Mobile Home Parks In Real Life (MHP_IRL) From 0 MHPs to 10 in Under 12 Months?!?! Interview with Beau Wiltshire of Fortify Capital Group
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Feb 1, 2022 Beau Wiltshire, an active-duty military member turned full-time real estate investor, shares his remarkable journey of acquiring 10 mobile home parks in Fayetteville, NC, within just 12 months. He discusses the challenges of today's competitive market and how mentorship played a pivotal role in his success. Beau highlights the importance of building community connections and adapting strategies to navigate the complexities of mobile home park investments. His insights on wealth preservation and fostering resident care bring a refreshing perspective to real estate investing.
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Focus Locally and Build Relationships
- Focus intensely on one market and build relationships in that area.
- Meeting many owners locates sellers ready to transact within a large local pool.
Use Local Networks to Compete
- Focused buyers can leverage relationships to outperform generalists in competitive markets.
- Deep local networks provide access to trusted service providers and opportunities others can't compete for.
Unexpected Challenges in Growth
- Beau faced unexpected hurdles like staff turnover and incomplete seller disclosures.
- He had to scramble to build effective due diligence and management while scaling rapidly.
