EP #122: How To Rate the Quality of a Mobile Home Park

The Mobile Home Park Investing Podcast - Real Estate Investing Niche

Kevin Bupp

Passiveincome, Business, Mobilehomepark, Cashflow, Syndication, Investing, Realestate, Mobilehomeparkinvesting, Kevinbupp, Realestateinvesting

5 • 1.1K Ratings

🗓️ 6 January 2021

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, we discuss the practice in grading mobile home parks with the "star" rating (usually one to five stars), which exists for no other type of commercial real estate.

What makes this interesting is that almost no one who uses the rating knows what it means or where it comes from. Ask a broker, lender, or even large corporate operators what the difference is between a three-star and a five-star park, and you will likely get a muddled response referring to amenities, paved streets, or swimming pools, but no hard data about how the stars are assigned or who does it.

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Transcript

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0:00.0	Welcome to the podcast that will teach you how to successfully invest in and build steady
0:09.8	streams of passive income from the highly lucrative niche of mobile home park investing.
0:15.8	Veteran real estate investors Kevin Bupp and Charles D. Hart from Mobile Home Park Academy
0:20.4	will personally share with you the valuable lessons they've learned along their journey as mobile home park investors
0:25.8	So that you too can learn how to build massive cash flow and huge profits from this extremely lucrative niche.
0:33.6	So without further ado, let's welcome your host for today's show,
0:37.8	Kevin Buff and Charles D. Hart.
0:39.8	Welcome guys and gals to the Mobile Home Park Academy's
0:42.2	weekly podcast where
0:43.4	will provide all the information that you need to know to successfully locate,
0:47.2	negotiate, close on, and make huge profits from a lucrative niche of mobile
0:50.9	home park investing. I'm your host Kevin Buff and in today's
0:53.3	show I'm joined by co-host business partner and my good friend Brian Spear
0:58.0	Brian how's it going buddy. Life is good, Kevin how you doing today bud?
1:00.8	I'm good man I'm down here I'm a little warmer than you are you
1:03.8	up in Chicago right now but so I think I don't know if I'm doing better than you but
1:07.4	I'm in a more pleasant environment I guess yeah fair enough we're up here in
1:11.6	Chicago and actually it is it is frigid right now.
1:14.2	It's a as we record this December 30th. It is extremely cold. While we did not have a white
1:19.0	Christmas, we did get a fair amount of snow yesterday, so it has been kind of nice.
1:23.8	I'm not gonna lie.
1:24.4	You know, we were always down there in Florida.
	...

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