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The Mobile Home Park Investing Podcast - Real Estate Investing Niche

Updated 2 months ago

Business
Education
Investing
How To
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Welcome to thee podcast that will teach you how to successfully invest in and build steady streams of passive income from the highly lucrative niche of Mobile Home Park Investing. Veteran Real Estate Investors Kevin Bupp and Charles DeHart from the Mobile Home Park Academy will personally share with you the valuable lessons they've learned along their journey as Mobile Home Park Investors so that you too can learn how to build massive cash flow and earn and huge profits from this extremely lucrative niche. Our weekly show will be a mixture of self recorded shows where it will be just Charles and I as well as industry expert interviews. Each show will be jam packed with high quality content and none of the fluff that you'll find in other shows. Our #1 Goal is to make you a better Mobile Home Park Investor!We strongly feel that Mobile Home Parks are by far the best Real Estate Investment and offer superior returns to residential fix and flips, apartment investing, multifamily, retail or shopping centers and just about any other type of commercial real estate.If you're looking for high cash on cash returns and an investment vehicle that will outperform just about any other asset class, then Mobile Home Parks might just be for you

Read more

Welcome to thee podcast that will teach you how to successfully invest in and build steady streams of passive income from the highly lucrative niche of Mobile Home Park Investing. Veteran Real Estate Investors Kevin Bupp and Charles DeHart from the Mobile Home Park Academy will personally share with you the valuable lessons they've learned along their journey as Mobile Home Park Investors so that you too can learn how to build massive cash flow and earn and huge profits from this extremely lucrative niche. Our weekly show will be a mixture of self recorded shows where it will be just Charles and I as well as industry expert interviews. Each show will be jam packed with high quality content and none of the fluff that you'll find in other shows. Our #1 Goal is to make you a better Mobile Home Park Investor!We strongly feel that Mobile Home Parks are by far the best Real Estate Investment and offer superior returns to residential fix and flips, apartment investing, multifamily, retail or shopping centers and just about any other type of commercial real estate.If you're looking for high cash on cash returns and an investment vehicle that will outperform just about any other asset class, then Mobile Home Parks might just be for you

iTunes Ratings

913 Ratings
Average Ratings
882
10
8
5
8

Awesome!

By DVicktory - May 31 2020
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Great podcast! The information these guys give is super valuable!

owner

By Travis Latiolais - May 24 2020
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Kevin is very informative, and i really enjot his podcast. I highly reccomend.

iTunes Ratings

913 Ratings
Average Ratings
882
10
8
5
8

Awesome!

By DVicktory - May 31 2020
Read more
Great podcast! The information these guys give is super valuable!

owner

By Travis Latiolais - May 24 2020
Read more
Kevin is very informative, and i really enjot his podcast. I highly reccomend.
Cover image of The Mobile Home Park Investing Podcast - Real Estate Investing Niche

The Mobile Home Park Investing Podcast - Real Estate Investing Niche

Latest release on Jul 02, 2020

Read more

Welcome to thee podcast that will teach you how to successfully invest in and build steady streams of passive income from the highly lucrative niche of Mobile Home Park Investing. Veteran Real Estate Investors Kevin Bupp and Charles DeHart from the Mobile Home Park Academy will personally share with you the valuable lessons they've learned along their journey as Mobile Home Park Investors so that you too can learn how to build massive cash flow and earn and huge profits from this extremely lucrative niche. Our weekly show will be a mixture of self recorded shows where it will be just Charles and I as well as industry expert interviews. Each show will be jam packed with high quality content and none of the fluff that you'll find in other shows. Our #1 Goal is to make you a better Mobile Home Park Investor!We strongly feel that Mobile Home Parks are by far the best Real Estate Investment and offer superior returns to residential fix and flips, apartment investing, multifamily, retail or shopping centers and just about any other type of commercial real estate.If you're looking for high cash on cash returns and an investment vehicle that will outperform just about any other asset class, then Mobile Home Parks might just be for you

Rank #1: Ep #109: Mastering the Due Diligence Process

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Today's episode of The Mobile Home Park Investing Podcast delves into the all-important topic of due diligence. Host Kevin Bupp is joined by Jethro van Aardt, the Director of Operations at Sunrise Capital Investors, and they break down the many moving parts and processes of due diligence--from kick off to title transfer.

Due diligence is one of the most critical aspects to master when diving into the niche of mobile home park investing. It has its own unique set of nuances and to be aware of, as well as opportunities and usual skeletons in the closet to watch out for.

Quotes:

"Due diligence process, it's a pretty thorough process and a lot of sellers often get intimidated by it. They're worried that you're going to uncover something and it's going to completely throw the deal out so they get kind of secretive, which is pretty strange. It's counter-intuitive." 

"The offsite phase is critical. We need to know that we have the exact information. For example, simple things like the exact address of the property, the exact pad count, how many homes are abandoned, how many homes are resident-owned, how many homes are rented by tenants, etc etc. So it's verifying a lot of information."

"DD is really just a long checklist and it's following that checklist and obviously you start off with the most critical things and, if you can get through those critical things from the top to the bottom, then you reassess and understand do you move forward or not." 

"Sometimes these places look really nice from the outside. When you get inside, they're in really bad shape. You need to understand the quality of the resident base. If anybody is prepared to live on the floors, you know that person's not paying the rent and they're probably going to skip the town in the middle of the night."

 "Unfortunately that's one of the painful things sometimes is that you can do all that prep work and offsite, think that you've covered everything but there's still going to be skeletons and that's why the onsite is so crucial."

