Welcome to the 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 park investing veteran real estate investor and fund manager Kevin Bup along with his co-host and business partner Brian Spear will personally share with you the valuable lessons they've learned along their successful journey as a mobile home park investor so that you too can learn how

to create passive income and generational wealth from this extremely lucrative niche so without further ado let's welcome your house for today's show Kevin Bup and Brian Spear.

Welcome guys and gals to the mobile home park investing weekly podcast where we'll provide all the information that you need to successfully locate, negotiate, close on and make huge profits from the lucrative niche of mobile home park investing.

I'm your host Brian Spear and in today's show I'm going to walk you through some of the best insights that Warren Buffett shared in his annual letter to shareholders and how that actually applies to us as mobile home park investors.

What you're going to learn on today's show is this what is the number one thing that you should be focusing on when running a mobile home park business.

You're also going to learn why equity investments are better than debt investments in today's market.

You'll also learn why many investors are intentionally losing money that's right they're intentionally losing money today.

You're also going to learn why Warren Buffett conveys that you should never bet against America last but not least you're going to learn which real estate sectors have the lowest capital expenditure requirements and with that I'm excited to get out of the show but before we do I have a few quick housekeeping items.

First there's a free gift that we're offering to listeners who take the time to leave a five star rating and review on iTunes.

We will give you the same exact cold call script that we use in our own business today which has helped us purchase tens of millions of dollars of mobile home parks.

To redeem your free gift simply send an email to gift at mobile home park academy dot com and tell us who you are and what screen name you used to leave your review and we'll go ahead and get you that gift.

Also we're providing you guys with an opportunity to do a 30 minute complimentary phone call with Kevin but my business partner you can do this by heading to Kevin but com clicking on the asked Kevin tab and then going ahead and scheduling the call has been doing this for eight years now something like that he's literally spent hundreds of hours on the phone with folks just like yourself who are either active or passive in the mobile home park industry and he's really truly just looking to give back he's been doing this for over 20 years.

Has a wealth of experience and can just try to help you navigate those uncharted waters whatever they may be for you it's just truly an opportunity for him to give back so feel free to head to Kevin but com schedule a call he sets aside a couple of calendar slots on Fridays each and every week to touch face with you guys.

Last but not least guys subscribe to the show if you haven't done so already this way you'll get notified when a new episode comes live that way you don't miss one when we get out here and do our best to provide you with some.

Some additional information on this phenomenal asset class alright onto the topic at hand Warren Buffett is the best investor of all time he is quite literally the only human being on the history of the planet that has started a business from scratch and built it up into a 600 billion dollar market cap as an investment holding company is the best investor of all time he has over 100 billion dollars as his net worth.

And he's already given away tens of billions of dollars to charity so he's clearly somebody that we should look to when gauging our own individual investment philosophy and see if we can pull any golden nuggets out of what he has to offer and what he has to say he's been doing this for decades guys I don't want to run through his entire background but I'll just convey this if you do not know Warren Buffett has a huge presence in the mobile home park sector.

He is the largest manufacturer of mobile homes through Clayton homes company that he owns he is the largest financier of mobile homes through 21st mortgage also owns that company and he is the second largest lender on mobile home parks over the past decade through his company Burcadia which is also a subsidiary of Berkshire Hathaway so we're going to do our best to sift through the annual letter that he just put out he did this about a week and a half ago two weeks ago does this every year.

Every single year and there's always a ton of golden nuggets but I'm going to go ahead and see if we can find some golden nuggets that relate specifically to mobile home park investing and some cues that we can take away from that in our own business whether we're active or passive in this space.

The first golden nugget that I would point to is this as an investor you need to be focusing on the NOI growth and not on the value of your community inside of the letter I'm going to go ahead and quote him verbatim he conveys operating earnings are what count most even during periods when they are not the largest item in our gap total generally accepted accounting principles guys so.

What he's trying to get out here is that operating earnings otherwise known as NOI growth in our little crazy mobile home park world that is what counts most.

He's relating it to stock prices because the stock valuation may ebb and flow based on the whims of a market and oftentimes it is a whimsical market that might not be appropriately valuing that respective company.

And if we consider that and how that actually translates to the mobile home park industry.

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