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9 October 2019 | 2 replies
It allows you to put minimal capital into acquiring a property and you can scale up way faster with higher returns, but it also leaves you more exposed because you have minimal equity in the property, lower cash flows, and less ability to adapt to the market.
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3 December 2019 | 133 replies
It sounds like you have adapted well to the changes in the markets and evolution of technology to keep your business up to date.
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4 December 2019 | 49 replies
I will just adapt, and continue down the path.
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6 December 2019 | 3 replies
Some generic examples are high expenses, rent lower than the market, vacant spaces, vacant park owned homes, and unmetered utilities paid by the park.
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12 December 2019 | 2 replies
Ability to learn, adapt, and apply quickly.
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20 October 2019 | 3 replies
Ultimately being able to be diverse and adapt will serve you well
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23 October 2019 | 5 replies
I’d really love to find another deal like my triplex was but times have changed a bit so I’ll have to adapt.
28 October 2019 | 7 replies
We're adapting and keep moving forward.
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30 October 2019 | 2 replies
The more I read here, and the more I watch all the webinars on wholesaling, assigning, flipping, the more motivated I become.I have decent credit, not great, I have drive, the willingness to learn and adapt, I do not give up easily.I have a goal of 10 rentals in 5 years.
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12 December 2020 | 10 replies
(if you are in the right market).2) The ability to buy cheap from moms and pops with huge room for upside in rent increases and occupancy increases.3) The ability to obtain seller financing (which is what got me into the business to begin with).4) The huge underlying value in being in an industry that has not allowed new construction since the 1970s.5) The low management intensity when you are just renting land.6) The only remaining sector of real estate in the U.S. where you can hit 20%+ cash-on-cash returns if you are smart.7) The win/win business model of bringing old mobile home parks back to life.8) The beauty of being in a business sector that is on the right side of every American megatrend.But there are also the following drawbacks:1) Suffering through a huge negative stigma that makes you embarrassed to even tell people what you do sometimes.2) Suffering through some city halls that hate mobile home parks and everyone associated with them.3) Suffering through media that assumes that anyone who owns a mobile home park is therefore evil no matter what you do.4) High levels of risk (and almost certain failure) if you do not conduct good due diligence.5) The endless risk of private utilities unless properly vetted.6) Learning to adapt to the customer base and being a good landlord that gets the job done in a friendly way.7) Not getting involved in the hysteria of some markets that offer little in the areas of returns or safety.I cannot emphasize enough that this is not a get rich quick scheme, but a get rich slow scheme.