Real Estate Investing for Cash Flow with Kevin Bupp

Today's episode is from Mobile Home Park #109 that originally aired on March 26, 2019. Host Kevin Bupp is joined by Jethro van Aardt, the Director of Operations at Sunrise Capital Investors, and they break down the many moving parts and processes of due diligence--from kick off to title transfer. Due diligence is one of the most critical aspects to master when diving into the niche of mobile home park investing. It has its own unique set of nuances and to be aware of, as well as opportunities and usual skeletons in the closet to watch out for. Quotes: "Due diligence process, it's a pretty thorough process and a lot of sellers often get intimidated by it. They're worried that you're going to uncover something and it's going to completely throw the deal out so they get kind of secretive, which is pretty strange. It's counter-intuitive." "The offsite phase is critical. We need to know that we have the exact information. For example, simple things like the exact address of the property, the exact pad count, how many homes are abandoned, how many homes are resident-owned, how many homes are rented by tenants, etc etc. So it's verifying a lot of information." "DD is really just a long checklist and it's following that checklist and obviously you start off with the most critical things and, if you can get through those critical things from the top to the bottom, then you reassess and understand do you move forward or not." "Sometimes these places look really nice from the outside. When you get inside, they're in really bad shape. You need to understand the quality of the resident base. If anybody is prepared to live on the floors, you know that person's not paying the rent and they're probably going to skip the town in the middle of the night." "Unfortunately that's one of the painful things sometimes is that you can do all that prep work and offsite, think that you've covered everything but there's still going to be skeletons and that's why the onsite is so crucial." Discussed in this Episode: 09:25 Kickoff call process and offsite due diligence 19:55 Onsite due diligence and prelim investment committee phase 38:13 Closing and pre-take on 43:32 Software used by Sunrise Capital Investors 46:54 Usual skeletons in the closet ☑️ Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Today's Flash Back Friday episode is from #128 that originally aired on Nov. 16, 2016. Greg Markov is partner and national instructor with the real estate negotiation institute. Whether you're an aspiring Real Estate investor who hasn't yet done a deal yet or a seasoned investor with a multi-million dollar portfolio, learning how to become an effective communicator and negotiator will help take your real estate business to the next level. It's quite simple; master the skills of negotiations and you will inevitably find yourself leaps and bounds ahead of your competition. I'm positive that you'll find a ton of value and education in our show with Mark. Enjoy! ☑️ Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Todays episode is from Mobile Home Park #106 that originally aired on March 5, 2019. In this episode of The Mobile Home Park Investing Podcast, Kevin Bupp hops on a call with real estate expert Matt Ricciardella, managing member of Crystal View Capital, a private investment firm with a focus on value add real estate. Since its inception in 2014, the firm has raised almost $17 million of equity capital and has approximately $60 million in assets under management with a specialized focus on manufactured housing and self-storage asset classes. Matt also goes into fine detail about recent successful projects and how his company manages all the different asset classes they handle from across the US. Quotes: "In my hunt for finding deals that would yield the best cash flow, I kinda came across mobile home parks and self-storage as the key assets that I wanted to focus on since those properties yielded the highest free cash flow out of all commercial real estate classes that I came across and underwrote." "These opportunities are available to all of us. You've got to dig--especially now you've got to dig even harder--and then you've got to have the wherewithal to recognize that there is that untapped, hidden value." "Once you've added value and you've maximized that value, it's time to look to exit." "Through the years, we've been kicked down the street and that's the only way I think we've learned and we've learned from our mistakes and as a result we've implemented some of these strategies that has made us successful managers of mobile home communities." "The best thing I can tell you is to take action. Go out there, make it happen, start looking at opportunities, get educated." ☑️ Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Today's Flash Back Friday episode is from #116 that originally aired on Jun. 14, 2016. Our guest for this week's show is Multifamily Investor and full-time syndicator, Andrew Cushman. In today's show, we'll be speaking with Andrew in detail about how he went from being a full-time chemical engineer to a full-time multifamily syndicator who has amassed 1,470 doors in just over 5 years. Andrew will share with us intimate details on his first deal, which was a 92-unit apartment in Macon, GA that was 75% vacant and the lessons he learned from this first experience. He will also share the exact systems and processes that he uses to find deals in todays marketplace so that you can replicate these same ideas in your own business. Andrew's story is both inspirational and motivating as it truly shows what true grit and raw determination can afford us in this business. I'm positive that you'll enjoy and gain huge amounts of value from our show today. In this show with Andrew you're going to learn: How Andrew transitioned from being a chemical engineer to a full-time fix and flip real estate investor before deciding to focus on syndicating multifamily properties. Learn about the trials and tribulations he experienced with his first multifamily deal, which was a 92 unit property in Macon, GA which was 75% vacant at the time of purchase and more than 2,700 miles away. How he was able to continue to thrive as an investor, even during the downturn of 2007 and 2008. How he found his first mentor who trained him in the multifamily space. How he found funding for his first multifamily deal through the relationships he had built while fixing and flipping residential homes. Why he's attracted to the Southeastern states and feels there are multiple secondary and tertiary that are experiencing positive growth. What underlying fundamentals Andrew looks for in the markets he invests in. For example; population, median house prices, median incomes, crime rates, job growth, etc and which websites he uses to perform this research. The step-by-step process he goes through to find high quality property management companies in markets where he has no presence or existing relationships. What relentless persistence means to Andrew and how it took him 4,576 calls to get his first deal. And much more ☑️ Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