Discussed in this Episode:

  • 09:25 Kickoff call process and offsite due diligence
  • 19:55 Onsite due diligence and prelim investment committee phase
  • 38:13 Closing and pre-take on

  • 43:32 Software used by Sunrise Capital Investors

  • 46:54 Usual skeletons in the closet

RESOURCES:

  • View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com
  • Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com
  • Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.
  • Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy
  • Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com

Mar 26 2019

59mins

Play

Rank #2: Ep #50: Learn Exactly How This Father and Son Team Have Purchased 3 Mobile Home Parks in Just Two Short Years

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In todays show, we interview Father and Son mobile home Park investing team, Dan & Steve Warner, how they’ve built an impressive 122 space - 3 MHP portfolio in two short years. We’ll cover details on how they found the parks, how they’re handling the management and turnaround of each park, how they financed the deals, and much, much more. We’ll also discuss how they manage this business being that Steve and Dan live more than 6,000 miles apart from one another. Enjoy the show!

  • Click Here to Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them
  • Want to Learn How to Invest in The Lucrative Niche of Mobile Home Parks? Check out our Free Training that Will Teach You The Systems and Processes We Use To Find The Most Profitable Deals. Click Here to Learn More

Feb 28 2017

1hr 7mins

Play

Rank #3: Ep #3: The Step-by-Step Process of Researching & Indentifying Fundamentally Sound Markets to Buy Parks In

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Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I take you through our process for identifying strong markets to buy parks in. We’ll go in depth on what market indicators you should be looking at and add in some of the experiences we’ve had while looking at parks and the markets they are in. A link to the to best places website which we mention in the show can be found in the resources below.

Recommended Resources

  • Click Here to Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them
  • Best Places

Jun 14 2016

36mins

Play

Rank #4: Ep #51: From College Buddies to Mobile Home Park Investors - How They Bought Their First park and The Methods They're Using To Find Their Second Park

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On today’s show we are going to be sharing the stage with, George Chen and Mark Sue, both are new park investors who just purchased their first 11 space park a few weeks ago in Connecticut. Both George and Mark are avid listeners to our show and originally reached out to Charles and I looking for advice or ideas on sourcing their second mobile home park, which is how we coaxed them to come onto the show.

And so, not only will be pull back the cover on their very first park acquisition and find out all the nitty gritty details, but we’ll also actively discuss ideas on how they should be best spending their time sourcing that second deal.

  • Click Here to Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them
  • Want to Learn How to Invest in The Lucrative Niche of Mobile Home Parks? Check out our Free Training that Will Teach You The Systems and Processes We Use To Find The Most Profitable Deals. Click Here to Learn More

Mar 09 2017

1hr 10mins

Play

Rank #5: Ep #76: The Step-by-Step Process to Buying and Operating Your First Mobile Home Park

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In today’s show we’re going to go through the step-by-step process to completing that life-changing event of buying your very first mobile home park. One small to medium sized park purchased correctly at the right price can be an absolutely life changing event. Towards the end of the show today Charles and I are going to share with you a case study of a smaller park that we own that could easily replace, or even double, the average Americans yearly salary. Based on what we paid for this park it would have easily been in reach for pretty much everyone who listens to this show.

Recommended Resources

Jul 18 2017

55mins

Play

Rank #6: Ep #46: The Big Mistakes Made on His Very First Park Investment and How He's Changed His Criteria With His Latest Park Acquisitions - with William Noel

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In todays show, Charles and I interview Mobile Home Park investor, William Noel. We’ll cover in detail, William’s very first mobile home park investment, the numerous mistakes he made along the way, why he wouldn’t buy that same park again if given the chance, why he’s avoiding private utilities on new purchases, and much, much more. We cover a lot of ground in the show with William and we’re positive that you’ll find a ton of value in the show. Enjoy!

 Recommended Resources

  • Click Here to Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them

Jan 31 2017

1hr 26mins

Play

Rank #7: Ep #83: Learn How Todays Guest Bought His First Park at the Young Age of 22 and Then Went on to Start a Successful Modular Home Company – with Joel Camino

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Joel entered into the mobile home park business at the young age of 22 and encountered his fair share of challenges and struggles with this first investment, including a failing lagoon septic system, abandoned homes, unruly tenants, and the list goes on and on. But even with all these huge obstacles staring him down, he’s been able to work through each and every one of them and turn this first investment into a strong performer.  

Recommended Resources

  • Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com
  • Self Directed IRA Investment Opportunity – Click Here To Learn More About How You Can Invest With Us Through Your SDIRA
  • Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals!
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Nov 22 2017

50mins

Play

Rank #8: Ep #91: From Zero to a Seven Park Multimillion Dollar Portfolio in Just 1 Year – with Andrew Keel

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Today we interview mobile home park owner and operator, Andrew Keel.  Andrew is an active MHP investor with 475 lots currently under management. He started out as a Lonnie Dealer, selling individual mobile homes out of several parks throughout central Florida. After graduating to the mobile home park investing scene and buying his first park in June of 2017, he has quickly amassed a 7-park portfolio and plans to grow to 10 total parks before years end. Andrew's strategy involves buying from direct from small Mom and Pop owners and improving management, ultimately increasing NOI.

Click Here to Gain Access to the Newly Revamped Deal Finders Formula

Recommended Resources:

  • Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com
  • Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.
  • Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com
  • Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them www.MobileHomeParkAcademy.com

Aug 24 2018

50mins

Play

Rank #9: Ep #57: How to Avoid Purchasing a Park That Is Located in an Area That Has Little to No Demand For Affordable Housing

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Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I 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.”

There is a reason that apartment builders erect their apartments close to population centers. After all, it’s where all the people live! The same should be true for you when you look for a park to buy. We see many “great deals” on parks that are off in the boonies. But are these great deals?

You have to have demand for your product in order to run a successful business. Rural parks simply may not have the same demand as parks that are closer to town. You can fix many things in a mobile home park, but the one thing you can’t fix is your location and your demand. Our program will show you the tried and true methods of figuring out if there is enough demand for your lots.

