Podcasts about sunrise capital investors

On this episode of the Passive Income Playbook, Pascal Wagner interviews Kevin Bupp, a seasoned investor and founder of Sunrise Capital Investors. Known for his success with mobile home parks, Kevin dives into the niche world of parking garage investments—an overlooked asset class with strong cash flow, low maintenance, and high redevelopment potential. He shares his origin story from bartending to building a $400M+ real estate portfolio, discusses how his firm targets value-add parking assets in high-demand urban markets, and explains how they balance risk-adjusted returns across their fund structure by blending cash-flowing parking deals with value-add mobile home parks. Kevin also addresses how autonomous vehicles may impact the future of parking, and why land value and long-term optionality are central to his investment thesis. Kevin Bupp Current role: Founder & CEO of Sunrise Capital Investors Based in: Tampa Bay, Florida Say hi to them at: investwithsunrise.com or connect on LinkedIn/Instagram (@KevinBupp) Get a 4-week trial, free postage, and a digital scale at ⁠https://www.stamps.com/cre⁠. Thanks to Stamps.com for sponsoring the show! Post your job for free at https://www.linkedin.com/BRE. Terms and conditions apply. Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at ⁠www.bestevercommunity.com⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's episode is from Mobile Home Park #86 that originally aired on July 16, 2018. The basic steps of creating your own core values and mission statement.  In addition, we share in detail our very own core values here at Sunrise Capital Investors (see below). In its simplest definition, values are the fundamental beliefs of an organization, the guiding principles that dictate how people should behave and act.  A company's values help people know the difference between right and wrong, and they help companies determine if they are on the right path to fulfilling their overall business goals. Our BEDROCK Principles reflect what is truly important to us. These values drive all aspects of our performance: from planning, to marketing, to operating, to finance, to serving our team members & our customers. Our principles have remained consistent since Sunrise was founded, and they are frequently cited as a reason why our employees love working here. These principles do not change from time to time, situation to situation, or person to person. These Bedrock principles are foundational values that truly stand the test of time and shape our company culture.   Sunrise Core Values: Be a Sponge Enjoy the Ride Do the Right Thing Don't be an A-Hole Be ROCK Solid   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.

Welcome to another episode of Founders Club! On this episode we'll be talking to Kevin Bupp about Mobile Home Park Investing.   Connect with Founders Club Host Oliver Graf on Instagram: @OliverGraf360   Welcome to Founders Club, the show where we deep dive with top entrepreneurs, investors, and game-changers in real estate. In this episode, host Oliver Graf sits down with Kevin Bupp, a mobile home park investing expert and the founder of Sunrise Capital Investors. Kevin breaks down how he built an empire generating massive cash flow from one of the most underrated asset classes in real estate — mobile home parks.   Do me a solid and…   Leave a 5 star review!   Find me on Instagram: @OliverGraf360   Founders Club TikTok: @FoundersClubPodcast   Subscribe to my YouTube channel: http://www.youtube.com/c/OliverGrafTV   Get on my VIP email list and get new episodes of Founders Club straight to you inbox: http://eepurl.com/g_L2Ev    Book me to speak: https://olivergraf.tv/speaking   Book a 1-on1 coaching session: https://calendly.com/olivergraf360/vip   ► JOIN OUR NATIONWIDE REAL ESTATE TEAM: https://www.100commissionrealestate.com  

