208: Buying 41 Units on Your First Deal + Mobile Home Park Investing with Jack Baczek

Most people begin their real estate investing with a small single family purchase. Some even start with a duplex or triplex. But today’s guest on the BiggerPockets Podcast skipped the intro phase and jumped right into a 41-unit property early in his 20s! Today, you’ll learn how Jack Baczek used a strategy not before mentioned on the podcast to invest in 41 units, as well as his transition to mobile home park investing (and why that niche ROCKS). Jack’s story is truly inspirational, and you’ll walk away from this interview inspired, entertained, and pumped up to take massive action on your own business! In This Episode We Cover:How Jack got started with real estateHow he stumbled upon what ended up his first deal at age 21What exactly a fractured condo isHow he found his first deal of 21 unitsHow he financed this huge dealA warning against hiring the wrong property managerHow having parents who invest in real estate affected himWhy he sold the 41-unit propertyWhy he made the shift to mobile home parksWhat a mobile home park deal looks likeReasons to invest in mobile home parksThe changes he made to the park to make it rent-readyWhy there’s a bad stigma on mobile parksWhy Jack fell in love with direct mail marketingThe downsides of owning a mobile home parkWhere is he now in terms of scaling his businessWhat an assignment fee isTips for trying to read the marketWhat the next five years look like for JackAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets PodcastBiggerPockets Keyword AlertsBP Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson LillyBP Podcast 195: Partners, College Town Rentals, & Mobile Home Parks with Rudy CurtlerBP Podcast 075: Mobile Home Investing and Getting Started With John Fedro 9LoopnetCraigsListDreamwork Trolls: Sing With UsBooks Mentioned in this ShowEmerging Real Estate Markets by David Lindahl30 Days of Successful Due Diligence on Mobile Home Parks by Frank Rolfe & Dave ReynoldsThe Intelligent Investor by Benjamin GrahamTweetable Topics:“I think having a good market is really important.” (Tweet This!)“I think it’s important to really focus on good deals with value add and upside.” (Tweet This!)“If you get a mediocre deal, chances are it could go sour. I’d rather try and find something that looks really promising.” (Tweet This!)Connect with JackJack’s BiggerPockets ProfileJack’s Website

Episode 208 of the BiggerPockets Real Estate Podcast podcast, hosted by BiggerPockets, titled "208: Buying 41 Units on Your First Deal + Mobile Home Park Investing with Jack Baczek" was published on January 5, 2017 and runs 55 minutes.

January 5, 2017 ·55m · BiggerPockets Real Estate Podcast

Summary

Most people begin their real estate investing with a small single family purchase. Some even start with a duplex or triplex. But today’s guest on the BiggerPockets Podcast skipped the intro phase and jumped right into a 41-unit property early in his 20s! Today, you’ll learn how Jack Baczek used a strategy not before mentioned on the podcast to invest in 41 units, as well as his transition to mobile home park investing (and why that niche ROCKS). Jack’s story is truly inspirational, and you’ll walk away from this interview inspired, entertained, and pumped up to take massive action on your own business! In This Episode We Cover: How Jack got started with real estate How he stumbled upon what ended up his first deal at age 21 What exactly a fractured condo is How he found his first deal of 21 units How he financed this huge deal A warning against hiring the wrong property manager How having parents who invest in real estate affected him Why he sold the 41-unit property Why he made the shift to mobile home parks What a mobile home park deal looks like Reasons to invest in mobile home parks The changes he made to the park to make it rent-ready Why there’s a bad stigma on mobile parks Why Jack fell in love with direct mail marketing The downsides of owning a mobile home park Where is he now in terms of scaling his business What an assignment fee is Tips for trying to read the market What the next five years look like for Jack And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast BiggerPockets Keyword Alerts BP Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly BP Podcast 195: Partners, College Town Rentals, & Mobile Home Parks with Rudy Curtler BP Podcast 075: Mobile Home Investing and Getting Started With John Fedro 9 Loopnet CraigsList Dreamwork Trolls: Sing With Us Books Mentioned in this Show Emerging Real Estate Markets by David Lindahl 30 Days of Successful Due Diligence on Mobile Home Parks by Frank Rolfe & Dave Reynolds The Intelligent Investor by Benjamin Graham Tweetable Topics: “I think having a good market is really important.” (Tweet This!) “I think it’s important to really focus on good deals with value add and upside.” (Tweet This!) “If you get a mediocre deal, chances are it could go sour. I’d rather try and find something that looks really promising.” (Tweet This!) Connect with Jack Jack’s BiggerPockets Profile Jack’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode Description