112: MHP Series - How Flipping Mobile Homes Work with Jonathan Tuttle

Jonathan Tuttle is the Fund Manager at Midwest Park Capital which is a private real estate investment firm providing accredited investors with exclusive access to high yield investment in the mobile home park vertical. Our fundamental strategy is to assemble a diversified portfolio of low risk, high cash flow mobile home park assets with the goal of delivering capital preservation consistent quarterly cash on cash income paired with equity growth. To see our PPM go to https://MidwestParkCapitalFund.com/

Jonathan is also the Founding Director of the digital marketing agency, Revenue Ascend which was selected as one of Chicago’s most inspiring stories by Chicago Voyage Magazine. They are trusted by small businesses to celebrity brands using there powerful lead generation & conversion systems, omnipresence and intent-based branding, marketing automation & follow up, dynamic call tracking, detailed analytics, along with our unmatched client support. Revenue Ascend handles it all. www.RevenueAscend.com

Jonathan previously served as the President of the Midwest for Yale Realty and Capital Advisors. Yale is the preeminent boutique mobile home park brokerage firm in the United States where the team of 5, completed 2 Billion in closed brokerage transactions and real estate evaluations in this niche sector.

Recently, he was selected as a contributor to Forbes Magazine in the Forbes real estate council and has been featured on over 30 national Podcasts. Jonathan was selected by Habitat for Humanity Youth Board as one of the top social media influencers in Chicago. Also, he was selected by the prestigious Crain's Chicago Business and Fox News Chicago as one of the best dressed Chicagoans. Wanting to create more value, he attended the program on negotiation for senior executives at Harvard Law School. In his spare time, Jonathan gives back to local charities and has sat on numerous boards of directors to 100% nonprofits. In addition to throwing Brownie Bash, which is an annual fundraiser and adoption event for homeless dogs to find forever homes.

(00:01-02:11) Opening Segment

- Introduction of the host into the show

- Alpesh introduces the guest of the show, Jonathan Tuttle

- Jonathan shares something interesting about himself

(03:06-33:49) Real Estate Investing Journey and Flipping Mobile Home Parks

- When and How Jonathan started to invest in real estate

- Difference of Mobile Home Parks from today to 15 years later

- How to flip mobile homes

- Strategies used in buying and acquiring homes

- Importance of performing a competitive analysis of the market

- Can you invest in MHP remotely? How does it work?

- How to handle investors who don't want third parties involved in managing MHP?

- Gotchas to keep in mind when flipping mobile home parks

- How to make sure the title is solid?

- Is the insurance kept once it is bought? How to acquire insurance?

(33:50-34:07) Break

(34:08-34:15) Second Segment

- Welcoming listeners and guest back to the show

(34:16-40:43) Fire Round

- Will Jonathan change the business strategy after Coronavirus?

- Jonathan's favorite real estate, finance, or other related books

- Tool or website Jonathan recommends

- Jonathan's advice to beginner investors

- How does Jonathan give back?

- How can Wealth Matters Podcast listeners reach out to Jonathan?

(40:44-41:08) Closing Segment

Reach out to Jonathan by visiting mobilehomewealthacademy.com or midwestparkcapital.com