Value Investing with Ryan Smith | EP56

Ryan Smith is a Principal of Elevation Capital Group bringing more than 15 years of extensive business experience in market evaluation, property analysis, management systems, due diligence and finance. He focuses on mobile home parks, has a computer science programming background. In this episode we talked about: How Ryan got started in real estate The transition from single family homes to mobile home parks Manufactured houses Fundamentals of the storage business Outlook for 2021 Investment vehicles and funds Ryan’s Investment philosophy Distribution of risks Real Estate Market outlook Fiscal and Monetary policy Ryan’s view of mentorship Useful links: https://elevation.com Transcript Jesse (0s): Welcome to the working capital real estate podcast. My name is Jesse Fragale. And on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. Gentlemen, you're listening to working capital the real estate podcast as usual special guests today. Ryan Smith, Brian is the principal of elevation capital group bringing more than 15 years of extensive business experience in market evaluation, property analysis, management system, due diligence and finance.  And just, if you, if you've heard of him before big focus on mobile home parks and kind of an interesting story in, in his beginnings that we'll talk about today coming from kind of a computer science or programming background. So without further ado, Ryan, how's it going?  Ryan (56s): And I don't go well. It's good to, good to be here  Jesse (59s): Right on. So you're, you're joining us from Orlando today. That's right. That's correct. Awesome. I feel like we're just starting to get our first little bit of sun. So golfing is a, is now in full, full effect up here. So it's, it looks like we're moving in the right direction.  Ryan (1m 16s): It's great. Well, come on down. We've got no shortage of sign down here.  Jesse (1m 20s): Yeah, actually, it's funny. You mentioned that we're actually looking at a couple properties right now in, in and around the Orlando area. So I'd like to come down sooner rather than later. I think I still have a ticket to Miami that's a year and a half old that I'm gonna have to redeem with this pandemic special. I think, I think the 24 months is the max.  Ryan (1m 41s): Well, yeah, I do look us up. We'd love to see you. Right.  Jesse (1m 44s): So for listeners, you know, this is probably the first time we've had somebody that specializes in mobile home parks on the show. And I wanted to give listeners a little bit of a background for yourself. So maybe for listeners tha