246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp | Bigger Pockets Podcast
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 parks
How Kevin got started
Why to not choose single family homes
How to “stress test” your deals
How (and why) he got into mobile home parks
The target market for this investment
Some objections to owning a mobile home park
The average vacancy Kevin deals with
Tips for financing mobile home parks
The challenges of analyzing mobile home parks
How a mobile home park is valued
Advice for adding value to parks
What you want to consider when investing mobile home parks
How to find mobile home parks
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Facebook
BiggerPockets Books
BiggerPockets Webinar
BiggerPockets Pro Replay
Podio
Insightly
Commercial Real Estate Investing With Frank Gallinelli
Credit Karma
Breakthrough App
Books Mentioned in this Show
Set for Life by Scott Trench
The Book on Rental Property Investing by Brandon Turner
What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli
The Slight Edge by Jeff Olson
Tweetable 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 Kevin
Kevin’s BiggerPockets Profile
Kevin’s Personal Website
Kevin’s Company Website
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