cover of episode 246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp

246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp

Publish Date: 2017/9/28
logo of podcast BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

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Shownotes Transcript

    <p>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. </p><p>You’ll learn how <strong>Kevin Bupp</strong> 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. </p><p>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!</p><p>In This Episode We Cover:</p><ul>
  • 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

    Books Mentioned in this Show

    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


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