SPC096 - Interview - Kevin Bupp - Mobile home investing

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Show notes:

Mobile home investor

His business is not simple or passive

did no go from a career to REI

Started when was 19 years old

Started buying SFHs and 2008 changed things and made Kevin Rebuild

MFH was not scaleable

Then was introduced to mobile home parks

Everyone should start smaller to learn about working with tenants

Anti turnkey rentals 1) based on comps 2) buying retails

Cap rates are only important on the sale

Only look at cash on cash return (not IRR)

used 35% expense ratio

Work with the broker to come to a price - can you help me understand?

MHP have 50/50 LP GP splits where MFH has a little high 70/30 split

40K a year and under, people making 12-15 dollars an hour

Excercise is the success tip

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