The Money Advantage Podcast

The Money Advantage Podcast


Mobile Home Park Investing, with Jefferson Lilly of Park Avenue Partners

December 17, 2018

When it comes to seeking out and mastering a profitable niche, Jefferson Lilly of Park Avenue Partners, a mobile home park investor, is a true leader.  Looking for a stable way to provide value and earn returns, Jefferson began analyzing real estate deals in multifamily housing across the Midwest.  What he found was perplexing, but he continued to pursue this path until he found out why.  And he’s glad he did because it led him to his life’s work and his ideal investment niche!  

Where most multifamily apartment buildings were returning 8%, a mobile home park in the same locality was paying 10%, showing that mobile home parks were more profitable. After he saw this phenomenon ringing true repeatedly in other areas across the country, he started researching to discover why they are such a better deal than apartment buildings, office, retail, or self-storage.  His discovery led to investing personally and managing investor’s capital through partnerships over the last 11 years to acquire 25 mobile home parks in 13 states.

His mission is to create wealth for his investors and to expand the supply of affordable housing.

We’ll discuss this fascinating real estate niche that’s providing an opportunity for accredited investors to earn returns in the range of 8 – 15% cash on cash.

The Definition of Accredited Investor

If you may not know what accredited means, here’s a quick definition.  This is an investor with at least $1 Million of net worth, not including the value of their home, or making at least $200K if single, or $300K if married.

We know that a majority of our listeners and audience fall into this category and are actively looking for ways to put their cash to work earning a return in the most productive way.  If you aren’t there yet, this will be an excellent opportunity to expand your knowledge in preparation.

Where Investing Fits into the Cash Flow System

We are a community of wealth creators.  We know that it is not enough to make a great income.  Instead, you have to figure out how to keep more of the money you make, protect your money, and make more through the right investing decisions.  

Investing is part of stage 3 in the Cash Flow System.  As you build a cash-flowing asset portfolio of real estate and business, you accelerate your path to time and money freedom.  

Who Is Jefferson Lilly?

Jefferson Lilly is the founder and managing partner of Park Avenue Partners.  Jefferson is a mobile home park investment expert and educator. He is responsible for Park Avenue Partners’ strategic direction, acquisitions, and property operations. Before founding Park Avenue Partners, he co-founded Park Street Partners, a similar partnership also focused on acquiring mobile home parks nationwide. PSP’s investments are returning 8% - 15% cash annually to Limited Partners; appreciation is expected to increase returns further. 

Both personally and through his partnerships, Jefferson has acquired 25 MHPs in 13 states since 2007 totaling over $56mm in value. He started the industry’s first podcast (Mobile Home Park Investors) and the largest group on