Unlocking Opportunities In Real Estate With Manufactured Homes With Brant Phillips | IA Summit 2023

In this video, Brant Phillips is the founder of Invest Home Pro and flipped more than 300 houses will guide you through the process of unlocking incredible opportunities that exist within the real estate market by leveraging the power of manufactured homes.

Discover how these affordable and versatile homes can be a game-changer for both investors and homebuyers alike.

We will share expert insights, tips, and strategies on how to navigate this growing sector, highlighting the advantages and unique opportunities that come with manufactured homes.

Whether you’re a seasoned real estate investor looking to diversify your portfolio or a first-time homebuyer seeking affordable housing solutions, this video is packed with valuable information to help you seize the opportunities that lie within the realm of manufactured homes.

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Get ready to unlock the doors to new possibilities and take your real estate ventures to the next level with manufactured homes!

Transcript:

Jamie Bounds  00:00

Brant Phillips, he’s going to be talking about opportunities with manufactured homes. Brant is the founder of Invest Home Pro. He started buying houses while living in an apartment and has flipped more than 300 houses. His company was also recognized by Inc 5000 as one of America’s fastest-growing private companies. So, welcome and go ahead and take it away.

Brant Phillips  00:28

Oh, good. All right. Awesome. Well, I’m gonna do my best to cover all my slides. I hope I get through them all. I’m going to be very comprehensive, not gonna go too in-depth today. But my real goal here is it’s kind of educate you guys. Give you some information and insights on manufactured housing. And, you know, maybe even you know, gets a little excited and pumped up and beginning to get equipped to maybe take some action in this space of where I’m at so quickly about me kind of like my highlights, if you will. And just kind of shameless plugs here. I got started in real estate 15 years ago, my claim to fame, that if you’ve heard my story before, you know, my wife and I were living in an apartment we were broke.

I had a job that I absolutely hated. We had just been on this Dave Ramsey. We’re debt free. We paid off our student loans and bad debt, and had no financial education other than the Dave Ramsey thing. And read Rich Dad Poor Dad along with a bunch of other books very quickly and decided to go all in with real estate. Use that credit or use a credit card that we just paid off. Essentially a down payment to buy a rental property and about 10 rental properties, a first-year real estate, starting out living in an apartment and having no money. And, you know, kind of the rest is a history of you know, being able to write several books and go on Fox News and do a lot of things you built a fortune 5000 Inc. Inc 5000 fastest growing company. Yeah. That’s my quick bio.

This is more of the why you may want to listen to me and just kind of add some credibility for our start talking. I’ve done hundreds and hundreds of deals primarily in single-family, 98% and single family, but I’ve done commercial deals and small multifamily in what we’re gonna get into a mobile home park that got an RV park subdivision development. All those types of things we’ve invested over a little bit over $50 million. Collectively over the years, we’ve got a little over $14 million in current projects right now, as we speak today. And what I’m most proud of in my career and this is not trying to toot my own horn, although Grant Cardone said the other day, said to me you got a horn, why don’t you toot it? I love that. You know, like ticker alert a little bit.

But more importantly, I’d like to say that what I’m most proud of is I do have 100% track record of loan performance with all my lenders and all my financial obligations. And I’m very proud of that, personally, because it hasn’t always been easy. My back’s been against the wall. I’ve had to figure things out. But more importantly, for you the reason I share that, you know, it’s not to brag or boast to impress but to impress upon you. The importance of having a sustainable business model. A business model that produces cash flow. A business model that can help you get through the ups and downs and the different cycles of the real estate market. Right. One of the reasons I’m so proud of that, number one is my relationship with my lenders.

Credibly important to me, but number two, kind of I’ve got a quote-unquote proven model that I’ve been investing with for over 50 now. It’s my 16th year in real estate. So all that being said, not an attorney, not an accountant, not a financial adviser, or anything like that. Not promising anybody that you can easily go out and do what I’ve done, or what person Jamie has done, or others have done. But the point is, though, that I’m going to share with you what my experience has been, my experience has been really good. All right. And you’re gonna have to take that and get glean from that what you can and apply to your business.

So let’s move into my training on manufactured homes. So you may be asking yourself, you know, Brant, like afternoon the hundreds of single-family deals, what led me to begin investing in manufactured homes and really more specifically mobile home parks and subdivisions and things like that we’re doing? Right. So that’s a fair question. Okay. That’s a fair question because for the first 10 to 12 years, probably more than that. As a real estate investor, I never even thought about doing mobile homes. I had a buddy who started to mess around with them and I just thought he was crazy. Maybe a little bit of a redneck and I’m a little bit of a redneck, but I was just kind of like judging him like I was doing a mobile home. And I started looking at the opportunity. Right.