  • Click Here to Grab a free copy of our latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them
  • Want to Learn How to Invest in The Lucrative Niche of Mobile Home Parks? Check out our Free Training that Will Teach You The Systems and Processes We Use To Find The Most Profitable Deals. Click Here to Learn More
  • Have An Interest In Partnering with a Team with a Proven Track Record in the Mobile Home Park Space? Click HERE to Learn More About Our Partnership Opportunities.

Mar 30 2017

11mins

Play

Rank #10: Ep #54: Dealing With Mobile Parks Located in a Flood Plain - Are They Worth The Risk?

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Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will discuss mistake number 9 from our popular eBook, “The 21 Biggest Mistakes Investors Make When purchasing their First Mobile Home Park…and how to avoid them.” When performing due diligence, it is important that you determine if the park lies within a floodplain. In fact, this should be one of the first steps you do.

 In today’s show Charles and I will discuss the following: How does a flood zone affect the deal? Can you even do this deal if it’s in a flood zone? Can it be financed? What will your insurance agent say? Are there scenarios where a flood plain may be OK?

 We’ll cover all of this and more in todays show. Enjoy!

  • Click Here to Grab a free copy of our latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them
  • Want to Learn How to Invest in The Lucrative Niche of Mobile Home Parks? Check out our Free Training that Will Teach You The Systems and Processes We Use To Find The Most Profitable Deals. Click Here to Learn More
  • Have An Interest In Partnering with a Team with a Proven Track Record in the Mobile Home Park Space? Click HERE to Learn More About Our Partnership Opportunities.

Mar 23 2017

13mins

Play

Rank #11: Ep #84: Valuable Insights from Industry Veteran Including the Demographic Trends That He Feels Will Fuel the Growth of Our Industry – with Ken Corbin

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In today’s show we’re going to be speaking with Manufactured Housing Industry Expert and Living Legend, Ken Corbin

Ken started his career in financing side of things working with the largest lender in manufactured housing at the time.

As an entrepreneur, he was influential in putting together the largest private placement of its type on Wall Street.  Ken brought together some of the premier retailers in the Manufactured Housing Industry with that $30 million investment.  He later became President of one of these companies.  In fact, there were MORE manufactured homes sold at Ken’s address than ANY other address ANYWHERE in The United States.   That record still stands today.

 Ken received his MBA from the University of Michigan and is a former advisory consultant to The American Graduate School of International Management.  He’s also on the board of trustees of Habitat for Humanity.  

 Today, Ken travels throughout North America and has spoken to over 2,000 organizations; including over 400 communities, retailers, manufacturers and associations in the manufactured housing industry. He’s the only 3-time recipient as “Professional Speaker of the Year” in specialty housing and is a Certified Management Consultant.

Recommended Resources

  • Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com
  • Self Directed IRA Investment Opportunity – Click Here To Learn More About How You Can Invest With Us Through Your SDIRA
  • Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals!
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Dec 06 2017

50mins

Play

Rank #12: Ep #95: Building a Life of Financial Freedom Through MHP Investing - Mike Johnson

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In this episode of the Mobile Home Park Investing Podcast, Kevin shares the mic with Mike Johnson, Owner of the blog Perpatualsaturday.com, and owner of 3 Mobile Home Parks.

Mike is passionate about helping others retire in 12 months, no matter where they are financially. Impossible? Think again: Mike landed on the asset class of Mobile Home Parks to fund his retirement.

He is now the owner of 3 Mobile Home Parks, which are made 95% passive by hiring the right managers to run them.

HIGHLIGHTS:

[7:22] What is Mike’s background? [12:50] What did Mike’s first deal look like? [17:33] Mike shares his story of fixing his first park’s septic issues [23:03] What did Mike’s 2nd & 3rd MHP deals look like? [26:20] Mike’s advice on owning rural parks [28:41] Mike’s biggest mistakes in the MHP business. [31:20] How to find the right managers to oversee your parks. [34:12] The importance of Work-Life Balance, and how Mike is able to achieve it

Recommended Resources:

Sep 25 2018

43mins

Play

Rank #13: Ep #44: Learn How This First-Time MHP Investor Landed an Incredible Deal and is Already Working on His Second Acquisition...All While Working 60+ Hour Work Weeks

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In todays show, we interview Mobile Home Park investor, Paul Stout, to discuss their very first mobile home park investment. We’ll cover details on how he found the deal, how he’s handling the transition, the unique challenges he’s encounter through this journey, how he financed the park, and much, much more. We’ll also cover how he finds the time to work a very demanding full-time job while simultaneously making massive progress and finding HUGE success as a mobile home park investor.

 Recommended Resources

  • Click Here to Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them

Jan 17 2017

1hr 14mins

Play

Rank #14: Ep #5: Case Study of a Park that is Achieving a 60%+ Cash-onCash Return and Has Doubled in Value in Just 6 Months...and the step-by-step process of how we did it.

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Welcome to the Mobile Home Park Academy pod cast. In this episode, Charles and I take you from start to finish on a deal we recently purchased in Petersburg, VA. We’ll discuss everything from how we found the deal, negotiated it, performed diligence on it, and turned it around. We hope this episode will inspire you on your journey to owning a mobile home park. As good as this deal sounds, there are many more just like it. They are just waiting for someone like you to find them!

Recommended Resources

  • Click Here to Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them

Jun 21 2016

46mins

Play

Rank #15: Ep #43: A Candid Interview with Two Novice Park Investors To Discuss Their First Value-Add MHP Acquisition

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In Todays show, we interview Mobile Home Park investors, Eric Ingvall and Adam Rourke, to discuss their very first mobile home park investment located in Webster City, Iowa. We’ll cover details on how they found the deal, how they are handling the repositioning, the unique challenges they’ve encounter through their journey, how they financed the park, and much, much more. We’ll also cover how they find the time to work full-time jobs and manage full-time families while simultaneously making massive progress and finding HUGE success as a mobile home park investor.

