Storage Wins

In today's episode, our guest, Jamel Gibbs, talks about his inspiring story of success and resiliency. He is the owner of the Mill Street Properties LLC, a successful real estate investing firm. He is also the owner of the REI Education Academy LLC, which is a successful real estate investment education firm and publishing company that teaches its clients how to build successful real estate investing businesses.

He had been so successful in his businesses and then all of a sudden, he hit rock bottom. Not only that, he had to deal with depression, the death of a family member, and a pregnant wife.

So how did he OVERCOME all that?

Let's find out by listening closely to this episode as he shares his story of motivation and how he picks himself up off the ground, dusts himself off, and rebuilds himself after falling from grace.

KEY TAKEAWAYS:

• Jamel's backstory and how he got involved in real estate investing and becoming an Entrepreneur
• How he responded to trials and how he pushed through adversity.
• His inspirations to pursuing his goals
• What does it look like to build a lifestyle business?
• How working hard took an emotional toll on him, even working from home.
• How he handled his depression
• What he would tell to his younger self

CONNECT WITH JAMEL GIBBS:

• www.youtube.com/JamelGibbs

MENTIONED IN THIS EPISODE:

Connect with Alex on Clubhouse: https://www.joinclubhouse.com/ and find him @AlexPardo.

🚀 How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today ▶︎ https://www.AscendYourSuccess.com/

WHO IS ALEX PARDO? https://flipempire.com/about/

FOLLOW ALEX ON:

★ INSTAGRAM → http://instagram.com/alexpardo25 ★ FACEBOOK → https://www.facebook.com/alexpardo15 ★ LINKEDIN → https://www.linkedin.com/in/alex-pardo★ YOUTUBE → https://www.youtube.com/alexpardo.

TWEETABLES:

• "I took the bull by the horns and I pulled it with me".
• "Massive actions equals massive results".
• "I live my life according to how I want. My businesses don't control me."
• "If you know what you want, you can structure your businesses to surround what that end goal is."
• "The bigger overarching challenge is something more personal and is being masked as a business challenge when it's really not."

ASK ALEX A QUESTION:

Have a question you want to be featured on an upcoming Flip Empire Show?

Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!

SUBSCRIBE To The Flip Empire Show, and Leave a Rating & Review!

Alex shares a very painful experience he had back in 2009 with the IRS. It was a very valuable learning lesson and wants to remind you that if your bookkeeping isn't clean, you have to take action and not ignore it.

Key Takeaways:

• Are you digging your well before you're thirsty?
• Tax time is coming! Are you getting your ducks in your row?
• In 2009, Alex had a rude awakening!
• Alex found out he owed $120k to the IRS.
• Alex has 20k-30k in credit card debt at the time too.
• Alex didn't know what to do.
• Owing money to the IRS taught Alex a painful lesson.
• Alex didn't take the time to track the numbers at all.
• Where do you need to start to dig your well before you're thirsty?
• Do you know the ins and outs of your business in detail?
• Yes you want to grow revenue, but you also want to keep overhead low.
• Think of a list of things you might need to track going forward and….track them!
• Thank you so much for your reviews on Apple Podcast!

MENTIONED IN THIS EPISODE:

🚀 How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today ▶︎ https://www.AscendYourSuccess.com/

WHO IS ALEX PARDO? https://flipempire.com/about/

FOLLOW ALEX ON:

★ INSTAGRAM → http://instagram.com/alexpardo25 ★ FACEBOOK → https://www.facebook.com/alexpardo15 ★ LINKEDIN → https://www.linkedin.com/in/alex-pardo★ YOUTUBE → https://www.youtube.com/alexpardo.

.. TWEETABLES:

"I owed the IRS in back taxes because my 2006, 2007, 2008 taxes were never filed."

"$140-150k in debt and the majority of that to the IRS. The IRS is pretty unforgiving with debt."

"I was so focused on taking action, making money, that was my focus. It was not in running a business."

ASK ALEX A QUESTION:

Have a question you want featured on an upcoming Flip Empire Show?

Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!

SUBSCRIBE To The Flip Empire Show, and Leave a Rating & Review!

Jon Farling has always been in real estate, but he made the jump from single family properties into self-storage only about 2 years ago. Through this venture, he was able to quit his full time job after he secured his 3rd self-storage property. Jon shares some of the positives and negatives of owning self-storage, and offers words of wisdom for those who are interested in this space.

