Innovative Mobile Homes: The Solution to Affordable and Sustainable Housing

Innovative Mobile Homes: The Solution to Affordable and Sustainable HousingShow more

The episode is an interview with Franco Perez, a mobile home expert who aims to break the stigma surrounding mobile homes as an effective pathway to homeownership for first-time home buyers. Franco shares his personal experience of growing up with immigrant parents, experiencing the hardship of being the sole breadwinner for his family and struggling to pay rent. This led him to discover the untapped potential of mobile homes as a solution to affordable and sustainable housing.

Franco and his team at Franco Mobile Homes strive to provide affordable yet modern and contemporary homeownership opportunities to hard-working middle-class families. They specialize in mobile homes and work on converting old single-wide homes into larger luxury-style homes. These homes allow people to live in great areas with great schools and great job opportunities while paying a lower cost on rent and mortgage.

Mobile homes have a lot of bad myths around them, but they are in really good areas and provide an opportunity for low-income families to build assets or wealth. The cost of mobile homes is lower than traditional built site homes because labor is tough and it's hard to get contractors out to a site. Regulations for mobile homes differ depending on the quality and location of the unit, but it's easy to put a unit into your backyard if you live in the city.

Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble

Timestamps:
(00:35) - Beau introduces Franco Perez on the show and talks about his credentials
(01:39) - Franco's personal experience growing up and having to provide for his family
(02:30) - Reflecting on the lack of opportunities for affordable housing and getting into real estate
(03:58) - Discovering the potential of mobile homes in helping families build their first piece of wealth.
(05:55) - Starting with remodeling old mobile homes before realizing it was better to completely remove them and put in a new one.
(06:36) - The different regulations and quality considerations when buying a mobile home
(08:46) - The trend of tiny homes and prefabricated ADUs (Accessory Dwelling Units)
(09:07) - Financial benefits of ADUs for homeowners and investors.
(11:06) - Improving the overall look of a mobile home park by replacing old units with new ones
(11:48) - What usually happens to older mobile homes?
(12:56) - The importance of finding the right delivery companies to move mobile homes without damaging them
(13:12) - Process of bolting together and sealing up mobile homes and addressing mobile home stigmas and myths.
(14:48) - Zoning rules and finding the right plan set
(15:44) - Explanation of pit foundation and its importance
(16:30) - Different requirements in every county and state
(16:59) - Converting ADU to real property to increase property value
(17:10) - Challenges with appraisals for ADUs and changing attitudes towards manufactured housing
(18:50) The value of mobile homes and the emergence of companies like Boxable in Las Vegas
(19:07) Financing options for mobile homes
(20:45) - The advantages of buying a home in Pahrump, Nevada.
(22:21) - The need for younger people to enter the construction workforce
(24:40) - The role of consultants in the manufactured home industry and potential for earning fees.
(25:42) - Existence of agents who specialize in the manufactured home industry
(27:13) - The value of having knowledge and experience in the mobile home industry
(29:43) - Benefits of mobile homes and the opportunities they provide for equity and asset-building
(32:40) - The importance of considering the location
(34:12) Reduce maintenance costs for park owners
(36:09) Different creative ways to help renters afford to house
(38:31) - Providing value to the city by building better and more affordable housing.
(41:19) - The importance of solving the affordability problem for the working class and the role of mobile homes and ADUs in doing so.
(42:05) – Where to go to find out more about Franco Perez
(43:04) - Opportunities in mobile homes for homeowners, future homeowners, and investors.

If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask

💥 Thanks for watching 💥
#mobilehomes #housingmarket #sustainableliving

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.

About the Channel: Want to structure your investments in the right and secure way?

Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.