Jan 19, 2022
MHP Podcast Levi Parham Interview Episode
In this episode, we interview mobile home broker and used mobile home expert Levi Parham. We talked about market trends for used mobile homes and the benefits of such purchases to mobile home park owners. Then we touched on what’s happening in the industry of mobile home movers.
As always, this episode is hosted by Maxwell Baker, co-founder of The Mobile Home Park Broker, and brought to you by our proprietary Community Price Maximizer. With our system, we at MHP Broker guarantee you a higher price when you later sell your mobile home or RV community.
Here Are Some Show Highlights:
- Max introduced Levi Parham, a broker partner who specializes in wholesaling individual used mobile homes predominately to park owners. (Max, 0:22)
- The market for used mobile homes is incredibly hot as a trickle-down to the skyrocketing costs of buying residential homes and the time and cost in getting new construction mobile homes. (Levi: 2:26)
- To illustrate how costs for used mobile homes have risen in a very short period: About two years ago Levi sold a 2000-era five bedroom, three bath double-wide in move-in condition to a community in Dallas, Georgia for $25,000. About six months ago he sold an inferior, 1996 three bedroom, two bath single-wide located just 30 minutes from the Dallas GA park for $27,000. (Levi, 3:35)
- Fifteen-year-old mobile homes in move-in condition simply aren’t available anymore. (Levi, 4:13)
- Park owners must be willing to pay the market’s higher price since their empty $300 pads earn them nothing for every month they’re unoccupied. (Max, 4:59)
- Even if the park owner must spend $15,000 for a typical used mobile home, and then spend an additional $5,000 to move it and $2,000 on minor repairs, it can be a profitable venture based on the park’s increased market value. (Levi, 5:42)
- Recently, two used mobile homes offered to park owners by Levi and rejected for cost issues were quickly picked up by members of the general public, proving there’s a definite market at the higher price point. (Levi, 7:25)
- Levi has found there to be a great marketplace for used mobile homes advertised in Facebook, where his page gets 100,000 views a month. (Levi, 10:04)
- There’s a huge opportunity for those who might want to enter the mobile home moving industry. Many existing firms are not operating on a professional basis. (Levi, 11:17)
- Entry in the moving industry can cost a half million dollars, but investment payback-plus can take as little as one to two years, though the major industry challenge is finding and keeping good workers. (Max, 13:23)
Want to know more about the business of buying and selling used mobile homes? Contact Levi Parham by dropping him a line at mobilehomes@themhpbroker.com or through MHP Broker at our 678-932-0200 number.
Power QuotesFrom Max and Levi Parham:
- “... if you went to a Clayton dealership today, you've got 12 to 18 months before you get a house. So, all the people then went to the used mobile home space.” (Levi, 2:26)
- “...these higher quality houses that need very little repair, they're getting hard to come by.” (Levi, 4:13)
- “...if a seller is looking to get a house removed from their property, how can you make that as easy as possible? So coming in being professional, truly having a piece of property that's already set up and zoned for a mobile home and all those things are in your favor, and you have that as a negotiating power.” (Levi, 4:13)
- “But you have to understand that these $5,000, move in ready, 15-year-old houses justaren't available anymore.” (Levi, 4:13)
- “Without homes inside your park, it is just a lot of dirt.” (Levi, 17:50)