Podcasts about sunrise capital

Thomas Niss ist der Gründer und CEO von Sunrise Capital, einer Wiener Investmentgesellschaft, die vor rund 10 Jahren gegründet wurde.Die Märkte stehen Kopf: Viele Aktien verzeichnen massive Verluste, die Medien sprechen bereits von einem „Trumps Börsencrash“. Doch wie kam es dazu, und welche Rolle spielen die von den USA ausgelösten Zollerhöhungen? Ist der MSCI World zu US-lastig und wäre ein stärkerer Fokus auf europäische Aktien sinnvoller (gewesen)? Darüber sprechen wir in dieser Folge. Wir werfen außerdem einen Blick auf die österreichische Wirtschaft, diskutieren die Zukunft der Altersvorsorge und die Verbindung zwischen Börsenturbulenzen und der Entwicklung von Kryptowährungen.Die Themen:- “Marktkorrektur“ durch Trumps erratisches Verhalten- Portfolios europäischer Anleger:in- Die Logik des MSCI World und ihr US-Fokus- Die Rolle des Wechselkurses- MSCI World und seine Risiken- EU-Aktien - werden sie auch einbrechen?- Auswirkungen auf österreichische Wirtschaft- Das Problem mit den Zöllen- Warum Trump die Weltwirtschaft nicht massiv schädigen wird - Was braucht es für Kursaufschwung?- Ausblick auf Aktienpension- Keine große Leidenschaft für Krypto & Gold- Utility-Token als Ausnahme- Gold hat im Schnitt nicht stärker performt als Inflation- Erhöhte Nachfrage auf europäische Aktien- USP Sunrise Capital: Standortfonds Österreich- Sunrise Capital vs. Froots- Die 3 größten Learning als FondsmanagerDisclaimer: Die von Thomas Niss im Podcast genannten Zahlen beziehen sich auf einen von ihm im Mai 2022 mit dem maximalen Anlagehorizont abgeschlossenen Sparplan bei froots. Der Wert dieses Sparplans per 31. März 2025 betrug 5.586 Euro. Dies entspricht einer kapitalgewichteten Rendite von 6.1 Prozent pro Jahr.Ein ebenfalls Anfang Mai 2022 gestarteter Sparplan auf den Standortfonds Österreich hatte per 31. März 2025 einen Wert von 6.258 Euro. Dieser entspricht einer kapitalgewichteten Rendite von 14 Prozent pro Jahr. Laut Niss gilt es zu beachten, dass die Performance in der Vergangenheit kein verlässlicher Indikator für die Performance in der Zukunft ist.Wenn dir diese Folge gefallen hat, lass uns doch fünf Sterne als Bewertung da und folge dem Podcast auf Spotify, Apple und Co. Für Anregungen, Kritik, Feedback oder Wünsche zu künftigen Gästen schick uns jederzeit gerne eine Mail an ⁠⁠⁠⁠⁠⁠feedback@trendingtopics.at

Fri, 04 Apr 2025 03:45:00 +0000 https://jungeanleger.podigee.io/2139-borsepeople-im-podcast-s18-08-max-pohanka 767b546ced1fce2ed8f7d91c52396f60 Mein 8. Gast in Season 18 ist Max Pohanka, Produktentwicklungs- & Fundraising-Manager beim Naturhistorischen Museum Wien und davor u.a. Podcast Host und B2B-Manager für die Kollegen von Sunrise Capital. Wir sprechen über eine Baustelle, die zugleich ein Start für viele Learnings war, eine Bankberaterin, die WU alt, neu und als Researcher, das Vienna English Theatre, Bier auf der Baustelle und Wein als leidenschaftlicher Unternehmer. Dann bleiben wir länger bei Sunrise Capital und noch länger beim Naturhistorischen Museum. Da geht es um Demokratisierung der Geldanlage, Sparpläne, Podcast Freude mit Views from the top einerseits bzw. neue Konzepterstellungen, Presenting-Beispiele Bawag, Wiener Städtische und Arbeitkammer Wien, Dinosaurier und vieles mehr auf der anderen Seite. Ich muss mal ins Naturhistorische. https://www.nhm-wien.ac.at https://www.linkedin.com/in/max-pohanka-6a4a28b2/ https://www.sunrise.app Daria Heisiph Börsepeople: https://audio-cd.at/page/podcast/3172 Martin Foussek Börsepeople: https://audio-cd.at/page/podcast/3964 About: Die Serie Börsepeople des Podcasters Christian Drastil, der im Q4/24 in Frankfurt als "Finfluencer & Finanznetworker #1 Austria" ausgezeichnet wurde, findet im Rahmen von http://www.audio-cd.at und dem Podcast "Audio-CD.at Indie Podcasts" statt. Es handelt sich dabei um typische Personality- und Werdegang-Gespräche. Die Season 18 umfasst unter dem Motto „25 Börsepeople“ 25 Talks. Presenter der Season 18 ist die EVN http://www.evn.at. Welcher der meistgehörte Börsepeople Podcast ist, sieht man unter http://www.audio-cd.at/people. Der Zwischenstand des laufenden Rankings ist tagesaktuell um 12 Uhr aktualisiert. Bewertungen bei Apple (oder auch Spotify) machen mir Freude: http://www.audio-cd.at/spotify , http://www.audio-cd.at/apple . 2139 full no Christian Drastil Comm. 1932

Wed, 12 Feb 2025 18:03:00 +0000 https://jungeanleger.podigee.io/2000-kapitalmarkt-stimme-at-daily-voice-43-365-das-reine-osterreich-portfolio-und-das-standort-portfolio-uber-wikifolio-und-sunrise 915141abb51191d0dd49d75822053fb3 Episode 43/365 der kapitalmarkt-stimme.at daily voice auf audio-cd.at. Im Jahr 2013 schwebte mir zum Start von wikifolio neben einem reinen Österreich-wikifolio "Stockpicking Österreich" auch ein zweites wikifolio vor: "Foreign Listed Employers Austria" (FLEXAUT) umfasst grosse Arbeitgeber in Österreich, die an Auslandsbörsen notieren. Im Index finden sich einerseits internationale Konzerne, die seit Jahren auf den Standort Österreich setzen, andererseits Unternehmen, die - früher in Österreich börsenotierte - Austro-Firmen übernommen haben. Ein Hauptkriterium ist der Mitarbeiterstand in Österreich. Aus heutiger Sicht war es ein Fehler, das seit 2013 existierende Flex-wikifolio nicht investierbar zu machen, denn es hat knapp 160 Prozent Plus, damit rund doppelt so viel wie Stockpicking Österreich, freilich müssen die internationalen Arbeitgeber aus ihrer Sicht zum Glück auch nicht in Österreich die Steuerlast abdrücken. Und ich habe mich gefreut, dass 2017 dann durch die heutige Sunrise Capital ein investierbarer Standortfonds gekommen ist. https://www.wikifolio.com/de/at/p/smeilinho?tab=wikifolios Standortfonds Österreich: https://www.wienerborse.at/marktdaten/fondsdaten-der-oekb/preisdaten/?ISIN=AT0000A1QA38&ID_NOTATION=185698392 Unser Ziel: Kapitalmarkt is coming home. Täglich zwischen 19 und 20 Uhr. kapitalmarkt-stimme.at daily voice Playlist auf spotify: http://www.kapitalmarkt-stimme.at/spotify http://www.kapitalmarkt-stimme.at Musik: Steve Kalen: https://open.spotify.com/artist/6uemLvflstP1ZerGCdJ7YU Playlist 30x30 (min.) Finanzwissen pur: http://www.audio-cd.at/30x30 Bewertungen bei Apple (oder auch Spotify) machen mir Freude: http://www.audio-cd.at/apple http://www.audio-cd.at/spotify 2000 full no

This week, Brian Spear takes us on an educational journey through mobile home park and parking lot investments. As a seasoned investor and co-founder of Sunrise Capital, Brian dispels common myths about mobile home parks, highlighting their potential for stable, long-term returns. He explains his unique debt strategy focused on minimizing risks and achieving sustainable growth. The discussion also covers the tax advantages of mobile home parks and the decision-making process behind diversifying into parking lot investments. Brian emphasizes the importance of aligning investment strategies with personal lifestyle goals to create lasting financial freedom.   Resources: InvestWithSunrise.com The Passive Investors Guide to MHP Investing The Passive Investors Guide to Parking Lot Profits Join the Infinite Wealth Study Group Schedule your 15-minute call with Anthony or Cameron here Check our online course  Buy Becoming Your Own Banker by R. Nelson Nash 

In this episode of Real Estate Breakthrough, I sit down with Kevin Bupp from Sunrise Capital, a seasoned real estate investor who went from bartending to building a multi-million-dollar real estate empire.   Kevin shares his incredible journey, the pivotal moments that shaped his path, and the lessons he's learned along the way. We dive deep into the importance of mentorship, taking calculated risks, and the art of creating win-win deals in the real estate world. Whether you're a newbie or a seasoned investor, Kevin's story will inspire you to break through to your own financial freedom.  

In this Topical Tuesday episode, I spoke with Brian Spear who is the Principal and Cofounder of Sunrise Capital Investors. Brian Spear is known for his effective and pragmatic approach to legacy wealth creation through investing in commercial real estate assets. Brian integrates macroeconomic trends with specialized market knowledge to deliver superior legacy wealth creation for Sunrise Capital's investors. Be sure to tune in if you're interested in learning about: Exploring the importance of off-market deals and how they provide a competitive edge. Understanding the long-term hold strategy and its benefits over traditional buy-and-sell approaches. Learning about the current acquisition challenges in a volatile market and how to navigate them. Discovering how building strong broker relationships can open doors to exclusive opportunities. To your success, Tyler Lyons Resources mentioned in the episode: Brian Spear Website Interested in investing with Asym Capital? Check out our webinar.   Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital?  Check out our new FREE webinar -  How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register.   CFC Podcast Facebook Group

You know, life has a funny way of leading us down unexpected paths. A few short weeks ago, I had no idea that I'd be here, enthusiastically introducing myself as the newest investor relations associate at Sunrise Capital Investors. What an electrifying adventure it's been already, navigating the fast-paced world of investment, engaging with savvy investors, and getting to grips with Sunrise's asset focus. The team is incredibly driven, holding on to a remarkable record of never withholding distributions. Oh, and did I mention the first asset in our current fund? Well, I'd spill the beans right now, but where's the fun in that? Let's save that for our next episode.On a more personal note, as we celebrate Thanksgiving, my heart is filled with gratitude. Not just for this new journey with Sunrise but for the numerous blessings and joys in my life. Even in the midst of the excitement over funds and assets – I'm making the time to slow down, enjoy Thanksgiving and reflect on all that I'm thankful for. Stay tuned for a short episode on Friday where I plan to share more about my decision to join Sunrise and how it has shaped my perspective. From my heart to yours, I wish you a Thanksgiving filled with warmth, love, and joyous moments.Connect with Jonny!Cattani Capital Group: https://cattanicapitalgroup.com/Invest with us: invest@cattanicapitalgroup.comLinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179/Jonny's Instagram: https://www.instagram.com/jonnycattani/TikTok: https://www.tiktok.com/@jonnycattaniYouTube: https://www.youtube.com/channel/UCljEz4pq_paQ9keABhJzt0A

Are you leaving money on the table in your real estate investments? It's time to uncover the secrets of squeezing every drop of ROI from mobile home parks and parking lots. Joining us in this episode is Kevin Bupp, a renowned real estate investor with a wealth of experience. Kevin Bupp is the CEO of Sunrise Capital, a boutique real estate private equity fund with $150 million in assets under management. With over two decades of experience, Kevin has ventured through various real estate investments, from single-family properties to commercial assets. His focus is on manufactured housing and parking investments.  Kevin shares his expertise in diversifying your investment portfolio by venturing into mobile home parks and parking lots. He discusses the ins and outs of these unconventional yet lucrative opportunities.  If you're looking to diversify your investment portfolio and explore the world of mobile home parks and parking lots, be sure to listen to the full episode. Don't forget to connect with Kevin Bupp through his website and explore the wealth of resources available there. Key Takeaways: 7:32 - Discover the unique advantages of mobile home park investments. 4:45 - Strategies for successful parking lot investments. 21:10 - Tips on managing and mitigating risks in these investments. 28:55 - The critical role of property management in Kevin's success story. Connect with Kevin Bupp@: Website: https://invest.sunrisecapitalinvestors.com/login Linkedin: https://www.linkedin.com/in/kevinbupp/ Website: https://kevinbupp.com/ Podcast: Real Estate Investing for Cash Flow Podcast: Mobile Home Park Investing Podcast Connect with Corwyn@: Contact Number: 843-619-3005 Instagram:⁠ https://www.instagram.com/exitstrategiesradioshow/⁠ FB Page:⁠ https://www.facebook.com/exitstrategiessc/⁠ Youtube:⁠ https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA⁠ Website:⁠ https://www.exitstrategiesradioshow.com⁠ Linkedin:⁠ https://www.linkedin.com/in/cmelette/⁠ Shoutout to our Sponsor: Exit Realty Lowcountry Group Do you want something more? More Meaningful Moments opportunities, deeper relationships and memorable experiences? Do you want to make a difference? If you say YES, a career and real estate could be the opportunity you're looking for guiding people to one of the most important decisions they ever made, the purchase or sale of their home can be both rewarding and lucrative.  Exit Realty has a revolutionary compensation model training and technology that provides you with the tools you need to start and build your successful real estate career. Call Exit Realty Lowcountry group today at 843-619-3005 that is 843-619-3005 or visit https://exitlowcountry.com/joinexit and make your Exit today. --- Support this podcast: https://podcasters.spotify.com/pod/show/corwyn-j-melette/support

