Creative Capital Podcast 108: Seller Financing Mobile Home Parks with Gabriel Hamel

Oct 22, 2021

Welcome back to the Creative Capital Podcast with Josh Ferrari! In this episode, I am speaking with Gabriel Hamel! Gabriel is a professional real estate investor whose passion for real estate, business, and financial freedom has helped him to amass a multi-million-dollar real estate portfolio consisting of single-family homes, multi-family apartments, and commercial real estate. From humble beginnings, a book on real estate, and a strong desire for financial freedom, Gabriel set out to find creative ways to start purchasing income-producing investment Real Estate. Gabriel is a strong advocate of financial literacy through self-education.

 

In this episode, Gabriel talks everything about seller financing and mobile home parks. He dives deeper into what seller financing is, what he loves about it, and how he approaches conversations with sellers. Gabriel will also walk us through the world of mobile home park investing and what’s ahead for that market. Gabriel also shares his thoughts on the future of the real estate market and why it’s important to trust the process. Listen in!

[00:01 - 07:59] Introduction  

 

• A preview of the episode
• Welcoming Gabriel to the show
• Gabriel shares his background
• Why he considered staying at a job risky

 

[08:00 - 24:53] Seller Financing: A Closer Look

 

• Getting into seller financing
• • What is seller financing?
  • Gabriel talks about his first seller financing deal
  • Seller financing on a mobile home park
  • Why sellers want to carry financing
• Gabriel’s thoughts on where the market is now
• • Where he thinks the market is headed
• Why aren’t more people utilizing seller financing?
• How Gabriel approaches conversations with sellers

 

[24:54 - 38:45] Investing in Mobile Home Parks

 

• What Gabriel likes about mobile home parks
• Property management in the mobile home parks space
• Gabriel talks about his current mobile home parks
• Why it’s important to trust the process in real estate
• How Gabriel was able to own 100% equity in all his properties

 

[38:46 - 44:32] The Pod Decks Segment

 

• If you were guaranteed the correct answer to one question, what would you ask?
• Gen Z is the first generation to grow up completely on smartphones. Do you think that we'll have long-term consequences for them?

[44:33 - 54:23] The Core Four

 

• What is your favorite real estate-related book?
• • Rich Dad Poor Dad (link below)
•  What do you think your unique skill is that helped you become successful?
• • Being fearless
• Tell me something that's true about real estate that almost nobody agrees with you on
• • You need money to make money
• What one piece of advice would you give the listeners wanting to succeed in real estate investing?
• • Believe that it’s possible for you
• Connect with Gabriel!
• A summary of the episode
• Closing words

Key Quotes: 

 

“There are a lot of reasons sellers will and want to carry financing. Not all sellers want to be cashed out, so a lot of it's just having the conversation with the seller, seeing what their needs are, and can I give them what they need and make the deal work for me.” - Gabriel Hamel

 

“I know exactly what the markets gonna do. … It's gonna go up or it's gonna go down or it's gonna hit or it's gonna be flat. That's it. Joking aside, I actually don't care what the market does. … It's always a good time to buy if you buy right.” - Gabriel Hamel

 

“There are so many different ways to be successful within real estate. It doesn't matter whether it's single-family, multifamily, mobile home parks, land storage, if you're in it long enough and you're committed to it, you'll find success.” - Gabriel Hamel

Resources Mentioned:

 

• Rich Dad Poor Dad

Connect with Gabriel on Instagram and LinkedIn!

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube 

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

 

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