Key Takeaways:

• Alex shares how he met Jon and the success he's achieved so far.
• Real estate has always been in Jon's blood.
• Jon really wanted to leave his job to do self-storage full time.
• Jon dipped his toe in real estate by first starting out in single family.
• How did Jon discover self-storage?
• Jon got 2 deals out of sending out 500 mailers. How did he do that?
• Why did self-storage make sense for Jon?
• Jon had a full-time job and two kids. How did Jon find the time to start up his side hustle?
• There is no magic bullet. You have to put your head down and do the work.
• How did Jon secure his first deal?
• Jon was able to 4x his deal. He shares how on the podcast!
• There are so many benefits that self-storage has that single-family doesn't.
• Jon talks about the SBA loan process.
• Jon's first three weeks of storage ownership was pretty rough.
• What other types of headaches has Jon had in this space?
• What do you do when they don't pay?
• Jon talks about his best self-storage deal to date.
• Jon was able to supplement his 9-5 income with this third self-storage property and finally quit!
• You gotta be committed. You gotta believe in yourself.
• What advice would Jon give his younger self?

MENTIONED IN THIS EPISODE:

Connect with Jon: Facebook

Want to Learn More About Self-Storage Investing? Check out The Storage Rebellion, and let them know that Alex Pardo from the Flip Empire Show sent you 😉

ASCEND:

Don't Wait To Enjoy Your Life Tomorrow, Live It Today! How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:

🔊 LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts ▶︎ http://www.flipempire.com/podcast 📺 SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW ▶︎ https://www.youtube.com/alexpardo 🚀 How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today ▶︎ https://www.AscendYourSuccess.com/

FOLLOW ALEX ON:

★ INSTAGRAM → http://instagram.com/alexpardo25 ★ FACEBOOK → https://www.facebook.com/alexpardo15 ★ LINKEDIN → https://www.linkedin.com/in/alex-pardo★ YOUTUBE → https://www.youtube.com/alexpardo.

. TWEETABLES:

"I knew I was an entrepreneur, I just didn't know what that'll look like."

"From my single family rental to self-storage, I was 4xing my monthly income. To me, it was a no brainer going to self-storage."

"I could flip a switch and maybe an hour or two hours a month is all I have to work."

ASK ALEX A QUESTION:

Have a question you want featured on an upcoming Flip Empire Show?

Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!

SUBSCRIBE To The Flip Empire Show, and Leave a Rating & Review!

Alex shares four lead gen strategies you can use today and three follow up strategies you can use to fully leverage your pipeline. If you are trying to bootstrap your marketing budget, then this is the podcast episode for you! Be sure to stay till the end to get Alex's 'accidental email' strategy!

Key Takeaways:

• Thank you so much for listening to these episodes!
• Let's talk about lead gen!
• Host a monthly meetup event! This is huge.
• Align yourself with like-minded individuals.
• Don't discredit it! There are other wholesale investors out there with good deals. Get to know your backyard.
• Create a deal matrix! Alex explains how he designs it.
• Get leads from your local wholesales.
• Most wholesales don't have a good follow up system!!
• Make a deal with them to get their dead leads.
• Don't have money? Don't have the time? Do joint venture partnerships.
• Alex does a quick recap.
• Once you've gotten your leads, now what?
• Try the 9 word email!
• Partner with a trustworthy realtor!
• Don't work with people who are difficult, no matter how much money you stand to make. Keep authentic!
• How do you do the accidental email?
• Love this episode? Let Alex know!

MENTIONED IN THIS EPISODE:

🚀 How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today ▶︎ https://www.AscendYourSuccess.com/

WHO IS ALEX PARDO? https://flipempire.com/about/

FOLLOW ALEX ON:

★ INSTAGRAM → http://instagram.com/alexpardo25 ★ FACEBOOK → https://www.facebook.com/alexpardo15 ★ LINKEDIN → https://www.linkedin.com/in/alex-pardo★ YOUTUBE → https://www.youtube.com/alexpardo.

TWEETABLES:

"It's extremely valuable relationship currency to deepen your network capital."

"You might be trying to bootstrap your business or you have a shoestring budget, reach out to every single wholesaler in your market."

"Life is too short to work with douchgebags. Don't work with anybody who is just going to be a pain in the butt!"