I just started to consider why did I even begin to consider? Well, there were two main factors, two main reasons. Number one, I just sensed the market was changing. Right. And if you’re in today’s market, doesn’t make you a real estate expert to know that the real estate market has changed. But even going back three, four or five years ago, the market started to change. Right. Saturation of our local market was the other thing that was occurring, where we used to go, we could walk down the street, and you know, 2009 and 10, and trip over real estate deals. Right. Like they were everywhere because people didn’t have the money to finance them. Right. If you had the money to finance the deals, the deals were limitless. Well, the world has changed. Right.

Essentially, financing is limitless. You can walk down the street, now I trip over money and lenders because the money is flooding the streets. But the deals are incredibly hard to find. Right. And I knew things had officially changed when one of my acquisitions agents got back from an appointment. And he said, “The seller I just met with had 12 other offers. She had them all in a notebook and some of them were $30, 000, $40, 000 or $50,000.” More than the offer would have been. It’s hard to compete in that market. Right. And so going back to my track record, this is not a sustainable model. So I started exploring and looking for other opportunities in real estate. I’ve never been a multi-family guy. I don’t love tenants. I’ll just be honest. I love working with homeowners and giving people a chance for the American dream. That’s why I do a lot of owner financing and things like that.

I do hope rental portfolio, they’re just not never resonated for me to be that guy. And so sort of looking for other things. So I really started digging deep into like, alright, as an entrepreneur, what do we do as entrepreneurs? We solve problems. And what were two of the biggest challenges I started sensing and started seeing in the market was supply. Right. Our supply was going down. Right. Because the market was coming up. Cheap financing investors flooding the market, I buyers, flooding the market. So our supply was shrinking. And as the government’s printing money, affordability is going away as well. Right. And so those are two big problems. And we know is you know, real estate investors, the greatest loss for solve the biggest real estate problems. So that solving when I kind of started looking at, “Hey, what are we dealing with?” You know, I’m in the Houston area. And you look here, we’ve got 1.6 months of supply. Right. That’s as historical low numbers. Right.

And so that just means, it’s really hard to find real estate. And when you do, it’s typically overpriced, unless you just kind of work your butt off, if your marketing spends much more per deal. Right. The deals are out there, but you just have to work a lot harder for them and like to find work smarter rather than harder. Right. And we all know about affordability, it’s just getting harder and harder to find affordable housing. Go back here real quick. Your median price and housing are $314,000. It was a few years ago was $214,000. Right. So prices of real estate is going through the roof and affordability is going away. So let’s talk about that. Because that’s really, I’m getting to the reason why even considered investing in this type of asset class. Right. And let’s just talk about affordable. What makes housing affordable? If you look here at the highlighted part, you know, the Federal Government typically defines housing as affordable when it consumes no more than 30% of household income. Right.

If median price housing is going into $300,000 range students going to have been told in the next four or five years can be in the four to maybe $500,000 range in Houston, which is insane. That’s not affordable for the middle class and certainly for the lower middle class. It is just they can’t afford it. Okay. So if you just look at the highlighted part as well just kind of focus on the center of the screen. So for people interested in buying a home for people that are wanting to experience the American Dream, which is most people in America, you know, we got to be honest, like manufactured home to the most affordable homeownership option available, this is a fact. This is not debatable. And so I was like, Alright, so we got to look at the problems once again. Right. Supply of housing and affordability. And I started really looking at manufactured housing and depth reading, researching, and expanding my knowledge base, which you should do with any investment opportunity that you’re looking at consider. And I just begin to find a lot of reaffirming data information. Also on the investment side of things. Right.

There are a lot of institutional buyers. There are a lot of funds moving into the mobile home park space, and developing mobile home subdivisions. That was very intriguing to me seeing a lot of these, these funds that had traditionally and are actively invested in multi-family. Now, viewing the mobile home parks. Right. So that was reassuring to me. But the next slide here was the biggest eye-opener for me by far. Right. And so everyone knows on, gentlemen, to the left, Warren Buffett. Warren Buffett obviously is sort of the greatest investor probably of all time. And, you may not know this, you may or may not know this but Warren Buffett of Berkshire Hathaway is the biggest investor in Clayton Homes. Okay. So Clayton Homes is the largest manufacturer of manufactured homes, okay. It’s also the largest shareholder with the terminal. He’s also the largest shareholder with 21st mortgage.

