When most investors hear the words “mobile home park,” they turn and run the other way. But not today’s guest, who’s found incredible success buying (and repositioning) mobile home parks.
You’ll learn how Kevin Bupp got his real estate started with single family homes (eventually owning hundreds) and how that led to major problems in the last real estate crash.
You’ll also find out how he’s making sure the next crash is different. Discover the incredible power of mobile home parks in generating huge returns in this less-popular real estate niche by learning Kevin’s story. If you are looking to generate huge amounts of cash flow, this is an episode you can’t afford to miss!
In This Episode We Cover:The difference between trailer parks and mobile home parksHow Kevin got startedWhy to not choose single family homesHow to “stress test” your dealsHow (and why) he got into mobile home parksThe target market for this investmentSome objections to owning a mobile home parkThe average vacancy Kevin deals withTips for financing mobile home parksThe challenges of analyzing mobile home parksHow a mobile home park is valuedAdvice for adding value to parksWhat you want to consider when investing mobile home parksHow to find mobile home parksAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets FacebookBiggerPockets BooksBiggerPockets WebinarBiggerPockets Pro ReplayPodioInsightlyCommercial Real Estate Investing With Frank GallinelliCredit KarmaBreakthrough AppBooks Mentioned in this ShowSet for Life by Scott TrenchThe Book on Rental Property Investing by Brandon TurnerWhat Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank GallinelliThe Slight Edge by Jeff OlsonTweetable Topics:“There’s like a million and one ways to make money in real estate. You just have to pick one and give it some time.” (Tweet This!)“We want to be in front of the sellers when they either decide to sell or need to sell.” (Tweet This!)“Everyone goes through challenges in their business.” (Tweet This!)“Tomorrow probably will provide the answer if you don’t give up today.” (Tweet This!)Connect with KevinKevin’s BiggerPockets ProfileKevin’s Personal WebsiteKevin’s Company Website