Wed, 23 Aug 2023 15:45:00 +0000 https://jungeanleger.podigee.io/991-wbp-nextgen-big-hug-an-daria-heisiph-fur-gefuhle-und-danke-auch-ans-bauchgefuhl-an-der-borse-nfts-in-den-atx 843e82fed6235e501e1c335062ef2c58 Die Wiener Börse Pläusche NextGeneration (WBP NextGen) sind ein Podcastprojekt für Audio-CD.at von Christian Drastil Comm. Host Christian tauscht sich dabei mit Showpraktikant Laurenz Schwieger (21, Vienna Business School) zu den grossen Themen der vergangenen und nächsten Tage aus. Ziel: Gegenseitig voneinander zu lernen und in Q&A-Form auch öffentlich ein paar Punkte zu präzisieren. Diesmal geht es um Big Hug an Daria Heisiph, um gleichbleibende Kurse, um die langsam kommende Telekom-Aktie, um viele Risikohinweise und überhaupt. Ach ja: Ich habe Laurenz verraten, was ich am Montag über einen Christoph Boschan Sager berichten werde. Der Grund für den Big Hug an Daria Heisiph, Sunrise Capital, bei 00:51 unter: https://audio-cd.at/page/playlist/4554 Die WBP NextGen Folgen sind präsentiert von Warimpex. Der Theme-Song wurde seinerzeit spontan von der Rosinger Group supportet: Sound & Lyrics unter http://www.audio-cd.at/page/podcast/2734 . Mehr Wiener Börse Pläusche, wir sind in Season 4, davor gab es 3 Seasons mit jeweils 111 Folgen: https://www.audio-cd.at/wienerboerseplausch  . Risikohinweis: Die hier veröffentlichten Gedanken sind weder als Empfehlung noch als ein Angebot oder eine Aufforderung zum An- oder Verkauf von Finanzinstrumenten zu verstehen und sollen auch nicht so verstanden werden. Sie stellen lediglich die persönliche Meinung der Podcastmacher dar. Der Handel mit Finanzprodukten unterliegt einem Risiko. Sie können Ihr eingesetztes Kapital verlieren. Und: Bewertungen bei Apple (oder auch Spotify) machen mir Freude: https://podcasts.apple.com/at/podcast/audio-cd-at-indie-podcasts-wiener-boerse-sport-musik-und-mehr/id1484919130 . 991 full no

Today's Flash Back Friday Episode is from Episode #230, which originally aired on May 21, 2019.   In this episode of the Real Estate Investing for Cashflow podcast, Kevin, along with his business partner at Sunrise Capital, Brian Spear, talk cost segregation with Kimberly Lochridge. Kimberly is the Executive Vice President for Engineered Tax Services, Inc. (ETS), an industry-leading provider of specialty tax services in the United States. Kimberly's business management skills have positioned her as a big-league tax expert for Fortune 500, ultra-high net worth individuals, single and multiple family offices, architects, engineers, and CPAs nationwide. In this informative conversation, Kimberly explains what cost segregation is and how it can help businesses. She also answers frequently asked questions asked by Brian to separate fact from myth surrounding cost segregation. The guests also present and discuss a case study to further shed light on how cost segregation works and tackle other topics pertinent to this business practice. QUOTES: “The difference between the 1040 and a 1040 EV is that the EV is the straight line or what you call the standard deductions and your 1040 is the itemized deductions, well, cost segregation is the 1040 for real estate..” “Essentially when you sell a building, you're taking what you sold it for minus whatever the purchase price was, which is your gain, but you also have to add in to that gain your accumulated depreciation.” “There are different types of cost segregation studies and as you dig into this, you'll have engineered based cost segregation and that's where we actually rebuild the property from the ground up.” “I think of the CPA as the family practice doctor and EPS is the brain surgeon.” “When working with a third party property management company, you need to ensure that they have the information at the ready so that when they do those capital expenditures and do those capital improvements on your behalf, they're actually handling the depreciation appropriately.” HIGHLIGHTS 4:20 Kimberly's background 7:54 Kimberly explains cost segregation 11:13 FAQs about cost segregation 23:14 Brian and Kimberly tackle a case study 33:31 What is the DEERA report?   Recommended Resources:   Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.  Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.  Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.    

Mon, 03 Jul 2023 15:45:00 +0000 https://jungeanleger.podigee.io/894-30x30-finanzwissen-pur-folge-5-hello-wie-kann-ich-dieser-tage-noch-reich-werden 7dd39494b12089bf8d1eaf6f41d91eae In Folge 5 geht es um die Frage „Wie werde ich reich?“, die Daria Heisiph von Sunrise Capital mit ihrem Chef Thomas Niss mit guten Argumenten auf beiden Seiten diskutiert. Fazit ist: Alles nicht mehr so leicht, aber es geht. Ich halte es in Zeiten, in denen der Standort abrutscht, mit JFK: "Fragt nicht, was euer Land für euch tun kann – fragt, was ihr für euer Land tun könnt." Sunrise Capital managt den Standortfonds Österreich, ein internationales Produkt mit Home Bias, ganz wie ich es mag. Im Finale dieser Serie soll es auch von mir als Initiator ohne kommerzielle Interessen ein investierbares, sparplanfähiges Produkt geben, das man bei jeder Bank kaufen kann, das aus ca. 2/3 EuroStoxx und 1/3 Österreich bestehen soll. Soll die Idee für ÖsterreicherInnen werden. Abschliessend baue ich noch Gedanken zur Wiener Zeitung und einen Sager von meiner "Super-Me Sunday"-Kollegin Bettina Binder ein. Lob für voestalpine, Wienerberger und Do&Co gibt es auch. Thank God it`s Monday. Playlist 30x30 Finanzwissen pur für Österreich auf Spotify: https://open.spotify.com/playlist/3MfSMoCXAJMdQGwjpjgmLm About: 30x30 Finanzwissen pur ist die aufbauende Börse-EinsteigerInnen-Serie für Österreich. Host Christian Drastil mixt dafür Aktiensparen und -investments mit Home Bias. Gesendet wird auf audio-cd.at von Woche 23/2023 bis Woche 52/2023 jeden "Thank God it`s Monday" um 18 Uhr, 30 Folgen a 30 Minuten. Es wird hier unabhängig vom Tagesgeschehen produziert, ein späterer Einstieg ist immer möglich, chronologisches Hören der Folgen wird empfohlen. Supporter von "30x30" sind Uniqa, dad.at, Rosinger Group, Immofinanz, Do&Co, Addiko Bank VAS; ÖPWZ Finanzlehrgänge, EXAA und FH St.Pölten, sowie inhaltlich auch FMA, Wifi Wien und Neos Lab. Den Jingle habe ich mit der Opernsängerin Ruzanna Ananyan aufgenommen. Bewertungen bei Apple (oder auch Spotify) machen mir Freude: https://podcasts.apple.com/at/podcast/audio-cd-at-indie-podcasts-wiener-boerse-sport-musik-und-mehr/id1484919130 . Risikohinweis: Die hier veröffentlichten Gedanken sind weder als Empfehlung noch als ein Angebot oder eine Aufforderung zum An- oder Verkauf von Finanzinstrumenten zu verstehen und sollen auch nicht so verstanden werden. Sie stellen lediglich die persönliche Meinung der Podcastmacher dar. Der Handel mit Finanzprodukten unterliegt einem Risiko. Sie können Ihr eingesetztes Kapital verlieren. Und: Bewertungen bei Apple (oder auch Spotify) machen mir Freude: https://podcasts.apple.com/at/podcast/audio-cd-at-indie-podcasts-wiener-boerse-sport-musik-und-mehr/id1484919130 . 894 full no

Fri, 27 Jan 2023 11:11:00 +0000 https://jungeanleger.podigee.io/594-wiener-borse-plausch-s3-98-deal-mit-sunrise-capital-ubm-saison-forderungen-palfinger-boss-flughafen-alert-at-s-100 30ee9fafe33d2aaf979f165b2efc39ee Die Wiener Börse Pläusche sind ein Podcastprojekt für Audio-CD.at von Christian Drastil Comm. Unter dem Motto „Market & Me“ berichtet Christian Drastil über das Tagesgeschehen an der Wiener Börse. In Folge S3/98 geht es u.a. um einen Deal mit Sunrise Capital, die starke Saisonalität bei UBM, Forderungen vom Palfinger-Boss Andreas Klauser (Palfinger heute im Radio und TV). Rund um den Flughafen ist es derzeit wohl auch gefährlich, über die Börse zu verkaufen. News gibt es zu Zumtobel und Research zu AT&S (fast eine 100 Prozent-Chance), RBI und UBM. Die 2023er-Folgen vom Wiener Börse Plausch sind präsentiert von Wienerberger, CEO Heimo Scheuch hat sich ebenfalls unter die Podcaster gemischt: https://open.spotify.com/show/5D4Gz8bpAYNAI6tg7H695E  . Co-Presenter im Jänner ist die Rosinger Group. Siehe auch Podcast mit Gregor Rosinger https://audio-cd.at/page/podcast/3409 . Der Theme-Song, der eigentlich schon aus dem Jänner stammt und spontan von der Rosinger Group supportet wurde: Sound & Lyrics unter http://www.audio-cd.at/page/podcast/2734   . Mehr Wiener Börse Pläusche: https://www.audio-cd.at/wienerboerseplausch - Risikohinweis: Die hier veröffentlichten Gedanken sind weder als Empfehlung noch als ein Angebot oder eine Aufforderung zum An- oder Verkauf von Finanzinstrumenten zu verstehen und sollen auch nicht so verstanden werden. Sie stellen lediglich die persönliche Meinung der Podcastmacher dar. Der Handel mit Finanzprodukten unterliegt einem Risiko. Sie können Ihr eingesetztes Kapital verlieren. Und: Bewertungen bei Apple (oder auch Spotify) machen mir Freude: https://podcasts.apple.com/at/podcast/audio-cd-at-indie-podcasts-wiener-börse-sport-musik-und-mehr/id1484919130 . 594 full

Today's Flash Back Friday Episode is from Episode #239, which originally aired on September 26, 2017. In this episode of the Real Estate Investing for Cashflow podcast, Kevin, along with his business partner at Sunrise Capital, Brian Spear, talk cost segregation with Kimberly Lochridge. Kimberly is the Executive Vice President for Engineered Tax Services, Inc. (ETS), an industry-leading provider of specialty tax services in the United States. Kimberly's business management skills have positioned her as a big-league tax expert for Fortune 500, ultra-high net worth individuals, single and multiple family offices, architects, engineers, and CPAs nationwide. In this informative conversation, Kimberly explains what cost segregation is and how it can help businesses. She also answers frequently asked questions asked by Brian to separate fact from myth surrounding cost segregation. The guests also present and discuss a case study to further shed light on how cost segregation works and tackle other topics pertinent to this business practice.

The secret is out on mobile homes and RV parks… The cap rates for mobile home parks (MHPs) have been compressing for years. Also, huge private equity companies have been searching within the sector for yield.  Not to mention, COVID gave the RV industry a massive boost. The question is…what does the future look like for this sector, and have the opportunities for profit disappeared? Today, Brian Spear explains how his company, Sunrise Capital, is approaching the sector. First, Brian is a firm believer in the long-term macroeconomics of the industry. With the demand for affordable housing continuing to outpace the supply… There are few places where tenants can safely live for $300/month other than MHPs! Brian describes some 5-Star MHPs as affordable communities for lower-middle-income retirees. With 22% of the supply being owned by institutions, private investors can continue to profit by transacting with mom-and-pop owners who have not kept up with market rates and trends. Tune in today to hear Brian reveal how his company is doing it! Take Control, Hunter Thompson Resources mentioned in the podcast:  1. Brian Spear Free Report Website Interested in investing in ATMs? Check out our webinar.   Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital?  Check out our new FREE webinar -  How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register.   CFC Podcast Facebook Group

