Lauren opens by asking the obvious question, as she often does: what’s a mobile home? Rachel touches on the history of mobile homes and manufactured homes. They started as a home for rich people to take with them on their vacations! Now, they’re not moved very often in their lifetimes. They’re usually set on blocks, wheels removed, and hitches removed. Rachel points out that since 1976, HUD got involved and created some standards throughout the industry. Rachel shares how she became “Mobile Home Girl.” It started with wholesaling, which is what she’s doing (again) now. Lauren asks about how Rachel handles depreciating assets, financing, and insurance. She also rents out the homes and seller finances them as well, with lease options. Lauren straight up asks: what’s different about investing in mobile homes versus other asset classes? Interestingly, you need to build rapport with the park managers! Lauren shares that both her grandmothers live in mobile homes, and asks about co-ops, and Rachel explains what those are and how they work. Why hasn’t Rachel bought a whole park? Turns out, it’s a different business! There’s not as much freedom. Rachel is kind of enough to walk through numbers on not one, but two deals: her first deal and a very recent one. Lauren and Rachel end the interview speculating about the future of manufactured housing. The hope is that they are a part of the affordability crisis, along with tiny homes.


If you liked this episode, you’ll also like episode 117 real estate as a side hustle and finding your tribe online.

About Rachel:

Rachel Hernandez is an award-winning mobile home investor with over ten years of experience. As an author and blogger, her books have hit #1 on Amazon and her blog has been featured as one of the Top 20 Real Estate Investing Blogs. Rachel is also the #1 writer for Mobile Homes on Quora. She has been featured in MHVillage, Forbes, Experian, and various real estate publications and blogs. Her podcast, Adventures in Mobile Homes, is recognized as one of 30 Asian American Podcasts to Support and was nominated for a 2020 Golden Crane Award by the Asian American Podcasters Association.

Connect with Rachel:

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Book Mentioned: Her story is in JL Collins new book Pathfinders


Connect with Lauren:

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