12 | Mobile Home Park Investing Strategies with Keith Meyer

Keith Meyer is a purposeful commercial real estate operator and investor who has participated in a diverse set of investment vehicles within the industry. Keith’s family and network of investors have owned and significantly increased the worth of several large manufactured housing communities over the past 25 years. Keith leads the deal sourcing and acquisitions side of SCG, working directly with brokers and co-sponsors to acquire properties which meet his team’s distinct criteria. Keith focuses on developing win-win partnerships which are well-defined from inception, and highly productive upon implementation.

Let’s tune in to his story!

[00:01 - 03:27] Opening Segment

Welcome to the podcast!
Get to know our guest Keith Meyer
- Bio
- Keith’s early start in real estate: “It runs in our family!”

[03:28 - 14:01] Mobile Home Park Investing Strategies

How to add value to mobile home park properties in the mid-90s
- A lot different than buying and operating today
- A lot of manpower and time
A pretty similar industry
- How mobile home parks and apartment properties are alike
A piece of advice for future mobile home park investors
- Make money out of smaller parks
- Take on a mentor
- Get educated
Investing in Affordable Workforce Housing
- The Park Center
- Price, budget, charge, rent, and profit
Keith’s role at Symphony Capital
- Upfront acquisitions
- Meeting the needs of both parties
Communicating and contacting commercial property owners
- Direct communication
- The most beneficial aspect of Keith’s relationship with the owners
The Legacy Round
- “I’m building your network.”
- Understanding the pain points of investors

[14:02 - 22:39] Slice of Knowledge

Routine is Key
- 4 AM Miracle Morning
One Slice of Wisdom
- “Don't ever be afraid to ask for referrals.”
Real Estate Multifamily Vocabulary
- Leverage
- Preferred equity
- Key principal
Books and Masterminds to Try
- Shout-out to Symphony Capital Group’s Ellis Hammond
- Raising Capital for Real Estate
Final words
Connect with our guest, Keith in the links below