Herriman, UT · Member since 2016 · 12 posts · 1 vote
I've been doing a lot of reading and learning on the site about mobile home park investing and ownership over the last couple months and am now looking forward to getting into my first park. I'm 40 years old and looking to start actively investing in RE. I have a little money ready to invest but I'm looking for the right opportunity. My ultimate goal is recurring passive income. Looking forward to interacting with the community!
Check out the podcast "Real Estate Investing for Cash Flow" by Kevin Bupp.
It's a GOLDMINE of information for new MHP investors. I own a small (41 space) park and have actively run and managed it for 6 years now, but I still gained a ton of knowledge from Kevin.
Check out the podcast "Real Estate Investing for Cash Flow" by Kevin Bupp.
It's a GOLDMINE of information for new MHP investors. I own a small (41 space) park and have actively run and managed it for 6 years now, but I still gained a ton of knowledge from Kevin.
Hello @Derek Williams and welcome to BP. BP is a great place for REI. It has everything you need to learn from free online videos and courses to BP's very own podcast in itunes, you can't go wrong here! You came to the right place and I wish you all the best.
@Carl E. thanks for the tip. I'll start today. Is your park in Indiana? I'm looking at a park in northwest Indiana and would love to pick your brain about the market a bit.
Hi @Derek Williams I'm also looking to get into MHP investing. Are you planning on buying an existing park or developing one? Good luck and welcome to the BP community! Be sure to share when you find your first deal, I'd love to hear how it works out for you.
Hey @Carly Franklin, I'm planning on buying an existing one. I currently have things narrowed down to a couple parks that I think will be good purchases. Just trying to gather more info and market research before I make an offer. There's really nothing local that will work for me, so I've been looking at parks that are running fairly smoothly in other states with an on-site manager so I can maybe make a few on-site visits a year. I will share when I finalize things. Good luck in your efforts!
Big thanks for the plug on Kevin's show. Him and I are doing a mobile home park specific podcast starting in a week or two. Have a bunch of shows already recorded and we are including a lot of our unique practices into the show. I think you'll enjoy it quite a bit once our website guy gets everything setup for the launch.
No problem! Kevin's show is fantastic. FYI, if you type the "@" symbol then begin typing the poster's name that you want to mention (@Joel Comino, for instance), Bigger pockets will pull up the person in the thread you want to reply to and you can click on their name so BP will notify them that you mentioned them. Just a tip :)