How to Generate Passive Cash Flow Investing in Mobile Homes

[Omar Ruiz]

Learn How to Generate Passive Monthly Cash Flow by Investing in Mobile Home & RV Parks

Mobile Home Parks are an alternative asset class commonly known for producing consistent amounts of cash flow and a proven wealth builder vehicle for owners, operators, and investors.

Join us on Tuesday, September 3, 2019, to find out the ins & outs of mobile home & RV park investing presented by an active investor in the space. Joe Lahore began investing in 2002 and since then he has been involved in multiple transactions. During the meltdown, he decided to stop flipping houses and to begin building monthly cash flow by owning and operating mobile home parks.

Things were not easy at first, as his first mobile home park deal was a major 141 space REO turn around property
purchased at the end of 2008. After lots of lessons learned…including facing a potential property rezoning from the City he and his partner were able to navigate through turbulent waters safely to shore.

The second community was a seller direct 74 space deal, acquired in December of 2012 a “Turn Key” property that showed a profit immediately. After streamlining both properties, the third deal was a 98-space property seller direct which promised a great
upside potential. The fourth deal is a bit of a “Hybrid” as it has 68 mobile homes, 38 RV Spaces, four single-family houses, two duplexes, and one commercial building, seller-financed.

On November of 2017, the first three properties sold for a premium and Joe was able to 1031 exchange into other mobile home parks, RV parks, and one apartment building - giving him a true sense of passive income. Joe is the founder of OC FIBI, the largest chapter in the network, he often speaks about the asset class at industry events and local real estate investment groups. Joe loves to mountain bike and to play soccer as much as possible.

Join us and you will learn:

● Why Mobile Home Parks & RV Parks?
● How to look for deals?
● Pitfalls and opportunities
● How to build relationships that open doors for deals?
● How to value mobile home parks?
● Doing the deal: Sale protocol, deal structure, negotiation, and due diligence
● An overview of financial analysis and financial ratios – what they mean?
● How to build a portfolio part-time – where it makes sense?
● Understanding hidden opportunities: Economies of Scale, Water Rights Ownership and other lucrative avenues
● Additional income streams – mobile home notes, storage, non-compliance, late and transfer fees
● How to increase property value by adding one mobile home to your property
● Management challenges and operational systems
● Creating steady cashflow month-after-month, year-after-year.

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About the Meeting…
Date: September 3rd, Tuesday
Location: Irvine Airport Hilton 18800 MacArthur Blvd Irvine CA 92612

6:15 - 7:00 pm: Come early for NETWORKING
7:00 - 9:00 pm: MAIN MEETING
9:00 pm – On: Stay after for MORE NETWORKING
COST: $30.00 Pay at the door, cash, card or check only.
ATM is located at the Hotel Lobby.
PARKING: $12.00 dollars and 100% validation with the purchase of one soft drink, cocktail and/or appetizer at the hotel restaurant while networking before or after the meeting.

As usual, there will be no sales pitch of any kind. We pride on the FIBI philosophy: "Bare Bones
Real Estate without the hype and without the BS"