Making Moolah with Mobiles Home Parks with Kevin Bupp

Find out how the mobile home real estate niche has brought Kevin the biggest revenue, discover how he creates passive income through mobile home parks, and learn about the potential of investing in mobile home parks and how you can start.

Resources/Links

Summary

Kevin Bupp is a 20+ year real estate investor with more than $150 million of transactions. His specialty is mobile home parks but he has owned hundreds of other commercial and residential properties over the years. His company currently owns mobile home parks in 13 states.

In this episode, Kevin shares how the mobile home industry became his bread and butter amidst the negative connotation around this investment category. He shares how he managed to turn it into a revenue-rich and very lucrative business.

Topics Covered:

01:22 – What got him started in real estate
03:34 – His first investment property
05:22 – What got him investing in mobile home parks
07:39 – The many real estate strategies he is into that are giving him passive income
08:08 – The top benefits of mobile home park investing
12:33 – Mistakes startup investors in mobile home park commit
15:54 – Price tag and average size for mobile home parks
16:50 – Financing institutions and lenders available out there

Key Takeaways:

“Typically you’ll find that there’s a higher yield or return on the mobile home park that none of the traditional apartment complexes have.” – Kevin Bupp

“I see a lot of new investors making mistakes by if a mobile home park has a lot of homes that it owns, then the gross revenue is typically overstayed because they’re taking into account also the rental revenue and they’re not underwriting it accordingly. And their offer number comes in much higher than what it typically should be. And so I see a lot of new investors overpaying because of that rental component on some of these parks.” – Kevin Bupp

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