Real Estate Investing for Cash Flow with Kevin Bupp

Today's episode is from Mobile Home Park #115 that originally aired on Jun 3, 2020.

In this episode, we'll be speaking with the CEO of Performance Equity Partners also known as PEP, Scott MacNeil.

Performance Equity Partners is a residential mortgage lender who offers creative financing options to manufactured home community owners who need a funding source for individuals seeking home ownership.

☑️ Recommended Resources:

Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com

Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA

Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals!

Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Zach is a seasoned real estate investor that has accumulated a large portfolio of rental properties across multiple markets including single family, multi-family, commercial and new construction. Zach started his real estate investment journey while working as an Optometrist & Captain for the US Air Force. The cash flow from his real estate investments eventually allowed him to retire early from his career in medicine to be a professional investor by strategically investing in markets that maximize cash flow, appreciation & equity.

Highlights:

3:47 - Zach's Start From Military to Investments

7:45 - Options For Owning Single Family Properties

16:00 - Finding Labor (construction)

20:39 - Gauging Proporty Value (formula)

30:32 - Retention Rate On The Single Family Side

Quote: "There's been an evolution of build to rent space for sure."

Connect with Zach Lemaster: renttoretirement.com

☑️ Recommended Resources:

Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com

Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA

Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals!

Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Today's Flash Back Friday episode is from #313 that originally aired on March 9, 2021.

Philip Morgan is the CEO of the Morgan Group.

As Chief Executive Officer, Philip is responsible for leading MORGAN's strategic planning and growth across all business activities, including development, acquisitions, construction, and property management.

Since joining MORGAN, Philip has been involved in the development and acquisitions of over 7,000 units at a cost exceeding $1.8B in Texas, Arizona, California, Colorado, and Florida. Prior to joining MORGAN, Philip co-founded BlueRoot Partners to take advantage of opportunities to acquire distressed real estate assets in Texas.

Philip holds a Bachelor of Science in Economics from The Wharton School at The University of Pennsylvania.

Quotes:

"It's really tough to do what we do and it's only getting tougher. So, when you have something great, it can be tough to part with and you take a new risk every time you start over. "

"In hindsight, I see that a lot of people put pressure on themselves for their first job out of school or their first couple jobs out of school, what they want to do with their lives. And, I think there is nothing more important than finding great mentors and something that you have a passion for."

Highlights:

3:34- Philip shares his background

8:49- Philip talks about the founding of the Morgan Group

17:53- Philip talks about the markets today that he is most excited about

19:27- Philip talks about collection trends in the industry

23:09- Philip shares if there will be any shifts in developmental models for the future

26:48- Philip talks about a challenging deal that he's dealt with

Guest Website:

https://www.morgangroup.com/

Learn About Investment and Partnership Opportunities with Kevin and His Team

☑️ Recommended Resources:

Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com

Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA

Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals!

Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Today's episode is from Mobile Home Park #110 that originally aired on June 4, 2019.

In this episode of the Mobile Home Park Investing Podcast, Kevin welcomes Gene Norman. Gene is a senior meteorologist and the VP of marketing at HazardCall. HazardCall is a system developed for manufactured homes wherein any community can give their residents alerts and notifications that help them make decisions about approaching impactful weather events such as tornadoes, hurricanes, thunderstorms, and ice storms among others.

Gene explains how and why HazardCall came into fruition and discusses the value in their messaging system that comes from procuring their services. Gene also provides a step by step illustration of HazardCall's system and how it works. Kevin and Gene also talk about pricing, extra features, and other details about HazardCall.

Quotes:

"One of the biggest challenges of course, is telling people what to do when there's an emergency and where they should go and that they should even have a plan."

"When your phone rings at 2 in the morning, you're likely going to pay attention to that and we got urgent messaging that tells them there's a storm threat but it also gives them instructions on what they should do."

"If the community manager finds out from the local emergency officials or from the power company that the power will be back on at such a time, we can type out that message on their phone and all the residents who were displaced would get that."