ASK ALEX A QUESTION:

Have a question you want featured on an upcoming Flip Empire Show?

Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!

SUBSCRIBE To The Flip Empire Show, and Leave a Rating & Review!

Alex is with you for a solo episode on this fine Monday morning! Who you know is your life blood in anything you do, which is why you should make networking a priority, but it can be hard with so many people still quarantining. Alex shares some of his best tips on how to network during the pandemic. He's also recently joined ClubHouse, so give him a follow too (@alexpardo)!

Key Takeaways:

• Is your year off to a hot start?
• Goals are one thing, but you have to have an empowering WHY to keep you going.
• When you're not feeling right, having an empowering WHY can help you push through your 'sluggish' days.
• Have you heard about ClubHouse?
• How does ClubHouse work?
• How can you be a better networker during the pandemic?
• Where would you rank your networking skills 1-10?
• Networking is all about building relationships and helping others.
• How can you connect with celebrities or influencers?
• When you're reaching out to someone cold, don't send them paragraphs or novels. Be direct and to the point!
• Don't try to be something you're not. Be Authentic!
• Relationship capital is the most valuable capital you can have.

MENTIONED IN THIS EPISODE:

Connect with Alex on Clubhouse: https://www.joinclubhouse.com/ and find him @AlexPardo.

🚀 How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today ▶︎ https://www.AscendYourSuccess.com/

WHO IS ALEX PARDO? https://flipempire.com/about/

FOLLOW ALEX ON:

★ INSTAGRAM → http://instagram.com/alexpardo25 ★ FACEBOOK → https://www.facebook.com/alexpardo15 ★ LINKEDIN → https://www.linkedin.com/in/alex-pardo★ YOUTUBE → https://www.youtube.com/alexpardo.

.. TWEETABLES:

"When you get face-to-face with somebody, the networking goes to a whole other level. But that shouldn't be an excuse not to refine and hone your networking skills."

"Networking is all about giving. It's all about serving."

"Lead with value, try to build rapport with people, and get to the point."

ASK ALEX A QUESTION:

Have a question you want featured on an upcoming Flip Empire Show?

Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!

SUBSCRIBE To The Flip Empire Show, and Leave a Rating & Review!

Alex shares his insights on how to switch your perspective when things aren't going in your favor. Last year was tough for many of us, and this year might have the same path, but whatever happens, focus on developing the mindset of someone who will prevail, no matter what!

Key Takeaways:

• There's alway time for reflection. What did 2020 teach you?
• We all have new year resolution goals, but how many of us actually keep them?
• When you focus on serving and helping others, ultimately that's the road to wealth.
• Sometimes by adding more to your plate, it's actually a distraction to your bigger goals.
• Life is a series of lessons learned.
• You can't see the gift in what you resist.
• Life is happening for you. Change your outlook on the problem!

MENTIONED IN THIS EPISODE:

🚀 How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today ▶︎ https://www.AscendYourSuccess.com/

WHO IS ALEX PARDO? https://flipempire.com/about/

FOLLOW ALEX ON:

★ INSTAGRAM → http://instagram.com/alexpardo25 ★ FACEBOOK → https://www.facebook.com/alexpardo15 ★ LINKEDIN → https://www.linkedin.com/in/alex-pardo★ YOUTUBE → https://www.youtube.com/alexpardo.

.. TWEETABLES:

"Things move forward and you gotta look back, and say hey, what did I learn?."

"Do I have the mindset of the person who is going to attract and achieve the things I want?"

"You'll get anything you want in life by helping others get what they want."

ASK ALEX A QUESTION:

Have a question you want featured on an upcoming Flip Empire Show?

Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!

SUBSCRIBE To The Flip Empire Show, and Leave a Rating & Review!

Ricardo Rosales came to Miami when he was 17 years old after living his entire life in Venezuela. When he left the military at 25 years old, he worked in the oil and gas industry, and although he was making a good income, he had golden handcuffs. Ricardo had been doing real estate as a side hustle for 10 years before he got laid off from his job and decided to go 100% into real estate. It was the best decision ever, but it definitely didn't come without its challenges. Ricardo shares his real estate journey on this week's episode!

