JF3315: Derek Vickers - From Insurance Sales to Mobile Home Parks: How This Investor Built a $100 Million Portfolio in Two Years

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 2 October 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Derek Vickers shares his journey from manual labor jobs to dominating the mobile home park space. Join us as Derek dives deep into his experiences, shedding light on the pitfalls to avoid, the importance of systems, and the transformative power of hiring right in the commercial real estate realm. Key Takeaways: The Pitfalls of Rapid Growth: Derek emphasizes the dangers of growing too fast in commercial real estate. Without the right systems in place, it's easy to lose money and find oneself overwhelmed. Preparing and scaling responsibly is paramount to sustainable success. The Power of Systems and Processes: Derek's experience highlights the importance of establishing robust systems early on. From noting step-by-step processes to ensuring checks and balances for managerial roles, these systems can save investors from significant losses. Overcoming Limiting Beliefs in Hiring: Hiring the right team can make or break your real estate business. Derek's initial hesitations about bringing in help, rooted in limiting beliefs, later transformed into an understanding of the invaluable role a supportive team plays. Especially when scaling, the right hires can be game-changers. Derek Vickers | Real Estate Background CEO of Vicktory Investments and Owner of Park Investing Pros Portfolio: 1,926 mobile home park pads Based in: Orlando, FL Say hi to him at: Free Checklist: How to Structure Your First MHP Investment The MHP Show Best Ever Book: Zeckendorf by William Zeckendorf Greatest Lesson: Don’t grow too quickly. Establish systems and processes along the way, so you can handle the growth when you do decide to scale. Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Did you know that within a decade women will hold $30 trillion in investable assets?
0:05.3	Yet somehow only 19% of women reported feeling confident in selecting investments that align
0:11.0	with their long-term goals. Our friends at Invest Her are out to change. that and it's happening June 2nd through the 4th in Austin Texas.
0:23.0	InvestHircon is not just another real estate conference.
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0:31.0	business strategies, and self-care tactics, all designed to help women take
0:35.5	control of their financial futures. Gain the knowledge and skills you need to grow
0:40.0	your portfolio and build a sustainable business all while connecting with over 500 women who are playing at the same level.
0:48.0	To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.
0:57.0	That's Invest Her, H-E-R-K-D-K-K-G-K-K-K-K-K-K-K-K-K-K-Kom, promo code 100 best ever to get $100 off your ticket.
1:05.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for
1:09.0	informational purposes only and should not be construed as an offer to buy or sell any securities or to make or
1:15.6	consider any investment or course of action.
1:18.8	For more information go to best ever show.com.
1:21.8	We had some other managers that worked on site, but we didn't have really that person to back me up.
1:28.5	For me to be able to manage what was going on in the property and also set the systems up in the background.
1:34.1	So I'm telling you guys, I cannot stress that enough.
1:36.8	If you got to pay someone 50 grand, do it.
1:40.4	Especially if you're planning on scaling.
1:42.1	Welcome to the best ever show,
1:44.0	the world's longest running daily commercial real estate podcast.
1:47.0	Our hosts interview commercial real estate experts every day
	...

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