Jefferson is a self-made millionaire, mobile home park investment (MHP) expert, educator, and industry consultant. Park Street Partners owns 17 MHPs coast-to-coast totaling over $32mm in value. Prior to co-founding Park Street Partners in 2013, Mr. Lilly spent seven years investing his own capital acquiring and operating mobile home parks. Before becoming an investor full-time, Jefferson spent nine years in sales leadership roles with several venture-backed startups in Silicon Valley.
He holds a B.A. from the University of Pennsylvania and an MBA from the Wharton School of Business. Jefferson started and hosts the Mobile Home Park Investors Podcast. He also founded the Mobile Home Park Investors group on LinkedIn – the world’s largest professional networking group focussed on MHPs (3,500+ members).
Why mobile home parks serve an important purpose in our country
How to manage properties nationwide using the latest technology
Supply and demand imbalances
The MHP business model
Value add opportunities in MHPs
Mobile homes have a VIN number, just as a boat, car, or trailer would
10% of the U.S. lives in mobile homes
What was your biggest hurdle getting started in real estate investing, and how did you overcome it?
Jefferson was distracted by his job, personal life, etc. He’s now completely focused and disciplined in his search for mobile home parks.
Do you have a personal habit that contributes to your success?
Jefferson has made an effort to hire people to help him out in his business. His goal is to make himself irrelevant to his business.
Do you have an online resource that you find valuable?