May 31, 2023
From a chance encounter with a retired banker, Kevin Bupp stumbled upon an unexpected investment opportunity in mobile home parks and parking lots. But what happened next was a twist that no one saw coming. What was it and how did Kevin overcome it? Find out in this gripping transcript.
“I realised that there was a better way...Mobile home parks have a lot of similarities in multifamily properties. It's a different type of vehicle - literally!”
In this episode, you will be able to:
👉Discover the financial perks and challenges tied to mobile home park investments, along with their potential for growth.
👉Uncover the need for affordable housing options to meet the growing demands of service workers.
👉Learn how to recognize prime locations and enlist professional management for parking garage investments.
👉Realise the importance of education and networking in
the pursuit of successful real estate investment ventures.
About Kevin Bupp
Kevin holds the keys to successful real estate investment. With
over two decades of
experience, Kevin educates investors on how to locate,
acquire, and create “higher than average” returns through
commercial real estate investing. He shares his expertise through
one of the longest-running Commercial Real Estate Investing
Podcast,
"Real Estate Investing for Cashflow" which has been downloaded
millions of times by listeners in over 190 countries.
Kevin is a principal & founder of Sunrise Capital
Investors, a boutique real estate private equity firm that
specialises in niche commercial real estate investments.
In addition to his Real Estate endeavours, Kevin is
passionate about giving back and is actively involved in multiple
charitable organisations.
Some key points:
(01:53) Mobile home investing hasn't always been a respectable
business
(06:36) Making the first mobile home deal in the early 2010s
(10:28) Kevin's business model: own the pads, not the homes
themselves
(14:07) Renting out vs selling mobile homes
(16:03) Do people decide to just pack up and take their mobile
homes on the road?
(16:57) How to evaluate mobile home assets
(19:08) Many mobile park assets are behind the market for two
reasons
(21:00) The biggest CapEX cost for mobile home plots is
infrastructure
(23:01) The cost of renovating an out of shape mobile home plot
(25:53) The ROI on renovating a typical mobile home plot
(26:46) Mobile home parks and the effect of the rising interest
rates
(28:39) Mobile home supply is shrinking. Is manufactured housing
the answer to the affordability crisis?
(35:04) Parking garages as an investment: it's a cash-flow and
covered land play
(37:58) Operating parking lots is very simple in terms of
meintenance and services
(44:33) Parking lots often have higher potential as redevelopment
assets
(45:20) Kevin's new book and closing thoughts
🌎Reach out to Kevin Bupp
Website https://kevinbupp.com/
LinkedIN
https://www.linkedin.com/in/kevinbupp
Instagram https://www.instagram.com/buppkevin/?hl=en
Real Estate Investing for Cash Flow with Kevin Bupp
🌎Reach out to JonathanTwombly
LinkedIn: https://www.linkedin.com/in/jonathandtwombly
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Make sure to also check some of our previous
episodes:
Going From Working In Hospitality To Multifamily Investing & Hotel
Conversions With Charlie Rushton
Hotel Conversions To Multi Family Housing With David Peters
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