Today's episode is from Mobile Home Park #55 that originally aired on March 25, 2017.
Charles and Kevin will discuss mistake number 10 from our popular eBook, “The 21 Biggest Mistakes Investors Make When purchasing their First Mobile Home Park…and how to avoid them.”
We have all heard the phrase, “Use the seller’s numbers” time and time again. This works great when you notice a seller is paying twice as much as they should for management or when your seller is paying for a utility you plan to pass through. However, this can quickly go awry when talking about repairs and maintenance, especially when the numbers are understated.
Recommended Resources:
Matt Buchalski began investing in real estate back in 2016, owning a portfolio of multi-family and storage assets across Texas. He is the co-founder of Take Flyte Properties, Take Flyte Capital, and Deep Blue Capital, and has extensive experience under writing and optimizing under performing assets. Additionally, Matt has built and scaled multiple sales organizations from the ground up, with deep expertise in financial services and software verticals.
Connect with Matt: https://deepbluere.com/, https://www.linkedin.com/in/matthewbuchalski
Highlights:
3:41 - Matt's Evolution/Over Coming Concerns
8:52 - All About Section 8
17:08 - Actively Buying/Current Buying Assets
22:09 - Developing Relationships & Capitalizing
27:15 - Inflation & The Impact
Quote: "I believe that, giving folks that have been less fortunate than I have been in life, a very clean, safe place to live - has fueled my fire."
Recommended Resources:
Today's Flash Back Friday episode is from #516 that originally aired on Nov. 21,2021.
Kyle Stephonson is the president and owner of KRS Holdings, a real estate investment and property management firm that manages more than 4000 units across the commonwealth of Virginia.
Kyle’s primary focus on the investment side of his business has always been to generate cash flow with a secondary focus on long-term appreciation. His investment philosophy is to hold a real estate investment through at least one economic cycle.
Quote: "I wasn’t confident in my ability to manage properties for others until I started dealing with what I’ll call the trainwrecks."
Highlights:
08:25: Replacing W2 income with real estate investments
10:40: How third party management helped Kyle weather the last recession
15:35: The art of dealing with challenging assets
18:50: Kyle’s big tennant red flag
21:20: Holding assets through one economic cycle
23:50: Shifts in the Virginia market with recent market changes
27:30: Finding investment opportunities in strategic ways
Guest Website: https://www.krsholdings.com/
Recommended Resources:
Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
Today's episode is from Mobile Home Park #71 that originally aired on Jun. 6, 2017.
Steve Tomaso, an industry expert who specializes in the brokerage and management of RV and Mobile Home Parks. Steve loves RV parks and so we dig deep into why he prefers the RV park business model over the typical mobile home park that we know and love.
Recommended Resources:
Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
Brent Bowers specializes in the investment of raw tracts of vacant land. We had Brent on the show about a year and a half ago and so I’m excited to get caught up with him to see what has changed in his business. As a former Army Officer with over 8 years of service. Brent was spending a great deal of time away from his family, & he knew he needed to make some changes in order to be more present with his wife and children. Once he was back in the States, Brent quickly expanded his land business, hired at a lender team, and (most importantly) bought back time with his family.
Connect with Brent Bowers: https://www.thelandsharks.com/, https://www.linkedin.com/in/brent1
Highlights:
3:40 - Why Bret Loves Vacant Raw Land
6:12 - Turn Raw Land into Cash Flow
11:20 - Finding Great Deals (the full process)
19:20 - Tactics (the bread & butter)
41:26 - Recourses
Quote: "I'm doing the snowball effect by investing money made from buying raw land and it really turns into something beautiful."
Recommended Resources:
Accredited Investors, you’re invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!
If you’re a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.
Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.
Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.
Today's Flash Back Friday episode is from #261 that originally aired on Jan. 28, 2020.
Jim is Senior VP & Principal of Acquisitions for Bascom Group and is responsible for analysis, due diligence, equity and debt financing, and transaction execution functions for the acquisition of new assets, as well as the management and disposition of existing assets. As a member of the acquisition team he has been directly involved in the acquisition of 35 multifamily properties located in California, Colorado, Nevada, and Texas totaling 7,751 units and $1.2 billion in project cost.
What You’ll Learn:
Recommended Resources:
Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
Today's episode is from Mobile Home Park #41 what originally aired on Dec. 27, 2016.
Charles and I will interview new Mobile Home Park investor, Dan Gibson, to discuss his involvement in this business as well as his trials and tribulations. We’ll cover details on his very first acquisition as well as a current 150+ space park he has under contract. Dan’s story is as real as they come and will prove that as long as you possess a strong will power and a desire to be successful, that anyone can find HUGE success (and returns) in this business.
Recommended Resources:
Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
Kent Ritter is the CEO of Hudson Investing, a real estate firm that focuses on value-add multi-family investments. In a prior life, Kent was a management consultant, start-up owner, and corporate executive who then turned full-time multi-family investor who saw a clear path of building freedom and wealth through real estate. He is also the host of Ritter on Real Estate, a real estate syndication podcast with weekly guests discussing the ins and outs of multi-family investing.
Connect with Kent: https://hudsoninvesting.com/
Highlights:
1:40 - Kent's Investment Start / Life - Work Balance
8:36 - Crowd Funding / Due Diligence
12:36 - Managing 55+ Communities
23:44 - Diversify with New Development
28:18 - Challenges to Learn From
Quote: "Success leaves clues."
Recommended Resources:
Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
Today's Flash Back Friday episode is from #696 that originally aired on Jan. 22, 2024.
Travis King specializes in the investment of raw tracts of vacant land and has transacted hundreds of deals since launching his business in 2014. Together, he and his wife Becca and I have personally completed hundreds of land flips and along the way have helped educate hundreds of others on how to successfully build a profitable land flipping business.
Quote: "Put a donut on the city and anything within an hour of the city is commutable."
Highlights:
7:50 - Subdividing vs. Flipping Properties
16:40 - Top-notch Subdividing Models
22:50 - The Beauty of it
29:00 - Travis' "Due Diligence Check List"
34:40 - Closing Thoughts/Advise
☑️ Connect with Travis: travisking.com
Recommended Resources:
Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
Today's episode is from Mobile Home Park #20 that originally aired on Aug. 16, 2016.
Charles demystifies the incredible important process of defining your investment criteria. He’ll share his opinions on the various park types, why you should think twice about buying a small park, and how you can best determine what your own personal investment criteria should be when it comes to buying the “ideal park”.
Recommended Resources:
Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
Ryan is the CEO of Sage Investment group, a boutique real estate firm that focuses on addressing the affordable housing shortage in this country by converting functionally obsolescent hotels into modern residential apartment homes. Ryan will dives deep into the process of acquiring and converting hotels, including the challenges and lessons he has learned along the way. Additionally, we’ll go into detail on the importance of thorough due diligence, construction budgeting, and engaging with local municipalities.
Connect with Ryan: https://sageinvestment.com/, [email protected]
Highlights:
2:00 - Ryan's Journey / Experience
5:00 - When/Why Is A Hotel Up For Grabs
9:26 - Three Things To Look At When Buying A Hotel Property
19:07 - Main Demographic / Amenities / Costs
22:56 - Loans / Lenders
Quote: "We're in the strategy to take distressed hotels and convert them into vibrant communities."
Recommended Resources:
Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
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