Listen "12 | Mobile Home Park Investing Strategies with Keith Meyer"
Episode Synopsis
Keith Meyer is a purposeful commercial real estate operator and investor who has participated in a diverse set of investment vehicles within the industry. Keith’s family and network of investors have owned and significantly increased the worth of several large manufactured housing communities over the past 25 years. Keith leads the deal sourcing and acquisitions side of SCG, working directly with brokers and co-sponsors to acquire properties which meet his team’s distinct criteria. Keith focuses on developing win-win partnerships which are well-defined from inception, and highly productive upon implementation. Let’s tune in to his story! [00:01 - 03:27] Opening Segment Welcome to the podcast! Get to know our guest Keith Meyer Bio Keith’s early start in real estate: “It runs in our family!” [03:28 - 14:01] Mobile Home Park Investing Strategies How to add value to mobile home park properties in the mid-90s A lot different than buying and operating today A lot of manpower and time A pretty similar industry How mobile home parks and apartment properties are alike A piece of advice for future mobile home park investors Make money out of smaller parks Take on a mentor Get educated Investing in Affordable Workforce Housing The Park Center Price, budget, charge, rent, and profit Keith’s role at Symphony Capital Upfront acquisitions Meeting the needs of both parties Communicating and contacting commercial property owners Direct communication
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