Dropping Bombs The ULTIMATE Guide to Getting Started in Real Estate
19 snips
May 4, 2025 Join real estate mogul Jeremiah Boucher, who transformed from broke to a $400 million portfolio, as he shares his journey in mobile home parks and self-storage. He dives into his rigorous process of making 30,000 cold calls a year, the creative financing strategies that helped him secure deals, and the ins and outs of evaluating undervalued properties. Discover the secrets to building wealth in real estate, the tax advantages of smart investments, and how persistence can lead to lucrative opportunities.
AI Snips
Chapters
Books
Transcript
Episode notes
Deal Finder Fees Are Real Money
- Expect to pay brokers or finders 3–6% of the gross price for sourcing a bought deal.
- For a $5M park a 5% fee yields about $250k, so deal-finding can be lucrative.
Avoid Tiny Parks For Scale
- Avoid very small parks (under ~70 pads) because fixed overhead swallows margins and scaling costs rise.
- Ensure expected net income justifies travel, onsite construction, and management overhead.
Inspect Infrastructure First
- Inspect infrastructure: camera sewer lines, test water, and budget for utility replacements before closing.
- Invest in curb appeal, lighting, playgrounds, and new homes to attract higher-quality residents and raise rents.