If you're looking for expert insights into interesting real estate niches, then this episode is for you!   Sunrise Capital CEO Kevin Bupp sits down with us to break down three asset classes they're investing in. With two decades of experience, he has $150M real estate transactions under his belt and is a thought leader in generating cash flow and building wealth. Today, Kevin gives his perspective on the mobile home park market and the challenges in the space. He also gets down to the nitty-gritty of build-to-rent and what makes it a promising investment to consider. Lastly, he shares what they are working on in the parking sector and explains their long-term hold strategy for their deals.     [00:01 - 04:52] Mobile Home Park Investing Get to know Kevin Running the first mobile home park-specific podcast There's a huge supply and demand imbalance in the mobile home park market Large institutions and private equity investors are pouring money into the space Finding good deals is becoming difficult for small and medium-sized investors   [04:53 - 15:11] The Opportunities in the Build-To-Rent Space Kevin emphasizes the need for focus when investing in an asset Parking and build-to-rent are similar in terms of not being too operationally-intensive  Data shows that there is a great demand for housing Kevin discusses the market in Florida and Phoenix  Build-to-rent houses have a long-term purpose Materials and build are of better quality What does urban infill mean? The importance of strategic partnerships to succeed in a location This is the fastest-growing asset class and there's a lot of institutional interest   [15:12 - 25:14] Long-Term Stable Cash Flow Why Kevin and his team are not building to sell It takes work to flip in and out of properties, not only for the company but also for the sponsors There is value in small consistent wins Kevin talks about their current parking project and its potential for cash flow   [25:15 - 26:35] Closing Segment Reach out to Kevin!  Links Below Final Words Tweetable Quotes   “I think that you lose focus and you dilute your strength in any particular asset class when you're getting pulled in a million different directions.” - Kevin Bupp   “I think one of the most exciting about built-to-rent is being able to actually purposely build a product today for long-term rental uses.” - Kevin Bupp   “Knowledge is one thing, but having those strategic relationships are necessary, not even just with brokers, but also the municipality, the planning, zoning boards.” - Kevin Bupp   -----------------------------------------------------------------------------   Connect with Kevin! Find out investment opportunities with Sunrise Capital on their website. Head over to KevinBupp.com to know more about Kevin and his Real Estate Investing for Cash Flow podcast, and get a FREE copy of his book, The Cash Flow Investor.   Connect with me:   I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook   LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below:   [00:00:00] Kevin Bupp: So when you find a great mobile home park or, or even a great parking asset in a very strategic location and a growing marketplace where the demand is increasing. It's going to be very challenging to ever replace that particular asset. And I feel very much the same about these, these build-to-rent properties that we're building. And so, while I'm not going to say that we'll never sell any of these developments, that is not our intent. Our intent is to actually build to hold and ultimately, you know, build a portfolio of these strategically located infill locations and build a portfolio out of it. And so not saying that we might not flip one out to, you know, to an institution to lower our basis overall, but generally speaking, we're looking at a 10-year horizon here.  [00:00:50] Sam Wilson: Kevin Bupp. Welcome to the show.  [00:00:52] Kevin Bupp: Sam. Thanks for having me, excited to be here.  [00:00:54] Sam Wilson: Hey, man, the pleasure's mine. Appreciate you coming on today. There are three questions I ask every guest who comes to the show: in 90 seconds or less, can you tell me, where did you start? Where are you now? And how did you get there?  [00:01:03] Kevin Bupp: Yeah, fantastic. Started about 21 years ago, started buying a single-family, fixed and flip properties. Did a bunch of wholesaling as well. Built up quite a large portfolio in my early twenties of about 130 single-family rental homes at a few hundred multifamily doors. [00:01:17] Sam Wilson: Wow.  [00:01:17] Kevin Bupp: Fast forward to today, been a full-time investor for two-plus decades. I've owned pretty much every different asset type out there, you know, office retail, industrial, self-storage, medical office. You know, today we are primarily focused on three different sectors of our business, one being manufactured housing, which we've spent the last decade in, the second being parking investments, which we've been in for a few years now. And then the fourth and probably one of the most exciting ones that we're currently involved in are built-to-rent projects, more specifically built-to-rent projects in urban infill locations in Phoenix, Arizona.  [00:01:52] Sam Wilson: That's a lot of moving parts. You're well known, obviously, for your podcast on mobile home park investing. And I think you run two different shows, don't you? There's a Real Estate Investing For Cash Flow and then... [00:02:03] Kevin Bupp: I do. We have a mobile home park-specific podcast as well. I don't post any new episodes. I haven't for a few years, but we've got a, you know, 150 or so up there, and it still just kind of does its thing. [00:02:12] Sam Wilson: Gotcha. Okay. Very, very cool. I mean, mobile home parks has been a hot asset class. Can you kind of give us, you know, and maybe that's, to some degree, you know, due to you, you know, kind of advertising the asset class, but I mean, tell us about it. Where has it been? Where is it now? And you know, where do you see opportunity on that front?  [00:02:30] Kevin Bupp: Yeah, it's, it's a great question. You know, it's funny, my, my business partner always kind of jokes with me that, you know, we probably did train some of our competition. We were the first podcast out there and, you know, for many years we were the only, you know, there was a little bit of other information out there in the marketplace, but, you know, we were the only podcast really speaking about it and, you know, kind of sharing techniques and strategies. And it's, you know, it's an asset class that has a diminishing supply. And so there's a massive supply-demand imbalance. You know, the demand has, you know, significantly increased over the last five plus years with, you know, just a number of larger institutions and private equity investors trying to really pour billions upon billions of dollars into the space where they had always overlooked historically, right? And so they're, you got all this money trying to come in, no new supply coming to the marketplace and it's just, it's created just a severe imbalance. And so, you know, we started buying parks 10 years ago. And, you know, back then it was, it was very mom and pop, which there's still aspects of that today. It's not fully consolidated, but it's I tell you that it's racing towards consolidation pretty quickly. So 10 years ago where we might have been, you know, the only bid on a deal or maybe there's, you know, one or two others we'd have, you know, had a much easier time of winning an opportunity back then than we would today. [00:03:40] Kevin Bupp: And so, you know, they're, they're training at all time, low cap rates, in fact, data showed that at some point during the middle of the pandemic, you know, multifamily had always, at least over the last decades, it's been the asset class that has traded at the lowest cap rate, historically, at least for the past 10 years. Mobile home parks actually took over multifamily as far as, you know, where the average capric or trading at. And it was, it was sub-four level for a period of time. And they're still pretty much, they're down there today. You know, the institutions are just trying to gobble as much as they can. And, ultimately, it's made it a little more challenging for investors such as us, I guess you could say smaller, medium size investors and, you know, I don't necessarily have a cost to capital that would allow me to buy a stable four cap property that doesn't have upside. However, institutions they've got different sources of capital that typically is much cheaper than that of retail capital. And so there's still deals out there as, you know, you just got to pound the pavement more, you've got to, you know, turn over more rocks and find those needles in the haystacks. And they're there and we find that we just don't necessarily find it as many as we might have found years prior.  [00:04:42] Sam Wilson: Right. Yeah. I think that's a really good synopsis there. I appreciate you taking the time, you know, to share on that. I mean, if anybody says that there's no deals out there, then they're probably right. You know, 'cause that's...  Tell me about this though. I mean, you guys have found some other asset classes and especially want to hear, you know, what you guys are doing on the build to rent. That's your latest and greatest kind of foray. Why do you see an opportunity there? You just talk to us about that if you can.  [00:05:06] Kevin Bupp: Yeah, no, no, absolutely. And you, I will say that, you know, we're the type of group that we really like to, we like to stay in our lane. You know, we, we, don't like to be everything to everybody. I think that you lose focus and you dilute your strength in any particular asset class when you're, you know, getting pulled in a million different directions. And so, you know, we had focused solely on mobile home parks, literally for, for seven years. That's all we did. We just kind of ignored all the other noise out there. You know, there's a million, one different ways to make money in real estate. And we, we chose that lane and we wanted to be the best at it. Parking came across our radar screen about four years ago, it took us a few years before we even dove into that space. And that space is a little different, you know, it doesn't necessarily, as far as the operational side of it, we don't have vertical integration, a vertically integrated property management company for the parking sector. We just work with, you know, local and regional operators in whatever particular marketplace we own in. [00:06:00] Kevin Bupp: And so while there's asset management involved, we're not necessarily having to hire a lot of in-house employees to run that side of our business. And so it's not set it and forget it, but it's not as operationally intensive as mobile home parks. And again, we took a couple of years of really understanding that asset class before we dove into it. And really the same, the same is true with build to rent. And, you know, at the end of the day, build the rent, it's residential, right? I mean, it's, it's, it's residential housing and, you know, it's, it's similar to that of single-family rentals. It's similar to that of multifamily apartment complexes. It's similar to that of mobile home parks. It's just a different form. It's purpose-built, you know, residential housing. And so the projects that we have working in Phoenix are four urban infill locations. These are, you know, main, main on main locations, irreplaceable locations, walkable to all the nightlife restaurants, locations that you know, don't run the necessary risk of, of being on the outskirts of when the music stops, right? We've got a massive shortage of housing. Right now, the music is going to play for many years to come. The data will show that, like, anywhere between 4 to 5 million, you know, homes that we're short at the present time or residential units that we're short at the present time. And we're not nearly producing enough to ever catch up to that anytime soon. You know, again, data comes from all different streams, but one would say that it's literally going to take us 10 years to even, truly, you know, get caught up at any pace whatsoever. I mean, we're literally, we're still falling behind at present time. [00:07:26] Kevin Bupp: And so, you know, we love Phoenix. I mean, Phoenix is just a, it's a very dynamic marketplace. You know, a lot of fortune companies there and moving there. It's a very diverse local economy as well. It's very different than what it was prior to the great recession. It's kind of, I like to compare it to Florida. Like, Florida is a very different state than what it was prior to 2008. Prior to 2008, it wasn't very economically diverse. It was heavily weighted and the construction side of things. So when we had an oversupply of homes and the music kind of stopped down here, a lot of those jobs, those folks that had no jobs anymore moved away. And so we had a, we had a population actually moved away for a period of time and ultimately in excess of housing. Today, that's a very different case and the same goes with Phoenix. And so just super excited about those properties. And, and again, really, I think one of the most exciting about built to rent is being able to actually purposely build a product today for long-term rental uses, not necessarily taking a townhome that was built to sell and then, you know, converting it into a long term rental. And so we're putting a lot of thought energy and focus into the materials that we use and the overall quality of build. So these things are durable and can withstand, you know, the, I'm not going to say abuse 'cause not everyone abuses their rentals, but. They typically see a little bit more abuse than a standard, you know, homeowner might put on a home.  [00:08:46] Sam Wilson: Yeah, certainly nobody washes their rental car idea. I mean, it's like, it's going to undergo more abuse than, you know, just a regular home, typically. Tell me, purpose-built. When you say that, like, what are the things you're doing? How is the build changing on a build to rent versus, you know, again, a house that somebody's building to go...  [00:09:04] Kevin Bupp: Yeah, just a couple of simple things. I mean, even things such as, like the kitchen cabinets, right? We're not literally just going to put the builder-grade kitchen cabinets in. They're going to be more of a mid-grade quality, you know, solid wood and something. That's going to be more durable than some type of, you know, Formica or, you know, I don't, I don't know what they use in, you know, the cheap builder, great stuff, but basically a lot of mid-tier to higher tier components. So even down to like faucets, toilets, things that a lot of people just don't think about a lot, you know, those types of things that we don't think about them, and that's why in builder grade builds, they're literally cheap. They pick the cheapest toilets, they pick the cheapest faucets. They picked the cheapest flooring instead of the four mill flooring or instead of the six mill flooring, which they should be putting in, it's the three or four mill thickness flooring, right? So just little things like that, that the average homeowner doesn't think about that, ultimately, you know, we want to ensure that we're not, every turn that we have, we're not going in and having to replace, you know, these types of components that ultimately become very expensive if you don't do it right from the get-go. [00:10:02] Sam Wilson: Oh, for sure. Yeah. And I'm thinking about things like, and, and I'm probably even not even using the right words here, but like when you mention faucets like copper components versus plastic, it's like, yeah, this the plastic stuff's going to break in like 90 days.  [00:10:14] Kevin Bupp: Absolutely.  [00:10:15] Sam Wilson: Yeah. [00:10:15] Kevin Bupp: It looks good when it's new. [00:10:18] Sam Wilson: It sure does.  [00:10:19] Kevin Bupp: Yeah. Yeah. But look at it 6 to 12 months later and you'll find that it, yeah, it surely wasn't durable. [00:10:24] Sam Wilson: Right. Absolutely. Tell me about urban infill. When you say that, is this, are you guys, you know, buying and building an entire neighborhood at a time? Is it one lot at a time? How, how does that work? [00:10:34] Kevin Bupp: No, that's, that's a great question. So these particular four projects I was speaking to are townhome projects. So, two and then three story townhome, you know, contemporary, modern townhome projects. And when I say urban infill, these are, you know, each one of these sites, the majority of these sites had something else on it. You know, an old, an old building of some sort, or, you know, maybe a few homes on, you know, a couple of parcels that we've, that we've combined. But the average, you know, the small, the smallest size of these four projects, one is 21 units and the largest of these four projects is roughly 50 units. And so these are not, they're not full-blown at scale neighborhoods, but they're also not individual units as well. You're somewhat constricted to, you know, what you can build in urban infill locations, 'cause very rarely are you going to find yourself to where you can assemble, you know, multiple acres, 4, 5, 6, 7, 8, 9, 10 acres in these urban locations. And so, you know, we're talking a couple, you know, 3, 4, 5-acre tracks of land at, at the largest. And so again, somewhat restricted to what you could actually put there.  [00:11:35] Sam Wilson: I mean, that's kind of a needle in a haystack. I would think to be able to find, you know, again, even 4 or 5 acres in a, in an urban infill location, that's not already developed or not, you know, way overpriced. So how do you find opportunity on that front? I mean, is that just boots in the ground that know the area?  [00:11:51] Kevin Bupp: That is boots on the ground. Yeah, so we've got a partnership. We, we basically partner with, he's a very close friend of mine. He runs a group called Urban Phoenix. He's been a developer for 20-plus years and, you know, cut his teeth in Manhattan for a decade. And ultimately has been, you know, working in the Phoenix marketplace, has the relationships, you know, he does seem to have the relationships. They've got the local market knowledge that's necessary, you know, to think that myself and my team, you know, we're not, we're based in Florida, we're not based in Phoenix. [00:12:17] Kevin Bupp: Phoenix is a, it's a very large MSA. To think that, you know, we would just go there and be able to, you know, be successful in our own, I think would be silly thinking. You know, it takes quite some time to build that, not just the local market knowledge. Knowledge is one thing, but actually having those strategic relationships that are necessary and not even just with brokers, but also the municipality, you know, with the planning, zoning boards and, and knowing those individuals. And so the team that we're working with, the partnership that we formed, they've, they've been in that marketplace now for a decade and know it quite well. And so that's the strategic advantage that we really have in this particular project. [00:12:53] Sam Wilson: Absolutely. What are the compelling metrics in the build-to-rent space? I mean, clearly, you know, you told us in mobile home parks, you've seen them trade at a sub-four cap. So there has to be some more compelling kind of metrics surrounding build to rent.  [00:13:06] Kevin Bupp: Yeah. You know, it's interesting. So I was just at the IMN conference down in Miami. I guess it's been about a month now. And, lots of smaller time and medium size investors in the residential space. However, over the last couple of years, it's, it's really morphed into not just residential investments, but built to rent really as its own category now at these IMN conferences. And, there was a large number of institutions being represented at these IMN conferences. In fact, they have, IMN now puts on, I think, two a year, built to rent specific conferences. One's actually coming up, I believe it's in, in Vegas sometime here in September. So coming up in a few months, but basically the institutions, it's literally the fastest growing sector, you know, or asset class. And it wasn't even considered an asset class until very recently, literally over the last decade. In fact, it's still trying to find its identity, right? You meet folks that say, they call it build-to-rent, some call it build-for-rent. Some do B for R, you know, I mean like it's, it doesn't really even have its true identity yet. But what it does have is it has a ton of interest on the institutional side. The challenge is that there's not enough supply. You know, most institutional investors don't want to get involved on the development side. They don't want to be there. They want to, they want to buy the product either at CFO or already occupied. They want to buy a stabilized property. [00:14:23] Kevin Bupp: And, and so a lot of them have, they're willing to take to CFO, but there's not even enough homes being built right now for them to actually, you know, fill their coffers enough. And so when I say that, you know, we, we talk about mobile home parks and, and multifamily trading at just all-time historical low cap rates, built for rent, actually, you know, takes the cake there. Green Street and, and all the other data aggregators out there, they're following it. There's information about it, but not as mature as what we'll find here over the next five and 10 years, as it finally gets its own identity and truly becomes an asset class. But in any event, they typically trade for anywhere in two and a half ranges to, you know, sub-four range. So two and a half to the four is what cap rates these things trade on if they're being sold off at, you know, at stabilized, at a stabilized period of time. [00:15:11] Sam Wilson: Right. And so I guess that's my final question is what's the exit, you know, for you guys?  [00:15:15] Kevin Bupp: Yeah. So yeah, no, that's, that's a great question. We're not really looking to build to sell. You know, building in these strategic locations, like, you can't replace them, you know? So it's kinda like how I always felt about mobile home parks and we have sold mobile home parks, but we know they're not making anymore, right? And so when you find a great mobile home park or, or even a great parking asset in a very strategic location and a growing marketplace where the demand is increasing. It's going to be very challenging to ever replace that particular asset. And I feel very much the same about these, these build-to-rent properties that we're building. And so, while I'm not going to say that we'll never sell any of these developments, that is not our intent. Our intent is to actually build to hold and ultimately, you know, build a portfolio of these strategically located infill locations and build a portfolio out of it. And so not saying that we might not flip one out to, you know, to an institution to lower our basis overall, but generally speaking, we're looking at a 10-year horizon here.  [00:16:10] Kevin Bupp: Got it.  Has that investment thesis changed at all in the last decade for you with this idea of just build to hold? [00:16:17] Kevin Bupp: It has not. It has not, but you know, things come up that ultimately that, that will, you know, maybe change, you know, that direction of, of what had initially been thought of is like, we're going to hold this thing for 10 years to, well, maybe we should consider selling it. I mean, there's a litany factors there, you know, just using maybe examples of mobile home parks, you know, buying an existing product, something that was built 50 or 60 years ago, you can spend, you know, months doing due diligence. You can do market studies, you can hire, you know, outside consultants and feel that you have a good handle on the property, but there's always skeletons that come up in a particular property. It could be skeletons related to the market, skeletons related to the property itself, or just, you might find that you originally intend on expanding in that, that particular market. And so you bought this one, you intend to buy three or four more, but then you come to find that that's not necessarily where you want to, you know, place your energy and resources. And so why we, why are we just going to hold this one in this one market, we should sell this one out and focus our energy where we've decided that we're going to do an expansion. And so again, but our, our, our general thesis has not changed. I mean, we're long-term holders. And again, looking at most of these assets, whether it's built for rent, parking, or mobile home parks. I just know that they're not building anymore parking, not a lot of it, right? There are major restrictions on new parking coming to market. We know that that's the case with mobile home parks and then these built to rent, at least these projects that I'm speaking to, given that they're in urban infill locations, they're already in areas that are densely populated that have minimal land for development. And so I feel that they're irreplaceable in that. We'll be very happy in 10 years, looking back that we actually held onto them.  [00:17:53] Sam Wilson: Yeah, absolutely. I love that. And that's something that, you know, we've heard that, and again, it goes back to your podcast, Real Estate Investing Cash Flow. I mean, that's kind of, but that's something I just keep hearing more, you know, we've seen a lot of, you know, equity multiples, you know, huge IRR returns, people getting really excited about these monster appreciation plays, but I've seen even a, a change of tune from investors, you know, as they're reaching out and going, I just want cash flow. I just want to know that whatever we buy produces an income for an undefined period of time.  [00:18:22] Kevin Bupp: Well, well, so, you know, I, I agree with that and when you're continually, you know, flipping in and out of properties, you know, that's great. It produces massive IRRs and, you know, you're hitting home runs every time seemingly, but it also creates challenges on the other side, right? It creates challenges for your investors. I mean, as far as, you know, recapture. Now they've got, they got to think about where they're going to put their money again, right? Like, there's difficulties with that, especially with a lot of retail investors, like less sophisticated investors that they've got money to place. They don't want to be thinking about, you know, where the hell am I going to put this? You know, this a hundred thousand, 200, $300,000 thinking about every couple of years. And that takes work. That takes effort to do due diligence on your different sponsors, you know, if you're not going to stick with the same ones. And so, and it also creates, you know, tax challenges as well. And so I, I agree with you, you know, and we've done, we've tried to do a really good job over the, you know, the last decade or so as we really, you know, try to form our avatar and find who are our particular avatars of investor, who that individual is, what are they seeking? [00:19:21] Kevin Bupp: You know, we're looking for that individual that's looking for, you know, long-term stable cash flow. They don't necessarily need to be hitting, you know, 20% IRRs to make them happy. They don't necessarily have to hit home runs. They'd rather hit singles and doubles and being very consistent, than that of just, you know, big wins every couple years, and then having the challenge of I've got to find a replacement, I've got to find a replacement. I've got to find somewhere else to put my money and, and making them actually have to work for their investment where their investments should be working for them.  [00:19:48] Sam Wilson: Yeah. And also I think coupled with that is, is when you hit those big wins, which they're fun. Don't get me wrong. I love a big win, but it also that big win comes with some risk attached to it. And I think I see with people, you know, recognizing that, especially in the turbulent times, we're in going, you know what? I kind of want to de-risk my portfolio. I want to make sure that it produces an income and then just kind of leave it, set it, forget it, you know, to your point there.  [00:20:10] Kevin Bupp: And I think what it depends what stage you're at with your wealth. I mean, are you looking for, you're willing to take more risk today, you know, and hit those triples and those home runs to, you know, to accumulate more wealth? You're not looking for, you know, 2% or 3% returns, like you definitely want to grow your wealth still. So you're looking for something that's consistent, you can get, you know, 6 to 8% returns in your money, or are you looking simply for the lowest risk investment possible and just simple wealth preservation, right? Like, there's those three buckets, really, depending on where you're at. And I think, I think most of our folks are in that middle bucket, right? Like, they're looking for something consistent, maybe not just, they're not in a wealth preservation stage. They want to preserve it, but they still want it to grow as well. And looking for something that is fairly low risk and a great market to do it.  [00:20:51] Sam Wilson: And parking, I think, achieves that for a lot of people. Can you give us a run-through on the last deal that you guys closed in the parking sector?  [00:20:58] Kevin Bupp: Yeah, no, absolutely. So, the last deal that we, that we closed, it was a, a multiple step or multiple-prong deal, but it was a, it's a parking deck. It's actually in our backyard. It's in Clearwater Beach right here in Florida, Tampa Bay market. It's a 702-space, seven-story parking deck with 12,000 square feet of retail on the first floor, it's a block from the Gulf of Mexico. It's a phenomenal location, massive barriers to entry. They literally will not allow more parking to be built on that island. This was actually a public-private partnership with the city of Clearwater and the local private developer. They built it six years ago. And, you know, as, as these things sometimes go. The partnership, it had strains in it, you know, the city was, you know, provided the proforma of how this was going to perform for them. It didn't meet any of those metrics for a litany of reasons. The private developer did quite well. They had the best floors. They condo-wise each floor. And so they had the best floors. They did a good job negotiating this deal on the front end. But ultimately the private developer wanted to, you know, take that money and redeploy it in another asset. [00:21:55] Kevin Bupp: And then the city just wanted, they wanted to take that money and actually put in another project 'cause their return on it has been horrific over the past six years. They've kept their rates artificially low over the past five years, you know, half of what the market is there. And so we basically, you know, the, you know, the, the deal was essentially getting both parties to agree that we're going to, that we're going to sell. We had to close the private portion first, and then it took us some time to get the city's portion closed. We had an operator lined up already that we've prenegotiated a trip and net lease with an operator that manages, you know, 50 plus parking assets down along the beaches. And so very familiar with that marketplace. And so, you know, we, a lot of the value add was done in the year that it took us, you know, from the initial conversation to the actual closing of the deal, most of the value add happened in that span of time, you know, it being of negotiating with both the city and the private, and also getting that private operator, that local operator in place for that triple net lease. And so more excited about it. It's only six years old. I mean, it's a fairly new structure. I mean, which isn't that common in the parking space to find a garage that's only six years old, that's actually available for sale, any great location. [00:22:59] Kevin Bupp: And, so anyway, we're super excited about it's, it's a phenomenal deal, you know, kicking off a ton of cash flow, and there's still a good bit of upside there for that operator stepping in. And, they've instituted some dynamic pricing, you know, the prior operator that worked for the city and the private developer, literally just had $3 an hour, didn't have any flat-rate pricing for, you know, events, holiday, weekends at the beach, 4th of July, things of that nature. They just kept that $3 an hour all the time. So they had a lot of meat left on the bone for that new operator step in, and they're excited about it. They're happy. We're happy. It's just been a phenomenal deal all the way around. [00:23:31] Sam Wilson: I love that asset class. That's really cool. And I, and I, and I'm pumped to see you guys, you know, doing well with that, that that's a lot of fun. I think that's, you know, again, unique asset class and it's cool. You're finding those opportunities. I've certainly seen the same thing. You know, those public-private partnerships. You know, we, we even had an opportunity at one point they brought us a bunch of garages to build, but their underwritten performers were just so, so far off, it was like, guys, you can't. It's just never going to work. Like, no. [00:23:58] Kevin Bupp: Yeah, we actually got a hold of the proforma that the consultant provided the city, you know, prior to the development of the garage. And, like, there wasn't one year where it actually hit that. But again, most of that was because the city basically of the seven floors of the parking deck, the private developer owned the first, they owned the first two and the retail and the seventh, and then the city-owned 3, 4, 5, and 6. Well, in normal times, the first two floors got the majority of the traffic. And then proportionally speaking, they actually shared the expenses proportionate to their ownership. And so the private developer only owned 252 spaces. The city-owned, whatever the number is, it was, you know, 450 or 460. Anyway, they proportionally paid much more in expenses but had way less revenue. I mean, it was, again, kudos to the private developer from the negotiations on the front end, 'cause they did a phenomenal job, but unfortunately, the city got the short end of the stick and it just never ever met their projections. [00:24:49] Sam Wilson: Right. And I mean, the city doesn't know parking. That's not their business.  [00:24:53] Kevin Bupp: No. They should have bought, the city should have actually bought the other. That's what they should have done, but they're already so far in the water and they just, they had another big project happening. They just wanted to take their, their millions and, you know, redeploy it into the other project. They didn't want to have any, any discussions about buying the other, you know, the other part of the parking. So obviously we were the guys with the capes on and came in and saved the day.  [00:25:14] Sam Wilson: Good for you. I love it. Love that story. Kevin, thank you for coming on the show today and, and sharing with us everything you guys are getting involved in, where you see the mobile home park space right now, how you guys are crushing it in parking, and then, you know, the opportunity you guys see in the builder rent market there in Phoenix. I love it. You've shared with us a ton of information. Certainly appreciate it. If our listeners want to get in touch with you or learn more about you, what is the best way to do that?  [00:25:34] Kevin Bupp: Yeah, they can go to kevinbupp.com. You can contact me there if you want to learn about Sunrise Capital Investors, which is our investment arm. You can go to investwithsunrise.com and then, Sam, if you don't mind, I actually just released a book too. I'd love to give a free copy to your listeners. They can go to kevinbupp.com/freebook, and you can see it on the screen behind me. I don't know if we do this in video or not, but it's called The Cash Flow Investor. It's about building wealth in commercial real estate. And again, they can grab a free copy by going to kevinbupp.com/freebook.  [00:26:00] Sam Wilson: Awesome. We'll certainly include that there in the show notes as well. And yeah, this will be on YouTube as well for those watching on YouTube. So, Kevin, thank you again for coming on. I certainly appreciate it. [00:26:08] Kevin Bupp: Sam. Thanks for having me. It's been fun. 

