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 48 | Interview with MHP Owner Larry Abramowitz - How to Get the City to Work for You
Ep. 47 | How To Avoid Getting Stung By a Non-State-Specific Lease
Ep. 46 | Interview with MHP Owner Patrick Hagens
Ep. 45 | Syndicator Reporting Dos and Dont's
Ep. 44 | MHP Owner Interview with Andrew Keel - Tips and Tactics in Today's Market
Ep. 43 | Navigating SEC Regs on Syndication - Part 2 of 2
Ep. 42 | Navigating SEC Regs on Syndication - Part 1 of 2
Ep. 41 | Syndication Spreadsheets - How Does The Math Work?
Ep. 40 | MHP Owner Interview with Sam Hales - Increase Your ROI By Investing in Opportunity Zones
Ep. 39 | MHP Owner Interview with Jefferson Lilly - Expanding Your In-House Team
Ep. 38 | 10 Financial Metrics Every Syndicator Must Master
Ep. 37 | Syndication - Start with The Basics
Ep. 36 | MHP Owner Interview with Jonathan Tuttle - Using Digital Marketing To Generate More Leads and Sell More Homes
Ep. 35 | Rent Manager 101 - Part 2
Ep. 34 | Rent Manager 101 - Part 1: Detailed Example of PandL
Ep. 33 | Special Report Regarding Agency Loan Changes and Govt Lease Intrusion
Ep. 32 | Interview with Gonzalo Castro - Entering the MHP Space While Running Your Own Company
Ep. 31 | Take Pride In Your Work and MHP - Easy Moves to Transform Your MHP and Culture
Ep. 30 | How To Wholesale or Assign a Deal And Actually Get Paid
Ep. 29 | First Time MHP Buyers Mini-Series: Interview with Alpesh Parmar - From Silicon Valley to MHP Owner
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