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The Best Ever CRE Show

JF3741: Mobile Home Park Value-Add Deal Deep Dive: Turning a $1.3M Contract into a $650K Purchase ft. Amanda Cruise

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7996 Ratings

🗓️ 1 December 2024

⏱️ 25 minutes

🧾️ Download transcript

Summary

Ash Patel and Amanda Cruz discuss Amanda's recent acquisition of a mobile home park, detailing the challenges and strategies involved in the deal. They explore the negotiation process, financial insights, and the importance of understanding property dynamics. Amanda shares her experiences with the previous owner, the slumlord, and how they navigated the complexities of the deal. The conversation also touches on funding strategies, lessons learned, and future plans for the property. Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I'm a pretty avid runner. And recently, my foot had been bothering me for running so much.

0:06.1

Then, my friends at Ultra Running sent me a pair of shoes to try. I got the experience

0:11.3

flow, which is a road running shoe, and I can't tell you how surprised I am with how comfortable

0:17.1

these shoes are. My foot pain is gone, and running has never been more enjoyable.

0:22.7

The thing with Ultra is that every pair has a roomy toebox, and I could immediately tell a

0:27.7

difference. My feet aren't crammed in or squished. They're super comfortable.

0:32.8

Ultra also makes their shoes zero to low drop, which basically means your heel isn't elevated off the ground

0:38.7

like some other shoes, which is great for enhanced balance and keeping your feet in a more

0:43.8

natural position. It's all-day comfort that you really do need to feel to believe. And right now,

0:50.1

you can try a pair risk-free with a free 30-day trial. So try them out, and if they're not for you, send them back for a full refund.

0:58.7

Just head over to ultrarrunning.com and find your new favorite pair of shoes today.

1:03.4

That's A-L-T-R-A-R-A-R-R-Ning.com.

1:07.4

Stay out there with Ultra.

1:09.3

Quick disclaimer, the views and opinions expressed in this podcast are provided for informational

1:13.9

purposes only and should not be construed as an offer to buy or sell any securities or to make

1:19.7

or consider any investment or course of action.

1:23.0

For more information, go to best ever show.com.

1:26.1

We have floor plan lines with 21st and triad, which are two chattel lenders.

1:31.3

So basically you have to pay for the setup.

1:33.5

They pay for the home.

1:34.9

So you bring it in, you get it set up, and you rent it or sell it.

1:38.7

And then you recoup your money that way.

...

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