{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/596ee8b36b3475a168b0d8f5/5a78232ab66e5bdb11780f21?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"SPC096 - Interview - Kevin Bupp - Mobile home investing","description":"<p>Text “simple” to 314-665-1767 to get access to the Hui Google Drive files and the website/podcast via email.</p><p><br></p><p>Text “deals” to 314-665-1767 to join the Hui Deal Pipeline Club and get in on the dealflow!</p><p><br></p><p>Show notes:</p><p>Mobile home investor</p><p>His business is not simple or passive</p><p>did no go from a career to REI</p><p>Started when was 19 years old</p><p>Started buying SFHs and 2008 changed things and made Kevin Rebuild</p><p>MFH was not scaleable</p><p>Then was introduced to mobile home parks</p><p>Everyone should start smaller to learn about working with tenants</p><p>Anti turnkey rentals 1) based on comps 2) buying retails</p><p>Cap rates are only important on the sale</p><p>Only look at cash on cash return (not IRR)</p><p>used 35% expense ratio</p><p>Work with the broker to come to a price - can you help me understand?</p><p>MHP have 50/50 LP GP splits where MFH has a little high 70/30 split</p><p>40K a year and under, people making 12-15 dollars an hour</p><p>Excercise is the success tip</p>","author_name":"Lane Kawaoka, PE"}