RCRE - Mobile Home Park vs. Multi-family Investing with Peter Pratti

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

🗓️ 14 April 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Will Coleman and Mike Taravella interview Peter Pratti of Oliver Smith Realty & Development Company. . Key Information: Benefits Mobile Home Parks Less management required Tenants own and maintain rented space Less moveouts therefore less turnover As affordable housing options continue to be in short supply, mobile home parks continue to grow as an attractive asset class for investors. How to establish legitimacy with brokers: Highlight your experience and previous purchases Partner with someone with experience and high net worth Discuss your financial backing Pro Tip “Stay focused on one thing and you will eventually succeed” Contact Information: Cell: 865) 850-0679 To register to invest with us: https://jandg.activehosted.com/f/58 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	I couldn't outbid anybody in apartments when I was in apartments.
0:03.4	But for mobile home communities, yes, I will outbid many, many people for those communities
0:09.5	because I really believe in it.
0:11.3	Welcome to the RAND CRA show, commercial real estate with no stone left unturned.
0:20.8	Hey, everyone. Welcome to the RANDCRE show. I'm your host, Left unturned.
0:21.7	Hey, everyone.
0:23.7	Welcome to the RANDCRE show.
0:28.5	I'm your host, Mike Taravella, with my co-host, The Man, the Myth, the Legend.
0:29.1	Will Coleman.
0:30.7	Will, how are you in this beautiful day?
0:31.8	Doing well, Mike.
0:34.2	Just running the marathon one step at a time.
0:37.1	And we've got a local favorite on the show today.
0:38.6	We've got Pete Prattie.
0:44.8	He is a commercial broker specializing in multifamily assets as well as land acquisitions and dispositions. And he's one of the few brokers that as it owns a pretty sizable portfolio as well.
0:51.8	So it's always nice, someone who's selling it to also
0:55.1	understand the ownership aspect of it. So welcome to the show, Pete. Hey, thanks guys. Yeah,
0:59.9	knowing you for a while off camera, but never, never on camera yet. Now we're taking the relationship
1:05.7	to the next level. Exactly. But Pete, we'd love to kind of hear, you know, your start into multi-family and how it's
1:15.2	evolved into the next evolution of P2.0 and what you're investing in next. So how did you get started
1:21.7	with multifamily? I actually got started in multifamily after I had been in real estate for a little bit.
1:30.2	So, you know, a lot of folks now are kind of getting started in multifamily that have very little real estate experiences, which is fine.
	...

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