May 1, 2023
On today's show, we'll hear Andrew's inspiring story and learn how he has achieved such remarkable success in the mobile home park and self-storage investment sectors. In 2015, Andrew Keel stumbled upon mobile home parks and was immediately drawn to this asset class because of the potential for higher-than-average returns and lower-than-average risk. Today, as the CEO of Keel Team LLC, he owns and manages more than 30 mobile home parks spread across 10 states.
Andrew is constantly on the lookout for new opportunities to expand his business and invites anyone interested in selling or assigning a mobile home park to contact his team for a free value analysis. In addition to mobile home parks, he also invests in self-storage facilities, which he finds appealing due to factors such as the auction process for non-payment rather than the eviction process.
Quotes:
“Invest in yourself first and get educated.”
Shownotes:
- 0:44 - Introduction of Guest
- 7:12 - From Salesperson to Mobile Home Park Operator
- 10:30 - A Comprehensive Description of Mobile Home Parks and Their Role in Affordable Housing
- 13:15 - A Guide on Managing Same-Sized Multi-Family Buildings
- 15:30 - Highlighting the Benefits and Value of Investing in Mobile Home Parks
- 21:47 - Andrew's Breakdown of a Cash-Out Refinancing Deal
- 26:14 - Refining and Optimizing Our Deal Size Criteria for Maximum ROI
3 Key Points:
- The value of investing into Mobile Home Parks and Self Storage
- Occupying vacant lots not only increases income, but also significantly boosts the property value.
- Obtaining zoning for a new mobile home park development can be challenging due to economic reasons and zoning restrictions.
Get in Touch:
- Keel Team LLC-http://andrewkeel.com
- Passive Mobile Home Park Investing Podcast- https://www.keelteam.com/passive-mobile-home-park-investing
- The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/ and http://thegoldcollarinvestor.com/show9
- Pancham Gupta Email - p@thegoldcollarinvestor.com