Recommended Resources:

  • Click Here to Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them

Jan 10 2017

1hr 17mins

Play

Rank #16: Ep #78: Learn How These New Park Investors Went From Zero to 600+ Lots in Just Under 1 Year – with Ian Tudor and Ryan Narus

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In this episode we’re going to be sharing the stage with two mobile home park investors who are fairly new to the business being that they bought their first park less than 1 year ago but who are absolutely crushing it and have acquired 3 parks to date totaling 652 lots. These two rockstars go by the name Ryan Narus and Ian Tudor and are based out of Charlotte, NC.

Today we’re going to dig deep into their business and learn how they went from struggling new investors to owning a portfolio worth in excess of $13 million in just a few short years.

Recommended Resources

Aug 22 2017

1hr 1min

Play

Rank #17: Ep #106: Winning the Mobile Home Park & Self Storage Game -- with Matt Ricciardella

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In this episode of The Mobile Home Park Investing Podcast, Kevin Bupp hops on a call with real estate expert Matt Ricciardella, managing member of Crystal View Capital, a private investment firm with a focus on value add real estate.

Since its inception in 2014, the firm has raised almost $17 million of equity capital and has approximately $60 million in assets under management with a specialized focus on manufactured housing and self-storage asset classes.

Matt also goes into fine detail about recent successful projects and how his company manages all the different asset classes they handle from across the US.

Quotes:

"In my hunt for finding deals that would yield the best cash flow, I kinda came across mobile home parks and self-storage as the key assets that I wanted to focus on since those properties yielded the highest free cash flow out of all commercial real estate classes that I came across and underwrote."


"These opportunities are available to all of us. You've got to dig--especially now you've got to dig even harder--and then you've got to have the wherewithal to recognize that there is that untapped, hidden value."

"Once you've added value and you've maximized that value, it's time to look to exit."

"Through the years, we've been kicked down the street and that's the only way I think we've learned and we've learned from our mistakes and as a result we've implemented some of these strategies that has made us successful managers of mobile home communities."

"The best thing I can tell you is to take action. Go out there, make it happen, start looking at opportunities, get educated."

Discussed in this Episode:

  • Cold calling and working with brokers
  • Discussion on Matt’s deals and opportunities

  • How to handle rent increase pushbacks and exiting deals

  • Pros & Cons of park-owned homes and private utilities
  • Management infrastructure of Crystal View Capital

RESOURCES:

Mar 05 2019

38mins

Play

Rank #18: Ep #37: The 7 Most Important Questions to Qualify a Mobile Home Park Investment

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Today we will cover the 7 most important questions that you need to be asking when qualifying a potential mobile home park investment. These are the same questions that we use in our very own business and so we know they work. These questions will help you quickly determine whether the park you’re looking at is a deal or a dud. Time is money in this business and we want to ensure that you’re spending your time wisely. Enjoy!

Recommended Resources

  • Click Here to Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them

Nov 29 2016

48mins

Play

Rank #19: Ep #41: Interview With a New MHP Investor To Discuss His Story and How He Has Found Success in This Business

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In Todays show, 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

  • Click Here to Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them

Dec 27 2016

1hr 2mins

Play

Rank #20: Ep #107: Manufactured Housing Lending Explained -- with Jerry Muir

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In this episode of The Mobile Home Park Investing Podcast, Kevin Bupp speaks with manufactured housing finance expert Jerry Muir. He is Managing Director at Greystone working with the Agency Lending Team with a primary focus on building out and expanding their manufactured housing lending platform.


Jerry is a 25 year veteran of Fannie Mae and, during his time as Director of Multifamily Credit underwriting Fannie Mae, was responsible for a 12-state southeast region. 


He had dual roles in developing and managing the manufactured housing community lending platform. Impressively, he has overseen north of 10 billion in financing. 

Quotes:

"You might not have the prettiest homes in there but if it's a well-run community, it's stable, it's going to do well."

"Our manufactured housing community, because you've got so much stability because it costs so much for a resident to take his home and move it to another park (I mean it could be in excess of $7000), they're not just going to move down the road like in the multifamily property."


"If you've got a tier 2 loan on the property and you want to do a supplemental, you would get tier 2 pricing on the supplemental, basically."


"Their regulator, the FHFA, basically restricts the amount of business the two agencies can do and they call it cap or uncapped business. An uncapped business is they can do as many loans as they want in that space."


"They really open to more people and make it more affordable for them to get into a home and get into a park, no question about it.
"

Discussed in this Episode:

  • Developing MHC at Fannie Mae


  • Differences of Fannie Mae and Freddie Mac


  • Supplemental Loan Program explained


  • Future outlook of Fannie Mae


  • Detailed overview of Greystone in the MHC space

RESOURCES:

Mar 12 2019

38mins

Play

Ep #118: Learn How Industry Experts, Brandon Turner, and Kolman Bubis, have Built and Scaled Successful MHP Investment Firms.

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This episode is part of an ongoing webinar series that my team and I have been hosting where we invite a rotating panel of manufactured housing industry experts to discuss the state of our industry as it relates to not just the corona pandemic but also the general outlook of the manufactured housing industry and how you can not only survive, but ultimately thrive no matter what the current state of affairs are in our country.

In this webinar we were joined by, Kolman Bubis, a top broker with Sunstone Real Estate Advisors and Brandon Turner, who is the founder of Open Door Capital.

