Mar 31, 2021
Daniel Weisfield: How To Earn Through Mobile Parks And Its Target Market
Meet Daniel Weisfield, co-founder of Three Pillar Communities with an objective to turn the "trailer park" stereotype on its head by delivering safe, reliable housing to their residents and safe, reliable returns to their investors. Daniel worked for the State Department as a baby diplomat, then realized that he wanted to hustle so he took a law degree at Yale and got his MBA. It came to a point that he wanted to be close to his family and this is what made him settle on a plan to enter the real estate world.
In this episode of Construct Your Life with Austin Linney, Daniel shares how he started Three Pillar Communities with his brother-in-law who is also the co-founder. Daniel mentioned that he came from an immigrant family and had to build wealth from real estate. Daniel also shares how they had to outsource the money to use for their first purchases and how everyone had to take a risk. As per Daniel, the best way to make money long-term in real estate is to buy great assets and hold them forever.
Listen in to learn how mobile parks contribute to the real estate world and have an idea of what type of residents they have.
“We see the world through totally different lenses” - Daniel Weisfield
“If you treat people right, you live by your values.” - Daniel Weisfield
What You Will Discover:
- [05:37] What made Daniel enter the real estate world and how they started Three Pillar Communities
- [08:04] Daniel describes his first deal in the mobile home space
- [11:22] Daniel shares how they capitalized on their first few deals and who helped them start their dream
- [14:21] Misconception about trailer parks from the general public and investors
- [18:23] Daniel explains to us what a mobile park is and the different tenants that they have
- [20:29] Daniel helps us understand what a “covered land plan” is
- [23:02] Take on the affordable housing in the United States of America
Relevant Links:
Linked in: https://www.linkedin.com/in/daniel-weisfield-33940613/
Facebook: https://www.facebook.com/daniel.weisfield
Website: https://www.threepillarcommunities.com
Email: info@threepillarcommunities.com
#podcast