#346 MHP: Building a Life of Financial Freedom Through MHP Investing

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 20 October 2021

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's Mobile Home Park Episode is from Episode #95 that originally aired on Sep 25, 2018.

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

Transcript

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0:00.0	Welcome to this week's Mobile Home Park Investing 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 parks.
0:13.0	With decades of experience, Kevin Bup will personally share with you the valuable lessons he's learned along his journey so that you too can learn how to generate
0:21.2	cash flow and build legacy wealth for you and your family.
0:25.4	Now, without further ado, let's welcome your host for today's show, Kevin Bubb.
0:31.9	I'm your host Kevin Bubb, and in today's show, we're going to be speaking with real estate investor
0:35.9	and entrepreneur, Mike Johnson.
0:38.5	Mike's main purpose in life is helping motivated people escape the rat race and retire within 12
0:42.9	months, no matter how long or how much money they have now. Through his website and blog,
0:48.5	perpetual Saturday.com, Mike shares the details on how to accomplish this and much more.
0:54.1	Mike's primary investment vehicle of choice is income property.
0:57.4	More specifically, mobile home parks as the vehicle to get early retirement.
1:02.1	And I want to read a quick blur from Mike's website as it will really help paint a better
1:06.6	picture of who Mike is and what he stands for.
1:09.1	Okay, so here we go.
1:10.4	Financial freedom is heaven.
1:12.0	I know this because I live there. No more Mondays, it's perpetual Saturday here on the
1:16.4	mountain. No dress code, no boss, no having to be somewhere. The border collie is my co-worker.
1:22.6	Jeans are my uniform and the schedule is whatever I decide to do, wherever I decided to do it. Today I decided
1:28.8	to write you from the skybox, living room of my log home, 1,400 feet above the valley,
1:34.4	framed by 12,000 foot snow-capped mountains just outside Yellowstone National Park. I'm immersed in my
1:39.8	dream, an early retirement in a location I love, with a woman I love, and a home that I love.
1:45.4	I retired eight years ago after establishing 95% passive income streams. I own three mobile home
	...

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