Recommended Resources:

  • Register for MHP Webinar: Click Here
  • Grab a FREE copy of our latest ebook “Parking Lot Profits” Click Here
  • Bring Kevin a Deal and Earn up to $200k Finders Fee Click Here
  • Check out our company and our investment opportunity by visiting SunriseCapitalInvestors.com
  • Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themClick Here
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Jul 02 2020

1hr

Play

Ep #117: SPECIAL EPISODE - MHP Industry Updates via Town Hall Webinar #4

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This episode is part of an ongoing webinar series that my team and I have been hosting where we invite a rotating panel of manufactured housing industry experts to discuss the state of the MHP industry. More specifically, as it relates to both the corona pandemic but also the general outlook of the manufactured housing industry.  We'll discuss how you can not only survive, but ultimately thrive no matter what the current state of affairs are in our country.

In this webinar we were joined by, Don Vedeen, a top broker with Northmarq Manufactured housing division and Jeff Moss, who is Director of Loan originations for Bond Street Capital.

Recommended Resources:

  • Register for MHP Webinar: Click Here
  • Grab a FREE copy of our latest ebook “Parking Lot Profits” Click Here
  • Check out our company and our investment opportunity by visiting SunriseCapitalInvestors.com
  • Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themClick Here
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Jun 23 2020

1hr 4mins

Play

Ep #116: SPECIAL EPISODE - MHP Industry Updates via Town Hall Webinar #3

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This episode is part of an ongoing webinar series that my team and I have been hosting where we invite a rotating panel of manufactured housing industry experts to discuss the state of our industry as it relates to not just the corona pandemic, but also the general outlook of the manufactured housing industry.  Additionally, we go into detail on how you can not only survive, but ultimately thrive no matter what the current state of affairs are in our country.

In this webinar we were joined by, Keven Enger, a top broker with Capstones Manufactured housing division, and MJ Vukovich, who is a senior VP of mortgage brokerage services for Bellwether Enterprise

Recommended Resources:

  • Register for MHP Webinar: Click Here
  • Grab a FREE copy of our latest ebook “Parking Lot Profits” Click Here
  • Check out our company and our investment opportunity by visiting SunriseCapitalInvestors.com
  • Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themClick Here
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Jun 16 2020

1hr 3mins

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Ep #115: Maximizing the Value of Your Community with a Financing Alternative to the 21st Mortgage Program – Scott MacNeil w/ PEPlending.com

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In this episode, we'll be speaking with the CEO of Performance Equity Partners also known as PEP, Scott MacNeil

Performance Equity Partners is a residential mortgage lender who offers creative financing options to manufactured home community owners who need a funding source for individuals seeking home ownership.

Recommended Resources:

  • Register for MHP Webinar: Click Here
  • Grab a FREE copy of our latest ebook “Parking Lot Profits” Click Here
  • Check out our company and our investment opportunity by visiting SunriseCapitalInvestors.com
  • Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themClick Here
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Jun 03 2020

26mins

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Ep #114: SPECIAL EPISODE - MHP Industry Updates via Town Hall Webinar #2

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This webinar is jam-packed with actionable, real-time info for investors. Our team is bringing together MHP experts from all areas of the industry to provide a comprehensive outlook and help you successfully navigate through uncharted waters.

Recommended Resources:

  • Register for MHP Webinar: Click Here
  • Grab a FREE copy of our latest ebook “Parking Lot Profits” Click Here
  • Check out our company and our investment opportunity by visiting SunriseCapitalInvestors.com
  • Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themClick Here
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

May 28 2020

1hr 6mins

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Ep #113: SPECIAL EPISODE - MHP Industry Updates via Town Hall Webinar #1

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You guys spoke and we listened. This webinar is jam-packed with actionable, real-time info for investors. Our team is bringing together MHP experts from all areas of the industry to provide a comprehensive outlook and help you successfully navigate through uncharted waters.

Recommended Resources:

  • Register for MHP Webinar: Click Here
  • Grab a FREE copy of our latest ebook “Parking Lot Profits” Click Here
  • Check out our company and our investment opportunity by visiting SunriseCapitalInvestors.com
  • Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themClick Here
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

May 13 2020

1hr 14mins

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Ep #112: Managing the Covid-19 Pandemic with Fellow Mobile Home Park Investor Andrew Keel

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Andrew is the owner of Keel Team, LLC and his team currently manages 16 manufactured housing communities across six states – AR, IL, IN, IA, OH, PA and TN. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities.

Recommended Resources:

  • Check out our company and our investment opportunity by visiting SunriseCapitalInvestors.com
  • Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA
  • Accredited Investors Click Hereto learn more about partnering with me and my team on Mobile Home Park deals!
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Apr 03 2020

46mins

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How To Avoid Costly Mistakes & Not Lose Money When Purchasing Your First MHP

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In this episode we have the pleasure of speaking with, Kevin Easterly. Attracted to the allure of massive double-digit returns and seemingly can’t lose opportunity, Kevin bought into his first and only park after doing very little due diligence. This proved to be Kevin’s biggest and most costly mistake to date and one that provided him many life lessons that have carried forth in other future successful business ventures. Tune in as we dissect everything that Kevin did wrong with this first deal and how you can avoid making the same mistakes when buying your first park.

Click Here to Gain Access to the Newly Revamped Deal Finders Formula

Recommended Resources:

  • Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com
  • Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.
  • Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com
  • Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com

Oct 08 2019

40mins

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Ep #110: Leveraging Technology to Communicate with Residents When Impactful Weather is a Risk - Hazard Call

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In this episode of the Mobile Home Park Investing Podcast, Kevin welcomes Gene Norman. Gene is a senior meteorologist and the VP of marketing at HazardCall. HazardCall is a system developed for manufactured homes wherein any community can give their residents alerts and notifications that help them make decisions about approaching impactful weather events such as tornadoes, hurricanes, thunderstorms, and ice storms among others.

Gene explains how and why HazardCall came into fruition and discusses the value in their messaging system that comes from procuring their services. Gene also provides a step by step illustration of HazardCall’s system and how it works. Kevin and Gene also talk about pricing, extra features, and other details about HazardCall.

Quotes:

“One of the biggest challenges of course, is telling people what to do when there’s an emergency and where they should go and that they should even have a plan.”

