Whether it's commercial or residential real estate that's in demand, at the end of the day, where someone goes home will always still be the most important for most people. In trying times such as what this pandemic has created, what asset class gives the most sympathy to the average Joe of today in America? In this episode of Wealth Science Podcast, Jeff Cook talks about why he wanted to stay away from residential real estate, the situation of housing in America, how he runs work culture as the CEO of Cook Properties NY, why he takes immense pride in mobile home parks as an asset class, and so much more.

Find out how an investor defines value in this episode of Wealth Science with guest Jeff Cook!

This Asset Class is Different: Mobile Home Parks

Success in real estate can be found in many asset classes. How you define success is also a dynamic factor that differs from investor to investor. But in the perspective of Jeff Cook, why mobile home parks? Of course, investors want money. And sure enough, there's a lot of potential for investors who get into mobile home parks. But aside from the financial aspect, investing in mobile home parks also means investing in what truly matters to most people today in America.

Whether people believe affordable housing in America is entering a crisis or not, mobile home parks continue to address the issue as the statistics progress. With COVID and businesses facing numerous challenges, people will only find more practical ways to live. Where mobile home parks come into frame shows their genuine value to society. For Jeff, this is why up to this very day, he still takes it personally when a tenant is not completely happy with their unit. It will always be important to someone's life.

Listen to where Jeff plans to take Cook Properties NY in the coming years in this episode of Wealth Science!

About Jeff Cook:

Jeff Cook lives and breathes commercial real estate and can usually be found at the office. Jeff finds great fulfillment in the transformation of poorly performing properties, resulting in a very attractive product. Jeff graduated with high honors from Binghamton University with a Master's Degree in Public Administration.

He started his career as a project manager for a market research company. He began purchasing multifamily properties in the City of Rochester in 1997. He purchased his first mobile home park in 2009.

Outline of the Episode:

[03:07] What drew Jeff into mobile home parks?

[04:33] The difference between mobile home parks and city apartments

[07:50] Is it public or private utilities?

[12:01] Mobile home parks and the affordable housing crisis in America

[15:59] New York is difficult, but we'll be more used to it…

[21:11] Someone needs to provide these affordable housing in NY

[26:26] How does Cook Properties NY build its team?

[31:58] Cook Properties and mobile home parks in the year 2020

[37:59] Why people love The Garbage Plate

[40:11] What is the perfect life for an investor?

Resources:

Cook Properties NY | Website

Jeff Cook on LinkedIn

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