67 min listen
596: The 3 Ways to Find Profitable Properties that Big Investors Won’t Touch w/Amanda Cruise
596: The 3 Ways to Find Profitable Properties that Big Investors Won’t Touch w/Amanda Cruise
ratings:
Length:
58 minutes
Released:
Apr 14, 2022
Format:
Podcast episode
Description
Mobile home park investing wasn’t very attractive until a few years ago. Thanks to big names in the mobile home park space (like BiggerPockets’ own Brandon Turner), the mobile home investing game has become one of the hottest commodities in the world of real estate investing. But it must take a huge jump to go from investing in single-family rentals to double-digit-unit parks, right?Today’s guest, Amanda Cruise, is here to tell you that bigger doesn’t always mean more challenging. She actually got out of single-family rental investing due to the non-stop headaches of dealing with contractors, property managers, and tenant maintenance problems. She started doing “Lonnie Deals” where she would seller-finance mobile homes to local buyers. Soon, after enough success, she moved on to tackling entire mobile home parks!But how did Amanda beat out the competition when the mobile home park space is so hot? Thankfully, Amanda shares her three top tips on getting around institutional investors so you can purchase cash-flowing mobile home parks, without the headaches of syndicating or raising vast amounts of capital.In This Episode We Cover:“Lonnie Deals” and seller financing mobile homes for profitWhy changing title on a mobile home is far easier than on a traditional homeFinding motivated sellers and how to slide under the radar of institutional investorsScaling your team and the “must-have” roles when buying mobile home parksThe not-so-secret way to get a list of mobile home park owners in your areaThe true “value-add” opportunities to look for in a mobile home parkAnd So Much More!Links from the Show:CraigslistFacebook MarketplaceAirbnbLoopNetCoStarSarah Weaver's WebsiteDavid's InstagramDavid Greene's Real Estate YouTube ChannelRob's TikTok ProfileRob's InstagramRob's Youtube ChannelBiggerPockets Podcast 563: W2 Retired and Traveling the World with Just 15 Units w/Sarah WeaverRobuilt YouTube Channel: Why I’m buying a $3,250,000 Airbnb in ArizonaBrandon Turner's InstagramMobile Home Park Investing Course by Amanda CruiseConnect with Amanda:Freebies from Amanda's Company WebsiteAmanda's InstagramCheck the full show notes here: https://biggerpockets.com/blog/real-estate-596See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Apr 14, 2022
Format:
Podcast episode
Titles in the series (100)
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