Mobile Home Park Investing in Blue States with Jeff Cook

Passive Wealth Strategy Show - Real Estate for Busy Pros

Jeff Cook lives and breathes commercial real estate and can usually be found at the office. Jeff finds great fulfillment in the transformation of poorly performing properties, resulting in a very attractive product. Jeff graduated with high honors from Binghamton University with a Masters Degree in Public Administration. He started his career as a project manager for a market research company. He began purchasing multifamily properties in the City of Rochester in 1997. He purchased his first mobile home park in 2009

[00:01 - 04:03] Opening Segment

• Get to know Jeff Cook
• Jeff’s Mobile Home Park World

[04:04 - 10:53] MHP in New York

• Dealing with New York’s Reputation
• The Interesting Dynamic of Mobile Home Parks
  • Cash for Keys
  • How Jeff handles collections
• Mobile yet not so mobile

[10:54 - 24:07] Mobile Home Park Investing in Blue States

• More about Cash for Keys
• Jeff talks about pads for a park
• The Business Plan
• How to Make Sellers Believe that they Should be in a Deal with You
• Management Nightmares
• Jeff’s Real Estate Milestones
• How to Exit a $100-Million Mobile Home Park Portfolio
• Is there another Jeff Cook out there?

[24:08 - 31:31] Closing Segment

• Quick break for our sponsors
  • Groundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.
• What is the best investment you've ever made other than your education?
  • MPH in Utica, New York
• Jeff’s worst investment
  • His first office building

• What is the most important lesson that you've learned in business and investing?
  • “Due Diligence. Do your due diligence. Double-check and triple-check it.”
• Connect with my guest. See the links below.

Tweetable Quotes:

“We find the best deals, not exclusively, but our best deals come from relationships.” - Jeff Cook

“Each park definitely has its own personality.” - Jeff Cook

“There's a lot of equity that's looking to be placed in mobile home parks.” - Jeff Cook

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Connect with Jeff Cook through 585-233-4699, [e-mail], Facebook and LinkedIn. Visit their website https://www.cookpropertiesny.com/.

Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

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