Ritter on Real Estate Investing In Mobile Home Parks with Kevin Bupp
On today’s episode of Ritter on Real Estate we get together with Kevin Bupp to hear all about what he’s learned over the course of his twenty years of investing in real estate. Kevin is the founder and CEO of Sunrise Capital Investors, a company that invests in mobile home parks, parking lots, apartments, offices, and single-family homes all across the US. Kevin has also spent years sharing his expertise through the Mobile Home Park Academy, educating investors on how to identify, acquire and grow exceptional returns on investment in the unique asset class of mobile home park investing. He is also the host of the popular podcast Real Estate Investing for Cash Flow. In our conversation with Kevin, we talk about how he first got into real estate and why it’s so important to take action when an opportunity presents itself. He also expresses his gratitude for finding real estate at such a young age and reflects on how it changed the course of his life. We dive into the unique nature of investing in mobile home parks, why it is Kevin’s favorite asset class, and how it differs from investing in multi-family properties. Tuning in you’ll hear Kevin outline what he looks out for when acquiring mobile homes and how location and demographics factor into his decision-making process. We had a fascinating conversation with Kevin and we’re sure you will find it every bit as eye-opening and informative as we did. For all this, and much more, join us today!
Key Points From This Episode:
- Introducing today’s guest Kevin Bupp.
- Kevin shares how first became enthusiastic about real estate.
- How Kevin was mentored in real estate by the father of a woman he dated in college.
- The importance of taking action when you are given an opportunity.
- We hear from Kevin about why mobile home parks are his favorite asset class.
- The key differences between investing in mobile home parks and multi-family units.
- The lack of third-party management companies that specialize in mobile home parks in the US.
- The challenge this poses to scaling your investments in mobile home parks.
- The necessity of building a property management company when doing scaled investing in mobile home parks.
- How private equity investing in the mobile home park equity class has affected the industry.
- Kevin discusses when selling is justifiable as an investment company.
- How Kevin factors location and demographics into his decision when investing in mobile homes.
- What Kevin has observed with rising rent costs and the popularity of mobile homes.
- The benefits and risks of mobile home park investing.
- We hear about Kevin’s keys to success.
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Production by Outlier Audio