The Typical Mobile Home/RV Park
Gabe Peterson says it’s actually more of things you want to stay away from in an RV or Mobile Home park investing:
- You want city utilities. You do not want well water. You do not want septic tanks. You want city water, which of course, can be extremely expensive, but it’s a necessity . As for septic tanks, they don’t kill the deal per se. It’s just not something that you want.
For those of you who don’t understand Cap Rates between 9 to 12% Cap Rates are quite robust, says James Prendamano. Self-financing the original capital for down payment. The seller is holding the note. Let’s talk about Title? What does Title look like for a transaction like that, asks James Prendamano?
Gabe Peterson says, “We go through the same thing as everyone else. We go through a title company. They handle it, and everything looks good. You do not want to own park-owned RVs, asserts Gabe Peterson. “It’s not worth the headaches.”
Gabe Peterson adds some timeless advice: “You don’t learn real estate by reading a book, or watching You Tube videos. You have to be in the field, by making the deal.”
Digital Marketing Talk . . .
Gabe Peterson recommends the following digital marketing tools to leverage your business against the competition.
- All-In-One Marketing Platform – Kartra
- Sales Funnel Platform and email platform – Kartra
- Hiring Freelancers – Fiverr
- Website Analytics and keyword analytics – SEM Rush
Words of Wisdom from Rebecca Matulonis . . .
You can find anything digitally to educate yourself. You can read. You can watch videos. But there is something to be said for having a support system in place — in anything we do in life. To have someone who is able to come alongside and say you, ‘you got this’ or ‘that was the right decision.’ That is invaluable – and sometimes we take it for granted.
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