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 investors Kevin Bupp and Charles D. Hart from Mobile Home Park Academy

will personally share with you the valuable lessons they've learned along their journey as mobile home park investors

so that you too can learn how to build massive cash flow and huge profits from this extremely lucrative niche.

So without further ado, let's welcome your hosts for today's show,

Kevin Bup and Charles D. Hart.

Welcome guys and gals to the Mobile Home Park Academy special series on the 21 biggest mistakes

new investors make when purchasing their first mobile home park and how you can avoid them.

I am your host Kevin Bupp, along with my co-host and business partner, Charles

D. Hart. Charles, tell our listeners about the big mistake we're going to be covering today.

Thanks, Kevin. Big mistake number one is capitalizing the home rental portion on your park-owned homes.

And this mistake is very important because this is the number one reason why people owe for pay for a park.

And it's not just overpaying.

Oftentimes, the valuations that they give come in almost twice

what the real value of the park would normally be.

Okay, and what does that really mean?

Explain to us to kind of dive a little deeper about what it means to capitalize the home rental portion of the park.

For those that are listening that are just maybe looking at Binder very first park.

Sure Kevin, the capitalizing the home rental portion or capitalizing the valuation on a mobile home park

is really just what you're doing is you're doing an income approach evaluation on the park.

And all you do is you add up all the revenues, you subtract the expenses, and come up with

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