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Mike (@TheRealEstateG6): Zero To One In Real Estate

Value Hive Podcast

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RV Parks - What Are Some Mistakes to Avoid?

The operating and multi-family building is the easiest business in the world. You're buying it into a currently profitable business with 60% to 70% margins. That's why all these generational real estate families, even the idiot son and idiot like grandson can't mess it up. It's just almost impossible. The RV park is completely different, right? You're almost operating. Sometimes a hospitality asset. And it has difficulties in that you almost need a GM on site a lot of the time versus a property manager who's really not doing much. So I think it's a completely different way of looking at it.

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