes to community members as he is passionate about improving local communities! Curious on how mobile home parks work? Listen to this episode to find out!

Learn the fundamentals of investing in mobile home parks as Sam will share everything you need to know - what they are, how you can start investing in them, and the risks you need to be aware of. He’ll also cover why now is a good time to invest in them and how you can use it to help develop stronger communities!

Listen and enjoy the show!

 

Quote:

“What is something that will do well in a downturn, can provide good cash flow, and then I can build a business around? That led me to mobile home communities.”

Timestamped Shownotes:

  • 0:40 - Pancham introduces Sam to the show
  • 3:23 - Turning his real estate bug into an investing career
  • 7:20 - Mobile home parks and being more than just “buying communities”
  • 9:37 - Why it’s now a good time to invest in mobile home parks
  • 15:54 - Classifying mobile home parks through a star system
  • 17:56 - The difficulties in constructing mobile home parks
  • 23:14 - Things to look out for when investing in mobile home parks
  • 30:07 - Taking the Leap Round
  • 30:07 - His 1st property investment outside of Wall Street
  • 30:45 - Overcoming the fear of losing profits in investments
  • 32:11 - His land investments that didn’t work out as expected
  • 34:37 - Why investors should start by investing in themselves
  • 37:07 - How you can connect with Sam

3 Key Points:

  1. As an owner-operator, you’re owning the land, and the real estate, and then you’re leasing it out to homeowners. This is a great way to provide housing in an era when it's hard to come by.
  2. Although utility costs and payrolls kept going up, we have the pricing power as an owner-operator of mobile home parks.
  3. Understanding the community's infrastructure and utility arrangement is one of the key things to note. For passive investors, your operator is your number one risk.

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