Get my new book: https://bronsonequity.com/fireyourselfDownload my new special report - How to Use Inflation to Your Advantage - www.bronsonequity.com/inflation Welcome to our latest episode! Today, we're joined by Kevin Bupp, a seasoned real estate investor and the strategic mind behind Sunrise Capital Investors. Kevin is also the host of two top-ranked podcasts: “The Mobile Home Park Investing Podcast” and “Real Estate Investing for Cash Flow.” With over 20 years in the industry, Kevin has mastered the art of locating, negotiating, and acquiring commercial real estate to build cash flow and long-term legacy wealth.In this insightful conversation, Kevin dives into his early beginnings, the highs and lows of his investing journey, and how losing big in 2008 reshaped his strategies moving forward. He shares why mobile home parks are an underrated gem in today's investment landscape, offering sticky tenants, low turnover, and stable income. Kevin also introduces his latest venture into parking lot investments—breaking down how these overlooked assets provide irreplaceable real estate value in thriving markets.If you're looking to sharpen your investing strategy, uncover alternative asset classes, and learn how to build a more resilient portfolio, this episode is packed with value you don't want to miss. Tune in now!TIMESTAMPS01:28 – Guest Intro: Kevin Bupp02:01 – Real Estate at 1904:24 – Building Single-Family Portfolio06:33 – Lessons from the 2008 Market Crash07:17 – Discovering Mobile Home Park Investing09:19 – Sticky Tenants and What Makes MHPs Attractive11:31 – Risks in Mobile Home Park Investing15:22 – Infrastructure Concerns and What to Look Out For18:12 – Due Diligence in MHP Acquisitions21:53 – Modular Homes and New Affordable Housing Options22:59 – How Kevin Got into Parking Lot Investing25:33 – Parking Assets Are an Overlooked Opportunity26:47 – Value-Add Strategies in Parking Lots28:34 – Parking Lots as Irreplaceable Real Estate29:40 – How to Connect with Kevin and Learn MoreConnect with the Guest:Website: https://sunrisecapitalinvestors.com/Linkedin: https://www.linkedin.com/in/kevinbupp/Instagram: https://www.instagram.com/buppkevin/Facebook: https://www.facebook.com/RealKevinBupp/Linktree: https://linktr.ee/kevinbupp#CashflowInvesting #AlternativeAssets #ParkingLots #RealEstateWealth #PassiveIncome

Why Mobile Home Parks and Parking Lots are Hidden Goldmines – The RIA Podcast with Seth Greene Episode 190 Kevin Bupp Kevin Bupp is a Florida-based Real Estate Investor, top Apple podcast host, and best-selling author of The Cashflow Investor with over $300 million in real estate transactions under his belt. Based on his decades of experience, Kevin has identified Mobile Home Parks and Parking Lots as the top real estate investments in the current market. On his podcast, "Real Estate Investing for Cash Flow," he shares his 20+ years of experience, guiding millions of listeners on how to find and invest profitably in commercial real estate. Under the umbrella of his private equity firm, Sunrise Capital Investors, Kevin makes investments in commercial real assets available to passive investors in order to help them build legacy wealth and achieve financial freedom. Beyond real estate investing, Kevin gives back to the community with the "72 Hours to Key West 280 Mile Bike Ride," a charity event that has provided meals to tens of thousands of families in need during the holidays. Listen to this insightful RIA episode with Kevin Bupp about how mobile home parks and parking lots are hidden goldmines. Here is what to expect on this week's show: - How mobile home parks have a low maintenance cost and a long-term, stable tenant base. - Why owning a mobile home park allows landlords to be less involved and hands-on. - How owning a parking lot is similar to owning a mobile home park. - Why it's vital to build a strong team and foster a positive company culture. - How parking lot land will likely appreciate in value and can potentially be redeveloped. Connect with Kevin: Links Mentioned: Kevin Bupp Instagram Facebook LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices

The affordable housing issue persists in this country as homeownership becomes further out of reach for most people. One of the most viable solutions to this issue is Mobile Home Parks. Unlike common misperceptions of old, rundown parks with low-income tenants, many parks are in solid communities in great submarkets with modern amenities like pools, pickleball, kid's play areas, and clubhouses.  They can also be great cash flowing assets for investors. Kevin Bupp, CEO of Sunrise Capital Investors, has built a portfolio of 3500 pads across17 states over the past dozen years. 