Key Takeaways:

• Ricardo has been listening to Alex's show for many years!
• We need podcasts like this show more than ever. It opens the doors for many people.
• Ricardo had a good job when he got into real estate and it was a struggle balancing between leaving his safety net to do real estate full time.
• Who is Ricardo and when did he first come to the United States?
• Ricardo was an alcoholic by the time he was 15.
• What motivates Ricardo?
• Ricardo loves his dad. He wanted to be like his dad, but when he moved to Miami, he and his father started bumping heads.
• Ricardo had no interest in pursuing a college education, instead he joined the military.
• When Ricardo left the Navy, he had multiple $100k job offers in the Oil and Gas business, but he ended up picking the lowest paying job offer. He shares why.
• Ricardo is so grateful for taking that job. He basically took a $24k offer vs. a six figure offer because he could see a better future with the company.
• If you have a job, you need to invest in real estate!
• How did Ricardo get into real estate?
• Ricardo wished he had a mentor while he was trying to learn real estate.
• People were getting foreclosed on in 2008 and people were looking for places to rent.
• Ricardo shared some of the expensive lessons he's learned in real estate.
• What is the BRRR method?
• Ricardo got laid off from his job in 2015. This was a blessing!
• What did Ricardo's contracting and rehabbing company look like?
• Ricardo talks about Hurricane Harvey and the devastating effects it had on Texas.
• Ricardo nearly lost his business because of the disaster. All of his bank accounts were in red a year later.
• Ricardo could have freaked out, 2 lawyers told him he needed to file for bankruptcy, but he knew there was a better way out.
• When you have a big problem, your brain is working 24/7 to fix it.
• Reinventing yourself is part of life.
• Nothing is perfect. Your perfect plan will never go according to plan.

MENTIONED IN THIS EPISODE:

Connect with Ricardo: Moredealsthanthegurus.com

ASCEND:

Don't Wait To Enjoy Your Life Tomorrow, Live It Today! How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:

🔊 LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts ▶︎ http://www.flipempire.com/podcast 📺 SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW ▶︎ https://www.youtube.com/alexpardo 🚀 How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today ▶︎ https://www.AscendYourSuccess.com/

FOLLOW ALEX ON:

★ INSTAGRAM → http://instagram.com/alexpardo25 ★ FACEBOOK → https://www.facebook.com/alexpardo15 ★ LINKEDIN → https://www.linkedin.com/in/alex-pardo★ YOUTUBE → https://www.youtube.com/alexpardo.

. TWEETABLES:

"There is a better way. It's just a lot of people don't know. I didn't know for many years because I had the golden handcuffs."

"If the environment that I have is not serving me at the time. I change it completely."

"I was getting paid on my results. I wasn't getting paid on a salary anymore. So I knew the more I worked and the more I leveraged other people, the bigger we'd grow."

ASK ALEX A QUESTION:

Have a question you want featured on an upcoming Flip Empire Show?

Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!

SUBSCRIBE To The Flip Empire Show, and Leave a Rating & Review!

In Part 4 of this four-part masterclass, we have four great real estate investors who are invested in two different asset classes: Self-storage vs. Mobile homes. On the Self-Storage side, we have Scott Meyers and Michael W. Wagner and on the Mobile Home side, we have Kevin Bupp and Ryan Narus. These four guys battle it out and break down which asset class is best in areas of Acquisitions, Dispositions, Financing, Management, and Construction! The final round is the Bonus Round! Btw, all donations that come from this episode will go to fund We Are Graces, a charity in Guatemala that's close to Alex's heart.

Key Takeaways:

• Let's make this an open-ended round.
• What do potential mobile home investors need to be aware/think of when investing in this asset class?
• So many investors have so much pride in the mobile home asset class. They're truly helping people.
• The reality TV shows in mobile homes are also so much better!
• The self-storage guys share some thoughts to think about in self-storage.
• Get out of the rat race and invest!
• Private equity and hedge funds are chasing both of these asset classes.
• Self-storage is simple and anyone can break into it.
• It's so important to dial in on why you want to invest in these asset classes. Because when the going gets tough, that's going to be the thing to hold you over.
• If you're unable to donate, please share this episode!
• These families in Guatemala live on $186 a month.
• The guys end the episode with a quick Q&A!

