How to Scale Fast and Connect Opportunity
Learn how a music industry talent agent pivoted to a career as a fulltime real estate investor.
Andrew Lanoie pops the hood on the business of investing in mobile home parks and manufactured homes. After leaving his job as a music industry talent agent, Andrew committed to a new career as a full time real estate investor. He quickly learned the importance of affordable housing, focused his attention on mobile home parks and worked on building his business Park Place Communities.
Diligent research led Andrew to the Dallas, Texas real estate market where he jumped into single family home investing. He quickly expanded his business to Memphis, Tennessee and then Atlanta, Georgia. Andrew shares his method for how he researches new markets, builds amazing teams and deals with the tight timelines associated within his niche market.
Five Key Points:
- The overall competition, whether it’s on a sporting field or performing music on a stage, are both businesses and so is real estate.
- Identify the market first and build your team second.
- When you’re investing out of state the most critical player is your property manager
- Choose what you’re going to do and become an expert in it. Then surround yourself with other people who are doing it successfully.
- When working with other investors, you’re working with other people’s money, which adds an additional layer of pressure.
Favorite book: Scrum by Jeff Sutherland.
You can find out more about Park Place Communities at www.ParkPlaceCommunities.com and become even more informed mobile home park investing at their educational website, www.MobileHomeInvestors.com.
Thank you, Andrew, for taking the time to share your story with us.
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Invest well,
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