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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

FromBiggerPockets Real Estate Podcast


596: The 3 Ways to Find Profitable Properties that Big Investors Won’t Touch w/Amanda Cruise

FromBiggerPockets Real Estate Podcast

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)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.