The Mobile Home Park Lawyer Podcast Ep. 134 | Interview With MHP Owner Bryce Robertson How To Mitigate Risk in Underwriting
In this week’s episode, we have Bryce Robertson, known as “Your Real Estate Mate”, an Aussie-born real estate entrepreneur, adventurer, and founder of PropertyWorkz.
After several trips around the world, Bryce decided to focus on real estate investing to achieve his goal of having a freedom lifestyle. He began acquiring a $570,000 mobile home park with a negative net worth, unseasoned credit, and a mere $2,000 in the bank. By using his skills in underwriting, education in economics, and the power of syndication he successfully teamed up with some of the best operators in the US and expanded US real Estate Investing around the world.
If you are looking for a sign to start your journey in real estate investing — especially in Mobile Home Parks, you don’t want to miss this episode. Ferd and Bryce tackle the impact of underwriting deals, how to mitigate risks, aggressive managing, and how to take the first step in real estate investing.
Highlights of the episode:
00:32 - Introduction of the guest
01:01 - Background of the guest
02:42 - Recreating Freedom Lifestyle
03:19 - Focusing on Real Estate
04:36 - Getting the deal in the finish line
06:41 - Impact in underwriting on Deals
08:05 - Conservative Underwriting
09:41 - Mitigating Risk and Projecting Returns to our Investor
13:26 - Finding deals in market
14:47 - Being in a Tertiary Market
15:53 - Importance of winning deals
17:50 - Private Utilities
18:38 - Conservative Underwriter and Aggressive manager
20:30 - Approach in Remodeling
23:22 - All about Contractors
25:50 - Taking the First Step
Notable Quotes
The last, two, three, four years the industry we all know has changed considerably from a competition standpoint. A lot of private equity is buying up all kinds of lots, of new entrants from the minor league guys to the major league guys. - Ferd
In a competitive environment we need to set ourselves apart and what's your niche. - Ferd
Connecting with the Guest
Website: http://www.propertyworkzusa.com/
Email: bryce@propertyworkzusa.com
Phone Number: (949) 954-0880
Connecting with MHP Law:
Website: https://themobilehomelawyer.com/
Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069
LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/
Instagram: https://www.instagram.com/themhplawyer
#MobileHomePark
#ConservativeUnderwriting
#MobileHomeParkSyndication