Ep #58: How to Assess the Risk When Purchasing a Park That Has Very Small Lots and Cannot Accommodate New Homes

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

🗓️ 1 April 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 13 from our popular eBook, “The 21 Biggest Mistakes Investors Make When purchasing their First Mobile Home Park…and how to avoid them.”

You can fix many things in a mobile home park, but the one thing you can’t fix is the size of your lots. There are many parks that were built many, many years ago when mobile homes were routinely 40-50’ in length with lots designed with that size of home in mind. The problem is that most newer post-HUD era homes are much larger (60’, 70’, and even 80’+ in length) and would never fit onto those smaller lots and there aren’t many options to purchase smaller homes should you need to replace on of these smaller 40 to 50’ homes.

It’s imperative that you understand what your backup plan is should you ever lose a home and need to reoccupy that empty lot. A lost home equals lost revenues and if that lot can never again be occupied due to it’s size then you might find yourself in a situation where you have a shrinking park on your hands. Know your options…

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 Bupp and Charles D.
0:39.3	Welcome guys and gals to the Mobile Home Park Academy's weekly podcast.
0:42.9	I'm your host Kevin Bob, in just in case you're tuning in for the very first time, I want to let
0:47.4	you know that today's episode is a little different from our normal weekly show.
0:51.7	But don't you worry, I'm still 100% positive that you'll
0:54.8	find a ton of value if mobile home park investing is what you came here to learn about.
1:00.0	You see many, many, many, many, many, many, many months ago, actually a little bit more than a year
1:04.9	and a half ago, to be exact, Charles and I, we created 21 special release episodes showcasing
1:10.7	the 21 biggest mistakes that we see new investors make when entering into the mobile home park business
1:16.4	and our original intent was to release one episode per week in addition to our normal weekly segment.
1:22.0	But sadly, we got sidetracked and we only ever released the first seven shows.
1:26.8	In fact, you can actually go back and listen to these first seven mistakes by going and listening to
1:31.6	episodes number two four six eight
1:34.8	ten twelve and fourteen on our podcast and I would actually suggest that you do that if
1:39.0	you haven't done so already and so as a special treat we're actually going to be
1:42.4	posting two to three episodes each and every week until we get all 21 of them out.
	...

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