Ep #35: Pre-Acquisition Case Study and Potential Partnership Opportunity With Us

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

🗓️ 17 November 2016

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In todays show, Charles and I are going to be doing a little something different based on direct feedback from numerous listeners who suggested that it would be helpful if we, Charles and I, did a show that specifically went through deals that we are working on and/or have under contract so you can view it from our eyes.

As you know, we typically do case studies on parks that we’ve recently acquired but I can see the many benefits that one might receive by having us go through a park that we’ve recently tied up but haven’t yet closed on yet. And so we’re going to walk you through all the particulars of a deal that we recently tied up in Charleston, WV so that you can better understand our deal selection process.

And as a side note, Charles and I are also looking for potential partners on this deal. so if this sounds like something you might be interested in, we’d love to discuss the possibility of partnering with you. Send us an email to [email protected] for more information.

Park Characteristics:

135 total spaces
128 occupied – All TOH
Average lot rent: $160 (market rents are $225)
Water/Sewer: City direct billed
Wide Concrete Streets
Great school district (If you are a buy and hold long term investor like us… then this is important)
Purchase price $1.8 million
Built in 1980’s

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	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.
0:15.0	Veteran real estate investors Kevin Bupp and Charles D. Hart from Mobile Home Park Academy
0:20.0	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 hosts
0:36.6	for today's show, Kevin Bupp and Charles D.
0:39.1	Welcome guys and gals, the Mobile Home Park Academy's
0:41.8	weekly podcast. We will provide all the
0:43.6	information you need to know to successfully locate, negotiate, close on and
0:48.0	make huge profits from the lucrative niche of mobile home park investing. I'm your
0:51.4	host Kevin Bupp along with my co-host and business partner, Charles,
0:55.0	Charles, what's going on my friend? How you doing today?
0:58.0	Doing pretty good.
0:59.0	Yeah, just excited to talk about this deal.
1:01.0	This is one we've been working on for a while.
1:03.0	Yeah, yeah, so just gotta give you guys a background.
1:05.2	Charles and I, we're gonna be doing a little something different here on this show today
1:09.5	and the reasons are based on direct feedback from you guys from numerous listeners who suggested that it might be helpful if we you know Charles and I
1:18.0	Did it show that specifically went through deals that were working on and or have under contract.
1:23.2	So things that we haven't closed on yet, but deals that we've gotten our pipeline that are under
1:26.7	contract that we're working on so that you can view it from our eyes or from our
	...

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