4.9 • 675 Ratings
🗓️ 22 May 2024
⏱️ 39 minutes
🧾️ Download transcript
Today's episode is from Mobile Home Park #122 that originally aired on Jan. 20, 2021.
In this episode, we discuss the practice in grading mobile home parks with the "star" rating (usually one to five stars), which exists for no other type of commercial real estate.
What makes this interesting is that almost no one who uses the rating knows what it means or where it comes from. Ask a broker, lender, or even large corporate operators what the difference is between a three-star and a five-star park, and you will likely get a muddled response referring to amenities, paved streets, or swimming pools, but no hard data about how the stars are assigned or who does it.
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0:00.0 | Hey guys, Kevin Bup here. Just wanted to make a quick announcement about our Wednesday Mobile Home Park show that you're about to listen to. |
0:06.4 | These Wednesday episodes are in collaboration with my other podcast, the Mobile Home Park Investing Podcast, many of which were recorded a few years ago. |
0:14.1 | I've carefully hand-selected only material that I feel is still relevant today, but there's a chance you might find references that could be outdated |
0:20.9 | at present, such as website URLs. Thanks for tuning in, and now on to the show. |
0:27.2 | Welcome to this week's Mobile Home Park Investing Podcast that will teach you how to successfully |
0:32.1 | invest in and build steady streams of passive income from the highly lucrative niche of mobile home parks. |
0:38.8 | With decades of experience, |
0:40.5 | Kevin Bup will personally share with you |
0:42.3 | the valuable lessons he's learned along his journey |
0:45.0 | so that you too can learn how to generate cash flow |
0:48.0 | and build legacy wealth for you and your family. |
0:51.1 | Now, without further ado, |
0:53.0 | let's welcome your host for today's show, Kevin |
0:56.0 | Bubb. Welcome guys and gals to the Mobile Home Park Academy's weekly podcast where we'll provide all |
1:01.3 | the information that you need to know to successfully locate, negotiate, close on, and make |
1:06.4 | huge profits from a lucrative niche of mobile home park investing. I'm your host Kevin Bup and |
1:10.4 | in today's show, I'm joined by co-host, business partner and |
1:13.7 | my good friend, Brian Speer. |
1:15.4 | Brian, how's it going, buddy? |
1:16.5 | Life is good, Kev. |
1:17.3 | How you doing today, bud? |
1:18.4 | I'm good, man. |
... |
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