Real Estate Investing for Cash Flow with Kevin Bupp

Today's episode is from Mobile Home Park #27 that origianlly aired on Sep. 27 2016. Our experience in a park we own in Raeford, NC. We recently acquired this park and quickly realized that both the on-site management and maintenance staff needed to be replaced ASAP! We discuss how we quickly identified the challenges associated with their poor performance and how we handled the transition with a completely new management team. This is a common scenario you will experience when purchasing turnaround or distressed mobile home parks and so we thought you might learn from our personal experience. Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Dan Haberhosk is the founder and CEO of Front Range Land and Mason McDonald Founder of Colorado Land Acquisition services and both of which are investment firms that focus on raw land investments. This runs the gamut of in fill plots of land in suburban areas, rural tracts, ranches, land development and much more. While Dan and Mason run their own independent investment firms, they co-own a lending company that specializes in lending on raw land. For that, I thought it would be fun to have them both join the show. Dan Haberkost https://danbercot.com Instagram: @danbercot Mason McDonald Instagram: @masonrmcdonald 🎙️ The Big Picture Blueprint – Available on all major platforms. Highlights: 3:00 - From Corporate Climb to Land Hustle 8:00 - Why Land Is the Wild West of Real Estate 17:00 - Seller Financing as a Wealth Machine 31:00 - The Goldmine Gamble in Alaska Quote: “The beauty of land is that, literally from the ground up, you're controlling the asset, there are layers of value each step of the way.” Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Today's Flash Back Friday episode is form #705 that originally aired on Feb 12 2024. Sean is owner of Bold Estimation, one of the largest out sourced construction estimation companies in the United States with nearly 100 employees. In addition to his estimation firm, Sean also specializes in building affordable housing out of shipping containers. His own personal residence is a 5,000 sq ft home that utilizes six shipping containers as the basis of the design. With this unique construction method, he’s been able to build affordable housing communities with costs as low as $75/sq ft all-in. Connect with Sean: https://www.boldestimation.com/ Highlights: 4:51 - Financing 8:05 - Challenges & Layout 11:45 - Other uses for Shipping Containers & Cost Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Today's episode is from Mobile Home Park #22 that originally aired on Aug 23 2016. The specifics on how to successfully determine market demand while performing your pre-purchase due diligence. After all, the last thing you want to do is purchase a park in a market that has little to no demand for your product. Our step-by-step process of using both craigslist and bandit signs to prove the overall demand for the park you’re purchasing. We will also share some tips and strategies on how to turbo boost your marketing efforts once you close on your acquisition to ensure maximum exposure. Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Kaaren Hall, founder and CEO of uDirect IRA Services. Kaaren’s been in the real estate and financial services space for over two decades, and she’s helped thousands of investors take control of their retirement accounts by investing outside the stock market, into things like real estate, private placements, notes, and more. We cover the basics of self-directed IRAs, the opportunities and limitations, the biggest myths, and some of the advanced strategies that even experienced investors may not be fully taking advantage of. Connect with Kaaren: https://udirectira.com/ Highlights: 01:00 – What Exactly Is a Self-Directed IRA? 03:00 – Getting Started: Open, Fund, Invest 07:00 – Using Leverage in a Self-Directed IRA 10:00 – Syndications & Due Diligence 15:00 – The Rules You Can't Break 19:00 – New Roth Rules & Low Fees Quote: “Self-directed IRAs are a piece of the puzzle in your retirement and it’s the piece that gives you the freedom to invest in what you know best.” Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Today's Flash Back Friday episode is from #669 that originally aired on Nov 13, 2023. Dakota Malone is the founder of Community Solar Authority, a group that consults with and advises land and commercial real estate owners on how to best monetize their assets by integrating solar in an effort to unlock hidden revenue streams. Quote: “You can’t just go throw solar panels on all residential, or all commercial properties; the roof, the financing, the shading, there’s a million reasons why it won’t work. That’s why the deployment of these renewable assets, in the form of solar farms, are becoming so popular. Highlights: 7:05: What a long term roof lease look like 12:13: Talking about the upkeep of the solar roof lease 18:06: Considerations for investing in the solar business Guest Websites: https://www.linkedin.com/in/dakotamalone www.communitysolarauthority.com Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Today's episode is from Mobile Home Park #20 that originally aired on Aug 16 2016. Charles demystifies the incredible important process of defining your investment criteria. He’ll share his opinions on the various park types, why you should think twice about buying a small park, and how you can best determine what your own personal investment criteria should be when it comes to buying the “ideal park”. Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Derek Vickers is the CEO of Vicktory Capital, a rapidly growing investment firm focused on acquiring and operating mobile home communities across the Southeast. Derek got his start as a door-to-door insurance salesman prior to transitioning into real estate and ultimately found his niche in the affordable housing space. Since then, he’s built an impressive portfolio and team, all while navigating a tough interest rate environment, rising competition, and shifting macro trends. Learn about Derek's strategies and trends! Connect with Derek: wellingscapital.com, Resources page: wellingscapital.com/resources Highlights: 3:10 – From Insurance Sales to Mobile Home Parks 5:50 – First Deal Failures and Lessons 9:30 – The Systems That Scaled 13:45 – Remote Management Without On-Site Managers 16:20 – Value-Add Strategy That Works 20:15 – How to Attract & Keep Quality Tenants Quote: “We’re not just filling lots—we’re building communities people are proud to live in.” Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Today's Flash Back Friday episode is from #735 that originally aired on Jun. 10, 2024. Brian Davis is a recovering landlord and ex-employee who today invests $5,000 at a time in passive real estate investments. He’s also a personal finance writer, and cofounder of SparkRental with over two decades in real estate and finance. Brian owns fractional shares in over 2,500 units, and regularly contributes as a real estate and personal finance expert for Bigger Pockets, Inman, Best Ever Real Estate, GOBankingRates and more. Along with his wife and daughter, he spends most of the year overseas-hiking, cooking, scuba diving, and surfing. Highlights: 3:28 - The Birth of SparkRental 11:03 - Brian's Business Model 14:23 - Brian's Asset Classes/Favourites 16:43 - Being Apart of The SparkRental Club 21:43 - Brian's Unique Lifestyle Connect with Brian Davis: SparkRental.com | brian@sparkrental.com Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Today's episode is from Mobile Home Park #19 that originally aired on Aug. 19, 2016. Charles and I will be discussing how to successfully turnaround and reposition a distressed mobile home park. Buying a turnaround park isn’t for everyone, but if executed properly, your efforts should reward you handsomely in both substantial returns on your investment as well as huge amounts of built in equity and cash flow. But on the flipside, buying the wrong distressed park might potentially lead you into a downward tailspin, which will inevitably lead you to a financial loss. Our goal is to educate you so that you only buy the distressed parks that make sense. Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Welcome back someone who’s a thought leader and a seasoned investor in the commercial realestate space, Paul Moore. The founder and managing partner of Wellings Capital, a firm that helps passive investors gain access to high-quality commercial real estate deals across recession resistant asset classes like self-storage, mobile home parks, light industrial and multifamily housing. Today, we’re going to dive into Pau's approach to building long-term wealth, his take on the current market cycle, and what Wellings Capital is doing differently in today’s environment. Connect with Paul: wellingscapital.com Highlights: 2:30 – From Speculator to Investor 4:45 – The 80/20 Rule in Real Estate 7:30 – Self-Storage: Overbuilt or Underrated? 12:30 – Adapting with Preferred & Hybrid Equity 16:00 – Vetting Sponsors the Right Way 24:00 – The Power of Boring Investing Quote: “The smartest investors are the boringest investors. They don’t chase — they compound.” Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Today's Flashback Friday episode is from #768 that originally aired on July 15, 2024. Dale is the owner & founder of Centra Capital Partners, a ground up, single family development firm based out of the Twin Cities. Since starting the company, he has overseen the development of more than 1,500 homes across 50+ projects totaling more than $500 million in project value. The Centra Team controls the developments from start-to-finish leveraging it's industry experts to source, entitle, build, and sell each home, which allows them to control costs, control risk, and adhere to the schedule. Quote: "One of the things I love about real estate is you are impacting lives for the good, you are creating something that's going to last for generations." - Dale Wills Highlights: 4:55 - Dale owning RadioShacks 8:35 - Focusing on First Time Buyers 10:45 - Becoming More Efficient During Hard Times 15:22 - Navigating Offering Lower Prices 21:39 - What Makes Dale Excited About The Future Connect with Dale: centracapitalpartners.com Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Today's episode is from Mobile Home Park #16 that originally aired on July 28, 2016. Charles and I will discuss mistake number 8 from our popular eBook, “The 21 Biggest Mistakes Investors Make When purchasing their First Mobile Home Park…and how to avoid them.” One thing we see often is that many investors will choose to look for parks locally for the sole purpose of being near the park. There is nothing wrong with being close to your park, but you definitely don’t need to be. If you find that you live in a market where CAP rates are insanely low or in a market that is going through tough times, you would be much wiser to invest outside of your immediate area. The business model and management style we teach is effective whether you live across the street from your park or across the country. Don’t put yourself in the position of buying a bad investment just for the sake of being close to it. Proximity does not correlate to success in this business. Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Welcome back, someone who’s been an active real estate investor for more than 3 decades & has taken a non-traditional approach, Chris Prefontaine. Chris built his early career through traditional investing, but after the 2008 crash, he pivoted to creative acquisition strategies that don’t rely on banks, credit, or personal capital. Chris is a master of lease options, owner financing, and subject to deals & he’s built an entire business and coaching platform around these powerful tools. He’s the founder of Smart Real Estate Coach, a program that teaches investors how to build cash flow today, long-term wealth tomorrow, & everything in between using his signature "three paydays" model. He’s also actively investing in low-maintenance asset classes like self storage, all while staying laser focused on financial freedom and helping others achieve it. Connect with Chris: smartrealestatecoach.com Free Book Bundle: wickedsmartbooks.com/kevin2 Highlights: 3:00 - Chris' Journey post 2008 crash 8:00 - Three Paydays system 11:00 - Rising Interest Rate Help Creative Deals 14:00 - Unique Lead Generation Systems 23:00 - Balancing Family & Business/Saying Motivated Quote: “Creative real estate is not about timing the market, it’s about pivoting, adapting, and being comfortable doing so.” Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Real estate entrepreneur and multi family investor, Ellis Hammond. Ellis began his investing journey while still working full-time as a college pastor. Just nine months after buying his first duplex in San Diego, he partnered in a 144-unit multi family deal in Memphis. Ellis is the founder of Kingdom Capitalists and leads a national investor network focused on passive investment opportunities in apartment complexes across the U.S. On today's show we’ll talk with Ellis about not just how to scale a portfolio, but how to build powerful investor networks, leverage your personal brand, and gain traction in a crowded space. Connect with Ellis: Investor Club - https://aspenfunds.us/, ellis@aspenfunds.us Highlights: 1:00 - Ellis' Path from Paster to Investor 6:00 - Multifamily Transition 10:00 - Niche Branding Power 17:00 - Macro Trends/Oil & Gas 24:00 - Understand Oil & Gas Investing 31:00 - Tax Benefits Quote: "You can’t raise money trying to speak to everyone. Your message should attract the right people and repel the wrong ones." – Ellis Hammond Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Today's episode is from #782 that originally aired on Aug. 19, 2024. Drew Wahlgren is the VP and director of capital markets for MAG Capital Partners. MAG Capital specializes in sale lease backs, net lease investments, and various development projects throughout the US. Drew has been investing in real estate since 2011, and joined MAG Capital Partners in 2019 after 8 successful years as a risk analyst and program manager at Liberty Mutual Insurance. Prior to that experience at a large corporation, Drew had started his entrepreneurial experience at the age of 20, owning and operating a food and beverage distribution company for 6 years. Drew holds a Bachelor of Science in Finance from California State University at Hayward & resides in the Fort Worth, TX with his wife and three children. Connect with Drew: MAGCP.com | Drew@magcp.com Highlights: 2:25 - Drews BG / His Real Estate Start 11:40 - Drew's Business Model as an Investor 20:00 - Cap Rates 36:15 - Where The Market is Now Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Today's episode is from Mobile Home Park #21 that originally aired on Aug. 8, 2016. Charles and I will discuss mistake number 10 from our popular eBook, “The 21 Biggest Mistakes Investors Make When purchasing their First Mobile Home Park…and how to avoid them.” We have all heard the phrase, “Use the seller’s numbers” time and time again. This works great when you notice a seller is paying twice as much as they should for management or when your seller is paying for a utility you plan to pass through. However, this can quickly go awry when talking about repairs and maintenance, especially when the numbers are understated. Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Welcome back a returning guest-someone who’s made a huge impact in the passive investing world and continues to be aleading voice in the space, Jim Pfeifer. Jim, co-host of the Passive Pockets Podcast and when we last spoke a little over a year ago, he shared his journey transitioning from an active realestate investor to a full-time passive investor. Since then, he’s been busy growing his community, Left Field Investors, which recently merged with Bigger Pockets to create what is now Passive Pockets—a thriving network designed to empower limited partners through connection, education, and access to high-quality deals. We’re catching up on everything Jim’s been working on and what’s new in his world! Connect with Jim: https://www.linkedin.com/in/jimpfeifer, https://passivepockets.com/podcast/ Highlights: 3:08 - Why Jim Left Wall Street for Passive Investing 6:00 - How Left Field Investors Was Born 9:22 - The Difference Between Being “Passive” and Being “Hands-Off” 14:45 - Why the Operator is More Important than the Deal 21:30 - Market Cycles and Opportunity Timing 28:05 - Advice for New Passive Investors Quote: “True wealth is freedom over your time—not just returns on your money.” Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Cagri Kanver is a managing partner at Watermark investments, a multi-family office LP that invests in various assets across a variety of price brackets nationwide. Their investment strategy revolves around ground-up projects and partnerships with reliable developers, ensuring good income and diversity in their portfolio. To date they have 13 projects nationwide-rental buildings in Oklahoma, Chicago, and Brooklyn, a logistics center, doctor’s offices, an office campus in Tampa, Bay, all of which have been highly profitable and successful ventures. Highlights: 7:52 - The Most Important Things in Business 18:45 - Balancing Investors and Inflation 22:36 - Repercussions From Covid 29:03 - Office Space Occupancy Changing Quote: "Without Relationships you can't be the smartest, you can't be the wisest, you can't be the best." Connect with Cagri Kanver: https://www.watermark-investments.com/ Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast

Today's episode is from Mobile Home Park #78 that origainlly aired on Aug. 22, 2017. Two mobile home park investors who are fairly new to the business being that they bought their first park less than 1 year ago but who are absolutely crushing it and have acquired 3 parks to date totaling 652 lots. These two rockstars go by the name Ryan Narus and Ian Tudor and are based out of Charlotte, NC. Today we’re going to dig deep into their business and learn how they went from struggling new investors to owning a portfolio worth in excess of $13 million in just a few short years. Recommended Resources: Join the Cashflow Investor ClubJoin the ClubInvestWithKB.comKevinBupp.comKevinBupp.com/Podcast