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 128 | Is The MHP Star Rating Relevant with Ferd Niemann
EP 127 | 25 Factors of a Bad Investment
EP 126 | Interview With MHP Owner Ryan Smith Evaluating Risk, Reward, and Opportunities
EP 125 | Mobile Home Park Owner From $5K to $300MM Portfolio
EP 124 | Forty Things To Look For When Doing A Site Visit
EP 123 | Twenty Plus Post Closing Tasks
EP 122 | Running a Fund Comprised of Small MHPs
EP 121 | Panel discussion on Growing Pains
EP 120 | Panel Discussion on Raising Funds
EP 119 | Running a POH Business with Chris Murray
EP 118 | Interview With Nick Najjar Lessons Learned In A Competitive Market
EP 117 | What To Do When A Seller Defaults
EP 116 | How To Drop A Deal Wisely
EP 115 | Why Grandfathered Rights Might Be Superior To Legal Conforming Zoning
EP 114 | Interview With MHP And RV Owner Heather Blankenship
EP 113 | Interview With MHP Owners Dylan Stewart and Alex Donnolo How To Enter and Scale MHP‘s
EP 112 | Interview With Jonathan Gilmore How To Combine 1031 Exchange and Syndications
EP. 111 | Interview With Kristin Dreasler How To Navigate Mobile Home Title Issues
EP. 110 | Interview With Frank Bowman Navigating State and Local Regulations in Illinois and Elsewhere
EP. 109 | Interview with Gene Norman - Weather Alerts and Why You Should Attend MHP Conference
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