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Mobile Homes & Parking Lots: Successful Investing in Two Underrated Assets w/ Kevin Bupp

by Jonathan Twombly
Last Updated: May 31, 2023

From a chance encounter with a retired banker, Kevin Bupp stumbled upon an unexpected investment opportunity in mobile home parks and parking lots. But what happened next was a twist that no one saw coming. What was it and how did Kevin overcome it? Find out in this gripping transcript.

“I realised that there was a better way…Mobile home parks have a lot of similarities in multifamily properties. It’s a different type of vehicle – literally!” 

In this episode, you will be able to:

👉Discover the financial perks and challenges tied to mobile home park investments, along with their potential for growth.

👉Uncover the need for affordable housing options to meet the growing demands of service workers.

👉Learn how to recognize prime locations and enlist professional management for parking garage investments.

👉Realise the importance of education and networking in the pursuit of successful real estate investment ventures.

About Kevin Bupp

Kevin holds the keys to successful real estate investment. With over two decades of

experience, Kevin educates investors on how to locate, acquire, and create “higher than average” returns through commercial real estate investing. He shares his expertise through one of the longest-running Commercial Real Estate Investing Podcast, “Real Estate Investing for Cashflow” which has been downloaded millions of times by listeners in over 190 countries.

Kevin is a principal & founder of Sunrise Capital Investors, a boutique real estate private equity firm that specialises in niche commercial real estate investments.

In addition to his Real Estate endeavours, Kevin is passionate about giving back and is actively involved in multiple charitable organisations.

Some key points:

(01:53) Mobile home investing hasn’t always been a respectable business
(06:36) Making the first mobile home deal in the early 2010s
(10:28) Kevin’s business model: own the pads, not the homes themselves
(14:07) Renting out vs selling mobile homes
(16:03) Do people decide to just pack up and take their mobile homes on the road?
(16:57) How to evaluate mobile home assets
(19:08) Many mobile park assets are behind the market for two reasons
(21:00) The biggest CapEX cost for mobile home plots is infrastructure
(23:01) The cost of renovating an out of shape mobile home plot
(25:53) The ROI on renovating a typical mobile home plot
(26:46) Mobile home parks and the effect of the rising interest rates
(28:39) Mobile home supply is shrinking. Is manufactured housing the answer to the affordability crisis?
(35:04) Parking garages as an investment: it’s a cash-flow and covered land play
(37:58) Operating parking lots is very simple in terms of meintenance and services
(44:33) Parking lots often have higher potential as redevelopment assets
(45:20) Kevin’s new book and closing thoughts

🌎Reach out to Kevin Bupp

Website https://kevinbupp.com/
LinkedIN https://www.linkedin.com/in/kevinbupp
Instagram https://www.instagram.com/buppkevin/?hl=en
Real Estate Investing for Cash Flow with Kevin Bupp

🌎Reach out to JonathanTwombly
LinkedIn: https://www.linkedin.com/in/jonathandtwombly

Loved this episode? Leave us a review and rating on Apple podcasts by clicking here.

Make sure to also check some of our previous episodes:

Going From Working In Hospitality To Multifamily Investing & Hotel Conversions With Charlie Rushton

Hotel Conversions To Multi Family Housing With David Peters

🎤 Podcast production EZPZ Productions

Listen now!

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