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Oct 28, 2021

Title: Thriving in the Mobile Home Park Industry with Ryan Groene

 

Ryan graduated from The Farmer School of Business at Miami University(OH) in 2012 with a B.S. in Finance. During his academic career, Ryan played 4 years of collegiate baseball. After graduation, he worked in the Finance industry prior to getting into the mobile home park industry full time. Currently, his portfolio has grown to over 8 parks, spreading across 400 lots across the Midwest and Southeast. Ryan also serves as the Director of Operations for Buckeye Communities where he oversees the operations of over 500 lots spread across 8 parks in Ohio and Michigan. Ryan has been involved with almost every aspect of finding, running, turning around, and refinancing/selling mobile home communities.

 

Let’s tune in to his amazing story!

 

[00:01 - 03:34] Opening Segment

  • Get to know my guest, Ryan Groene
  • Finding that finance is not for him
  • Getting to Mobile Home Park life in 2015
  • Ryan is not a landlord on a day and night basis

 

[03:35 - 27:41] Ryan’s Incredible Mobile Home Park Journey

  • Why is Mobile Home Park the best asset class for Ryan?
  • How’s the current deal with Mobile Home Parks?
  • The Mobile Home Park is a truly recession resistant asset
  • On getting loans for Mobile Home Parks
  • The Challenges met with turning Mobile Home Parks anew
  • Why jurisdictions don’t like Mobile Home Parks
  • Ryan shares about the challenges when he started out
  • The partnerships Ryan had as a novice
  • Some mistakes Ryan learned from - he got sued

 

[27:42 - 29:45] Closing Segment 

  • Final Words
  • Connect with my guest, Ryan, in the links below



Tweetable Quotes

 

“A Mobile Home Park is more recession resistant than most other asset classes.” - Ryan Groene

 

“The stereotypes exist [about Mobile Home Parks] but they typically are not true, there’s no mess everywhere.” - Ryan Groene

 

“It’s a solution to the problem, but nobody wants to go there. We would rather throw up apartments or do something else that doesn’t truly make sense.” - Ryan Groene

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Visit and Follow Ted through his LinkedIn, Instagram, and their website www.themobilehomeparkinvestor.com

And email him at ryan.groene55@gmail.com



WANT TO LEARN MORE?

 

Connect with me through LinkedIn

 

Or send me an email sujata@luxe-cap.com 

 

Visit my website www.luxe-cap.com or my Youtube channel



Thanks for tuning in!  

 

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