In this episode of the Mobile Home Park Investing Podcast, Kevin shares the mic with Kurt Kelly; Mobile Home Insurance Expert based in Texas. Often times, insuring your investment property will not come through a large insurance house like State Farm. There are many special cases mobile home park owners will need to account for in order to ensure all bases are covered. Kurt goes through the list of 10 major pitfalls park owners face when choosing insurance, and how to deal with them. HIGHLIGHTS: [7:07] What is Kurt's background? [12:29] What is the first biggest mistake park owners make when finding insurance? [22:34] Is there a point where you can actually overinsure? [39:20] What is Data Breach and Discrimination coverage? [51:22] Kurt's final words of wisdom ☑️ Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Stewart founded Harvard Grace Corporation back in 2010, which has since expanded into Harvard Grace Capital. Harvard Grace Corporation provides fractional C-level executive services to clients as well as general business consulting. Harvard Grace Capital is the real estate investment arm that specializes in various commercial asset types such as self-storage, suburban office and industrial investments with a specific geographic focus in southern TN and northern Alabama. Highlights: 5:52 - What Assets Get You Excited? 9:37 - Self Serve Medical Records Storage 18:50 - Stewart's Secret Sauce to Finding Deals Connect with Stewart: https://harvardgracecapital.com/ ☑️ Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Today's Flash Back Friday episode is from #152 that originally aired on July 25, 2017. Kathy is an active real estate investor herself, with properties ranging from single family rental homes, to commercial buildings, to large land development projects. She is a licensed real estate agent and former mortgage broker, which has helped her understand and teach the power of leverage. In todays show, we're going to go behind the scenes with Kathy and explore her background as it pertains to real estate investing and if all goes as planned have you guys walk away from this show with actionable advice that you can begin applying to your business immediately. Check Kathy out @ www.RealWealthNetwork.com • Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com • Self Directed IRA Investment Opportunity – Click Here To Learn More About How You Can Invest With Us Through Your SDIRA • Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals! • Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

This episode is from Mobile Home Park #81 that originally aired on Oct. 31, 2017. In today's show we're going to be talking with the Owner and President of Premier Waste Group, Ian Djuric Prior to joining Premier, Ian owned and operated two trash and recycling hauling companies, and consulted for Waste Management and Republic Services. Premier prides themselves in bringing the most cost-effective, sustainable waste and recycling solutions to your business. He has more than 14 years of industry experience and has sold and managed more than 50,000 customers in waste and recycling business. ☑️ Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Our guest for this week's show is real estate investment expert, Darin Davis. Darin is an industry leader, real estate entrepreneur, and founder of Club Capital and brings over two decades of industry leadership and more than $1bn of sponsored real estate projects. He excels in navigating market shifts and guiding investors to exceptional returns, even in times of uncertainty like we're facing today. Aside from his real estate endeavors and in partnership with his two children, he launched The Never Quit Initiative, which is a 501(c)(3) non-profit organization. The Never Quit Initiatives mission is to broadly educate young adults on the power of passive cash flow for income and prepare financially for a potential crisis in healthcare costs. Highlights: 8:45 - Making Deals w/ H.U.D. 13:53 - Multi-Family Sector Strengths 21:26 - How To Vet Sponsors 23:31 - Multi-Family Sector Weaknesses 33:38 - Dividing A Clubhouse / Amenities Quote: "It's good that I didn't know what I was doing - If I did, I would have panicked and done nothing." Connect with Darin: clubcapital.co/investing ☑️ Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Today's Flash Back Friday episode is from #132 that originally aired on Jan. 3,2017. In today's show we're going to be speaking with Jeff about how he got his start as a real estate investor and how he has been able to build a 160+ unit portfolio of cash flowing single family & multifamily properties all while working a full-time job as an IT consultant. Jeff's story is proof that it's possible to become a successful real estate investor while working a full-time job as long as you're willing to put in the time, get the proper education, and align yourself with the proper people within the industry. The point I'm trying to make by telling you all of this is that there are no excuses of why YOU can't build a CASH FLOWING commercial real estate portfolio while working your current job. Here's What You'll Learn: How he's been able to maintain his full-time gig as an IT consultant while simultaneously buying 40+ doors per year. The lessons he learned from his first larger multi-family apartment investment and how he's applied those newly acquired skills to his business The attraction to the daycare business and how this led him to owning a commercial property that is occupied by a daycare center. The one BIG mistake he made when purchasing a tax deed that was a direct result of a lack of due diligence prior to purchasing the tax deed. What one thing he would change about his business if he could go back and start all over again. Why he feels that not using O.P.M. has stunted his growth as an investor and why he is now considering integrating this type of structure into his business. What his crystal ball is telling him about the Atlanta market The mistakes he's made by not properly estimating the amount of cap-x the property will need and how he's making the necessary changes to avoid this problem moving forward. And much more ☑️ Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2