“When your phone rings at 2 in the morning, you’re likely going to pay attention to that and we got urgent messaging that tells them there’s a storm threat but it also gives them instructions on what they should do.”

“If the community manager finds out from the local emergency officials or from the power company that the power will be back on at such a time, we can type out that message on their phone and all the residents who were displaced would get that.”

“It doesn’t happen everyday so we’re not calling everyday but when those things are happening in your neighborhood, when the phone rings then we’ll get your attention and hopefully that will incite and send you to take the safety action that you need. Each unit, so to speak, can have up to two numbers assigned to it.”

“The biggest challenge a home community owner will have will be collecting resident information. But once you do that and put it into the system, you know maintaining this is fairly easy to do and we help you every step of the way..”

Discussed in this Episode:

  • 5:40 What is Hazard Call?

  • 13:06 The messaging system and weather alerts

  • 18:57 Gene explains how their system works [see link to presentation slides]

  • 23:21 Pricing

  • 26:36 Gene talks about “PR insurance” and other system features

RESOURCES:

Jun 04 2019

39mins

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Ep #109: Mastering the Due Diligence Process

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Today's episode of The Mobile Home Park Investing Podcast delves into the all-important topic of due diligence. Host Kevin Bupp is joined by Jethro van Aardt, the Director of Operations at Sunrise Capital Investors, and they break down the many moving parts and processes of due diligence--from kick off to title transfer.

Due diligence is one of the most critical aspects to master when diving into the niche of mobile home park investing. It has its own unique set of nuances and to be aware of, as well as opportunities and usual skeletons in the closet to watch out for.

Quotes:

"Due diligence process, it's a pretty thorough process and a lot of sellers often get intimidated by it. They're worried that you're going to uncover something and it's going to completely throw the deal out so they get kind of secretive, which is pretty strange. It's counter-intuitive." 

"The offsite phase is critical. We need to know that we have the exact information. For example, simple things like the exact address of the property, the exact pad count, how many homes are abandoned, how many homes are resident-owned, how many homes are rented by tenants, etc etc. So it's verifying a lot of information."

"DD is really just a long checklist and it's following that checklist and obviously you start off with the most critical things and, if you can get through those critical things from the top to the bottom, then you reassess and understand do you move forward or not." 

"Sometimes these places look really nice from the outside. When you get inside, they're in really bad shape. You need to understand the quality of the resident base. If anybody is prepared to live on the floors, you know that person's not paying the rent and they're probably going to skip the town in the middle of the night."

 "Unfortunately that's one of the painful things sometimes is that you can do all that prep work and offsite, think that you've covered everything but there's still going to be skeletons and that's why the onsite is so crucial."

Discussed in this Episode:

  • 09:25 Kickoff call process and offsite due diligence
  • 19:55 Onsite due diligence and prelim investment committee phase
  • 38:13 Closing and pre-take on

  • 43:32 Software used by Sunrise Capital Investors

  • 46:54 Usual skeletons in the closet

RESOURCES:

  • View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com
  • Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com
  • Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.
  • Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy
  • Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com

Mar 26 2019

59mins

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Ep #108: The Everchanging MHP Landscape From a Industry Veterans Perspective - with Eric Hanson

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This episode of Mobile Home Park Investing features MAI Appraiser and manufactured housing expert Erik Hanson. He is Executive Vice President of Midwest Appraisal Group, a real estate appraisal and consulting firm with offices in La Crosse and Madison, Wisconsin.
 Erik specializes in mobile home parks, franchise hotels, and convenience stores. He also earned his MAI Designation from the Appraisal Institute in 2014, where he serves on the board of directors as vice president and educational chair for the Wisconsin Chapter. 

Kevin and Erik dive into industry and rental trends, cap rates, sales activities going on now, and predictions for the industry in the coming years. Erik also shares a couple of stories from his experiences in the mobile home park industry.

Quotes:

"Definitely the new buyers are far more aggressive. I don't know if that's a good thing or not but it seems like they're really willing to pay all those cap rates and maybe buy in an area that doesn't make a whole lot of sense." 
 "I think a lot of it is the supply side is so small right now for anything that's out on the market that people just tend to gobble up whatever they can find."
 "It seems like it's a little more accepted now on the park-owned homes side, especially on the newer homes--the older homes is still kinda hit or miss--but the newer homes it seems like if they can't get them sold, they're willing to rent now."
 "We also look at it from a rental side. If the rents are exactly the same but one tenant's got to pay 150, one tenant's got to pay 40 in addition to rent, you have to consider that especially if there's vacant sites in those parks."

"You got to buy a couple of parks on your own first before the brokers are going to even consider you. Get your track record kind of in order before you start reaching out there." 

Discussed in this Episode:

  • New people in the industry: Trends and experiences

  • Appraising homes and risk assessment

  • Case study on utilities

  • Trends with market rents

  • Noteworthy stories on the field

RESOURCES:

  • View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com
  • Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com
  • Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.
  • Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy
  • Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com

Mar 19 2019

40mins

Play

Ep #107: Manufactured Housing Lending Explained -- with Jerry Muir

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In this episode of The Mobile Home Park Investing Podcast, Kevin Bupp speaks with manufactured housing finance expert Jerry Muir. He is Managing Director at Greystone working with the Agency Lending Team with a primary focus on building out and expanding their manufactured housing lending platform.


Jerry is a 25 year veteran of Fannie Mae and, during his time as Director of Multifamily Credit underwriting Fannie Mae, was responsible for a 12-state southeast region. 


He had dual roles in developing and managing the manufactured housing community lending platform. Impressively, he has overseen north of 10 billion in financing. 

Quotes:

"You might not have the prettiest homes in there but if it's a well-run community, it's stable, it's going to do well."

