How to be successful at mobile home park investing...

Ken McElroy Show

Ken McElroy

Business, Investing, Education, Business News, News

4.8 • 692 Ratings

🗓️ 4 March 2020

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join Ken as he talks with Mike Ayala about his experience as a manager and investor in the mobile home park space.Mike is a Managing Member of Four Peaks Capital Partners. He oversees the operations, management teams, construction, and human resources. He also co-directs the overall investment strategy along with Andrew Lanoie. He has over 20 years of experience in building teams and streamlining operations.Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If we go into a market where the apartments are 1,200, we want to be two.
0:05.0	We want our apartment rents to be two to three times our lot rent.
0:07.8	Okay.
0:08.3	So we're definitely in the affordable housing space.
0:10.3	And so we don't go overboard on the amenities.
0:12.0	There's no pools.
0:12.6	There's no community centers.
0:13.7	This is just a place for families to live and affordable housing.
0:18.6	Welcome to the Real Estate Strategies podcast.
0:21.5	I'm Ken McRoy, and I'm here to give you creative ideas on how you can get started
0:25.9	or continue your journey in real estate.
0:28.2	Each week, we will bring you inspiring and informative conversations with successful people
0:33.5	and their path to obtaining or investing in real estate.
0:37.4	Enjoy the episode.
0:40.5	So welcome again.
0:42.1	It's Ken McElawood with Real Estate Strategies.
0:44.7	I'm here with Mike I'll.
0:45.8	Hey, Mike.
0:46.3	Hey, Ken.
0:46.6	And Fort Peaks Capital.
0:48.5	And they invest in mobile home communities.
0:51.4	I was excited to have him on.
	...

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