Nov 7, 2022

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, his 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 to create affordable home-ownership opportunities.

In this episode, Daniel shares that his family history is the motivating factor behind his return to the mobile home park industry. He appreciates the hands-on entrepreneurial skills of his grandfather and shares that he never thought he would become an entrepreneur himself. He describes their love for mobile home parks, which they feel provide affordable housing, stable tenants, and special tax treatment. He encourages homeowners to go out and do their solar projects, however, he notes that it needs to be sub-metered and have high solar incidents in order to be feasible. To learn more about Daniel’s work, listeners can visit threepillarcommunities.com!

[00:01 - 01:44] Opening Segment

• Daniel talks about his long career in strategy consulting before turning to mobile home parks in 2017
• He describes his grandfather’s deep craving to own land and own real estate, which is why he came to America and started investing in mobile home parks  

[01:45 - 25:19] Mobile Home Parks Provide Affordable Housing For Normal People

• Leverage loans to expand holdings is a successful strategy for mobile home park investors
• Private equity investors are buying up mobile home parks in order to renovate them and create affordable neighborhoods
• Creating affordable housing and helping residents build wealth
• The shortage of affordable housing in the US and mobile home parks are one solution to this problem
• He is looking to build a community in Donley, Idaho that will offer affordable workforce housing
• He shares his passion for solar energy and community-level solar projects

[25:20 - 37:25] Closing Segment

• Daniel encourages listeners to learn more about threepillarcommunities.com and their services by visiting their website or his Podcast!
• Daniel shares where you can get in contact with him (links below)

Quote/s:

“Even though I'm unproven, this is my first deal, but my family's been doing it for a long time. I've got kind of a support network here. It made it easier to take that risk.” – Daniel Weisfield

You can connect with Daniel through his:
Website: threepillarcommunities.com 

LinkedIn: Daniel Weisfield

Twitter: Daniel Weisfield

Substack: https://danielweisfield.substack.com/

Medium: Daniel Weisfield

Get Revue: Daniel Weisfield 

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

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