The Mobile Home Park Lawyer Podcast
Business:Investing
In this week’s episode of The Mobile Home Park Lawyer Podcast, we have Victor Alves, a real estate entrepreneur and Co-Founder of Vecno capital.
Victor was a former sales district manager for a Fortune 500 company, who won several top performance awards before pursuing his career in real estate investing. He is a licensed contractor in the city of San Antonio, TX, a licensed manufactured home retailer, broker, and installer in the state of Texas, and actively serves as a Real Estate Coach for one of the nation’s leading real estate investment education companies.
If you are thinking about transitioning from single-family flips to mobile home parks, you have to see this episode. Victor tackles the steps required to take when transitioning from single-family flips to MHP, understanding demographics and clientele, finding and working with good people in the industry, and being ready for the unexpected.
Highlights of the episode:
00:50 - Introduction of the guest
01:30 - Background of the guest
06:10 - Motivation for the transition from single family flips to MHP
11:38 - Easy and hard steps through the transition
12:16 - Understanding demographics and clientele
14:05 - Utilities and working with a septic company
14:48 - Understanding infill
18:40 - Tips for people who are thinking about following Victor’s footsteps
19:58 - Finding good people in the industry
23:03 - Loans and working with lenders
26:42 - Underwriting
30:49 - Ensuring recovery when things don’t go as planned
Notable Quotes
If you don’t like it now, the chances that you’re gonna like it later is very minimal.” - Victor Alves
“Get into the business” - Victor Alves
Connecting with the Guest:
Facebook: https://www.facebook.com/victor.alves.7587
Email: victor@vecnocapital.com
Website: https://www.vecnocapital.com
Connecting with MHP Law:
Website: https://themobilehomelawyer.com/
Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069
LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/
Instagram: https://www.instagram.com/themhplawyer
#mobilehomepark
#singlefamily
#transition
Ep. 168 | Interview With Ken Schefler on Navigating The Current MHP Sales Market
Ep. 167 | Interview With Franco Perez on Helping Residents Upgrade Their Homes
Ep. 166 | Interview With Scott Macneil on Financing Mobile Home Sales With Pep
Ep. 165 | Ferd Niemann on How To Make More With Less. Bigger Splits For the GP Beats More Pads!
Ep. 164 | Interview with Vincent Tao and Elizabeth Woods on Quitting Your Job and Becoming RE Investors
Ep. 163 | Interview With MHP Owner and Operator Yoel Kelman on How to Grow an MHP Company
Ep.162 | Interview With MHP Owner and Broker Enon Winkler on How To Navigate A Challenging Capital Market
Ep. 161 | Interview With Bryce McMurry on Growing A Portfolio With A Contractor Mindset
Ep. 160 | Interview with Jonathan Gilmore on the Dutiful Execution of TIC Drop and Swap 1031 Transactions
Ep. 159 | Ferd Niemann on the Legal Risks For the Unweary, Navigating the Acquisition
Ep. 158 | Interview With Ryan White on Navigating the Evictions Process
Ep. 157 | Interview with Mitchel Armstrong on How To Hustle, Network, and Persevere Into MHP Success
Ep. 156 | Ferd Niemann on How To Write A Cover Letter to LP or Passive Investors
Ep. 155 | Ferd Niemann on How and When to Use a Master Lease with Option to Purchase
Ep. 154 | Ferd Niemann on Why and When Do I Need A PPM Over a Joint Venture
Ep. 153 | Ferd Niemann on the 10 Steps to Getting Your Loan Approved
Ep. 152 | Ferd Niemann on Being Obstinate and How It Can Save the Day
Ep. 151 | Ferd Niemann on the Factors to Consider when Selecting a Title Company
Ep. 150 | Interview With Jonathan Gilmore: Escrow Holdback Agreement
Ep. 149 | Interview with Paul Bradley: How to Sell Your Mobile Home Parks to Your Residents
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