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The Mobile Home Park Investing Podcast - Real Estate Investing Niche

Ep #6: Part 3 of The Biggest Mistake Investors Make When Buying Their First Park...and How to Avoid Them

The Mobile Home Park Investing Podcast - Real Estate Investing Niche

Kevin Bupp

Business, Investing

4.91.1K Ratings

🗓️ 24 June 2016

⏱️ 8 minutes

🧾️ Download transcript

Summary

Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will discuss mistake number 3 from our popular eBook, "The 21 Biggest Mistakes Investors Make When purchasing their First Mobile Home Park…and how to avoid them." This episode will cover why it is important to always get a complete handle on the current revenue of a property. This mistake is vitally important to avoid because you don't want to buy a revenue stream that just isn't there.

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 for today's show,

0:37.8

Kevin Bupp and Charles D. Hart.

0:39.8

Welcome guys and gals to the Mobile Home Park Academy's

0:42.4

special series on the 21 biggest mistakes

0:45.2

new investors make when purchasing the first mobile home park and how you can avoid them.

0:49.8

I'm your host Kevin Bupp along with my co-host and business partner, Charles D. Hart. Charles Tarot listeners host the vast majority of the tenant base is behind their rent and then not adjusting your

1:04.1

projected revenues accordingly.

1:06.4

And this is an important topic because at the end of the day what you're buying with a mobile

1:10.1

home park is a revenue stream.

1:11.9

Okay.

1:13.0

And how do we identify these issues?

1:15.0

I mean, we get a marketing package or a rent roll from a seller or a broker and it shows that,

1:20.0

you know, there's a certain number of tenants in there it shows what their monthly

1:22.9

rent is and let's assume that it shows that they're paying on time how do we uncover if there's

1:28.8

you know rolling balances and things of that nature well a lot of times of times there's basically two ways you can spot this in a marketing

1:36.5

package is you can go to the rent roll first and a lot of times there'll be a tenant

1:40.6

history there where there'll be some kind of balance that shows maybe a

...

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