So 21st mortgage is the largest financier of manufactured homes, right, and mobile home owners. And so whilst he’s heavily invested in this space, he must have confidence and you know, the home buyers themselves, or he wouldn’t be, you know, manufacturing their homes and giving them loans. So that was a huge eye opener. To me. The biggest one was the gentleman on the right. Sam Zell. So a lot of people don’t know, Sam, no, Sam, Zell Hurst, and Zillow in case you haven’t. He is essentially the greatest real estate investor of all time. He’s the goat the greatest of all time, in the world of real estate. He’s basically the Tom Brady, okay, he has, he’s done it all. He’s done it all big. And he’s done it all, incredibly successfully. So the story that I heard, and I read it in his book, is great book. And he talks about this, it’s not a book on mobile homes or anything, it’s just kind of a blurb in there. And he’s talking about, you know, a transaction that took place.

So how he fell into the mobile home park space was his company, was acquiring another company. I think it was like a 50 or $60 million dollar acquisition of a company. The company that we’re buying one of their holdings happened to be a mobile home park. And so when he did, he called one of his guys and he said, Hey, I need you to go out to this mobile home park, check it out, and figure out what we need to do to get rid of it. Get it off the books, right, because obviously, we don’t want to own a mobile home park and this is going back to the 1980s. So this guy went out to look at the park got all their financials dug through, it came back. He said, Sam, you’re not gonna believe this. And Sam’s like What’s worse than we thought? He said, No, he’s like, I can’t believe it. This thing’s an ATM machine.

It’s print and cash. I’ve never seen a business model like it in terms of low operating expenses, high cash flow, low risk. And if you study Sam Zell read about Sam Zell, listen to podcasts, YouTube, whatever interviews, you’ll you’ll quickly understand his investment philosophy, which is the same as mine, which is low risk, high reward, low risk, high reward. Very, very simple, right. And that’s what he’s executed over decades. And he’s been successful with it. Here’s what really grabbed my attention. So over the years, Sam Zell has been like essentially the largest holder of commercial real estate, multifamily. You know, small commercial, big commercial, new skyscrapers down to strip centers, you name it, a storage, all this all these different asset classes. He’s done it, he’s done it big. Okay. However, over the years, he has sold off approximately half of all of his other holdings, okay.

Of every other asset class. However, after that one lot, that first mobile home park in the 1980s they’ve continued buying them to today they own over 150 160,000 Lots I believe don’t fit into 144 I heard it’s an A 150 to 160,000 mobile home lots at RV sidewalks across the country. And he’s never sold a single part. He Ever Sold a single part? When I heard that I like that is the most, that’s the biggest, you know, reassurance stamp of approval, you know, that validation that anybody could ever have about an investment. So I was like, You know what, I’m just gonna do this, I’m gonna go all in, and I did what I do, and I just kind of go all in. So, you know, one of the reasons to it resonated with me so much was, you know, my kind of my focus my heart, my, you know, business focus is working with affordable housing, right? So very sustainable business model.

So this was just obviously, when you look at the Mount manufactured housing, data, this is who we’re serving, right? These people in, you know, in the $20,000 range, how you can afford a house and that you’re not unless it’s manufactured up and even to the $75,000 range, and some even have more income than that. But that really resonated with me, right? And then you see, then you get into this, right, the negative perceptions like we all really you know, you have them people have been in the trailer park, kind of people trailer, Park, trash, whatever, I lived in a trailer park for a while, you know, so now I’ve got friends and family and mobile imports. But this is kind of more of a reality. And this is this is one of our parks, we did a picnic and things like that, and just kind of good, wholesome, good everyday folks, just honest, hardworking Americans, right? That’s more of the reality. I’ve not experienced much of this. All right, a little bit. But we cleaned it up. We do cultural changes, we do redevelopments, turnarounds and things like that. And then when you also look at, like, kind of the break the stigma, if you will, there’s been numerous studies of research that’s been done.

And you know, polling people talking to people who lived in apartments and mobile homes. And people are vastly happier living in a mobile home park community, as opposed to into an apartment, why is that? Right? They got their own parking space, they’re not sharing walls and ceilings, they got their own green space, they got their own privacy, you know, they’re not sharing Well, it’s not sharing Park and all that kind of stuff. And they get that sense of pride of ownership, right. And so there’s, it’s the data is overwhelming, like people prefer to live in a mobile home. So not as, not only is the product better, and more desirable, by you know, our customer, but it’s cheaper, it’s very hard to find a business opportunity, you know, where that you are solution, you can provide your clients if something’s better and cheaper, right, it’s easy to provide some of those better, which is more expensive. So it’s better and cheaper cervix competitor, which is apartments, right, single family rental homes, not even comparable price wise to manufactured homes.

