In this week’s episode of The Mobile Home Park Lawyer Podcast, we have Victor Alves, a real estate entrepreneur and Co-Founder of Vecno capital.
Victor was a former sales district manager for a Fortune 500 company, who won several top performance awards before pursuing his career in real estate investing. He is a licensed contractor in the city of San Antonio, TX, a licensed manufactured home retailer, broker, and installer in the state of Texas, and actively serves as a Real Estate Coach for one of the nation’s leading real estate investment education companies.
If you are thinking about transitioning from single-family flips to mobile home parks, you have to see this episode. Victor tackles the steps required to take when transitioning from single-family flips to MHP, understanding demographics and clientele, finding and working with good people in the industry, and being ready for the unexpected.
Highlights of the episode:
00:50 – Introduction of the guest
01:30 – Background of the guest
06:10 – Motivation for the transition from single family flips to MHP
11:38 – Easy and hard steps through the transition
12:16 – Understanding demographics and clientele
14:05 – Utilities and working with a septic company
14:48 – Understanding infill
18:40 – Tips for people who are thinking about following Victor’s footsteps
19:58 – Finding good people in the industry
23:03 – Loans and working with lenders
26:42 – Underwriting
30:49 – Ensuring recovery when things don’t go as planned
If you don’t like it now, the chances that you’re gonna like it later is very minimal.” – Victor Alves
“Get into the business”- Victor Alves
Connecting with the Guest:
Connecting with MHP Law: