Mobile Home Parks, real estate investing

5 Reasons To LOVE Mobile Home Parks

mob home park street

Most people overlook mobile home parks as an investment vehicle due to negative perceptions about the kinds of people that might live there or what they represent (poor, dirty, untrustworthy, etc).  If you look at the picture above, many might find it unappealing, be turned off and not consider the park’s potential as a great investment.  From an investor’s standpoint, we have found that there are many reasons to LOVE mobile home parks.  Here are 5 of them: Continue reading “5 Reasons To LOVE Mobile Home Parks”

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Getting started in real estate investing, real estate investing

5 Books That Will Make You a Better Real Estate Investor

In the process of acquiring our 100+ unit real estate portfolio, I have come across many sources of great information.  BiggerPockets.com is one of my favorites, but they are pretty new for me; I have only been using them since 2016, even though I have been investing since 2007.

Books have been the biggest source of information and inspiration to help get me started and guide me along the way.  These 5 are the most unusual sources of inspiration, since they aren’t really real estate investing books per se, but they have been instrumental in guiding my choices.  Read one or all, but you’ll certainly learn something from each one. Continue reading “5 Books That Will Make You a Better Real Estate Investor”

Getting started in real estate investing, real estate investing

Get your SH*T together…a 12 step plan!

hard-quotes-hustle-quotes

 

As more people reach out to me seeking advice about dipping their toes into the rental real estate investment waters, it occurs to me that most people don’t have their SH*T together enough to get started.  They don’t have a plan, they don’t have their financial affairs organized, they don’t have their team assembled, they don’t know what kinds of properties they want–that’s right, they don’t have their poop in a group.  And, while I am happy to help out, no amount of my advice is going to do you any good if you don’t get your crap figured out first.

By crap I mean your finances, your goals, your team and your strategy for real estate investing.  Here’s a 12 step plan that will definitely help you get your SH*T together and get you moving in the right direction: Continue reading “Get your SH*T together…a 12 step plan!”

real estate investing

Interested or Committed?

In the process of real estate investing, I often talk to acquaintances who indicate they would like to do the same thing, but have not yet made the leap.  It’s easy to see that they really are envious of the work that we have done to acquire our $3M rental property side hustle.  While this may (or may not…depending on your personal perspective) sound like a lot of property, consider that it has taken us over 11 years to acquire this portfolio and required that we jump off the ‘interested’ wagon and become ‘committed’ to the process.

But, more importantly, the purpose of this post is to talk about the difference between being ‘interested’ vs. being ‘committed’.  The way I see it, many of those acquaintances who I talk to are merely ‘interested’, but they have not yet made the leap to ‘committed’.  What’s the difference?  Continue reading “Interested or Committed?”

real estate investing

5 Creative Financing Ideas

Creative Financing

A common response I hear from others when I talk about my real estate investments is, “I wish I was doing what you are doing.”  Many have shared with me that they have an ‘interest’ in getting started, but they are not yet ‘committed’ and haven’t made the jump into the game.  While it’s up to each individual to decide their commitment level, their resources and how/where/when they’ll begin their real estate investments, creative financing for that first deal can be the difference maker for you between just being interested and actually getting started!

Here are 5 Creative Financing Ideas that I have personally used: Continue reading “5 Creative Financing Ideas”