MENTIONED IN THIS EPISODE:

Connect with Scott: Selfstorageinvesting.com

Connect with Michael and plug into The Storage Rebellion Community

Connect with Kevin: Kevinbupp.com Connect with Ryan: Archimedesgrp.com

IMPORTANT: VOTE for who won the Debate by Making a Donation to Graces, and Gain Access to All the Valuable Self-Storage & Mobile Home Resources

ASCEND:

Don't Wait To Enjoy Your Life Tomorrow, Live It Today! How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:

🔊 LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts ▶︎ http://www.flipempire.com/podcast 📺 SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW ▶︎ https://www.youtube.com/alexpardo 🚀 How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today ▶︎ https://www.AscendYourSuccess.com/

FOLLOW ALEX ON:

★ INSTAGRAM → http://instagram.com/alexpardo25 ★ FACEBOOK → https://www.facebook.com/alexpardo15 ★ LINKEDIN → https://www.linkedin.com/in/alex-pardo★ YOUTUBE → https://www.youtube.com/alexpardo.

. TWEETABLES:

"You got to pick the asset class that's best aligned with you and our personality."

"It's a dream worth chasing, and that's real estate ownership."

"There are all of us on this panel who can point to real estate where it literally gave us an opportunity to experience something in our life that you can't put money on."

ASK ALEX A QUESTION:

Have a question you want featured on an upcoming Flip Empire Show?

Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!

SUBSCRIBE To The Flip Empire Show, and Leave a Rating & Review!

In Part 3 of this four-part masterclass, we have four great real estate investors who are invested in two different asset classes: Self-storage vs. Mobile homes. On the Self-Storage side, we have Scott Meyers and Michael W. Wagner and on the Mobile Home side, we have Kevin Bupp and Ryan Narus. These four guys battle it out and break down which asset class is best in areas of Acquisitions, Dispositions, Financing, Management, and Construction! This episode dives into construction and management. Btw, all donations that come from this episode will go to fund We Are Graces, a charity in Guatemala that's close to Alex's heart.

Key Takeaways:

• These debates have raised almost $11,000 for the children and families of Antigua Guatemala, so thank you!!!
• Today's debate goes into construction and management!
• The mobile home guys discuss why construction is better in mobile homes.
• The supply in self-storage is everywhere!
• Mobile homes are a scarce and growing asset. You build legacy wealth with mobile homes.
• The guys dive into why self-storage is better.
• When a recession happens, self-storage still prospers.
• Can the big guys come in and squeeze out the little guy?
• You can double your money on a construction that took 3 weeks with self-storage. This isn't a 'one off' deal either. These deals are commonplace!
• The mobile home guys rebuttal.
• Smaller guys CAN get into mobile homes!
• Self-storage guys rebuttal.
• At the end of the day, which of these asset classes is more efficient?
• No matter what, get some mentoring so you understand the financials.
• Why is management better in self-storage? The guys weigh in.
• You can automate so much in self-storage.
• People can move in and out without ever talking to one of the management guys.
• It takes Michael 1-2 hours a week of work to generate all the money his family needs.
• The highest expense in any business is payroll! You don't have that in self-storage.
• The laws are also on your side when it comes to self-storage.
• The mobile guys discuss why management is the better asset class.
• You can automate a lot of the mobile home business too!
• The average tenant stays for 14 years.
• It takes only one employee to manage 100+ pads.
• Most of your time is spent on rent week in the mobile home space.
• Self-storage guys do a rebuttal.
• There are so many horror stories on mobile home park management.
• Sure, tenant-owned homes might be great, but park-owned homes are disastrous.
• The mobile home guys do a rebuttal!
• You can really burn yourself in both asset classes.
• Park-owned homes are not a killer. It's in fact very lucrative.

MENTIONED IN THIS EPISODE:

Connect with Scott: Selfstorageinvesting.com

Connect with Michael and plug into The Storage Rebellion Community

Connect with Kevin: Kevinbupp.com Connect with Ryan: Archimedesgrp.com

IMPORTANT: VOTE for who won the Debate by Making a Donation to Graces, and Gain Access to All the Valuable Self-Storage & Mobile Home Resources

ASCEND:

Don't Wait To Enjoy Your Life Tomorrow, Live It Today! How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:

🔊 LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts ▶︎ http://www.flipempire.com/podcast 📺 SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW ▶︎ https://www.youtube.com/alexpardo 🚀 How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today ▶︎ https://www.AscendYourSuccess.com/

FOLLOW ALEX ON:

★ INSTAGRAM → http://instagram.com/alexpardo25 ★ FACEBOOK → https://www.facebook.com/alexpardo15 ★ LINKEDIN → https://www.linkedin.com/in/alex-pardo★ YOUTUBE → https://www.youtube.com/alexpardo.

