Ep #8: Part 4 of The Biggest Mistake Investors Make When Purchasing their First Park and How to Avoid Them
The Mobile Home Park Investing Podcast - Real Estate Investing Niche
Kevin Bupp
4.9 • 1.1K Ratings
🗓️ 30 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 some of the pitfalls of owning a 100% rental park where the landlord owns all of the mobile homes. Although the revenues in this type of park can be quite exciting on paper, the actual process of running it can easily turn into your worst nightmare. Tune in to learn how to avoid being a victim.
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. |
| 0:39.6 | Welcome guys and gals to the Mobile Home Park Academy's |
| 0:42.2 | special series on the 21 biggest mistakes new investors |
| 0:45.7 | make when purchasing their first mobile home park and how you can avoid them. |
| 0:50.1 | I'm your host Kevin Bupp, along with my co-host and business partner Charles D. Hart. |
| 0:54.8 | Charles, tell our listeners about the big mistake we're going to be covering today. |
| 0:58.6 | Thanks Kevin. Big mistake number four is buying a rental only park park especially if it's weekly rentals. |
| 1:04.8 | And this is important because during your income evaluation you have to evaluate the reliability |
| 1:10.4 | of that income. |
| 1:11.4 | Yep, absolutely and I've only run across a few of these. of that |
| 1:15.0 | I've only run across a few of these Charles. I mean it's more common to find these parks |
| 1:18.0 | that have weekly rentals when they're smaller parks. I mean when I say smaller I mean you know less than 40 units in size and a lot of times what happens |
| 1:25.9 | with these parks how they end up transitioning into weekly rentals they |
| 1:28.9 | normally weren't they weren't built that way you know when they're built |
| 1:31.3 | 30 40 50 years ago what happens is the |
| 1:33.9 | mom-pop has this park it maybe it was just regular monthly rentals at some |
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