So the question I have for you, as I get into a few more specific examples is, you know, what’s going to be different 10 years from now in real estate, okay, and I kind of borrowed this from Bezos, just not the real estate part of the business. But what’s gonna be different 10 years from now, in real estate? It’s kind of a bad question. A better question, you know, perhaps would be what’s going to be the same 10 years from now, right? Like, who knows what’s gonna be different, like Oregon may maybe live in like the Jetsons. But what’s going to be the same 10 years from now is, there’s still going to be a lower, you know, income and a lower class, and this lower class and even be, you know, lower middle class, they’re going to want homeownership, they’re going to want a sense of community, and they’re gonna want a clean and safe place to live and raise their families, right? We know that’s going to be true 10 2050 years from now, right? And so if we can just focus on concrete data, things that we know, instead of all this, kind of like, Bitcoin speculation, and all this kind of stuff, but gonna get the Bitcoin kind of stuff, it just there’s a lot of things that we don’t know about the future. But the things that we do know, and that’s why I saw a solution to a problem that’s going to be here in the future.

Okay, so the question, you know, that you need to ask yourself, you’re watching this and thinking like, Hey, this is a little bit intriguing. I’m thinking about getting into this as I go into these additional slides, really questioning to ask yourself, as, you know, is manufactured housing a viable solution to the affordable housing supply problem? I would even say it’s housing and supply prices, really? So is this a solution to it? In then, you know, second part of that is, is manufactured housing investment opportunity that makes sense for you? Does it make sense for everybody, right? I’ve got a few different agents and wholesalers that I work with, and they send me every single mobile home deals that they get no, I’m not, it’s not for them. And a couple of these are, you know, investor agents or agents who are doing deals and they’re just like, I’m just not their brand sucks for me.

You know, they kick it to me, I give them assignment fee or let them do what’s thing, whatever it may be, and stuff for everybody. That’s okay. You know, it’s just not. But like I said, the greatest entrepreneurs do solve the biggest problems, right? And that’s where I’m at on this is it’s a big problem. And we have a solution, right? And the solution is the affordable American dream, right? Because the American Dream is homeownership, that brick home, three bedroom, two bath in the suburbs, it’s costing four or $500,000. Now, it’s insane. It’s just insane. And so it’s not affordable. And that’s what that’s what I’m providing here, you know, manufactured housing, at least in the way that I’m, you know, working the model, you know, it is giving access to the American dream for many, many Americans. So let’s talk about, let’s talk about some affordable housing options. And you’re gonna see two on there that I’ve kind of already begin to eliminate, you know, we’re not going to be talking about apartments and single family homes as being affordable. Or apartments affordable.

Yes, you know, for the most part, but I will tell you that I believe a two bedroom apartment in the greater Houston area is 1100 to $1,200. Now on average, okay, 11 to $1,200. The average lot rent for a mobile home in America is around $300. Okay, in 80% of residents in mobile home parks, own their homes on their manufactured home, free and clear. So their housing costs per month is 300. For them to downsize, most likely they have a three bedroom mobile home to downsize and go into a two bedroom apartment could cost him eight or $900. Right. So apartments are really getting on the verge of whether or not we’re going to classify them as affordable Summer Of course, absolutely not. A lot of the class a property is not affordable for your lower lower middle class. Single family homes. Forget about it. Okay. So what we’re going to talk about today is mobile home parks, affordable housing communities we like to call them are basically Manufactured Housing Communities, and manufactured homes on land. So let me give you a quick overview of these items.

I’m gonna do my best to get done on time. So let’s talk briefly about mobile home park investing 101. So I guess I’m gonna be very comprehensive, just can’t go into in depth. But mobile home park investing 101 is we own the land, right? That’s the park. That’s the parks land. They own the home. What do we provide, we provide the main infrastructure, right utilities, roads, lighting, signage, you know, for the most part, one of my park managers, he’s like, say we take care of everything from the ground and demonstrate everything above the ground, it’s on there, meaning, you know, our plumbing is stubbed out. So the home goes into the home and that plumbing and comes up on the ground, everything else above that plumbing because it’s their home is theirs to fix, right roof leak, a plumbing leak, all that kind of stuff is there. So if that happens below the ground, obviously that’s us. Same thing with electrical so that’s what we do. We provide the infrastructure, the common area maintenance may remotely yards, if there’s a park or swing sets and things like that, we take care of that trash dumpsters.