Are funds more beneficial than syndications for the investors? Are they better for the sponsors? How to approach investors when you have a deal? How to find a great partner in the industry? Brian Spear, Principal at Sunrise Capital shares his experience. You can read this entire interview here: https://bit.ly/3vjvOGa Why do you recommend people creating a fund instead of syndications to be begin with? I wouldn't say that, with absolute assurance, everyone should always create a fund, but I do believe that funds are better structure for both parties involved. Selfishly from the general partner side, it ‘s more flexibility of capital, it affords you the opportunity to be able to move at a moment's notice. If every time that we stumbled upon a given transaction that we wanted to acquire, we had to roll out a brand new syndication. Then we would miss some deals, some opportunities in a hot market such as this, when you have to compete against other people. The brokers want to know where your equity derives. If you don't have the ability to say, “I've eight figures sitting in the bank right now and I can close on this next week if we really need it to”, then you're going to be at a little bit of a disadvantage, especially in this crazy environment where there's so much capital chasing deals. The fund affords you to have that capital ready when those opportunities arise so that you can act and move faster, that expediency helps tremendously. Funds will afford you to provide outsized IRRs as well. Depending upon the scale of your respective fund, you may be able to garner some lines of credit, which would afford you to be selective about when you bring capital in and leveraging that provides your investors with a higher internal rate of return. In addition, you get diversification across the various different assets. I'm assuming that you recommend people doing a syndication first, because it's probably very hard to raise for a fund first? Yes, you want to use your own capital to go out and prove the business model. To have a simple, scalable, and repeatable one prior to rolling out a fund. It would be imprudent to just launch a fund from scratch, you need to go out and prove yourself first. There's nothing wrong with that. But I do think that ultimately, the fund structure provides more benefits for everybody involved. I would pose to you that's why the likes of Blackstone, Carlyle Group, Apollo, all the guys on Wall Street, don't run out and do individual deals specific syndications. They do fund structures without fail for all those reasons. How do you approach an investor when you have a deal? The question of how you approach investors when you have a deal begins well in advance of when you have a deal. You're never going to reach out to somebody, and hard sell them on wiring you $100,000 one day after you have a deal, come under contract, and all of a sudden need to scramble to get that capital. What you need to do is develop that relationship with the prospect or the potential investor many days, weeks, months or years in advance of that opportunity arising. If you intend to scale actively in this business, you're going to need to build a substantive Rolodex. And you're going to need to begin providing that Rolodex with valuable content that provides them with insight and knowledge that you are an authority in your industry and are worthy of their time, energy, effort, and ultimately capital, to partner with you on deals as you progress. Brian Spear www.parkinglotprofits.com www.sunrisecapitalinvestors.com --- Support this podcast: https://anchor.fm/best-commercial-retail-real-estate-investing-advice-ever/support

