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. 108 | Interview with Jon Shay Building Rapport With Brokers
Ep. 107 | How To Make One Million in Two Years With One Park
Ep. 106 | Interview with Bill Baird – How Submetering Water and Sewer will Save You Money
Ep. 105 | How To Make One Million Off One Hundred Thousand in One Year With One Park
Ep. 104 | Interview with MHP Developer Ray Mazzie - How To Get Approval to Build MHPs
Ep. 103 | Asset Management for Open Door Capital
Ep. 102 - Interview with Joshua Diaz - How To Start Small in MHP
Ep. 101 | Interview With MHP Owners Ryan Hill and Brett Bowman - How to Build a Team to Scale Quickly
EP 100 | Looking Back on Odd Times and Stories From Our Business
Ep. 99 | Case Study - Knowing When To Sell and Leave Some for the Next Buyer
Ep. 98 | Case Studies - Mitigating Infrastructure Risk and Obtaining Entitlements Before Closing
Ep. 97 | Case Study - Follow The Basics And Make Six Figures On Your First Deal
Ep. 96 | Knowing the Difference Between An Employee and an Independent Contractor
Ep. 95 | How To Infill Your Park - A Step By Step Process
Ep. 94 | Interview with MHP Due Diligence Expert Steve Edel - How To Work Through the Diligence Process
Ep. 93 | Interview with MHP Owner Rhett Trees - Scaling Up and How To Differentiate
Ep. 92 | Interview with MHP Owner and Acquisitions Specialist Andy Freeman - How To Go From Car Salesman To MHP Owner
Ep. 91 | Interview with MHP Owner and Financial Analyst Logan Moore - How To Look At A Syndication And Poke Holes In It
Ep. 90 | Lender Mini-Series With Judah Aderet - Finding the Right Lender In A Hot Market
Ep. 89 | Lender Mini-Series With Frank Sciara - Navigating the Different Options and Loan Provisions
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