Ep #53: Making The Decision to Invest Locally Over Investing Logically and How This Can Negatively Affect Your Business
The Mobile Home Park Investing Podcast - Real Estate Investing Niche
Kevin Bupp
5 • 1.1K Ratings
🗓️ 21 March 2017
⏱️ 14 minutes
🧾️ Download transcript
Summary
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.
- Click Here to Grab a free copy of our latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them
- Want to Learn How to Invest in The Lucrative Niche of Mobile Home Parks? Check out our Free Training that Will Teach You The Systems and Processes We Use To Find The Most Profitable Deals. Click Here to Learn More
- Have An Interest In Partnering with a Team with a Proven Track Record in the Mobile Home Park Space? Click HERE to Learn More About Our Partnership Opportunities.
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 for today's show, |
| 0:37.8 | Kevin Bup and Charles D. |
| 0:39.6 | Welcome guys and gals to the Mobile Home Park Academy's weekly podcast. |
| 0:43.7 | I'm your host Kevin Bup and I have a special treat that I'd like to share with you over the |
| 0:47.1 | coming weeks. |
| 0:48.1 | So instead of our normal weekly show routine, Charles and I are going to switch things up a bit by giving you 14 never |
| 0:54.4 | released before episodes documenting some of the biggest mistakes new investors |
| 0:58.8 | make when entering into this niche as well as how to avoid them. You see back when we started this |
| 1:03.8 | podcast in June of 2016 we had to plan to release two shows weekly. These two |
| 1:09.5 | shows would consist of our normal weekly show as well as a special release episode showcasing |
| 1:14.8 | each of the 21 biggest mistakes that we cover in our popular e-book which you can |
| 1:19.4 | download for free at our website mobile home park academy. But here's what happened. |
| 1:24.0 | We got off to a great start. |
| 1:26.0 | We got the first seven mistakes released, |
| 1:28.0 | but then as our show started taking off |
| 1:30.0 | and our business continued to grow, |
| 1:32.0 | we got sidetracked and never released the |
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