On today's episode Ryan Hill and Brett Bowman join us to discuss Mobile Home Communities and Investment Space: Trends, common misconceptions, predictions, and the steps they are taking to raise the bar in the Mobile Home space.
Ryan is the Chief Operating Officer of Suncrest Capital LLC. He is responsible for driving operational efficiency in each community. He works closely with community managers to ensure optimal occupancy and expenses. Ryan has over 13 years of experience as a real estate agent directly involved in over $41M in sales. Ryan is in his third year as a mobile home park owner and operator. He holds a degree in Biology from Central Washington University, Master degree in Technology in Education from Lesley University, and Principal Certification from Seattle Pacific University.
Brett is Suncrest Capital's Chief Investment Officer. His conservative approach to underwriting helps minimize risks while maximizing investor returns. He has been investing for over 14 years, acquiring $50M+ in assets, spanning single family rentals, multi-family, industrial, and mobile home communities. He has a background in high-tech where he managed multi-million-dollar budgets in hybrid corporate finance & large-scale program management roles. He holds a degree in Finance from the University of Utah and an MBA from Duke University.
If you want to learn more about Mobile Home Communities and the Mobile Home Parks investment space, this episode isn’t one to miss!
HIGHLIGHTS OF THE EPISODE
01:24 – Episode Overview and Guest Intro: Ryan Hill & Brett Bowman
02:47 – Ryan and Brett’s Background and how they met
06:56 – Ryan Hill: From being a real estate agent to becoming a mobile home park owner
10:05 – Ryan Hill on how his experience as a school teacher and principal has helped him as an investor
11:36 – Why Mobile Home Parks?
13:57 – Ryan Hill on moving homes
17:15 – Moving homes at a significantly lower price
19:19 – Top opportunities and advantages in the Mobile Home Parks investment space
23:13 – Common mistakes in the Mobile Home Parks investment space
25:45 – Be prepared for additional expenses or time demands
27:47 – Common misconceptions about Mobile Home Communities
31:07 – Ryan and Brett’s Buy Box
36:00 – How tax works for Mobile Home Communities
43:29 – Predictions for the Mobile Homes space
46:14 – “What inspires you to do what you do?”
49:32 – Getting in touch with Ryan and Brett
CONNECTING WITH THE GUEST
Website: https://www.suncrestcap.com/
Ryan’s Email: [email protected]
Brett’s Email: [email protected]
Instagram: @suncrestcapital
CONNECTING WITH INVEST FOR THE WIN
Website: https://investforthewin.com/
Facebook: https://www.facebook.com/ftwinvestments
Instagram: https://www.instagram.com/ftwinvestments/
LinkedIn: https://www.linkedin.com/company/43231601/admin/
Twitter: https://twitter.com/FtwInvestments
Youtube: https://www.youtube.com/channel/UCTpJoMpgE3DDGSgw-13nTIw
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#mobilehomecommunity