"It doesn't happen everyday so we're not calling everyday but when those things are happening in your neighborhood, when the phone rings then we'll get your attention and hopefully that will incite and send you to take the safety action that you need. Each unit, so to speak, can have up to two numbers assigned to it."

"The biggest challenge a home community owner will have will be collecting resident information. But once you do that and put it into the system, you know maintaining this is fairly easy to do and we help you every step of the way.."

Discussed in this Episode:

• 5:40 What is Hazard Call?
• 13:06 The messaging system and weather alerts
• 18:57 Gene explains how their system works [see link to presentation slides]
• 23:21 Pricing
• 26:36 Gene talks about "PR insurance" and other system features

☑️ Recommended Resources:

Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com

Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA

Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals!

Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Our guest for this week's show is real estate investment expert, Mark Khuri. Mark has been an avid real estate investor for over 18 years and throughout his career has invested in over 45 commercial real estate opportunities across numerous asset classes including mobile home parks, self-storage facilities, multi-family communities, retail shopping centers, oil wells, student housing, vacant land, short-term debt and ATM's representing more than $1.5 billion of combined value.

Highlights:

6:19 - Mark's Favorite Asset Type

11:32 - The Affordable Housing Shortage

14:32 - Adapting to Uncertainties

18:26 - Tax Exempt Departments

21:10 - Tips on Communication w/Investors

Quote: "I'm always trying to find something unique. -Usually there is a story."

Contact Mark Khuri: smkcap.com

☑️ Recommended Resources:

Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com

Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA

Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals!

Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Today's Flash Back Friday episode is from #270 that originally aired on Apr. 15, 2020.

For the last decade, Sunrise Capital Investors has focused exclusively on the niche of mobile home park investing. The niche aligns with our investment thesis and has served our investors well for many years. Our team was ahead of the curve, touting the merits of the asset class long before mobile home parks became the darling of private equity. Today, we see similar opportunity in another under-the-radar, niche real estate investment: parking.

Parking aligns with our investment thesis, and we feel the niche is roughly ten years behind mobile home parks in terms of the industry's consolidation phase. This provides sufficient runway to roll up a nice portfolio of parking assets while the niche is still overlooked. The remainder of this special report outlines the top ten most attractive aspects of parking investments.

What You'll Learn:

• What's driving the shrinking supply of available parking
• The reasons behind the growing demand for parking
• The fragmentation of ownership in parking that makes it ripe for a large consolidation effort
• The unique NN and NNN lease structure that creates a very stable, cash flowing opportunity.
• Why, at present, there is very low competition for this asset class
• What makes for the ideal location of a great parking asset
• How technology has played a major role in the parking sector, thus allowing owners to maximize revenue 24/7
• The attractive low maintenance aspect of parking when compared to other investments such as Multifamily and Commercial Buildings.
• The amazing tax benefits that parking benefits from including the accelerated 15-year depreciation schedule
• What underlying fundamentals make parking an incredibly recession resistant investment
• And much more…

☑️ Recommended Resources:

Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com

Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA

Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals!

Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Today's episode is from Mobile Home Park #118 that originally aired on July 2, 2020.

This episode is part of an ongoing webinar series that my team and I have been hosting where we invite a rotating panel of manufactured housing industry experts to discuss the state of our industry as it relates to not just the corona pandemic but also the general outlook of the manufactured housing industry and how you can not only survive, but ultimately thrive no matter what the current state of affairs are in our country.

In this webinar we were joined by, Kolman Bubis, a top broker with Sunstone Real Estate Advisors and Brandon Turner, who is the founder of Open Door Capital.

☑️ Recommended Resources:

Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com

Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA

Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals!

Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Our guest for this week's show is serial entrepreneur and real estate developer, Jerry Rosengarten. Jerry is a Brooklyn-born serial entrepreneur whose greatest skill is the extraordinary ability to perceive form and structure and opportunity from within disorder, including developing products to deal with dyslexia, reimagining real estate, and investing early and heavily in solar energy. Jerry's first big win came in the 1970s with the Leisure Suit, which became a cultural fashion phenomenon that stoked his confidence and staked his growing desire to build land mark New York projects like the Lofts and the The Bowery Hotel. Today, Jerry owns one of the largest private solar farms in the Northeast, located on Long Island's eastern tip, and his creative passions are focused on environmental stewardship and active advocacy for those suffering from learning disabilities.

Highlights:

5:25 - Starting the famous Leisure Suit / Lessons Learned

12:22 - Finding a Creative Space (property)

20:22 - Making The Worst location in NY Successful

26:23 - Growing Up with Dyslexia / Seeing Things Differently

34:26 - The Importance of a Supportive Spouse

Quote: "I jump on the train and take it to the end. Each-train are concepts are designs."

Connect with Gerald: jumponthetrain.com

☑️ Recommended Resources:

Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com

Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA

Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals!

Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Today's Flash Back Friday episode is from #314 that originally aired on March 16, 2021.

Thomas Jorglewich is the president and CEO of Toben Partners.

Toben partners is a Christian centered real estate investment and management company guided by Biblical principles and a servant's heart. They specialize in strip and neighborhood shopping centers ranging from 10,000 to 50,000 square feet in size.

Quotes:

"I'm in the mode now where I'm trying to make a difference in something. I've stepped back to try to find out how I can give back something. I've been blessed, been very lucky."

"What worked for me, is put other people's interest before you own."

Highlights:

3:18- Thomas shares his background

6:27- Thomas talks about some of the challenges he faced with his first development property

7:52- Thomas shares how his business has changed since he first began

10:47- Thomas gives his opinion on the changes that the pandemic will bring about

18:25- Thomas gives his opinion on if malls will be able to survive the pandemic

22:08- Thomas talks about the most challenging deal he's ever dealt with

Guest Website:

https://www.tobenpartners.com/

Learn About Investment and Partnership Opportunities with Kevin and His Team

Today's episode is from Mobile Home Park #109 that originally aired on March 26, 2019.

Host Kevin Bupp is joined by Jethro van Aardt, the Director of Operations at Sunrise Capital Investors, and they break down the many moving parts and processes of due diligence--from kick off to title transfer.

Due diligence is one of the most critical aspects to master when diving into the niche of mobile home park investing. It has its own unique set of nuances and to be aware of, as well as opportunities and usual skeletons in the closet to watch out for.

Quotes:

"Due diligence process, it's a pretty thorough process and a lot of sellers often get intimidated by it. They're worried that you're going to uncover something and it's going to completely throw the deal out so they get kind of secretive, which is pretty strange. It's counter-intuitive."

"The offsite phase is critical. We need to know that we have the exact information. For example, simple things like the exact address of the property, the exact pad count, how many homes are abandoned, how many homes are resident-owned, how many homes are rented by tenants, etc etc. So it's verifying a lot of information."

"DD is really just a long checklist and it's following that checklist and obviously you start off with the most critical things and, if you can get through those critical things from the top to the bottom, then you reassess and understand do you move forward or not."

"Sometimes these places look really nice from the outside. When you get inside, they're in really bad shape. You need to understand the quality of the resident base. If anybody is prepared to live on the floors, you know that person's not paying the rent and they're probably going to skip the town in the middle of the night."

"Unfortunately that's one of the painful things sometimes is that you can do all that prep work and offsite, think that you've covered everything but there's still going to be skeletons and that's why the onsite is so crucial."

Discussed in this Episode:

• 09:25 Kickoff call process and offsite due diligence
• 19:55 Onsite due diligence and prelim investment committee phase
• 38:13 Closing and pre-take on
• 43:32 Software used by Sunrise Capital Investors
• 46:54 Usual skeletons in the closet

☑️ Recommended Resources:

Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com

Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA

Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals!

Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2