Ep #52: How To Overcome Due Diligence Challenges Plus Critical Feedback From Our Alabama Park Where We're Using the 21st Mortgage Program to Convert Park Owned Rentals Into Resident Owned Units
The Mobile Home Park Investing Podcast - Real Estate Investing Niche
Kevin Bupp
5 • 1.1K Ratings
🗓️ 14 March 2017
⏱️ 58 minutes
🧾️ Download transcript
Summary
On today’s show we are going to cover a recent trip to a park we’re in contract on in the Buffalo MSA. Like most parks, this deal also has it’s fair share of challenges that we’re working through and so we thought it might be helpful if we share our experiences and how we’re working to overcome these challenges.
Also, as an added bonus, we’ll be sharing critical feedback from our first-hand experience of selling used park owned homes using the 21st mortgage finance program. This program has proven much more difficult to we originally expected which has created unexpected challenges in converting our park owned home inventory into tenant owned units. This is a must listen if you’re considering purchasing a park with a large number of park owned units.
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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. |
| 0:39.2 | Welcome guys and gals of the Mobile Home Park Academy's weekly podcast will provide all the |
| 0:43.7 | information that you need to know to successfully locate, negotiate, close on and |
| 0:47.9 | make huge profits from the lucrative niche of mobile home park investing. |
| 0:50.9 | I'm your host, I'm your host, |
| 0:53.0 | and business partner, Charles D. Hart. |
| 0:55.0 | Charles, what's going on, man? You're back from cold buffalo. |
| 0:59.0 | You were up in there in the middle of the winter time. |
| 1:01.0 | That's a horrible time to go up there. How you doing |
| 1:03.4 | do it? Good. It was a perfect weekend this weekend |
| 1:07.6 | this last weekend so definitely glad to be back. It actually wasn't even |
| 1:11.7 | warm up there. I wasn't even cold up there. It was like 50 or 60 |
| 1:14.4 | degrees which is crazy. Normally that's like the one place you don't want to go in the middle |
| 1:17.5 | winter is Buffalo, New York and Charles trekked up there and had beautiful t-shirt weather. |
| 1:23.2 | Yeah, it got me. I mean, I was 50 degrees both days when I was there and I woke up that morning just kind of |
| 1:28.2 | expecting the same thing the morning that I flew back and it was about 10. |
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