Get Rich Education

#124: Why mobile home parks of all investment vehicles? Guest Kevin Bupp tells us by explaining why they’re so misunderstood and he helps dispel stigmas.

Mobile home park (MHP) residents stay in their home longer because they actually own the mobile home. Therefore, they also take better care of their place. As the investor, you rent the lot to the tenant. This also makes MHPs easier to manage.

Keith brings you today’s show from Bridgetown, Barbados.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities.

Listen to this week’s show and learn:

03:02  There is a stigma with mobile home parks (MHPs). Here’s how that can actually benefit you.

05:04  Dealing with municipalities.

07:55  Management of MHPs.

10:31  Lack of competition.

14:07  Community aspect.

20:40  Utilities.

25:32  Financing for MHPs. Owner financing is more common than bank financing.

29:02  How do you find a mobile home park for sale?

33:29  Your Return On Time Invested.

37:24  Syndication opportunity.

38:10  Mistakes to avoid.

42:39  In two weeks, Robert Kiyosaki returns here to the show.

 

Resources Mentioned:

KevinBupp.com

MobileHomeParkAcademy.com

Loopnet.com

MobileHomeParkStore.com

NoradaRealEstate.com

TheRealAssetInvestor.com/GRE

HighlandsMortgage.com

MidSouthHomeBuyers.com

GetRichEducation.com

Direct download: GREepisode124.mp3
Category:general -- posted at: 4:00am EST

#123: What if the value of your income properties falls 40% vs. the value of stock falls 40%?

We explore the strategic, emotional and practical side of this.

Learn how you stop losing money by paying the opportunity cost of not being invested strategically. How to use desktop methods to research the right properties and markets.

Keith is invested in a real estate market where there’s a recession. Here’s how he deals with it.

Keith brings you today’s show from San Juan, Puerto Rico.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities.

Listen to this week’s show and learn:

02:50  Most real estate investors buy property for convenience, not strategy.

05:34  Reading about 3-D printing before investing in Memphis real estate (really?).

07:17  Use these desktop methods to research property.

09:12  When your stocks fall 40%, a story of what happens tactically and emotionally.

17:20  There have been 25 stock bear markets since 1929.

18:27  Corporate Direct for asset protection.

21:58  The mortgage meltdown of 2009.

23:31  What happens if you income property portfolio fell in value by 40%?

26:56  In a stock meltdown, companies disappear. In a real estate meltdown, you still own land, brick, concrete, wood, copper wire, and glass.

28:23  Warren Buffett’s Rule No. 1: “Don’t lose money.”

29:07  Keith owns income property in Anchorage, Alaska, and there’s a recession there.

31:34  Submarkets and business sectors.

34:58  Invest in 3-5 different metros.

37:11  Home inspections.

Resources Mentioned:

WeGoLook.com

NoradaRealEstate.com

TheRealAssetInvestor.com/GRE

HighlandsMortgage.com

MidSouthHomeBuyers.com

GetRichEducation.com

 

Direct download: GREepisode123_new-pre-roll.mp3
Category:general -- posted at: 4:00am EST

#122: How do you invest in resort property? Why would you want to?

Ambergris Caye is Belize’s largest island. It has been named Trip Advisor’s #1 Island In The World two years in a row. Learn why.

Ambergris Caye, Belize has world-class water sports, the longest living reef in the world, stable banking, is close to the U.S., English is the official language, and housing demand there far outstrips supply.  

Belize has business-friendly government officials and strong property ownership rights.

A new construction resort development project on Ambergris Caye promises to help ease the supply constraint. There is an investment opportunity for you here.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities.

Listen to this week’s show and learn:

02:00  Serving resort-goers often means serving Baby Boomers.

04:25  What’s riskier: investing outside your home nation, or having everything tied up in one nation’s economy and currency?

06:36  Belize is closer to more Americans than Hawaii. Airlines are adding passenger seats to Belize at an astonishing clip.

07:58  Why resort investing? Why Belize?

11:30  Belize is Central America’s only nation where English is the official language.

15:14  Ambergris Caye’s transition from a sleepy fishing village to world-renowned destination.

17:15  The large barrier reef is just hundreds of yards off the island. This attracts sportfishing, snorkeling, and diving. It also acts as a natural hurricane buffer.

21:37  Mahogany Bay Village on Ambergris Caye.

24:00  Belizean wood products and Belizean labor are utilized to construct the project.

24:38  What’s the opportunity for the investor?

26:58  Lack of financing is a problem. It’s also an opportunity.

30:08  For an investor, this investment is passive. Professional management is in place. Low property tax, low rental income tax.

31:16  Imagine owning income property that you can enjoy visiting and using.

33:10  Investors can expect double-digit returns. Hotel management fees are low due to economies of scale.

34:22  This resort is so well thought-out that Hilton recently came in and branded it. Hilton's due diligence has validated the development. Their marketing power promises to be transformational.

36:13  Your opportunity to visit Ambergris Caye, Belize for a real estate field trip.

40:17  REVPAR means revenue per available room.

42:11  Locally-sourced development upholds the culture.

 

Resources Mentioned:

TheRealAssetInvestor.com/GRE

NoradaRealEstate.com

MidSouthHomeBuyers.com

GetRichEducation.com

 

Direct download: GREepisode122.mp3
Category:general -- posted at: 4:00am EST

#121: What’s your personal “Money Operating System”?

Hilary Hendershott is the personal finance expert on the NBC Evening News in California’s Silicon Valley. An MBA, CFP, and TEDx Speaker, she’s an an authority on money strategy and mindset.

Money has an infinite supply; then why do most people have a limiting belief about money? Also, we discuss how men and women approach money differently.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities.

Listen to this week’s show and learn:

01:05  Rising mortgage interest rates.

05:00  Hilary Hendershott interview begins.

06:03  Limiting beliefs about money.

08:47  Money isn’t real; it’s a concept, an abstraction, a promise.

11:43  Lottery winners that go broke.

13:44  Common “Money Operating Systems”.

18:18  Does society spend too much time emphasizing money?

20:00  Men vs. women and money.

26:04  Real estate investing for cash flow.

28:22  Tax depreciation on rental property. Avoiding depreciation recapture.

31:38  “Money is the root of all evil.” Really? Keith analyzes.

 

Resources Mentioned:

HilaryHendershott.com

NoradaRealEstate.com

TheRealAssetInvestor.com/GRE

MidSouthHomeBuyers.com

GetRichEducation.com

MortgageNewsDaily.com

Direct download: GREepisode121.mp3
Category:general -- posted at: 4:00am EST

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