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From Slumlord to Stabilized: Flipping a Mobile Home Park with Creative Finance
Get Creative with Pace Morby
55 minutes
1 month ago
From Slumlord to Stabilized: Flipping a Mobile Home Park with Creative Finance
Host Justin Tuminowski sits down with Texas investors Lance & Jessie Riggen to unpack their full creative-finance playbook on a 42-pad mobile home/RV park in Midland, TX. They found the deal on a listing site, negotiated $1.4M seller financing at 7.5% with 10% down and 18 months interest-only, then battled deferred maintenance, septic surprises, vacancies, and weak management.
Perfect for anyone learning creative finance, JV structuring, and mobile home park repositioning—with real numbers, real problems, and real solutions. If you’ve got a Sunbelt deal or want in on their “deal room,” connect with Lance on IG: https://www.instagram.com/lanceriggen/➡️ Learn the Multifamily Investing hack from Pace LIVE: https://subto.sjv.io/JKNB7E ➡️ Meet Pace on the Creative Nation Tour: https://bit.ly/GetCreativeNationTour
➡️ Get the CRM that will take you further: https://www.gohighlevel.com/pace
➡️ Use Creative Listing for FREE to buy and sell creatively: https://bit.ly/CreativeListing➡️ Join the SubTo Community: https://subto.sjv.io/RG6EDb➡️ Become a Top Tier Transaction Coordinator: https://toptiertc.pxf.io/yqmoxW➡️ Discover the Gator Method: https://gator.sjv.io/Z6qOyX ➡️ Get to the SquadUp Summit Conference: https://bit.ly/GetToSquadUpSummit
COMMUNITY MEMBERS!➡️ Get Featured on the Get Creative Podcast: https://bit.ly/GetCreativeGuestForm
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Get Creative with Pace Morby
The Get Creative Finance Podcast Streams Live Every Monday on Pace Morby’s YouTube and mini podcast episodes go live daily on all listening platforms.