How to invest in parking lots? What are the benefits and drawbacks of parking lot investing? How do you even go about learning about this new asset class? Are there lenders in this industry? Brian Spear, Principal at Sunrise Capital, shares what he has learned over the years. You can read this entire interview here: https://bit.ly/3rFaXuJ What are the pros and cons of owning a parking lot? Starting with seeking favorable long term economics, the demand for parking is growing and will continue to grow over the next several decades. The two largest generations that we have, Gen Z and the millennials, are going to need vehicles and travel throughout the entirety of the country. That demand is continuing to increase, while the supply of parking is shrinking over time. As the population grows, cities are getting more and more dense, developers are taking some of the high quality parcels in downtowns and redeveloping those assets into a higher and better uses. Parking lots are prime parcels and some of the best locations in the country, just by the mere fact that somebody is willing to pay you money for the right to stand on my piece of land, tells you that you're in a very high quality urban business district, or a very high traffic tourist destination. It's exceptionally high quality land with low maintenance costs, there's really not a lot going on inside of a parking lot, you have some bumper blocks, striping, but there's not a lot of high capital expenditures inside of a parking lot. The vast majority of the revenue goes to the bottom line. How about some of the negatives in that space? Because it is fragmented, it is more difficult to scale in the industry, due to the ownership structure, most folks only own that one asset or those couple of assets. In order to scale, you're not able to buy facilities and large swathes. Parking lots are more of a slow, steady plot. Another drawback is on the financing side. While there are some good lenders, just the mere fact that it's not a well known asset class, there are fewer lenders in the marketplace that understand the asset class. And for that reason, if you have a more modest sized parking lot, you're likely going to have more difficulty garnering the best and most attractive financing terms available in the marketplace. How did you find that first lender? By networking at these parking conferences, there are a handful of those national conferences on an annual basis. It's a relatively small industry, and because these are relatively small niches, you have the ability to climb the ladder a little quicker than what you might be able to do with the other asset classes. You can network with some of the players that are top tier in the industry, by virtue of attending some of these conferences and things of that nature and spending some time in the conferences, talking shop with some of the players in the industry, you can garner some business cards that will help you attract some of the better debt available. Do you get the land on all the parking lot deals as well? We want to own the land, the value from our perspective is in the long term ownership of the land itself. Customers literally drive the car up and park on an hourly basis. I always tell people go to a conference for any new asset class, that's the number one step, you're going to meet so many people that can help you. You can do a ton of learning while you're driving and listening to podcasts, but at some point, you have to get out there and meet people and start to take an action in that manner as well. Brian Spear www.sunrisecapitalinvestors.com --- Support this podcast: https://anchor.fm/best-commercial-retail-real-estate-investing-advice-ever/support

David (Viacheslav) Davidenko is a full-time accredited investor from Austin. He is a respected, profit-driven entrepreneur and general management professional with a stellar career history of achievements investing in highly successful businesses. He has invested all-time as a GP and LP in 27 multifamily properties, almost 5,000 units altogether.  Julia Bykhovskaia is a Co-Founder and Managing Partner of Sunrise Capital. With her strong finance background, Julia is focusing on deal underwriting and asset management. In her past, Julia was an experienced investor in public and private companies, working as a securities analyst who started her investment career in 2003. Let's dive in to learn more about David and Julia and how they leverage the Texas market.   [00:01 – 06:43] Opening Segment  Julia and David talk about their backgrounds They talk about how they got started David breaks down the range of their portfolio. [06:43 – 14:54] The Texas Market David talks about some of the reasons why they prefer to invest in Texas. Julia talks about why multifamily is resilient and a better investment option than any other investment types. Julia talks about some of her predictions on what's going to happen in the next two years. The importance of finding ways to protect yourself and protect your investors. [14:54 – 30:24] Great Partners The reasons why communication is key in partnerships and the difference between an argument and a conflict. The importance of understanding your background before deciding on what type of properties you want to invest in. How to reduce competition Why David and Julia don't prefer value-add properties. Announcement: Download Our Sample Deal and Join Our Mailing List   [30:24 – 36:18] Bullseye Round Apparent Failure: Occasionally losing a deal.   Digital Resource: Outlook   Most Recommended Book: Who not How    Daily Habit:  Keeping their digital devices away to focus   Curious About: How to build a larger company   I Wish I Knew When I Was Starting: That I can't do it all on my own   Best Place to Grab a Bite in Austin and New York Oasis and Capital Grill   Contact David and Julia: Go to sunrisecapitalgroup.com to reach out to David and Julia.  Reach out to David and Julia from their emails. vd@suncapus.com julia@suncapus.com    Tweetable Quotes: “When you respect each other with your partner, you just argue but that's not a conflict.” - David Davidenko “There are a number of reasons to invest in Texas but I think there is still room for growth” - Julia Bykhovskai   Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.

Brian Spear is a Founder of Sunrise Capital Investors. His company specializes in acquiring deals in off-market, direct-to-owner transactions in the unique niche of mobile home parks.  Over the past decade, Brian has raised tens of millions of dollars and has helped hundreds of accredited investors diversify into mobile home parks. As co-host of the Mobile Home Park Investing podcast, Brian also educates investors on how to locate, negotiate, and acquire properties that generate cash flow and build legacy wealth for their families. He has been featured in numerous media outlets and is an official member of the Forbes real estate council.  Brian attended the University of Kentucky on a baseball scholarship and was voted captain of a team that ultimately had six MLB alums. He was also named CoSlDA ESPN the Magazine Academic All-District.Episode Highlights:- Many institutional investors are forced to sell properties because of maturing debt or because they're in the process of winding down a fund. Mom and pop operators on the other hand, usually have no motivation to sell within a clear timeline since the main motivator is to retire someday.- Leveraging brokers that have been plugged into a community for many years and that is not an industry specialist can be a very valuable asset to leverage in finding deals. Brokers also save you a lot of the leg work required to find deals yourself.- Although Sunrise Capital relies on brokers to bring in many deals, about 85% of their total deals are sourced using direct-to-owner marketing.- The natural progression of a real estate investor to reach capital fundraising status is to start with your own capital, raise money from friends and family, grow your investor network through word of mouth referrals, and eventually raise capital through SEC regulated syndications such as Reg D 506(c) offerings. It took Sunrise Capital at least 4 years to reach this point.- Sunrise Capital differs from other real estate investment firms in that they usually return capital to their investors through refinancings instead of asset sales, which mitigates investors' reinvestment risk and maximizes the longevity of each investment.Helpful Links:www.sunrisecapitalinvestors.comBest Way to Contact Brian:sunrisecapitalinvestors.com/freereportInvestwithsunrise.com

David (Viacheslav) Davidenko is a full-time accredited investor from Austin. He is a respected, profit-driven entrepreneur and general management professional with a stellar career history of achievements investing in highly successful businesses. David is a Founder and CEO of the Hi-Tech company, the silver prize winner of Forbes magazine's “The School of a Young Billionaire” competition. He has invested all-time as a GP and LP in 22 multifamily properties, almost 4,000 units altogether. David is a managing partner and co-founder of Leander Springs, a mixed-use new development project with retail, restaurants, entertainment, hospitality, office and residential components with a four acre lagoon in the middle, that upon completion should be worth more than $1 billion. He holds an MBA Degree from University of Chicago Graduate school of business. Julia Bykhovskaia is a Co-Founder and Managing Partner of Sunrise Capital. With her exceptionally strong finance background, Julia is focusing on deal underwriting and asset management. In her past, Julia was an experienced investor in public and private companies, working as securities analyst who started her investment career in 2003 as a research analyst specializing in high yield/distressed corporate bonds and worked at various hedge funds, including Schultze Asset Management, Concordia Advisors and BulwarkBay. Julia was also a part of a Workout/Debt Restructuring team at Credit Suisse and Loan Syndication & Trading Department at BNP Paribas in NYC. Julia earned a BS in Entrepreneurship from State University of Management in Moscow, Russia and an MBA in Finance from New York University's Leonard N. Stern School of Business and is a Charted Financial Analyst.   If you like what you hear be sure to like, share, subscribe! Podcast- Mindful Multi-Family show Instagram- Chris_Salerno_ Youtube Channel- Chris Salerno

XOLARIS se développe en France et au Luxembourg Le Groupe XOLARIS continue de croître et étend sa présence à la France et au Luxembourg, avec d'autres pays à suivre. Le Groupe XOLARIS n'a cessé de se développer pour former une plateforme de structuration internationale d'actifs réels. Son bureau de Paris a été ouvert le 1er mai 2021. Le nombre de pays dans lesquels des services de structuration et de gestion de fonds pour les FIA peuvent être offerts a été élargi à la France et au Luxembourg. Des pays comme l'Autriche, les Pays-Bas et Chypre suivront dans les prochains mois. " Notre croissance montre qu'il y a une demande croissante pour notre offre de services de " plateforme de marque privée " ; cela s'ajoute à nos pays centraux actuels, l'Allemagne et le Liechtenstein, ainsi qu'à la France et au Luxembourg. Ce n'est pas tant que nous offrons à nos clients les avantages du Luxembourg en tant que lieu à part entière ; ils apprécient plutôt le fait que, dans nos discussions avec eux, nous sommes en mesure d'offrir des solutions dans un éventail de pays; et ainsi, pourrait potentiellement devenir un point de contact central en ce qui concerne leurs exigences en matière de structuration internationale d'actifs réels et de gestion de fonds. " Nous continuerons à poursuivre sur cette voie de manière constante ", déclare Stefan Klaile, membre du conseil d'administration de XOLARIS AG. Le groupe XOLARIS continuera à élargir son orientation en tant que service de gestionnaire de fonds alternatifs internationaux pour les actifs réels. Avec des sites en Allemagne, au Liechtenstein, en France, à Hong Kong et à Singapour, nous sommes déjà en mesure de proposer à nos clients des solutions de structuration dédiées. Fidèle à notre devise "Made with Passion", nous prenons le temps de comprendre les besoins de nos clients et de les mettre en oeuvre dans des solutions de structuration personnalisées. Grâce à notre approche intégrée, de la structuration à la liquidation des fonds, nous sommes également en mesure de prendre en compte tous les souhaits de nos clients en matière d'administration ou de comptabilité des fonds. Avec notre marque "Sunrise Capital", nous soutenons les partenaires de distribution et les investisseurs. Elle sert d'interface entre l'AIFM et nos clients et est le point de contact pour toutes les questions relatives aux ventes.

