RCRE - Cracking Mobile Home Parks with Ekatarina Stepanova

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Smartinvesting, Buyingrealestate, Investing, Multifamilyrealestateinvesting, Business, Investingsmart, Apartmentinvesting, Management, Makingmoney, Realestateinvesting, Cashflow, Jakeandgino, Realestateinvestment, Commercialrealestateinvesting, Buyingapartmentbuildings, Entrepreneurship

4.9 • 842 Ratings

🗓️ 15 July 2020

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Will Coleman and Mike Taravella interview Ekatarina Stepanova of M2K Partners. Key Information: Mobile home parks are divided into lots which have homes owned by either the park or the tenants. Mobile homes are considered personal property and not real estate. When underwriting mobile home parks, only underwrite the lots and do not include the homes. Banks typically do not lend on homes in parks because of their rapid depreciation. Look to optimize the infrastructure in the park: septic tanks, clubhouse, roads. If possible utilize the city in regards to sewer, water, and electricity. Good Resource: the Mobile Home Park University website Expert Pro Tip: “Complete 3 Important Tasks Each Day!” Contact Information: MHP Tribe - facebook group Mhpteam.com To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre

Transcript

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0:00.0	Welcome to the RANCRE show, commercial real estate with no stone left unturned.
0:10.0	Hey everyone, welcome to the RANCRE show. I'm your host, Mike Tarvella, and happy to be with my co-host, Will Coleman. How's it going, Will?
0:18.0	Well, Mike, just running the marathon one step at a time. And I noticed we both are wearing college polos today.
0:23.6	I don't know if we plan that.
0:24.6	It's College Friday here in the office, now that we can come to an office.
0:28.6	Yeah, doing great, Mike.
0:30.6	So, super excited to have our guest on.
0:33.6	She's probably one of the hardest people I know working.
0:35.6	So, Will, how about you?
0:36.6	Let's do an intro for her
0:38.2	sure so today on the show we have catarina stepanova i hope i'm saying that uh correctly i got a thumbs
0:45.2	up so i'll go with it um but catarina is kind of my go-to person for mobile home parks um she's got
0:52.4	uh just over 181 lots of unowned. She's a partner of M2K partners. The website is
0:59.7	fantastic, so I'd recommend checking that out. And like I said, anytime I have a question about
1:03.5	mobile home parks, I call E-Kat Arena. So welcome to the show. Hey, guys. Thank you very much for
1:09.9	having me. Glad to be here. So mobile home Thank you very much for having me.
1:11.7	Glad to be here.
1:14.0	So mobile home parks.
1:15.9	I feel like that's an interesting story.
1:16.8	I read your bio.
1:22.9	So I'd love to hear kind of the evolution of your investing to career going from your start to where you are today.
1:24.6	Sure.
	...

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