Passive Mobile Home Park Investing

Investing in mobile home parks for time freedom with Kyle Grimm

Mar 4, 2025
Guest
Kyle Grimm
Kyle Grimm, a Midwest real estate investor who owns hundreds of mobile home park lots, walks through his start with a $5,000 house and scaling into parks, RVs and storage. He tells the story of his first park buy, discusses vertical integration and building a lean operations team. They also cover off-market deals, common funding mistakes, and regulatory risks facing the sector.
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ANECDOTE

Basement Bid Turned Breakout Deal

  • Kyle Grimm won his first park at a local auction with almost no due diligence and bought it for $372,500.
  • He filled vacant lots, briefly raised rents, and later sold the park for about $1.04M with minimal capital improvements.
ADVICE

Grow By Reinvesting And Using 1031s

  • Use a snowball approach: buy, fix, sell or refinance, then deploy proceeds into larger assets.
  • Consider 1031 exchanges and selling when ready instead of immediately taking outside equity if you value control.
ADVICE

Vertically Integrate With A Small Local Team

  • Build a small in-house team and local contractors to vertically integrate operations and reduce reliance on outside operators.
  • Hire an operations manager and keep bookkeeping in-house to scale responsibly.
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