Fortune in Mobile Hoooooooooomes!!! episode artwork

EPISODE · Sep 19, 2023 · 18 MIN

Fortune in Mobile Hoooooooooomes!!!

from Syndication Made Easy with Vinney (Smile) Chopra

0:00 - Introduction 1:35 - Andrew's background - started flipping houses, then got into mobile homes 3:42 - Transition from wholesaling to mobile home investing - needed some cash flow first 4:12 - Pitfalls and learning experiences in mobile home investing 5:07 - Importance of having expenses covered before going all in 5:44 - Financing and loan-to-value for mobile home parks 7:05 - Typical LTV is around 75% 7:28 - Insurance considerations for mobile home parks 7:49 - Don't insure the homes, focus on liability and income insurance 8:44 - Targeting Midwest markets that cash flow well 9:09 - Finding deals through cold calling mobile home park owners 9:58 - Over 250,000 cold calls last year to find deals 11:04 - Increasing NOI through adding vacant home/lot inventory 12:23 - Manufactured housing quality and amenities have improved 13:05 - Getting educated through Mobile Home University bootcamp 14:28 - Mindset shift needed on manufactured housing stigma 15:13 - Big private equity groups investing in the space 17:02 - Recommended books - Rich Dad Poor Dad and Founders podcast 17:14 - Contact Andrew at keelteam.com 18:04 - Closing thoughts   In this episode, Vinney Chopra 👔 interviews Andrew Keel 💼, a successful real estate entrepreneur who specializes in mobile home parks. Andrew shares 🗣️ his journey from wholesaling houses to buying individual mobile homes and eventually acquiring full parks.   Some key insights Andrew provides: - The importance of having some cash flow before quitting your job to pursue real estate full time 💵 - How financing works and loan-to-value percentages for mobile home parks 🏠 - Tips for finding "mom and pop" park owners ready to sell through cold calling and direct mailing 📞✉️ - The upside of investing in the Midwest vs other regions 📈 - Attending the Mobile Home University bootcamp to learn the infrastructure before buying 👷‍♂️   If you want to learn more about getting started in the rapidly growing mobile home park niche, this is a must-listen episode! 🚀   #mobilehomeparks #affordablehousing #passiveincome #multifamily #coldcallingtips #realestateinvesting

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Fortune in Mobile Hoooooooooomes!!!

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How long is this episode of Syndication Made Easy with Vinney (Smile) Chopra?

This episode is 18 minutes long.

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This episode was published on September 19, 2023.

What is this episode about?

0:00 - Introduction 1:35 - Andrew's background - started flipping houses, then got into mobile homes 3:42 - Transition from wholesaling to mobile home investing - needed some cash flow first 4:12 - Pitfalls and learning experiences in...

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