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. 68 | Mini-Series On Zoning Options To Utilize Your Property - Rezoning
Ep. 67 | Tips To Avoid and Cure Frozen Pipes
Ep. 66 | Interview with MHP Owner Mark Bibas - Lessons Learned On His First Deal
Ep. 65 | Interview with Top 50 MHP Owner Daniel Weisfield
Ep. 64 | Interview with MHP Owner Miles Noland - Navigating Master Lease MHP Deals
Ep. 63 | Forecast for The Biden Administration and its Impact on MHP and USA
Ep. 62 | Don't Ruin Your LLC Protection - How To Avoid Piercing The Corporate Veil
Ep. 61 | Interview with Austin Marsh - Property Management Tips and Tricks from the Field
Ep. 60 | Making Sure Your Property Management Agreement Is Buttoned Up
Ep. 59 | Interview with Jimmy Johnson - Assigning (Wholesaling) Tips From The Experts
Ep. 58 | Buying The LLCs vs The Real Estate - Pros and Cons
Ep. 57 | Interview with Scott Jolly - How To Save Money Short and Long Term on Cap Ex Road Work
Ep. 56 | Key Things To Look For, Or Dodge, In Bank Docs
Ep. 55 | Interview with MHP Owner Ryan Groene - Operational Tips For MHPs
Ep. 54 | How To Keep From Losing Money While Reviewing Closing Docs
Ep. 53 | Interview with MHP Owner Danny Grisa - How To Avoid Contractor Problems
Ep. 52 | Making Sure You Have Landlord Rights When You Buy
Ep. 51 | Buying Your Park Owned Homes Correctly With a Good Bill of Sale
Ep. 50 | Ferd's Favorite Things - MHP Stocking Stuffer Ideas
Ep. 49 | Landlord-Tenant Screening - What To Do
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