Real Estate Investing for Cash Flow with Kevin Bupp
MHP #769: Getting Started in MHP Investing While Working a Full-Time Job
Jul 17, 2024
Corey, a mobile home park investor, shares his inspiring journey from the corporate world to real estate. He highlights the unique challenges of transitioning while maintaining a full-time job. Corey discusses effective strategies for scaling his investments, including flipping mobile homes and managing tenant relationships. He emphasizes the importance of networking and building connections with community managers. Through persistence and strategic renovations, Corey unlocks the lucrative benefits of investing in mobile home parks.
30:48
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Quick takeaways
- Corey Woodruff transitioned to mobile home park investing by focusing on lower entry costs and the profitability of owning entire parks.
- He emphasizes the importance of building relationships with brokers and community managers to acquire lucrative off-market deals and used homes.
Deep dives
The Journey to Full-Time Mobile Home Park Investing
Corey Woodruff shares his transition from a full-time job to becoming a full-time mobile home park investor. Initially working in a private membership campground, he inspired to enter real estate after witnessing the success of his employer. Cory explored various options but discovered mobile home parks due to lower entry costs compared to house flipping. His passion grew when he realized that owning an entire park was more profitable than managing multiple individual homes, ultimately leading to his decision to pursue this niche full-time.
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