Patrick McDonald is the Principal at Community Management Group LLC. He was a corporate medical recruiter for 8 years before going into real estate investing full-time. He discovered mobile home parks and sold his small multi-family, and started buying parks. He never put in more than $60k each and has grown to 23 parks, 1400 lots, and around $75 million in value. Building towards 3500 lots in the next 3 years.
Tune in to this episode as Patrick shares valuable insights into the mobile home park industry and how one can achieve success in this industry!
[00:01 - 04:12] Opening Segment
[04:13 - 15:38] The Challenges Of Finding Good Deals And Raising Rents Responsibly
[15:39 - 30:37] THE FINAL FOUR
Connect with Patrick McDonald:
Website: Community Management Group LLC
LinkedIn: Patrick McDonald
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Tweetable Quotes:
“It's really important that you create that value, before you start to ask people to pay more.” – Patrick McDonald
“It's always been hard to find good deals, but because we've done that and not relied on brokers, we've been able to go out and find deals and still do find good deals.” – Patrick McDonald
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