Join your host Cody Lewis as he talks with David Davidenko and Julia Bykhovskaia. David talks about the importance of having proper due diligence. On an early property constructions issues found after the purchase caused him to not pay distribution for a year. Julia talks about a similar situation while dealing with an insurance claim. Specifically knowing what type of license your contractor needs.   About David and Julia: David (Viacheslav) Davidenko is a full-time accredited investor from Austin. He is a respected, profit-driven entrepreneur and general management professional with a stellar career history of achievements investing in highly successful businesses. David is a Founder and CEO of the Hi-Tech company, the silver prize winner of Forbes magazine's “The School of a Young Billionaire” competition. He has invested all-time as a GP and LP in 22 multifamily properties, almost 4,000 units altogether. David is a managing partner and co-founder of Leander Springs, a mixed-use new development project with retail, restaurants, entertainment, hospitality, office and residential components with a four acre lagoon in the middle, that upon completion should be worth more than $1 billion.   Julia Bykhovskaia is a Co-Founder and Managing Partner of Sunrise Capital. With her exceptionally strong finance background, Julia is focusing on deal underwriting and asset management. In her past, Julia was an experienced investor in public and private companies, working as securities analyst who started her investment career in 2003 as a research analyst specializing in high yield/distressed corporate bonds and worked at various hedge funds, including Schultze Asset Management, Concordia Advisors and BulwarkBay. Julia was also a part of a Workout/Debt Restructuring team at Credit Suisse and Loan Syndication & Trading Department at BNP Paribas in NYC. Julia earned a BS in Entrepreneurship from State University of Management in Moscow, Russia and an MBA in Finance from New York University's Leonard N. Stern School of Business and is a Charted Financial Analyst.   Connect with Julia: https://www.sunrisecapitalgroup.com

The XOLARIS Group continues to grow and is expanding its presence to include France and Luxembourg, with more countries to follow. The XOLARIS Group has been consistently growing into an international structuring platform for real assets. Its Paris office was opened on 1 May 2021. The number of countries in which structuring and fund management services for AIFs can be offered has been expanded to include France and Luxembourg. Countries such as Austria, the Netherlands and Cyprus are to follow in the next few months. "Our growth shows that there is increasing demand for our "Private Label Platform” service offering; this is in addition to our current core countries of Germany and Liechtenstein, and also France and Luxembourg. It is not so much that we are offering our clients the benefits of Luxembourg as a location on its own; rather, they appreciate the fact that, in our discussions with them, we are able to offer solutions across a range of countries; and so, could potentially become a central point of contact as regards their requirements in international real asset structuring and fund management. “We will continue to pursue this path in a steady fashion”, says Stefan Klaile, a member of the XOLARIS AG Board of Directors. ____ The XOLARIS Group will continue to expand its focus as an international AIFM service for real assets. With our locations in Germany, Liechtenstein, France, Hong Kong and Singapore, we are already able to offer our customers individual structuring solutions. True to our motto “Made with Passion”, we take the time to understand the needs of our customers and implement them in individual structuring solutions. Thanks to our integrated approach from structuring to liquidation, we can also take into account all of our customers' wishes in administration and fund accounting. We support sales partners and investors with our “Sunrise Capital” brand. She serves as an interface between the AIFM and our customers and is the contact person for all questions relating to sales. ___ Follow us on LinkedIn for news and updates or send a message to @xolarisgroup or by e-mail to info@xol-group.com for questions or support. https://linktr.ee/xolaris_group www.xol-group.com | XOLARIS AG | Austrasse 15, 9490 Vaduz Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Press Contact: Zoe Peffer | +49 7531 584 880 | z.peffer@xol-group.com

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode of the Passive Mobile Home Park Investing Podcast, Andrew Keel talks with Charles DeHart, a mobile home park investment Fund Manager and Broker with Marcus and Millichap. Andrew and Charles do a deep dive into Charles' background in military and private security and what brought him to real estate investing. They dive into the transition Charles made into the world of mobile home park investing while living overseas! Charles has an amazing story to tell, building and managing a mobile home park empire worth over $75,000,000! Andrew and Charles talk about how Charles met Kevin Bupp and how they formed Sunrise Capital, a mobile home park investment fund. They also talk about common mistakes in underwriting, how to properly vet a mobile home park operator, and what you need to do in order to manage upwards of twenty on site mobile home park managers at once!Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 1,500 lots under management. His team currently manages over 20 manufactured housing communities across ten states - AR, GA, IA, IL, IN, MN, NE, OH, PA and TN. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities.Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews: https://www.keelteam.com/podcast-links. In order to successfully implement his management strategy Andrew's team usually moves on location during the first several months of ownership. Find out more about Andrew's story at AndrewKeel.com.Would you like to see mobile home park projects in progress? If so, follow us on Instagram: @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions. Talking Points:00:21 - Welcome to the Passive Mobile Home Park Investing Podcast00:52 - Charles DeHart's background and his MHP story08:20 - Building and using a database10:37 - Forming Sunrise Capital Fund with Kevin Bupp15:54 - The story of Sunrise Capital18:38 - Mis-managed mobile home parks20:50 - The models that Sunrise worked with in the beginning22:35 - Transitioning from military/security work to the MHP business26:17 - Becoming a broker28:38 - Common mistakes in the underwriting of mobile home parks31:30 - Capitalized vs not-capitalized income36:36 - The future of the economy40:15 - Their first park in and out of the $10 million fund44:20 - Charles' model for their park owned homes48:30 - The hardest part about park owned homes50:10 - What Passive Investors need to look out for when investing in mobile home parks50:50 - Vetting operators53:42 - Charles' perfect mobile home park56:15 - Getting a hold of Charles57:33 - Conclusion Links & Mentions from This Episode:

This episode is brought to you by Merk Research. Visit this link to take advantage of the offer presented on the podcast. To listen without ads or announcements, become a premium subscriber. Chris Stanton of Sunrise Capital rejoins the podcast to discuss his views of what will upend the raging bull market in risk assets. Content Segments(Spotify users can click on the timestamp directly to link to the start of the segment) How we got here: the market price action is similar to late summer, 2019 (3:49); However, there are some big differences between then and now, starting with volatility (5:44); What's awry? Two things should have people's attention. One is that the retail market has figured out how to achieve leverage. The second is market structure (10:46); Big market makers are being eliminated by the day, including hedge funds (16:59); Where are the investors who have been moving the market? Not in the U.S. (20:38) Believe it or not, U.S. investors do not appear to be "all in" on the bull market yet (24:48); Central banks are setting up everybody's portfolio to be long. At the same time passive indexing has eroded cash reserves (29:57); The "terrible" setup is in place: Vol is elevated against what it has done historically, the market structure is not set up to provide liquidity when it is needed most, and investors are in increasingly crowded trades (37:57); What ends the bull market? First thing could be a resurfacing of trade tensions with China (45:56); Vaccines could provide a "straight line" out of the coronavirus crisis, removing the need for ultra-loose interest rate policy (49:00); It's only going to take one sentence in the Fed minutes to spook markets. Watch for the whole thing to be politicized too (50:49); The next correction we see is not going to be 5%. "I will bet you it's 15...it's going to scare the living daylights out of you again." (53:39); Commercial real estate is something else worth watching (57:04); For now watch for the bull market to run until March. If that happens, short opportunities should be abundant (1:00:01); Finally, keep an eye out for a currency crisis to trip up investors (1:02:02). More About The Guest Website: SunRiseCapital.com Twitter: @CStantonCIO Not intended as investment advice. Listeners are advised to do their own research and make their own decisions.

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode of the Passive Mobile Home Park Investing Podcast, Andrew talks about passively investing in mobile home parks with Kevin Bupp. Kevin is the host of the Mobile Home Park Investing Podcast as well as the Real Estate Investing for Cash Flow Podcast. Both of which are top ranked on iTunes. At his day job, Kevin is a fund manager for Sunrise Capital Investors, which focuses on niche market segments that are currently out of favor, inefficient, and have less competition. With over two decades of experience, Mr. Bupp also educates investors how to locate, negotiate, and acquire commercial real estate to generate cash flow and legacy wealth for their families. Today Kevin and Andrew talk about value add components, past experiences, risks involved with investing in trailer parks, the future of asset class, and Sunrise Capital Investors. Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 1,400 lots under management. His team currently manages over 20 manufactured housing communities across ten states – AR, GA, IA, IL, IN, MN, NE, OH, PA and TN. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews: https://www.keelteam.com/podcast-links. In order to successfully implement his management strategy Andrew’s team usually moves on location during the first several months of ownership. Find out more about Andrew's story at AndrewKeel.com. Are you getting value out of this show? If so, please over to iTunes and leaving the show a quick five-star review. I have a goal of hitting over 100 5-star reviews by the end of 2021, and it would mean the absolute world to me if you could help contribute to that. Thanks ahead of time for making my day with your five-star review of the show. Talking Points: 00:19 - Welcome to the Passive Mobile Home Park Investing Podcast 01:24 - Kevin’s background and educational journey through real estate 07:00 - Great on-site manager s vs slum-lord managers 11:28 - Mayor Bobby Cartwritght 13:24 - The hardest part about the mobile home park business 20:57 - The biggest risks in passive investing 26:26 - The value add components 30:49 - What does the perfect mobile home park look like 31:42 - The typical park that Sunrise Capital acquires 35:28 - What does Sunrise specialize in? 40:07 - The future of asset prices 44:00 - Sunrise Capital team and operations 50:45 - What are Kevin’s typical general partner splits and fees 55:00 - Getting a hold of Kevin 00:00 - Conclusion Links & Mentions from This Episode: Kevin Bupp’s official website: https://www.kevinbupp.com/

Chris Stanton, chief investment officer at Sunrise Capital, rejoins the podcast to discuss his bearish views on the market at the start of 2020. There are reasons to believe a market correction is overdue, Stanton says. Risk is everywhere: geopolitical, volatility, repo markets. A drop of 18% to 20% can be expected before March 31. Highlights: "Rest assured, we're heading for a correction and I would argue it's going to be terrifying when it comes" (5:43) The "Phase 1" deal with China is a temporary measure that will be revoked if Donald Trump wins reelection in November (9:55) A likely catalyst for a correction is in the repo market (11:36) A "volatility-led sell off" is likely before the end of the first quarter (16:12) Where's inflation? (26:34) It may not take an actual headline for investors to decide equities are overbought (31:01) Background on Stanton's firm, San Diego-based Sunrise Capital (38:03) The "origin story": Background on Stanton himself (53:03) What should retail investors do, right now? (1:02:49) Not intended as investment advice. For more information on Sunrise Capital: www.sunrisecapital.com

In this episode of the Mobile Home Park Investing Podcast, Kevin welcomes Gene Norman. Gene is a senior meteorologist and the VP of marketing at HazardCall. HazardCall is a system developed for manufactured homes wherein any community can give their residents alerts and notifications that help them make decisions about approaching impactful weather events such as tornadoes, hurricanes, thunderstorms, and ice storms among others. Gene explains how and why HazardCall came into fruition and discusses the value in their messaging system that comes from procuring their services. Gene also provides a step by step illustration of HazardCall's system and how it works. Kevin and Gene also talk about pricing, extra features, and other details about HazardCall. Quotes: “One of the biggest challenges of course, is telling people what to do when there's an emergency and where they should go and that they should even have a plan.” “When your phone rings at 2 in the morning, you're likely going to pay attention to that and we got urgent messaging that tells them there's a storm threat but it also gives them instructions on what they should do.” “If the community manager finds out from the local emergency officials or from the power company that the power will be back on at such a time, we can type out that message on their phone and all the residents who were displaced would get that.” “It doesn't happen everyday so we're not calling everyday but when those things are happening in your neighborhood, when the phone rings then we'll get your attention and hopefully that will incite and send you to take the safety action that you need. Each unit, so to speak, can have up to two numbers assigned to it.” “The biggest challenge a home community owner will have will be collecting resident information. But once you do that and put it into the system, you know maintaining this is fairly easy to do and we help you every step of the way..” Discussed in this Episode: 5:40 What is Hazard Call? 13:06 The messaging system and weather alerts 18:57 Gene explains how their system works [see link to presentation slides] 23:21 Pricing 26:36 Gene talks about “PR insurance” and other system features RESOURCES: View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com Download Your 1-Page Hazard Plan & Get Your Free Trial at HazardCall Visit HazardCall's Website

