12 December 2020 | 10 replies
(if you are in the right market).2) The ability to buy cheap from moms and pops with huge room for upside in rent increases and occupancy increases.3) The ability to obtain seller financing (which is what got me into the business to begin with).4) The huge underlying value in being in an industry that has not allowed new construction since the 1970s.5) The low management intensity when you are just renting land.6) The only remaining sector of real estate in the U.S. where you can hit 20%+ cash-on-cash returns if you are smart.7) The win/win business model of bringing old mobile home parks back to life.8) The beauty of being in a business sector that is on the right side of every American megatrend.But there are also the following drawbacks:1) Suffering through a huge negative stigma that makes you embarrassed to even tell people what you do sometimes.2) Suffering through some city halls that hate mobile home parks and everyone associated with them.3) Suffering through media that assumes that anyone who owns a mobile home park is therefore evil no matter what you do.4) High levels of risk (and almost certain failure) if you do not conduct good due diligence.5) The endless risk of private utilities unless properly vetted.6) Learning to adapt to the customer base and being a good landlord that gets the job done in a friendly way.7) Not getting involved in the hysteria of some markets that offer little in the areas of returns or safety.I cannot emphasize enough that this is not a get rich quick scheme, but a get rich slow scheme.
2 February 2025 | 9 replies
I do emphasize on showing that my 1800 property is not going to magically become modern.
30 June 2021 | 15 replies
Again I emphasize this is for guys who want to create passive income overtime there will be short term pain.
9 February 2025 | 3 replies
If you're dead set on that path then I would recommend getting a google meet with the person and give them as many advantages they have to using you as opposed to a property manager ex: guaranteed rent, more exposure, and less fees (use chat GPT to get a good list).I would emphasize the fact that it is much easier to get rent, and there is less risk to them in the sense of cash flow.
15 February 2025 | 14 replies
Every great multifamily investor I’ve spoken with emphasizes this skill, and I see why.On the other hand, underwriting can be time-consuming and prone to human error.
26 June 2024 | 22 replies
He is huge on giving his connections to his students and emphasizing that this business is a team sport.
17 February 2025 | 40 replies
I joined RaiseMasters with this mindset and have been totally blown away with the information I have been able to receive, not only from Hunter, Adam and Cam, but the support and openness from the team has been stellar.They truly have created an environment that emphasizes collaboration.
1 September 2016 | 10 replies
I went to college back when it was affordable, not that it is mandatory, and I got a degree in business that emphasized real estate.
7 December 2019 | 7 replies
I can’t emphasize this point enough.
20 May 2024 | 88 replies
For those that don't have experience with an LLC, I can't emphasize this point enough - you can NOT co-mingle your personal and LLC holdings whatsoever, otherwise your LLC could be worthless if a lawsuit were to occur.