SPC096 - Interview - Kevin Bupp - Mobile home investing

Text “simple” to 314-665-1767 to get access to the Hui Google Drive files and the website/podcast via email.Text “deals” to 314-665-1767 to join the Hui Deal Pipeline Club and get in on the dealflow!Show notes:Mobile home investorHis business is not simple or passivedid no go from a career to REIStarted when was 19 years oldStarted buying SFHs and 2008 changed things and made Kevin RebuildMFH was not scaleableThen was introduced to mobile home parksEveryone should start smaller to learn about working with tenantsAnti turnkey rentals 1) based on comps 2) buying retailsCap rates are only important on the saleOnly look at cash on cash return (not IRR)used 35% expense ratioWork with the broker to come to a price - can you help me understand?MHP have 50/50 LP GP splits where MFH has a little high 70/30 split40K a year and under, people making 12-15 dollars an hourExcercise is the success tip Hosted on Acast. See acast.com/privacy for more information.