Real Deals: The Biggest Mobile Home Community We’ve Ever Bought

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

Business, Investing, Education

4.8 • 679 Ratings

🗓️ 1 June 2026

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

No matter how much you underwrite, budget, plan, and strategize, nothing ever goes exactly to plan. On our biggest mobile home park investment yet (700+ lots), we thought we had accounted for every obstacle that could have been thrown our way—boy, were we wrong. But with the right team, tactics, and pivots, we turned what many would have given up on into a property with close to $3M in annual NOI—and even more room to grow. Welcome back to another case study episode, where I’m sharing real deals we’ve taken down at Sunrise Capital Investors, giving you an under-the-hood look at what went wrong, what went right, the real returns, and the money we spent. This time, we’re in Fort Wayne, Indiana, taking a look at Ridgebrook Hills mobile home park, a community of over 700 lots, hundreds of residents, and huge infrastructure. What was supposed to be a homerun from the start turned into a steady stream of challenges for multiple years, but ended up being a rock-solid property we’re proud to own with huge upside. I’m sharing all the challenges, budgets, and real return numbers in this episode so you can dodge some of the headwinds we hit along the journey. Insights from today’s episode: How we landed a massive mobile home park by being disciplined when others were on buying sprees The real NOI numbers from this hugely improved mobile home park investment The upside and value-add potential you can unlock with mismanaged mobile home parks The staffing disaster that almost brought this deal to a halt (on day three!) An expense many investors overlook (we did!) that can cost you six-figures per year The one thing that saved this deal (every investor or investment team needs this) — Check Out our Free Guide on Investing in Mobile Home Parks! Full Ridgebrook Hills MHP Case Study Real Deals: A $10M Win by Taking on This “Complex” Parking Garage Deal | Ep. 985 Recommended Resources: Accredited Investors, you’re invited to Join the Cash Flow 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

Click on a timestamp to play from that location

0:00.0	no matter what, whether you're a real estate guy, business guy, anything, your entrepreneur,
0:03.9	like you're going to have a lot of adversity and you better learn how to lean into it.
0:07.7	You can build the best underwriting model in the world.
0:09.7	You can stress test the deal.
0:11.1	You can review the rent rolls, walk the property, interview the management team, review
0:15.1	P&Ls, pressure test all your assumptions that you've made.
0:18.0	You can do all that.
0:18.8	You should.
0:19.5	We do.
0:20.0	We always do that nothing
0:21.4	ever goes exactly as planned nothing at all i've never had anything go exactly as planned this is not
0:26.3	your average mobile home park it's it's not even close our average mobile home community is
0:30.5	typically somewhere between 100 and 150 sites in total size this one ridge book hill is a 738
0:36.5	sites so basically a small city,
0:39.2	substantially larger than our typical deal, and so a lot of the challenges we had were simply
0:43.2	magnified. If you've listened to the recent case study that I did on the Spectrum Garage
0:47.7	in Charlotte, then you already know a little bit about the spirit behind the series, and I'd like
0:51.7	to take you behind the curtain and walk you through actual
0:54.5	deals that we own here at Sunrise Capital Investors. I want to give you the real deal,
0:59.0	the real story, how we found the deal, why we got excited about it, what we thought would
1:02.9	happen, what actually happened. We're going to be talking about Ridgebrook Hills. It's a
1:06.6	738 site mobile home community located in Fort Wayne, Indiana. Now, before I jump into the specifics
	...

Transcript will be available on the free plan in 23 days. Upgrade to see the full transcript now.

Previous episode

Disclaimer: The podcast and artwork embedded on this page are from Kevin Bupp, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Kevin Bupp and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.