JF1686: Finding Partners & Buying The First Mobile Home Park with Ryan Groene

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 15 April 2019

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ryan recently partnered up with some people and bought their first mobile home park. We’ll hear all about how he found the partners, how they structure the agreement, and how they defined the roles. Beyond the partnership, Ryan and Joe will dive into the deal itself so we can hear about an asset class that we don’t typically hear about on this podcast. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “In the mobile home business, you have to bring in the homes” - Ryan Groene Ryan Groene Real Estate Background: Now a full time Mobile Home Park Owner and Operator that has honed his skills over the last 3 years while working full time in Finance Oversees 8 parks spread across 500 spaces Based in Cleveland, OH Say hi to him at ryan.groene55ATgmail.com Best Ever Book: Capital Gains by Chip Gaines How great would It be to buy a piece of institutional-quality, income-producing commercial buildings? Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it! Start investing with as little as $500 at https://www.buybits.us/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:05.0	We roughly hit about anywhere from 70 to 90% of our overall water bill that we get by sub-metering.
1:12.8	So that's how we increase profitability because we reduce our expenses from the water
1:17.6	sewer, which is probably the number one biggest expense when it comes to running a property.
1:23.0	How great would it be to buy a piece of institutional quality income-producing commercial
1:27.3	buildings?
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1:34.6	it's not a reet or a fund. Building Bits is a new platform for non-accredited
1:35.3	investors where virtually anyone regardless of income can select a building
1:39.1	lease to a major corporation with a guaranteed long-term lease.
1:43.5	You can now invest in the same quality assets which have previously only been available
1:47.8	to institutions and wealthy individuals.
	...

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