In this episode of the Real Estate Investing for Cashflow podcast, Kevin, along with his business partner at Sunrise Capital, Brian Spear, talk cost segregation with Kimberly Lochridge. Kimberly is the Executive Vice President for Engineered Tax Services, Inc. (ETS), an industry-leading provider of specialty tax services in the United States. Kimberly’s business management skills have positioned her as a big-league tax expert for Fortune 500, ultra-high net worth individuals, single and multiple family offices, architects, engineers, and CPAs nationwide. In this informative conversation, Kimberly explains what cost segregation is and how it can help businesses. She also answers frequently asked questions asked by Brian to separate fact from myth surrounding cost segregation. The guests also present and discuss a case study to further shed light on how cost segregation works and tackle other topics pertinent to this business practice. QUOTES: “The difference between the 1040 and a 1040 EV is that the EV is the straight line or what you call the standard deductions and your 1040 is the itemized deductions, well, cost segregation is the 1040 for real estate..” “Essentially when you sell a building, you’re taking what you sold it for minus whatever the purchase price was, which is your gain, but you also have to add in to that gain your accumulated depreciation.” “There are different types of cost segregation studies and as you dig into this, you’ll have engineered based cost segregation and that’s where we actually rebuild the property from the ground up.” “I think of the CPA as the family practice doctor and EPS is the brain surgeon.” “When working with a third party property management company, you need to ensure that they have the information at the ready so that when they do those capital expenditures and do those capital improvements on your behalf, they’re actually handling the depreciation appropriately.” HIGHLIGHTS 4:20 Kimberly’s background 7:54 Kimberly explains cost segregation 11:13 FAQs about cost segregation 23:14 Brian and Kimberly tackle a case study 33:31 What is the DEERA report? Job Opportunities with my Team: Click Here Recommended Resources: Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here Download our Cost Segregation Study Visit www.engineeredtaxservices.com Review and Subscribe

Today's episode of The Mobile Home Park Investing Podcast delves into the all-important topic of due diligence. Host Kevin Bupp is joined by Jethro van Aardt, the Director of Operations at Sunrise Capital Investors, and they break down the many moving parts and processes of due diligence--from kick off to title transfer. Due diligence is one of the most critical aspects to master when diving into the niche of mobile home park investing. It has its own unique set of nuances and to be aware of, as well as opportunities and usual skeletons in the closet to watch out for. Quotes: "Due diligence process, it's a pretty thorough process and a lot of sellers often get intimidated by it. They're worried that you're going to uncover something and it's going to completely throw the deal out so they get kind of secretive, which is pretty strange. It's counter-intuitive."  "The offsite phase is critical. We need to know that we have the exact information. For example, simple things like the exact address of the property, the exact pad count, how many homes are abandoned, how many homes are resident-owned, how many homes are rented by tenants, etc etc. So it's verifying a lot of information." "DD is really just a long checklist and it's following that checklist and obviously you start off with the most critical things and, if you can get through those critical things from the top to the bottom, then you reassess and understand do you move forward or not."  "Sometimes these places look really nice from the outside. When you get inside, they're in really bad shape. You need to understand the quality of the resident base. If anybody is prepared to live on the floors, you know that person's not paying the rent and they're probably going to skip the town in the middle of the night."  "Unfortunately that's one of the painful things sometimes is that you can do all that prep work and offsite, think that you've covered everything but there's still going to be skeletons and that's why the onsite is so crucial." Discussed in this Episode: 09:25 Kickoff call process and offsite due diligence 19:55 Onsite due diligence and prelim investment committee phase 38:13 Closing and pre-take on
 43:32 Software used by Sunrise Capital Investors
 46:54 Usual skeletons in the closet RESOURCES: View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com

This episode of Mobile Home Park Investing features MAI Appraiser and manufactured housing expert Erik Hanson. He is Executive Vice President of Midwest Appraisal Group, a real estate appraisal and consulting firm with offices in La Crosse and Madison, Wisconsin.
 Erik specializes in mobile home parks, franchise hotels, and convenience stores. He also earned his MAI Designation from the Appraisal Institute in 2014, where he serves on the board of directors as vice president and educational chair for the Wisconsin Chapter.  Kevin and Erik dive into industry and rental trends, cap rates, sales activities going on now, and predictions for the industry in the coming years. Erik also shares a couple of stories from his experiences in the mobile home park industry. Quotes: "Definitely the new buyers are far more aggressive. I don't know if that's a good thing or not but it seems like they're really willing to pay all those cap rates and maybe buy in an area that doesn't make a whole lot of sense." 
 "I think a lot of it is the supply side is so small right now for anything that's out on the market that people just tend to gobble up whatever they can find."
 "It seems like it's a little more accepted now on the park-owned homes side, especially on the newer homes--the older homes is still kinda hit or miss--but the newer homes it seems like if they can't get them sold, they're willing to rent now."
 "We also look at it from a rental side. If the rents are exactly the same but one tenant's got to pay 150, one tenant's got to pay 40 in addition to rent, you have to consider that especially if there's vacant sites in those parks." "You got to buy a couple of parks on your own first before the brokers are going to even consider you. Get your track record kind of in order before you start reaching out there."  Discussed in this Episode: New people in the industry: Trends and experiences Appraising homes and risk assessment Case study on utilities Trends with market rents Noteworthy stories on the field RESOURCES: View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com

In this episode of The Mobile Home Park Investing Podcast, Kevin Bupp speaks with manufactured housing finance expert Jerry Muir. He is Managing Director at Greystone working with the Agency Lending Team with a primary focus on building out and expanding their manufactured housing lending platform.
 Jerry is a 25 year veteran of Fannie Mae and, during his time as Director of Multifamily Credit underwriting Fannie Mae, was responsible for a 12-state southeast region. 
 He had dual roles in developing and managing the manufactured housing community lending platform. Impressively, he has overseen north of 10 billion in financing.  Quotes: "You might not have the prettiest homes in there but if it's a well-run community, it's stable, it's going to do well." "Our manufactured housing community, because you've got so much stability because it costs so much for a resident to take his home and move it to another park (I mean it could be in excess of $7000), they're not just going to move down the road like in the multifamily property."
 "If you've got a tier 2 loan on the property and you want to do a supplemental, you would get tier 2 pricing on the supplemental, basically."
 "Their regulator, the FHFA, basically restricts the amount of business the two agencies can do and they call it cap or uncapped business. An uncapped business is they can do as many loans as they want in that space."
 "They really open to more people and make it more affordable for them to get into a home and get into a park, no question about it.
" Discussed in this Episode: Developing MHC at Fannie Mae
 Differences of Fannie Mae and Freddie Mac
 Supplemental Loan Program explained
 Future outlook of Fannie Mae
 Detailed overview of Greystone in the MHC space RESOURCES: View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com https://www.greyco.com/

In this episode of The Mobile Home Park Investing Podcast, Kevin Bupp hops on a call with real estate expert Matt Ricciardella, managing member of Crystal View Capital, a private investment firm with a focus on value add real estate. Since its inception in 2014, the firm has raised almost $17 million of equity capital and has approximately $60 million in assets under management with a specialized focus on manufactured housing and self-storage asset classes. Matt also goes into fine detail about recent successful projects and how his company manages all the different asset classes they handle from across the US. Quotes: "In my hunt for finding deals that would yield the best cash flow, I kinda came across mobile home parks and self-storage as the key assets that I wanted to focus on since those properties yielded the highest free cash flow out of all commercial real estate classes that I came across and underwrote."
 "These opportunities are available to all of us. You've got to dig--especially now you've got to dig even harder--and then you've got to have the wherewithal to recognize that there is that untapped, hidden value." "Once you've added value and you've maximized that value, it's time to look to exit." "Through the years, we've been kicked down the street and that's the only way I think we've learned and we've learned from our mistakes and as a result we've implemented some of these strategies that has made us successful managers of mobile home communities." "The best thing I can tell you is to take action. Go out there, make it happen, start looking at opportunities, get educated." Discussed in this Episode: Cold calling and working with brokers Discussion on Matt's deals and opportunities
 How to handle rent increase pushbacks and exiting deals
 Pros & Cons of park-owned homes and private utilities Management infrastructure of Crystal View Capital RESOURCES: View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com https://crystalviewcapital.com/

This episode features MAI Appraiser and MH industry expert Chuck Schierbeck, a senior valuations specialist with Colliers International and an expert on commercial property evaluations like preparation of appraisal reports, supply and demand analysis, financial and site feasibility, and overall market examination. Chuck gives us an insider's view of the biggest changes in the industry since the recession. He also shares his views on trends and risks that are the shaping the future of mobile homes. Quotes: "So what happened sort of in the 2000's all the way up to today is people, owners started to have them figure out how to sell homes in their communities, finance them, do all that. So owners have had to become more than just property owners. They've had to become retailers, lenders, things like that." "If you're not built to dig up the dirt and put in the roads, you're not comfortable doing that, the same thing goes back to the smaller homes. I don't think the industry is built for that yet." "The question is with these different trends, what does my market want?" "The ideal thing is you got a community, trying to sell homes, you open the rentals, get your property filled out with whatever methods you can, and then try to turn those rentals into owners. And from zero, that would be the model that I would say." "I think there is some risk in increasing interest rates. I don't know that it's impending... people thought it was going to go up and then it didn't." Highlights: [05:15] Chuck's background and how he got into the business[10:43] Big industry changes since the recession[21:07] Discussion on trends (tiny homes and rentals)[36:32] Creating additional ancillary income streams [45:56] Risks to the industry in the future RESOURCES: View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com

Today's podcast features Jethro Van Aardt, Director of Operations at Sunrise Capital Investors. He has an extensive background in commercial real estate and asset management.  Jethro talks on how he's implemented processes which produced multiple benefits to consolidation planning, better organization, cost savings, and higher quality of coverage, while also spearheading their insurance project. Quotes "That's what it boils down to. That's why you want to choose your broker first. You also want to be sure that you've got the right person servicing you." "Like everything in life, you get brokers that are small, they don't have access to products that the big corporates would have." “But generally, I'd say about between 800 and a thousand pads is when you really could start seeing some great pricing efficiencies and really the brokers would start getting excited. Anything smaller than that, you know, it's going to be difficult to get the brokers excited because it takes a lot of work on their side too." "Guys would never do this product if they felt that their clients were at risk or the entire industry was at risk." "Insurance is a complex product. When you are going out there and you're comparing your different products, just make sure you're comparing apples to apples." Discussed in this Episode: Jethro discusses his personal and professional journey leading up to Sunrise  Details on his insurance project  Brokers and the "Decision Matrix Tool" Working with IMA Corp of Jed Bond RESOURCES: View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com

In today's podcast, founding member of MH Park Advisors Skyler Liechty shares his in-depth knowledge of the mobile home park investment industry. He is a third generation park owner and also runs other businesses like MHC Leads. Skyler discusses his processes to address issues with new owners moving in, handling market-dependent homes, and finding new investment opportunities. QUOTES: 14:15 "Doing that on a scale, one might not be all that challenging. Two, more challenging. You start talking about five or ten or twenty as the example we used, there's lots going on there and it's much more difficult than what it seemed when you first set out." 15:39 "Everyone has their opinions about what's a better way. Us personally, we tend to like that lease with an option to purchase program simply because from an operational and functional standpoint, it's a lot easier if you have a problem with the resident."  16:18 "Once you decide what strategy you're going to go with, then that dictates what the process to execute on that plan is." 30:49 "Most people, they may call, they may email, but the biggest communication source we found was text messages." 44:40 "When people are looking for a home or a place to live or an apartment, whatever it is, it's immediate. They are looking right now. You call them two days later, it's not a hot lead anymore." 47:09 "I tend to believe that most transactions are relationship-driven."   HIGHLIGHTS   07:12 Introduction to Skyler Liechty and his entry into the mobile home park business 10:50 Discussion on the biggest challenges for new investors 14:29 Using strategy to master current processes and create an efficient system 19:34 The lease option program of Skyler for new homes explained 28:32 What is MHC Leads and how does it work? 42:13 How to integrate with existing software and programs for smooth workflow 45:36 Discussion on finding investment and acquisition opportunities  53:02 Roles of brokers in the mobile home park industry   RESOURCES: View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com Rent Manager - Property management software   Visit MH Park Advisor's Site

On this episode, Phil Coover is joined by Kevin Bupp, CEO of Sunrise Capital Investors and host of the popular podcast “Real Estate Investing for Cash Flow”, on which Phil was a guest in November. Florida-based with a national presence, Sunrise Capital has developed an investment niche in mobile home parks. Kevin and Phil discuss what makes this asset class different from other multi-family commercial real estate and the unique opportunity it presents. Kevin also talks about making the transition from self-funded investment to finding partners and raising capital.

