Today’s guest is Franco Perez. Franco is on a mission to create affordable housing in Silicon Valley. He discovered that the Bay Area’s mobile home parks offer an abundance of underused land with great growth potential. Show summary: In this podcast episode, Franco Perez discusses his mission to create affordable housing in Silicon Valley by renovating and expanding mobile homes in mobile home parks. He explains how his company revolutionizes the construction industry by building homes on an assembly line in a controlled factory, reducing costs and increasing efficiency. Franco addresses the misconception that mobile home parks are low-quality and emphasizes the benefits of owning a mobile home as a way to build net worth. He also discusses the challenges and opportunities in navigating building restrictions and codes, as well as the need for more young people in the construction industry. -------------------------------------------------------------- Intro [00:00:00] Franco Perez's mission to create affordable housing in Silicon Valley [00:01:01] Converting old mobile homes into larger, luxury homes [00:02:08] The benefits of factory-built homes [00:11:19] Changing perception of mobile home parks [00:12:25] Challenges in building codes and regulations [00:13:34] The benefits of mobile home ownership [00:21:59] Challenges in protecting mobile home parks [00:23:11] Government protections for mobile home residents [00:24:47] -------------------------------------------------------------- Connect with Franco: Linkedin: https://www.linkedin.com/in/francotv/ Web: https://beacons.ai/franco.tv Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Franco Perez (00:00:00) - Cars originally were only affordable to the rich and wealthy, and it was only until they started building it on assembly lines that they were able to make it available for everybody. Right. And how did that happen? It's building processes. It's making making the build of these cars more effective. And that's exactly what we're doing now, is we're building these homes on an assembly line in a controlled factory and maximizing the output of the current labor that we have today. And and with that, we're able to buy material at economies of scale. We're able to really make labor way more effective. And in the in the end, we're we're making the cost, the total cost of the construction way lower than you would if it was a single site unit build home or traditionally built home. Welcome to the How to scale commercial real estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Sam Wilson (00:01:01) - Franco Perez is on a mission to create affordable housing in Silicon Valley. Sam Wilson (00:01:05) - He discovered that the Bay Area's mobile home parks offer an abundance of underused land with great growth potential. Franco, welcome to the show. Franco Perez (00:01:14) - Thanks for having me. I'm excited. Sam Wilson (00:01:16) - Absolutely. The pleasure is mine. I also am excited, frankly. There are three questions I ask every guest who comes on the show in 90s or less. Can you tell me where did you start? Where are you now and how did you get there? Franco Perez (00:01:28) - Well, first moved here from the Philippines, got into real estate because of necessity, as the only job I could have taken at the time. Didn't go through school from there. Did real estate agents work? And I hated it and really wanted to help people in the middle class and got into finding out that mobile homes do that very well. So I took it upon myself to to start a business and helping people get into mobile homes. And that's where we are now. Sam Wilson (00:01:58) - Start a business helping people get into mobile homes. So you're placing tenants essentially in mobile homes. Franco Perez (00:02:05) - We are doing that. Sam Wilson (00:02:06) - Are helping people buy mobile homes. Franco Perez (00:02:08) - Yeah. So, I mean, in the beginning it just first started with really helping people transact, so buying and selling mobile homes. And then from there, once they once we started to build up our business, we realized that a lot of these ...
