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Ken McElroy Show

Investing in Affordable Housing | Real Estate coaching & investing with Ken McElroy

Ken McElroy Show

Ken McElroy

Business, Investing, Education, Business News, News

4.8692 Ratings

🗓️ 9 December 2020

⏱️ 26 minutes

🧾️ Download transcript

Summary

To join Ken's newsletter follow this link: https://www.kenmcelroy.com/newsletterJoin Ken McElroy as he talks with Mike Ayala and Andrew Lanoie from Four Peaks Capital Partners (https://www.fourpeakspartners.com/) as they talk about mobile home investors are ahead of the curve on the affordable housing issue.Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Real Estate Strategies Podcast. I'm Ken McRoy and I'm here to give you creative ideas

0:06.8

on how you can get started or continue your journey in real estate. Each week we will bring you

0:12.3

inspiring and informative conversations with successful people and their path to obtaining

0:17.6

or investing in real estate. Enjoy the episode.

0:24.4

Hey guys, it's Ken McElroy here and I'm here with my good friends, Mike and Andrew,

0:29.1

from Four Peaks partners and their operating company is called Park Place Communities.

0:35.0

And they have manufactured housing communities in 13 states. Welcome,

0:39.1

guys. Thanks, Ken. Glad to be here. So we're going to be talking about affordable housing, and this is the

0:45.8

topic, guys. I'm telling you what, if you guys haven't figured out workforce housing, affordable

0:50.7

housing is the future. It's going to be a thing. Rent control has already been

0:56.8

introduced in a number of areas. We have a lot of people that are facing eviction. We have people

1:03.6

that are facing forbearance. We have people that are facing unemployment. And we don't really

1:09.0

know what's going to happen next. And what they're going to do, as Mike has said, they're scrappy.

1:15.0

People figure stuff out.

1:16.6

And the first thing that they do is figure out how to get their housing costs down and in a safe area.

1:23.6

And so I think this is something that you're really going to need to pay attention to because this is, this topic is really the future of affordable housing.

1:32.9

So welcome, guys.

1:34.1

Thanks for having us again.

1:35.3

Why don't you just tell everybody a little bit about your company and the industry that you guys are in so they can resonate with where we're heading with this?

1:41.9

Yeah, so we own and operates about 35 mobile home communities in about 13 states.

1:49.5

Mike's been in the industry.

1:51.2

He and his wife started buying parks back in 2007, and we've been doing this as a company

...

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