"Our manufactured housing community, because you've got so much stability because it costs so much for a resident to take his home and move it to another park (I mean it could be in excess of $7000), they're not just going to move down the road like in the multifamily property."


"If you've got a tier 2 loan on the property and you want to do a supplemental, you would get tier 2 pricing on the supplemental, basically."


"Their regulator, the FHFA, basically restricts the amount of business the two agencies can do and they call it cap or uncapped business. An uncapped business is they can do as many loans as they want in that space."


"They really open to more people and make it more affordable for them to get into a home and get into a park, no question about it.
"

Discussed in this Episode:

  • Developing MHC at Fannie Mae


  • Differences of Fannie Mae and Freddie Mac


  • Supplemental Loan Program explained


  • Future outlook of Fannie Mae


  • Detailed overview of Greystone in the MHC space

RESOURCES:

Mar 12 2019

38mins

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Ep #106: Winning the Mobile Home Park & Self Storage Game -- with Matt Ricciardella

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In this episode of The Mobile Home Park Investing Podcast, Kevin Bupp hops on a call with real estate expert Matt Ricciardella, managing member of Crystal View Capital, a private investment firm with a focus on value add real estate.

Since its inception in 2014, the firm has raised almost $17 million of equity capital and has approximately $60 million in assets under management with a specialized focus on manufactured housing and self-storage asset classes.

Matt also goes into fine detail about recent successful projects and how his company manages all the different asset classes they handle from across the US.

Quotes:

"In my hunt for finding deals that would yield the best cash flow, I kinda came across mobile home parks and self-storage as the key assets that I wanted to focus on since those properties yielded the highest free cash flow out of all commercial real estate classes that I came across and underwrote."


"These opportunities are available to all of us. You've got to dig--especially now you've got to dig even harder--and then you've got to have the wherewithal to recognize that there is that untapped, hidden value."

"Once you've added value and you've maximized that value, it's time to look to exit."

"Through the years, we've been kicked down the street and that's the only way I think we've learned and we've learned from our mistakes and as a result we've implemented some of these strategies that has made us successful managers of mobile home communities."

"The best thing I can tell you is to take action. Go out there, make it happen, start looking at opportunities, get educated."

Discussed in this Episode:

  • Cold calling and working with brokers
  • Discussion on Matt’s deals and opportunities

  • How to handle rent increase pushbacks and exiting deals

  • Pros & Cons of park-owned homes and private utilities
  • Management infrastructure of Crystal View Capital

RESOURCES:

Mar 05 2019

38mins

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Ep #105: Colliers International -- with Chuck Schierbeck

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This episode features MAI Appraiser and MH industry expert Chuck Schierbeck, a senior valuations specialist with Colliers International and an expert on commercial property evaluations like preparation of appraisal reports, supply and demand analysis, financial and site feasibility, and overall market examination.

Chuck gives us an insider's view of the biggest changes in the industry since the recession. He also shares his views on trends and risks that are the shaping the future of mobile homes.

Quotes:

"So what happened sort of in the 2000's all the way up to today is people, owners started to have them figure out how to sell homes in their communities, finance them, do all that. So owners have had to become more than just property owners. They've had to become retailers, lenders, things like that."

"If you're not built to dig up the dirt and put in the roads, you're not comfortable doing that, the same thing goes back to the smaller homes. I don't think the industry is built for that yet."

"The question is with these different trends, what does my market want?"

"The ideal thing is you got a community, trying to sell homes, you open the rentals, get your property filled out with whatever methods you can, and then try to turn those rentals into owners. And from zero, that would be the model that I would say."

"I think there is some risk in increasing interest rates. I don't know that it's impending... people thought it was going to go up and then it didn't."

Highlights:

[05:15] Chuck's background and how he got into the business[10:43] Big industry changes since the recession[21:07] Discussion on trends (tiny homes and rentals)[36:32] Creating additional ancillary income streams [45:56] Risks to the industry in the future RESOURCES:

  • View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com
  • Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com
  • Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.
  • Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy
  • Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com

Feb 19 2019

53mins

Play

Ep #104: Behind the Scenes at Sunrise Capital Investors -- with Jethro Van Aardt, Director of Operations

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Today's podcast features Jethro Van Aardt, Director of Operations at Sunrise Capital Investors. He has an extensive background in commercial real estate and asset management. 

Jethro talks on how he’s implemented processes which produced multiple benefits to consolidation planning, better organization, cost savings, and higher quality of coverage, while also spearheading their insurance project. Quotes

"That's what it boils down to. That's why you want to choose your broker first. You also want to be sure that you've got the right person servicing you."

"Like everything in life, you get brokers that are small, they don't have access to products that the big corporates would have."

“But generally, I'd say about between 800 and a thousand pads is when you really could start seeing some great pricing efficiencies and really the brokers would start getting excited. Anything smaller than that, you know, it's going to be difficult to get the brokers excited because it takes a lot of work on their side too."

"Guys would never do this product if they felt that their clients were at risk or the entire industry was at risk."

"Insurance is a complex product. When you are going out there and you're comparing your different products, just make sure you're comparing apples to apples."

Discussed in this Episode:

  • Jethro discusses his personal and professional journey leading up to Sunrise 
  • Details on his insurance project 
  • Brokers and the "Decision Matrix Tool"
  • Working with IMA Corp of Jed Bond

RESOURCES:

  • View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com
  • Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com
  • Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.
  • Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy
  • Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com

Feb 12 2019

37mins

Play

Ep #103: MH Park Advisors -- with Skyler Liechty

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In today's podcast, founding member of MH Park Advisors Skyler Liechty shares his in-depth knowledge of the mobile home park investment industry. He is a third generation park owner and also runs other businesses like MHC Leads.

Skyler discusses his processes to address issues with new owners moving in, handling market-dependent homes, and finding new investment opportunities.

