MHP #942: How '08 Led to One's Discovery of MHP Investing
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.8 • 679 Ratings
🗓️ 3 September 2025
⏱️ 35 minutes
🧾️ Download transcript
Summary
Today's episode is from Mobile Home Park #99 that originally aired on Oct. 30 2018.
Kevin shares the mic with Andrew Lanoie; Founder and Principal of Park Place Communities and Four Peaks Partners based in Scottsdale, Arizona.
Andrew's background is markedly different from most investors, originally holding a career in artist management in the entertainment industry of SoCal.
After the 2008 financial meltdown and seeing his parents lose significant wealth however, Andrew began to seek answers to why this happened to better shield himself from future events.
Andrew now manages a portfolio of manufactured home communities across the country, and is passionate about fostering a team around Park Place Communities and Four Peaks.
HIGHLIGHTS:
[7:18] At what point did Andrew get interested specifically in Manufactured Home Communities?
[9:59] What have been the biggest changes Andrew has observed in the MHP market?
[17:05] What was Andrew's first MHP deal like?
[21:52] What is Andrew's thoughts on Park Owned Homes?
[32:14] What's Andrew's long-term strategy?
[35:31] Andrew's final closing thoughts.
Recommended Resources:
- Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!
- If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.
- Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.
- Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.
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 |
| 0:28.1 | week's Mobile Home Park Investing Podcast that will teach you how to successfully invest in and build |
| 0:33.6 | steady streams of passive income from the highly lucrative niche of mobile |
| 0:37.5 | home parks with decades of experience Kevin Bup will personally share with you |
| 0:42.0 | the valuable lessons he's learned along his journey so that you too can learn how |
| 0:46.5 | to generate cash flow and build legacy wealth for you and your family now |
| 0:51.2 | without further ado let's welcome your host for today's show, Kevin Bubb. |
| 0:57.2 | Hi, my host, Kevin Bup, and today's show, we're going to be speaking with mobile home park |
| 1:00.2 | investor, Angela Noi. Andrew is a principal at Park Place communities, a national real estate |
| 1:05.7 | management company focused on affordable and manufactured housing. Their team takes a hands-on |
| 1:10.8 | approach to the business |
| 1:11.8 | and controls every aspect of park operations from hiring local managers and maintenance to overseeing |
| 1:17.5 | the sales and leasing process and everything in between. They take great pride in creating |
| 1:21.7 | and implementing systems and processes to manage and control their communities efficiently |
| 1:25.6 | while still keeping an eye on the bottom line. They currently operate communities in 12 states and are adding to that number each and every year. All righty. So without further ado, I'd like to welcome our guest for today's show, Andrew Lanoi. Andrew, how are you doing today, my friend? Hey, Kevin. I'm good. How are you doing? Oh, doing great, man. Thanks for joining us. |
| 1:44.5 | And to give our listeners a sense of geography, where are we calling you at today? Where are you based out of? So I'm based in. I live in Scottsdale, Scottsdale, Arizona, and in our offices in Gilbert, which is kind of the southern part of the Phoenix Arizona market. Okay, okay, fantastic. Well, Andrew, I know that you've been in this space for a number of years. |
| 1:43.5 | Now, we've been in about the same period of time. And so for those that are actually probably industry, you probably heard of Andrew or his company. But for those that don't know too much about you, Andrew, have never heard of your name, why don't you take a few minutes and give us a little background of yourself because you haven't always been in the mobile home park space. In fact, you got a very interesting background story |
| 2:21.2 | that will probably shock a lot of folks. And so I'd love if you would maybe tell a little bit of your |
| 2:24.6 | background, your story and how you got into the space. Yeah, absolutely. So essentially, I was in Los Angeles. |
... |
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