And number five, last but certainly not least, we do enforce community rules and roles, we help create community. And this was the biggest thing I saw, honestly, probably thought the least about it. I was like analyzing, you know, mobile home park deals just based on the numbers and cash flow and ROI and leverage and things like that. But really got into this, I said, You know what, we’ve got some people who are not a cultural fit with what we’re trying to do here, they’re not is not going to work with these types of residents here. So we had to, you know, every time we acquire a park, we’ve got to get certain bad apples out. We got to build that community, we got to provide clean, safe functional housing, right and turn it around kind of like you see, you know, Apple with apartments and even small subdivisions to a certain extent. So that’s what we do. Right and that’s kind of the the very kind of surface overview of mobile home parks. Right.

And that’s what we do we provide these items and exchange for lot rent. Okay. So why would you consider a mobile home park? Well, there’s limited supply right now. They are it’s actually diminishing supply. They’re, you know, shutting down or selling, you know, mobile home parks are being sold for redevelopment of land, things like that. And they’re only building 10 to 20 new parks a year, but they’re, you know, closing over 170 here. So when you look at other asset classes, apartment stores, things like that it’s an increasing number of supply. This is a decreasing number of supplies. So that’s huge. There’s less competition in the space, obviously demand for affordable housing. We all like cash flow. We have long term we’re tenants for study that mobile home, Park residents stay on average of 14 years. I don’t know that’s true. But a lot of my residents have been in these parks for a long, long time. And they’re not talking about going anywhere.

They’ve hired flexion rights and apartments, drastically lower eviction rates. It’s easier to scale than single family homes, right, upscaled single family, this is much easier, less maintenance and operating expenses and other asset classes. And it’s harder to finance. So you may say, oh, rent, well, that’s not a good thing. What is the first a competition right? So those are the overviews of mobile home parks. talk real briefly about mobile homes on land. Guys, you’re flipping a mobile home, basically, you buy a home and land together, and you like a mobile home on land, you fix it up and sell it. Or number two, you buy mobile home and you buy land and move on mobile home there and fix it up as real property. You know, this is a case study of one that we did just a few months ago on closed only made $80,000 Flipping this mobile home on land. That was three acres. I have found that you know, most law mobile home on land deals, they’re usually one to three acres, not always, but typically they are.

And this snapshot and these are we we do a lot of these deals outside of the surrounding Houston area. The comps that you see highlighted in red, those are all mobile homes on land. Okay, my friends, if you look at those price points, they’re in the 200,000. These are only pulled for 200,000. And because one of my actually, potential investors didn’t believe me, when I was coughing, some homes, he’s like, Oh, they’re not they can’t be sold for that much. I’m like, yeah, they are. Here you go. It’s kind of eye opening. And then last, I’ll talk about manufactured home subdivisions. I know if you’re just getting started as an investor, you may be thinking, like going to develop a subdivision but I know there’s more expensive people on here and get guys, you know, you know, our thoughts can become things right. So I had no idea I’d be developing manufactured home subdivisions a few years ago, and here I go, I’ve got multiple divisions, subdivisions in the works right now.

Basically, it’s just like a, you know, a stick built home subdivision. But you know, rather than putting stick built homes or putting, you’re putting manufactured homes, these are HOA enforced communities. There’s one property that we bought 100 acres to develop into a subdivision, we’re actually flipping this land. So we got a great offer on it. We’ve got another property, we just bought 92 acres. And we also this is a picture of a home I forgot about the guys, these are not your your grandfather’s mobile homes. These homes are really, really nice. They’re manufactured, you know, there are some really good products up into the manufacturing facilities. They’re putting out incredible products. And this is another example of a deal. It’s kind of landed in my lap a little over a year ago guys, this was from a wholesaler. And it was a partially developed subdivision wasn’t done, we bought it dirt cheap. The funny thing was this was a wholesaler was putting this deal out for a few months getting bites, I saw one of actually one of my students or agents send it to me. And I’m like, This is an incredible deal.

