Passive Mobile Home Park Investing Through An Investment Fund Structure

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode of the Passive Mobile Home Park Investing Podcast, Andrew talks about the second way you can passively invest in mobile home parks, which is through an investment fund structure. Andrew goes over investing in investment funds vs. syndications, and also discusses the legal side of the investment fund setup. Andrew also discusses the power of an experienced operator and how that can alleviate a lot of the risks involved with investing in mobile home parks. After all, you can have success investing in trailer parks if you are informed and educated.

***Andrew Keel and Keel Team Real Estate Investments (Keel Team, LLC) do not endorse any
interviewee. This interview is for informational purposes only and should not be depended upon
for investment purposes. ***

Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 1,400 lots under management. His team currently manages over 20 manufactured housing communities across ten states – AR, GA, IA, IL, IN, MN, NE, OH, PA and TN. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities.

Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews: https://www.keelteam.com/podcast-links. In order to successfully implement his management strategy Andrew’s team usually moves on location during the first several months of ownership. Find out more about Andrew's story at AndrewKeel.com.

Would you like to see mobile home park projects in progress? If so, follow us on Instagram: @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions.

Talking Points:

00:18 - Welcome to the Passive Mobile Home Park Investing Podcast

00:30 - Investment Fund Structure

01:15 - Syndications versus Funds

02:00 - The power of an experienced operator

03:00 - The Legal side of Investment Funds

05:50 - Property specific syndication

06:10 - The importance of trust

07:27 - Investment Funds are Close-Ended

07:52 - Variable based on investment 

08:15 - Examples of Funds in no particular order

09:20 - Tips for investing this way

11:11 - Funds with dry powder

11:30 - Conclusion

Links & Mentions from This Episode:

Investing in Real Estate Private Equity: An Insider’s Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding, by Sean Cook 

Keel Team's official website: https://www.keelteam.com/

Andrew Keel's official website: https://www.andrewkeel.com/

Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel

Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPin...

Andrew Keel Instagram page: https://www.instagram.com/passivemhpi...

Twitter: @MHPinvestors

Quotes:

“Funds by nature are considered more diversified because they’re often investments in multiple properties.” - Andrew Keel

“Many like to say that investing in a syndication versus an investment fund is similar to investing in a stock versus a mutual fund.” - Andrew Keel

“All investors in a 506-C offering must be verified as accredited in order to participate [in mobile home park investment funds].” - Andrew Keel

“The term accredited investor is defined in Rule 501 of Regulation D of the US Securities and Exchange Commission.” - Andrew Keel

“Trust is very important because you’re investing your capital, typically not knowing what they’ll purchase with your funds.” - Andrew Keel