​Podcast #096 - Interview - Kevin Bupp - Mobile home investing

https://youtu.be/Uuj_g4mSUY4 Text “simple” to 314-665-1767 to get access to the Hui Google Drive files and the website/podcast via email. Text “deals” to 314-665-1767 to join the Hui Deal Pipeline Club and get in on the dealflow! Show notes: Mobile home investor His business is not simple or passive did no go from a career to REI Started when was 19 years old Started buying SFHs and 2008 changed things and made Kevin Rebuild MFH was not scaleable Then was introduced to mobile home parks Everyone should start smaller to learn about working with tenants Anti turnkey rentals 1) based on comps 2) buying retails Cap rates are only important on the sale Only look at cash on cash return (not IRR) used 35% expense ratio Work with the broker to come to a price - can you help me understand? MHP have 50/50 LP GP splits where MFH has a little high 70/30 split 40K a year and under, people making 12-15 dollars an hour Excercise is the success tip