QUOTES:

14:15 "Doing that on a scale, one might not be all that challenging. Two, more challenging. You start talking about five or ten or twenty as the example we used, there's lots going on there and it's much more difficult than what it seemed when you first set out."

15:39 "Everyone has their opinions about what's a better way. Us personally, we tend to like that lease with an option to purchase program simply because from an operational and functional standpoint, it's a lot easier if you have a problem with the resident." 

16:18 "Once you decide what strategy you're going to go with, then that dictates what the process to execute on that plan is."

30:49 "Most people, they may call, they may email, but the biggest communication source we found was text messages."

44:40 "When people are looking for a home or a place to live or an apartment, whatever it is, it's immediate. They are looking right now. You call them two days later, it's not a hot lead anymore."

47:09 "I tend to believe that most transactions are relationship-driven."

HIGHLIGHTS  

07:12 Introduction to Skyler Liechty and his entry into the mobile home park business

10:50 Discussion on the biggest challenges for new investors

14:29 Using strategy to master current processes and create an efficient system

19:34 The lease option program of Skyler for new homes explained

28:32 What is MHC Leads and how does it work?

42:13 How to integrate with existing software and programs for smooth workflow

45:36 Discussion on finding investment and acquisition opportunities 

53:02 Roles of brokers in the mobile home park industry

RESOURCES:

Jan 29 2019

57mins

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Ep #102: The Resident Owned Community Exit -- with Paul Bradley

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In this episode of The Mobile Home Park Investing Podcast, Kevin shares the mic with Paul Bradley, founder of ROC USA. Paul started ROC USA to solve a big problem for homeowners living in mobile home communities. Traditionally, individual homeowners wouldn't be able to secure financing to purchase and collectively own the communities they live in. With the help of Paul's nonprofit however, ROC USA helps residents form a co-op structure, secure funding from vetted sources, and provide leadership training and support to help co-op leaders effectively run their communities. Enjoy this episode as Paul discusses the resilience of Resident-Owned Communities, and how ROC USA can provide a structure that allows an exit strategy for the private community owner. HIGHLIGHTS: [1:53] Paul's Background [8:59] What was Paul's first Co-Op Deal like? [12:37] When is it in the best interest of a Co-Op to revert back to private ownership of their community? [16:00] Who is the seller to a Co-Op? [28:03] Closing Thoughts.

RESOURCES:

Jan 15 2019

32mins

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Ep #101: The Active Duty MHP Investor -- with Tim Kelly

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In this episode of The Mobile Home Park Investing Podcast, Kevin shares the mic with Tim Kelly, Founder of Kelly Investment Group in Pensacola, FL.Kevin began his investing career by house hacking while still serving full-time as a Chief Petty Officer in the United States Navy in Pensacola. With a few more multifamily deals under his belt, Kevin “switched teams” so to speak to investing almost exclusively in Mobile Home Communities -- some of which include Mobile & Troy Alabama.Enjoy this episode as the two dissect the strategies for raising funds for your first deals, and other due diligence principles.HIGHLIGHTS: [6:05] What is Tim’s background?[10:35] Why did Tim switch from Multi-Family to Mobile Home Parks?[14:24] What was Tim’s first deal like?[26:03] What is Tim & Kevin’s thoughts on Park-Owned Homes?[39:31] What’s Tim’s criteria for a “Good” Deal?[41:29] Tim’s final closing thoughts.

RESOURCES:

Nov 20 2018

45mins

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Ep #100: The Importance of a Pre-Purchase Environmental Assessment -- with Michael Renz

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In this episode of the Mobile Home Park Investing Podcast, Kevin shares the mic with Michael Renz; An Environmental Geologist and Founder of Renz & Associates, INC. Michael’s Renz’s boutique firm specializes in the conduction of environmental studies for sites potentially impacted by pollution by hazardous materials, and providing remediation for any potential problems. Examples include cleanup from oil spills, leaking underground storage tanks, ruptured pipelines, dumpsites and the like. Every investor needs to understand the importance of conducting an environmental survey on their property before a purchase, as it can carry a potentially huge liability. Enjoy this episode as Michael covers what to look for, and various stories from working in the field. HIGHLIGHTS: [6:23] Michael’s Background [15:55] What’s the strangest discovery Michael has made during an examination? [24:48] What is the average turnaround time and cost of a Phase I environmental study? [29:08] When is a Phase II environmental study initiated? [34:08] What kind of questions do buyers need to ask a firm for an environmental assessment?

RESOURCES:

Nov 06 2018

41mins

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Ep #99: How '08 Led to One's Discovery of MHP Investing -- With Andrew Lanoie

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In this episode of the Mobile Home Park Investing Podcast, Kevin shares the mic with Andrew Lanoie; Founder and Principal of Park Place Communities and Four Peaks Partners based in Scottsdale, Arizona.Andrew’s background is markedly different from most investors, originally holding a career in artist management in the entertainment industry of SoCal.After the 2008 financial meltdown and seeing his parents lose significant wealth however, Andrew began to seek answers to why this happened to better shield himself from future events.Andrew now manages a portfolio of manufactured home communities across the country, and is passionate about fostering a team around Park Place Communities and Four Peaks.HIGHLIGHTS: [7:18] At what point did Andrew get interested specifically in Manufactured Home Communities?[9:59] What have been the biggest changes Andrew has observed in the MHP market?[17:05] What was Andrew’s first MHP deal like?[21:52] What is Andrew’s thoughts on Park Owned Homes?[32:14] What’s Andrew’s long-term strategy?[35:31] Andrew’s final closing thoughts.RESOURCES:

Oct 30 2018

38mins

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Awesome!

By DVicktory - May 31 2020
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Great podcast! The information these guys give is super valuable!

owner

By Travis Latiolais - May 24 2020
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Kevin is very informative, and i really enjot his podcast. I highly reccomend.