208: Buying 41 Units on Your First Deal + Mobile Home Park Investing with Jack Baczek | Bigger Pockets Podcast
Most people begin their real estate investing with a small single family purchase. Some even start with a duplex or triplex. But today’s guest on the BiggerPockets Podcast skipped the intro phase and jumped right into a 41-unit property early in his 20s! Today, you’ll learn how Jack Baczek used a strategy not before mentioned on the podcast to invest in 41 units, as well as his transition to mobile home park investing (and why that niche ROCKS). Jack’s story is truly inspirational, and you’ll walk away from this interview inspired, entertained, and pumped up to take massive action on your own business!
In This Episode We Cover:
How Jack got started with real estate
How he stumbled upon what ended up his first deal at age 21
What exactly a fractured condo is
How he found his first deal of 21 units
How he financed this huge deal
A warning against hiring the wrong property manager
How having parents who invest in real estate affected him
Why he sold the 41-unit property
Why he made the shift to mobile home parks
What a mobile home park deal looks like
Reasons to invest in mobile home parks
The changes he made to the park to make it rent-ready
Why there’s a bad stigma on mobile parks
Why Jack fell in love with direct mail marketing
The downsides of owning a mobile home park
Where is he now in terms of scaling his business
What an assignment fee is
Tips for trying to read the market
What the next five years look like for Jack
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Webinar
BiggerPockets Podcast
BiggerPockets Keyword Alerts
BP Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly
BP Podcast 195: Partners, College Town Rentals, & Mobile Home Parks with Rudy Curtler
BP Podcast 075: Mobile Home Investing and Getting Started With John Fedro 9
Loopnet
CraigsList
Dreamwork Trolls: Sing With Us
Books Mentioned in this Show
Emerging Real Estate Markets by David Lindahl
30 Days of Successful Due Diligence on Mobile Home Parks by Frank Rolfe & Dave Reynolds
The Intelligent Investor by Benjamin Graham
Tweetable Topics:
“I think having a good market is really important.” (Tweet This!)
“I think it’s important to really focus on good deals with value add and upside.” (Tweet This!)
“If you get a mediocre deal, chances are it could go sour. I’d rather try and find something that looks really promising.” (Tweet This!)
Connect with Jack
Jack’s BiggerPockets Profile
Jack’s Website
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