MHP #906: How To Rate the Quality of a Mobile Home Park

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 4 June 2025

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today's episode is from Mobile Home Park #122 that originally aired on Jan. 6, 2021.

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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Transcript

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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only material that I feel is still relevant today, but there's a chance you might find references that could be outdated
0:20.8	at present, such as website URLs. Thanks for tuning in, and now on to the show. Welcome to this
0:27.1	week's Mobile Home Park Investing Podcast that will teach you how to successfully invest in and build
0:32.6	steady streams of passive income from the highly lucrative niche of mobile home parks.
0:42.1	With decades of experience, Kevin Bup will personally share with you the valuable lessons he's learned along his journey so that you too can learn how to generate cash flow and
0:47.2	build legacy wealth for you and your family.
0:50.0	Now, without further ado, let's welcome your host for today's show, Kevin Bubb.
0:55.8	I'm your host, Kevin Bup, and at today's show, I'm joined by co-host, business partner and my good friend, Brian Spear.
1:01.8	Ryan, how's it going, buddy?
1:02.9	Life is good, Kev. How are you doing today, bud? warmer than you are. You're up to Chicago right now, but so I think I don't know if I'm doing better than
1:10.8	you, but I'm in a more pleasant environment, I guess. Yeah, fair enough. We're up here in Chicago,
1:15.7	and actually it is, it is frigid right now. As we record this, December 30th, it is extremely cold. While we did not
1:22.3	have a white Christmas, we did get a fair amount of snow yesterday. So it has been kind of nice.
1:28.1	I'm not going to lie.
1:29.8	You know, we were always down there in Florida.
1:32.8	I do prefer the warmer weather, no doubt about it.
1:37.8	But if I'm ever going to have a little bit of snow around the holidays, I can get behind that.
1:37.9	Right?
1:42.9	If I'm going to build some snowmen with nieces and nephews and just have some snowball fights, I can get behind that.
1:48.0	It's the holidays i'm good with that but i agree i agree with you man one year we're going to fly out and spend a white christmas somewhere out west i believe we have not done it yet but i think it'd be fun for
	...

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