
The Broke Millionaires
E57: He Owns 200 Mobile Home Park Lots. Here's What It Actually Pays. | Robert Howell
Robert Howell owns 23 mobile home parks and over 200 lots. People assume he's rich. He says the checks are nowhere near what you'd think. Robert breaks down what mobile home park investing really pays, how he buys parks with seller financing, and the tax bill that sent him right back into buying mode. In this episode: - Why 200+ lots doesn't mean a fat bank account yet, and when the money actually shows up - How Robert bought a 110-lot park for $500K with 30-year seller financing and no payments for a year - The simple math he uses to value a park: price per pad, a 35–40% expense ratio, and whether the net covers the mortgage - Why mobile home parks can carry some of the highest accelerated depreciation in real estate - How two park purchases were projected to cut his tax bill by roughly $130K–$140K - The zoning trap that can take a park down the road to zero - What Hurricane Helene cost him in tree work, and why FEMA helps tenants but not landlords - Why he says manufactured homes can beat stick-built houses on quality - How his teenage sons own a mobile home on seller finance terms and learned about CapEx the hard way Resources & links: The Early Birds: podcast and social platform for young entrepreneurs, run by Robert's sons - IG ➡︎ @earlybirdsgroup - IG ➡︎ @bobbyquatro - Brad Jordan on TikTok (manufactured housing content mentioned in the episode) CONNECT WITH THE BROKE MILLIONAIRES! IG ➡︎ @thebrokemillionaires_ Tik Tok ➡︎ @thebrokemillionaires ➡︎Skool Community: Free to Join Newsletter: Subscribe Subscribe and Listen to The Broke Millionaires Podcast HERE: ➡︎YT: @TheBrokeMillionairesPodcast ➡︎ Apple ➡︎ Spotify Disclaimer: The content of this episode is for informational and entertainment purposes only and does not constitute financial, investment, tax, legal, or professional advice. The views expressed by the host and guests are their own. Always do your own research and consult a licensed professional before making financial decisions. The Broke Millionaires Podcast and its hosts are not responsible for any actions taken based on this content.





