Why Mobile Home Parks Beat Multifamily: Steady Cash Flow, Tax Breaks, and Affordable Housing

Mobile home parks are quietly outperforming multifamily — and Brad Johnson, Co-founder & CIO of Vintage Capital, explains why. With $3B+ in real estate experience, Brad breaks down how this asset class combines strong yields, recession resistance, and real impact through affordable housing. He also reveals the smart tax plays and operational tips investors need to scale profitably.

In this episode, we chat about:
• How Brad went from single rentals to managing $3B+ in assets
• Why mobile home parks have higher yields and lower defaults
• The five park classes and where real opportunity lies
• Bonus depreciation and cost segregation for higher returns
• The shift from operator to allocator — and what that means for investors
• Why affordable housing investments can create both profit and purpose

Timestamps:
00:00 Intro – Why mobile home parks are outperforming
02:45 Brad’s journey from small rentals to $3B+ in assets
06:10 What makes mobile home parks recession-resistant
09:40 Understanding the five classes of mobile home parks
13:05 Tax benefits: bonus depreciation and cost segregation
16:20 How affordable housing creates both profit and purpose
19:55 Shifting from operator to allocator
24:10 Due diligence tips for first-time investors
27:50 Key takeaways and closing thoughts

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