All the units are the lands already cut up most of the roads there, we just need to drop some mobile homes on it. So we’ve been doing that, you know, and if you see here, we’re going to be in the state for about 3.5 million with total sales in the six, you know, six, mid 6 million range, if not a little bit more. This is just a phenomenal deal. They’re out there guys. You may be passing on some opportunities even think about but um, you know, I’m gonna I’m again wrapping this up, but this is, this is a sign at one of our parks, we have a similar sign that we put, you know, at our, all of our properties, and we really reinforced this like why keep renting, right? Let’s think about that, like renting, ultimately, you know, helps the landlord the most and I’ve got rentals, I keep rentals, it’s part of my you know, one of my buckets of wealth creation and, and passive, passive cash flow.

But guys, I have never seen anything more passive than the owner finance model, and the mobile home park model and that’s why that’s why I love it 100 100% in love with this business model. And once again, I’m gonna go back to Buffett you know, show me your moat. So Warren Buffett if you’ve heard Buffett talk enough he talks about having a moat protecting your Sell fraud against risks and adversity in the market. Well, this is the mobile home park investment though, right, we’ve got lower cost per unit, lower costs for repairs and maintenance, we’re able to spread out our risk, right, you’ve got, you know, one single family home versus one park with one, you know, 2050 100 people paying rent, you’re spreading out your risks.

Demand is incredibly high for affordable housing, much less tenant turnover. We’ve got Mom and Pop owners. And basically what that means is we can negotiate some really cheap deals because they’ve got deferred maintenance, they haven’t raised the rents, all those types of things. So it means opportunity for us as buyers, much less competition. Unlike my single family world here in Houston, there’s decreasing supply instead of increasing supply. incredibly low rents, they, you know, they have not risen, risen with inflation, if you adjusted lot rents with inflation. WateReuse should be in the six to seven, or probably, I’d say in the $600 range, average nationally during the $300 range. What does that mean? Huge opportunity to upside and double, triple the value of our parks as we increase these rents. Life’s Better, I mean, life’s better when you’re working with owners, like let’s just not sugarcoat it, our dealings with tenants, our property manager and dealing with tenant residents, as opposed to owner finance residents, night and day difference number one communication is like 1%, that was owner for owners, and 99% with tenants.

And it’s just a different mindset that you have with an owner rather than a renter. So guys, that is my, that’s my presentation. I hope you got a lot from this, check me out on you know, on Facebook, I’m on YouTube, got a lot of videos, I do like entire walkthroughs of some parts and communities that we bought, be sure to check that out. All kinds of content out there. That is how you get in touch with me if you want to. And I appreciate the opportunity, Jamie and Chris to come on. And I hope you know some some of the attendees got something from that a certain amount of talking about it. So thanks for having me

Chris Bounds  32:06

on. Awesome. Thanks so much, Brent. You know, I’ve watched you venture into this space several years ago. And I remember you did you did a similar presentation, when you were just starting in that space several years ago at a local event. So a lot of people don’t know, invested agents came out of a local event COVID Shut that down. So here we are bigger and better online. But in any case, so yeah, you were live and in person, it was like, Wow, that really makes sense. And you’re an MC I’ve seen you evolve in that and probably do much bigger things in this space than you even thought of originally. So it’s definitely

Brant Phillips  32:44

I was kind of just, you know, I’m, I’m a very type a entrepreneur, you know, and I throw a lot of things against the wall. And most of them don’t say, you know that I did this. And then when I came to speak into them, like, Hey, I’m just the one that’s against the wall. And let’s see if it sticks. I think it will but I’ve been wrong. Yeah.

Chris Bounds  33:04

You said that same thing, too. I do remember. But clearly, it’s stuck. There’s a lot of Texas love in the comments, too. So you know, since we’re from Texas and mobile home parks are actually pretty mobile homes in general are pretty popular in Texas. So you might find some business in the crowd.

Brant Phillips  33:26

Yeah, hey guys, me parks we’ve had we’ve, we’ve had parks come to us from from agents from wholesalers, and just rappers joke, regular people, right? So we’re definitely looking for deals love to, you know, help help you guys do what I can. And I’d absolutely love to help if we can collaborate on deals and those to me, we’re under supposed to be going under contract on the new part in Oklahoma right now. In that lead was sent me from a guy from Missouri. And so we’re working on that deal as we speak. I love collaboration,

Chris Bounds  34:01

right. All right. Thank you so much Bran so everyone give it up for Brant. Um He’s a super busy guy. And we we always love him when we can bring him on because he has just a wealth of experience in real estate investing in general, both single family and now mobile home workspace raising private money and all that stuff. So that was good, really exciting.

Jamie Bounds  34:28

Yeah, great stuff.

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