. TWEETABLES:

"There's no sugar coating that it's really difficult to build new and building new pads is a pain in the butt in mobile homes."

"We don't have to fight city hall to get a new home put on there with self-storage. We just sweep out the unit and hit a button on the website.."

"Always be looking for value-add, looking for ways to create value when you close on a facility or mobile home park in the beginning. And also get some mentoring."

ASK ALEX A QUESTION:

Have a question you want featured on an upcoming Flip Empire Show?

Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!

SUBSCRIBE To The Flip Empire Show, and Leave a Rating & Review!

In Part 2 of this four-part masterclass, we have four great real estate investors who are invested in two different asset classes: Self-storage vs. Mobile homes. On the Self-Storage side, we have Scott Meyers and Michael W. Wagner and on the Mobile Home side, we have Kevin Bupp and Ryan Narus. These four guys battle it out and break down which asset class is best in areas of Acquisitions, Dispositions, Financing, Management, and Construction! This episode dives into dispositions and financing. Btw, all donations that come from this episode will go to fund We Are Graces, a charity in Guatemala that's close to Alex's heart.

Key Takeaways:

• Be sure to listen to Round 1!
• How has the downturn affected these two asset classes?
• Mobile home parks guys start first and talk about dispositions.
• Why do mobile home parks have such a big upfront investment?
• It's easier than ever before to acquire a mobile home property and leverage debt to get it.
• A smaller investor can make a killing if they do decide to exit out.
• Why is self-storage a superior asset class when it comes to dispositions?
• The asset class with the lowest default rate is self-storage.
• Self-storage works well in both good and bad economies.
• Michael shares a personal disposition story on his self-storage units.
• Let's lean on the data. The mobile home guys' rebuttal.
• You don't need a broker for both asset classes.
• The self-storage guys have some comments about why mobile homes are not the superior asset class when it comes to dispositions.
• Storage is an expanding industry.
• Banks will lend on self-storage first, not on mobile homes.
• Let's dive right into financing! Self-storage goes first.
• You can get loans up to 90% on your self-storage property.
• Self-storage will never shut down. There are also no evictions. The law is on your side.
• Mobile homes have Fanny and Freddie in their corner.
• It's true. Mobile homes are about 10–15 years behind when it comes to leveraging debt and loans.
• Every dollar Ryan puts into the mobile home space, he gets $4 in return.
• Self-storage guys' rebuttal.
• What's the difference between a 1-star vs. 5-star mobile home park?
• Tune in next week for the next round of self-storage vs. mobile home debates!

MENTIONED IN THIS EPISODE:

Connect with Scott: Selfstorageinvesting.com

Connect with Michael and plug into The Storage Rebellion Community

Connect with Kevin: Kevinbupp.com Connect with Ryan: Archimedesgrp.com

IMPORTANT: VOTE for who won the Debate by Making a Donation to Graces, and Gain Access to All the Valuable Self-Storage & Mobile Home Resources

ASCEND:

Don't Wait To Enjoy Your Life Tomorrow, Live It Today! How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:

🔊 LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts ▶︎ http://www.flipempire.com/podcast 📺 SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW ▶︎ https://www.youtube.com/alexpardo 🚀 How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today ▶︎ https://www.AscendYourSuccess.com/

FOLLOW ALEX ON:

★ INSTAGRAM → http://instagram.com/alexpardo25 ★ FACEBOOK → https://www.facebook.com/alexpardo15 ★ LINKEDIN → https://www.linkedin.com/in/alex-pardo★ YOUTUBE → https://www.youtube.com/alexpardo. TWEETABLES:

"There are only approximately 42,000–49,000 mobile home parks in existence. It's a niche asset class."

"The asset class with the lowest default rate is self-storage, historically, because we do well during good times and very well in a bad economy."

"Mobile home parks on average are trading at sub six caps, even in secondary and tertiary markets. The demand is outpacing self-storage."

"Storage is the new iPhone and mobile home parks are the fax machine."

ASK ALEX A QUESTION:

Have a question you want featured on an upcoming Flip Empire Show?

Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!

SUBSCRIBE To The Flip Empire Show, and Leave a Rating & Review!