Thinking Like A Bank- Ep 59 - The Best Real Estate Asset Class to Own? With Daniel Weisfield
Daniel Weisfield is a third-generation mobile home park investor, operating more than 40 manufactured housing communities in 7 states and serving over 10,000 residents.
His grandfather immigrated to the U.S., saved money by fixing cars in his backyard, and eventually bought a mobile home park. To build on that legacy, Daniel’s professional mission is to turn the “trailer park” stereotype on its head. He believes manufactured housing is the best way to close our country’s housing gap and create affordable home-ownership opportunities.
Daniel holds a JD/MBA from Yale and previously worked as a strategy consultant at McKinsey & Company and as a U.S. diplomat at the State Department. When he’s not operating mobile home parks he loves surfing, wilderness conservation, speaking foreign languages badly, and spending quality time with his wife and two young kids.
This episode talks about:
– Daniel shares why he decided to continue the legacy of investing in mobile home parks.
– The business model of the Three Pillar Communities.
– What does “value add” mean in real estate?
– Financing a mobile park home
– Misconception about trailer home parks from the general public
– How mobile home parks have changed in the last few decades?
– Why are mobile home parks considered one of the best investments in the United States?
– Some of the tax advantages of mobile home park investing?
– Who can invest with Three Pillar Communities?
– Typical holding period when investing in mobile home parks?
– Multi-family versus mobile home parks?
– The future of Three Pillar Communities, projected AUM for the future
To connect with Daniel Weisfield and learn more about mobile home parks, please visit:
Company Website
https://threepillarcommunities.com/Linkedin https://www.linkedin.com/in/daniel-we…Twitter https://twitter.com/danielweisfieldFacebook https://www.facebook.com/daniel.weisf…Email info@threepillarcommunities.com
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**Not intended to be financial advice. Please consult a professional who knows your specific situation.