Ep #16: Choosing to Invest Locally Over Investing Logically - Mistake #8 from Our Popular Ebook
The Mobile Home Park Investing Podcast - Real Estate Investing Niche
Kevin Bupp
4.9 • 1.1K Ratings
🗓️ 29 July 2016
⏱️ 10 minutes
🧾️ Download transcript
Summary
Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will discuss mistake number 8 from our popular eBook, "The 21 Biggest Mistakes Investors Make When purchasing their First Mobile Home Park…and how to avoid them." One thing we see often is that many investors will choose to look for parks locally for the sole purpose of being near the park. There is nothing wrong with being close to your park, but you definitely don't need to be. If you find that you live in a market where CAP rates are insanely low or in a market that is going through tough times, you would be much wiser to invest outside of your immediate area.
The business model and management style we teach is effective whether you live across the street from your park or across the country. Don't put yourself in the position of buying a bad investment just for the sake of being close to it. Proximity does not correlate to success in this business.
Recommended Resources:
- Click Here to Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them
Transcript
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| 0:00.0 | Hey guys Kevin Bupp here from the Mobile Home Park Academy. |
| 0:03.0 | I've got a special announcement I'd like to share with you before we dive into today's show. |
| 0:07.0 | My partners and I are starting something really cool here at the Mobile Home Park Investing |
| 0:10.4 | podcast and I wanted to make sure that you were the first to know about it. |
| 0:13.4 | Now if you've ever listened to my other show, The Real Estate Investing for Cash Low |
| 0:16.7 | podcast, you'll know that for about the past year and a half I've been offering a |
| 0:20.4 | free 30 minute phone consultation where you and I can get on the phone together |
| 0:24.4 | and we can discuss anything that you'd like regarding real estate investing. |
| 0:28.5 | This has been a very popular service and I've had the opportunity of speaking with |
| 0:31.9 | hundreds and hundreds of you over the past year and a half okay |
| 0:35.0 | Well guess what we've decided to offer the same exact free 30 minute phone consultation through our mobile home investing podcast. But specifically for those who are either |
| 0:44.7 | interested in investing a mobile home parks |
| 0:47.0 | or who are already investing in parks today. |
| 0:49.7 | Now there's absolutely no ulterior motive with these calls |
| 0:52.2 | and we can discuss anything your heart |
| 0:53.8 | desires as long as it's regarding mobile home parks. |
| 0:57.6 | And I know you might be skeptical and I actually understand, okay? |
| 1:00.2 | Who actually gives out 30 minutes of their time for free just to talk with someone that, you know, has an interest in mobile home park investing. |
| 1:07.3 | Well, if you're one of the hundreds that I've already talked to through my other podcast, then you'll know that I'm not going to pitch you anything I'm not |
| 1:14.1 | going to sell you anything that's not my intent whatsoever our intent is to educate others |
| 1:19.1 | about this industry we have a sincere passion for it and we love giving back. In fact that's why we do this show |
| 1:24.3 | We enjoy giving back to others and we like to spread the word about this awesome industry of mobile home park investing show |
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