109: MHP Series – How to be Competitive in Mobile Home Parks with Ian Tudor

Ian is a Finance graduate of Virginia Tech. He began his career in the Financial Development Program at Genworth Financial. He then joined Parkway Properties, a Class A Office REIT, as a member of the investments division. In this episode, he will discuss how to be competitive in mobile home parks,

During his tenure at Parkway, Ian underwrote over a $1B in acquisitions and dispositions. Ian left to start Archimedes Group with Ryan Narus in Charlotte, NC. They have sourced, participated, and closed over $20,000,000 in deals since 2016. Currently, Ian focuses on growing and operating the portfolio.

(00:01-02:59) Opening Segment

– Introduction of the host into the show
– Alpesh introduces the guest of the show, Ian Tudor
– Ian shares something interesting about himself

(03:00-32:38) Real Estate Investing Journey and How to Be Competitive in Mobile Home Parks

– How and why did Ian get into real estate
– Transition from single-family to mobile home parks
– Ian’s first mobile home park deal
– How to find mobile home park opportunities
– The process of cold calling for MHP opportunities
– How to be competitive in MHP
– Ian’s acquisition strategy
– Types of MHP to target
– Ian’s strategy for MHP with lots of mobile park owners
– Kinds of MHP to stay away from
– How to be competitive in mobile home parks

(32:39-32:56) Break

(32:57-33:18 Second Segment

– Welcoming listeners and guest back to the show

(33:19-38:22) Fire Round

– Will Ian change the business strategy after Coronavirus?
– Ian’s favorite real estate, finance, or other related books
– Tool or website Ian recommends
– Ian’s advice to beginner investors
– How does Ian give back?
– How can Wealth Matters Podcast listeners reach out to Ian?

(38:23-38:47) Closing Segment

Reach out to Ian via email info@mobilehomeparkmentors.com and LinkedIn Ian Tudor. Also, feel free to join their Facebook Group Mobile Home Park Mastermind.