In this episode of The Mobile Home Park Investing Podcast, Kevin shares the mic with Paul Bradley, founder of ROC USA. Paul started ROC USA to solve a big problem for homeowners living in mobile home communities. Traditionally, individual homeowners wouldn't be able to secure financing to purchase and collectively own the communities they live in. With the help of Paul's nonprofit however, ROC USA helps residents form a co-op structure, secure funding from vetted sources, and provide leadership training and support to help co-op leaders effectively run their communities. Enjoy this episode as Paul discusses the resilience of Resident-Owned Communities, and how ROC USA can provide a structure that allows an exit strategy for the private community owner. HIGHLIGHTS: [1:53] Paul's Background [8:59] What was Paul's first Co-Op Deal like? [12:37] When is it in the best interest of a Co-Op to revert back to private ownership of their community? [16:00] Who is the seller to a Co-Op? [28:03] Closing Thoughts. RESOURCES: View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com Visit ROC USA's Website

In this episode of The Mobile Home Park Investing Podcast, Kevin shares the mic with Tim Kelly, Founder of Kelly Investment Group in Pensacola, FL.Kevin began his investing career by house hacking while still serving full-time as a Chief Petty Officer in the United States Navy in Pensacola. With a few more multifamily deals under his belt, Kevin “switched teams” so to speak to investing almost exclusively in Mobile Home Communities -- some of which include Mobile & Troy Alabama.Enjoy this episode as the two dissect the strategies for raising funds for your first deals, and other due diligence principles.HIGHLIGHTS: [6:05] What is Tim's background?[10:35] Why did Tim switch from Multi-Family to Mobile Home Parks?[14:24] What was Tim's first deal like?[26:03] What is Tim & Kevin's thoughts on Park-Owned Homes?[39:31] What's Tim's criteria for a “Good” Deal?[41:29] Tim's final closing thoughts. RESOURCES: View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com Visit Tim's Personal Website Visit Kelly Housing Group's Website Call or Text Tim Anytime: (847) 910-9161

In this episode of the Mobile Home Park Investing Podcast, Kevin shares the mic with Michael Renz; An Environmental Geologist and Founder of Renz & Associates, INC. Michael's Renz's boutique firm specializes in the conduction of environmental studies for sites potentially impacted by pollution by hazardous materials, and providing remediation for any potential problems. Examples include cleanup from oil spills, leaking underground storage tanks, ruptured pipelines, dumpsites and the like. Every investor needs to understand the importance of conducting an environmental survey on their property before a purchase, as it can carry a potentially huge liability. Enjoy this episode as Michael covers what to look for, and various stories from working in the field. HIGHLIGHTS: [6:23] Michael's Background [15:55] What's the strangest discovery Michael has made during an examination? [24:48] What is the average turnaround time and cost of a Phase I environmental study? [29:08] When is a Phase II environmental study initiated? [34:08] What kind of questions do buyers need to ask a firm for an environmental assessment? RESOURCES: View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com Visit Renz & Associates' Website

In this episode of the Mobile Home Park Investing Podcast, Kevin shares the mic with Andrew Lanoie; Founder and Principal of Park Place Communities and Four Peaks Partners based in Scottsdale, Arizona.Andrew's background is markedly different from most investors, originally holding a career in artist management in the entertainment industry of SoCal.After the 2008 financial meltdown and seeing his parents lose significant wealth however, Andrew began to seek answers to why this happened to better shield himself from future events.Andrew now manages a portfolio of manufactured home communities across the country, and is passionate about fostering a team around Park Place Communities and Four Peaks.HIGHLIGHTS: [7:18] At what point did Andrew get interested specifically in Manufactured Home Communities?[9:59] What have been the biggest changes Andrew has observed in the MHP market?[17:05] What was Andrew's first MHP deal like?[21:52] What is Andrew's thoughts on Park Owned Homes?[32:14] What's Andrew's long-term strategy?[35:31] Andrew's final closing thoughts.RESOURCES: View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com Visit Park Place Communities' Website Visit Four Peaks Partners' Website

In this episode of the Mobile Home Park Investing Podcast, Kevin shares the mic with Kurt Kelly; Mobile Home Insurance Expert based in Texas. Often times, insuring your investment property will not come through a large insurance house like State Farm. There are many special cases mobile home park owners will need to account for in order to ensure all bases are covered. Kurt goes through the list of 10 major pitfalls park owners face when choosing insurance, and how to deal with them. HIGHLIGHTS: [7:07] What is Kurt's background? [12:29] What is the first biggest mistake park owners make when finding insurance? [22:34] Is there a point where you can actually overinsure? [39:20] What is Data Breach and Discrimination coverage? [51:22] Kurt's final words of wisdom RESOURCES: Recommended Resources: View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com Visit mobileagency.com

When purchasing a new mobile home park, You will inevitably face many objections from sellers before reaching a close.In this episode of the Mobile Home Park Investing Podcast, Kevin and Charles discuss the Top 10 Objections they've faced in their years of experience acquiring parks, along with how to handle each one. HIGHLIGHTS: [2:09] #1: Capital Gains Taxes [8:39] #2: Income Loss [14:49] #3: Property Burden [18:12] #4: Tainting Reputation [21:17] #5: Unfinished Business [26:35] #6: Losing Purpose [31:25] #7: Skewed Reality [42:29] #8: Employed Family Members [45:55] #9: Seller wants you to Pay for Upside [55:43] #10: Price is too low Recommended Resources: View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com  

In this episode of The Mobile Home Park Investing Podcast, Kevin shares the mic with DJ Pendleton, Executive Director of the Texas Manufactured Home Association. The Texas Manufactured Home Association is one of the most active and oldest manufactured home associations in the country, tasked with passing laws favorable to its parties and repelling laws that hurt members of its association. Aside from serving as the lobbying arm representing mobile home community owners and their manufacturers, DJ also helps to provide resources and conferences beneficial to its members. HIGHLIGHTS: [3:03] What is DJ's background? [3:47] What is the history of the TMHA? [7:32] How can community owners stay on top of local laws? [13:48] How was the North Carolina Association able to get around local ordinances? [20:01] How did the Texas Association come through for victims of Hurricane Harvey? Recommended Resources: View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com Visit the Texas Manufactured Home Association Website

In this episode of the Mobile Home Park Investing Podcast, Kevin shares the mic with Mike Johnson, Owner of the blog Perpatualsaturday.com, and owner of 3 Mobile Home Parks. Mike is passionate about helping others retire in 12 months, no matter where they are financially. Impossible? Think again: Mike landed on the asset class of Mobile Home Parks to fund his retirement. He is now the owner of 3 Mobile Home Parks, which are made 95% passive by hiring the right managers to run them. HIGHLIGHTS: [7:22] What is Mike's background? [12:50] What did Mike's first deal look like? [17:33] Mike shares his story of fixing his first park's septic issues [23:03] What did Mike's 2nd & 3rd MHP deals look like? [26:20] Mike's advice on owning rural parks [28:41] Mike's biggest mistakes in the MHP business. [31:20] How to find the right managers to oversee your parks. [34:12] The importance of Work-Life Balance, and how Mike is able to achieve it Recommended Resources: View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com Visit creonline.com Visit perpetualsaturday.com

Listen to Jason tell about Sunrise Capital and CalAlts.  Sunrise Cap dates back to the 1970's, one of the oldest Quant/Macro Funds in the industry, long before Hedge Funds started their ascent.  Their Sunrise Evolution strategy invests long and short across a diversified basket of assets.  They look for patterns, statistical trends and behavior, etc. They focus on Price, Volatility, Volume, etc., not the fundamentals of markets.  They invest in markets, not individual stocks, using the Futures and Equity Markets using ETF's.  They work with Advisors and directly with investors. As Pres of CalAlts, the association for Hedge Funds in California, Jason discusses the association, its history, what it does, who belongs, etc.  Listen to Jason tell why, in the current investment environment, investors should consider the more sophisticated opportunities that exist in the Alternative Investment space. 

Please enjoy my monologue Sunrise Capital with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Jason Gerlach and Chris Stanton are the CEO and CIO of Sunrise Capital Partners. Sunrise Capital is a systematic firm located in San Diego. They were featured in The Little Book of Trading. Sunrise has been in business for four decades trading. Their goal is to invest in an intellectual way by taking human emotion out of their decision-making. Michael opens the conversation up with Brexit and how Sunrise Capital reacted. There are foreseeable events and unforeseeable events. Brexit was a foreseeable event. Jason and Chris breakdown the weeks before Brexit, and how Sunrise has been positioning their portfolios in contrast to other firms. Jason and Chris say that in the systematic world there have been two different camps of thought in how to approach Brexit. Michael moves the conversation from Brexit to Oil dropping in 2014. Jason and Chris say that these events are not just moneymaking events, they are also risk management events. People live in the middle of a bell curve and never think of the tail events in life. They trade and invest for the non-random times and are always shocked when events tend to go further than expected. Sunrise does the opposite and uses technology to curb our human irrationality. Michael and Chris dive deeper into risk management and the importance of diversification. Sunrise has five systems that operate differently in all market situations. Chris explains risk adjusted return and how setting the “heat” is really the heart of leverage. “What kind of return is optimal for you?” The higher expected rate of return, the more drawdown you may have. When you look at someone’s rate of return, you have to look at what their drawdowns are like. Leverage is a reality in strategies; you just need to be responsible with that leverage and cater it to each individual investors needs. Michael moves on to ask, “Has Brexit opened up Pandora’s box?” Chris and Jason say Sunrise believes that price distribution has changed since 2013. Intraday volatility has changed and prices now make huge jumps in smaller time-frames than they ever have before. In this episode of Trend Following Radio: Brexit and systematic trading Price distribution Price action Directional betting on a coin flip event Preparing for black swan events Are computers good or bad? MAR ratio Diversification

For January 2015, we will be revisiting with previous guests on the show to find out how their businesses grew and changed in 2014, and what the year was like overall for their industries.In our first Year-In-Review episode, Jason Gerlach, the first-ever guest of Top Traders Unplugged, looks at 2014 from a long-term trend following perspective.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder ToolIn This Episode, You'll Learn:Why 2014 was a great year for Sunrise Capital.What markets were responsible for much of their performance in 2014.The most challenging markets for Sunrise Capital last year.About their longer-term trend following strategies.How world events shaped market changes in 2014.About the oil collapse of 2014.How volatility returned to markets last year.How long-term trend following is getting more attention than before.How to avoid 2015 becoming like 2009 for this industry.If & When to turn down clients.How divergence is the one word that may summarize the next few years.-----ATTENTION TTU TRIBE : SIGN-UP for Rick Rule's Symposium: Once in a life-time natural resource insights from the BEST investors in the world via a first-class livestream or Live event!Resources & Links Mentioned in this Episode:Listen to 2 hour-long episodes with Jason and Niels here and here.Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Jason on

Michael Covel starts with "It Was a Very Good Year" by Frank Sinatra because what's more useful as a human being? Is it more useful to get all geared up about elections, or to listen to a Frank Sinatra sing a nice walk through life. A pleasant, easygoing way. Of course, the pleasant easygoing way is better. Covel discusses what the election means for both sides, even if he doesn't seem to care one way or the other: On the conservative side, if you keep running social issue candidates, you'll never win an election again. To the liberals, if you think the government can give you economic freedom, you'll never have economic freedom. So, where is Covel going with this? He goes the Frank Sinatra way, the go-with-the-flow way. Every couple of years, someone says "trend following is dead". Usually it's right at the time trend followers have a drawdown. The idea is to have your wins far outweigh your losses. You'll have volatility in your returns. Life is volatile and you can't predict what's going to happen. You can only make your bets, have stop losses in the market, and say "I'm going to get out if I lose this amount of money". Covel quotes Jason Gerlach of Sunrise Capital (a firm with a 30 year track record of success) as a response to those that say "trend following is dead": "Trend following is no more dead than the sport of sailing or the act of kite flying would be considered dead if, for a period of time, the wind didn't blow. Like a sailboat, or a kite, a trend following trading model is designed to capture the power of environmental forces. When the requisite environmental forces don't occur for stretches of time, activities that depend on those environmental forces are not going to be successful. Once the winds started blowing again, sailboats will sail, and kites will again fly. The same holds true for trend following. Just as the wind will always return to blow in the future, the forces that drive price trends: greed, fear, euphoria, panic, will return at some point, and when they do, trend following trading models will make a great deal of money." Covel again notes AQR's paper discussing trend following's positive returns dating back to 1903 as evidence of this. Yes, there's a chance wind will never return, but do you want to bet everything on that?

Michael Covel plays a musical clip to illustrate where we are today - something you might not expect, but particularly relevant to our current climate. Covel also talks about an article called "Spotting Bulls*** in Financial News in a Few Easy Steps". He profiles one young writer in particular, and how anybody right out of college with a journalism degree can reach millions of people in the financial markets, yet still not have any idea what they're talking about. Not to pick on this young writer, Covel discusses how dangerous articles like this can be for an inexperienced trader. Staying in the world of media, he discusses two videos on CNBC in the last week. One interview with Jason Gerlach of Sunrise Capital had CNBC, in typical style, asking for specific picks; Gerlach explained that this is not in line with a trend following approach, to complete confusion from CNBC on air types. Another CNBC piece with Jeff Applegate from Morgan Stanley had him explaining managed futures as a relative safe haven. Of course, CNBC's reply left Covel shaking his head. Covel also discusses the Facebook IPO craze, puts it in context of the last tech bubble, and takes a look at how you can't trade it from a trend following perspective - yet. He also previews an upcoming podcast with a member of the MIT Blackjack Card Counting team, as discussed in the book Bringing Down The House. As shown in the chapter on Ed Thorpe in Jack Schwager's new book, blackjack has particular relevance to the trading world. In fact, two of the original turtles were on competing blackjack teams. Covel waxes that wisdom can be gained from people from other walks of life, especially those closely related to the trading world. Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/win.