Ep #176: Successfully Transitioning From Single Family into RV and Mobile Home Park Investments– with Tim Zomermaand
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.9 • 675 Ratings
🗓️ 20 March 2018
⏱️ 57 minutes
🧾️ Download transcript
Summary
Our guests for this week’s show is real estate expert, Mobile Home and RV Park Investor and my good friend, Tim Zomermaand.
I conducted this interview more than 1.5 years ago and have had the opportunity to meet Tim in person since this recording two different times at real estate events and I will be the first to tell you that he is one of the most stand up guys you will ever meet. If you ever happen to have the opportunity to meet or speak with Tim, do it.
In this show with Tim you’re going to learn the following:
- How Tim got started as a real estate investor by purchasing a $9,000 home and flipping it for a profit
- How he initially got started in the RV park business by leveraging a few of his single family rental properties as collateral to purchase his first 94 space park.
- How Tim doubled the value of this first RV Park from $500k he paid to more than $1 million in less than 1.5 years and then proceeded to parlay that equity into two additional park investments, one of those being a very large 277 space community.
- How he staffs his RV parks to handle the 24/7 round-the-clock-operation.
- Why he doesn’t like RV parks with public restrooms
- How he’s been able to successfully collect a large majority of the bad debt when taking over a new community.
- How learning to better delegate responsibilities within his business has allowed Tim to accelerate both the growth and overall cash flow of his investments.
- And much, much more….
Recommended Resources
- Check out our company and our investment opportunity by visiting SunriseCapitalInvestors.com
- Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA
- Accredited Investors Click Hereto learn more about partnering with me and my team on Mobile Home Park deals!
- 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 themcom
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Transcript
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| 0:00.0 | You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it. |
| 0:09.4 | But you're tired of all the so-called gurus who are all talk and no substance. |
| 0:15.3 | Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen. |
| 0:21.7 | This is the Real Estate Investing for Cash Flow podcast. |
| 0:25.2 | Now, here's Kevin Bup. |
| 0:30.0 | Hey guys, Kevin Bup here with episode number 176 of the Real Estate Investing for Cashflow |
| 0:34.8 | Podcast. |
| 0:35.8 | Our mission is to help you build and maintain massive amounts of cash flow through |
| 0:39.7 | income producing real estate investments. |
| 0:42.2 | Now, before I introduce our guest for today's show, I want to mention a very important |
| 0:46.0 | item regarding this particular show. |
| 0:48.3 | Now, I actually mentioned this a few episodes ago, and that was that throughout the next |
| 0:52.6 | few months, I would be releasing a number of |
| 0:55.0 | interviews that kind of have been lost in the archives or just simply were never released. |
| 1:00.5 | Most of these interviews were simply awesome, and they just accidentally fell through the cracks, |
| 1:05.2 | and they never made it on the show's schedule to be released. Well, today's show was one of them, |
| 1:09.2 | and it's absolutely awesome, and it would |
| 1:11.3 | pain me for you guys not to hear it and take away a ton of value just like I did when we actually |
| 1:15.4 | did the interview. Now, I will tell you that the sound quality of today's show has some very, |
| 1:19.6 | very minor challenges, but really they're teeny tiny, and they shouldn't keep you from walking |
| 1:23.7 | away with a ton of value from the interview. And so with that being said, our guest |
| 1:27.7 | for this week's show is a real estate expert, mobile home and RV park investor, and my good |
... |
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