Ep #55: Dealing With a Sellers Inaccurate Repairs and Maintenance Numbers and How To Avoid From Being Misled by Them

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

🗓️ 25 March 2017

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will discuss mistake number 10 from our popular eBook, “The 21 Biggest Mistakes Investors Make When purchasing their First Mobile Home Park…and how to avoid them.”

We have all heard the phrase, “Use the seller’s numbers” time and time again. This works great when you notice a seller is paying twice as much as they should for management or when your seller is paying for a utility you plan to pass through. However, this can quickly go awry when talking about repairs and maintenance, especially when the numbers are understated.

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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 for today's show,
0:37.8	Kevin Bupp and Charles D. Hart.
0:39.7	Welcome guys and gals to the Mobile Home Park Academy's weekly podcast. I'm your host Kevin Bob
0:44.4	and just in case you're tuning in for the very first time I want to let you know
0:47.9	that today's episode is a little different from our normal weekly show but
0:51.8	don't you worry I'm still 100% positive that you'll find a
0:55.5	ton of value if mobile home park investing is what you came here to learn about you see
1:00.6	many many many many many many months ago actually a little bit more than a year
1:05.0	and a half ago, to be exact, Charles and I, we created 21 special release episodes showcasing
1:10.9	the 21 biggest mistakes that we see new investors make when entering
1:14.9	into the mobile home park business and our original intent was to release one
1:18.8	episode per week in addition to our normal weekly segment but But sadly, we got sidetracked,
1:24.0	and we only ever released the first seven shows.
1:27.0	In fact, you can actually go back and listen to these first seven mistakes
1:30.0	by going and listening to episodes number two four six eight
1:34.4	ten twelve and fourteen on our podcast and I would actually suggest that you do
1:38.8	that if you haven't done so already and so as a special treat we're actually going
	...

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