In this episode of The Best Ever CRE Show, Amanda Cruise and Ash Patel interview Brian Spear, principal and co-founder of Sunrise Capital Investors. Brian shares his journey from living in a mobile home park at age 10 to building a portfolio of over 20 mobile home parks and $100 million in parking facilities across 14 states. The conversation explores how Sunrise transitioned from a fix-and-flip model to a long-term hold strategy, with Brian explaining their focus on returning capital quickly through refinancing while maintaining infinite cash-on-cash returns. The discussion heats up when Ash challenges the industry trend toward generational holds, leading to a debate about investor liquidity and market timing risks. Brian details their recent acquisition of a parking facility near Charlotte's Spectrum Center, breaking down how they carved out a $31 million parking asset from a $250 million distressed mixed-use property. The episode also covers how technology and dynamic pricing are transforming the parking industry, and why Brian views parking lots as the ultimate "location, location, location" play. Sponsors: Altra Running Sunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to another episode of Multifamily AP 360 featuring Kevin Bupp from Sunrise Capital Investors. Kevin is a seasoned real estate investor with over 300 million dollars in real estate transactions, host of the top Apple podcast 'Real Estate Investing for Cash Flow,' and author of the bestselling book 'Cashflow Investor'. In this episode, Kevin shares his extensive journey in real estate, from his beginnings at 19, through the various asset classes he has invested in, to his current focus on mobile home parks and parking lots. He discusses the challenges and successes of his career, why he chose mobile home parks, the importance of in-house property management, and his predictions for the future of real estate investing. Kevin also touches on personal habits that contribute to his success and shares valuable lessons from going full cycle on multiple deals. Don't miss this insightful and inspiring conversation! Support the showhttps://www.buzzsprout.com/1187780/supporters/newFollow Rama on socials!LinkedIn | Meta | Twitter | Instagram|YoutubeConnect to Rama Krishnahttps://calendly.com/rama-krishna/ E-mail: info@ushacapital.comWebsite: www.ushacapital.comRegister for Multifamily AP360 - 2024 Asset Management virtual conference - https://mfap360.com/assetmanagementTo find out more about partnering or investing in a multifamily deal: email: info@ushacapital.com

Welcome back to the Building Wealth Through Commercial Real Estate Podcast! In today's episode, we're thrilled to sit down with Kevin Bupp, a veteran commercial real estate investor, host of the acclaimed Real Estate Investing for Cash Flow podcast, and author of The Cashflow Investor. With over $1 billion in real estate transactions and two decades of experience, Kevin is a true expert in the field.Kevin shares why Mobile Home Parks and Parking Lots are the top commercial real estate investments in today's market, backed by compelling housing and demographic trends. He also dives into his work with Sunrise Capital Investors, his private equity firm dedicated to providing passive investors with financial freedom through expertly managed real estate funds.As a bonus, Kevin talks about his passion for giving back through his "72 Hours to Key West" charity bike ride, which has helped provide thousands of holiday meals to families in need.Whether you're an experienced investor or just starting out, this episode is packed with actionable insights you don't want to miss!CONNECT WITH KEVIN BUPPLinkedin: KevinBuppFacebook: KBuppInstagram: buppkevinYouTube: KBuppCONNECT WITH JONATHANTo connect with Jonathan, you can send an email to info@greystonecapgroup.com or schedule a time to chat.To learn more about real estate investment opportunities, join the Greystone Capital Investor Network.Thanks for listening and until next time!

In this episode, we sit down with Kevin Bupp, Co-Founder of Sunrise Capital Investors, to explore his journey in the real estate world and his unique focus on mobile home parks and parking assets. Kevin shares his insights on identifying opportunities in fragmented markets and how technology is reshaping operations for better efficiency and profitability.From navigating market regulations to building trust with investors, his approach emphasizes transparency, discipline, and a sustainable growth strategy. Tune in for an insightful conversation that challenges conventional investment strategies and highlights the importance of resilience in uncertain times!Key Topics:-Finding success in unique real estate markets-Benefits of using technology to improve operations-Challenges and strategies for scaling a business-Building trust with investors through transparency-Importance of staying disciplined and focused on long-term goalsConnect with Kevin BuppLinkedIn: linkedin.com/in/kevinbuppWebsite: KevinBupp.comSunriseCapitalInvestors.comConnect With Us:https://linktr.ee/thebigpictureblueprintJumpstart your land business with Ground Up Partners! We understand the challenge of finding capital in the land business. That's why we're here to provide all the funds you need to close your deals. No more worrying about finances; just bring us your signed contract. Visit www.gupland.com now to submit your deal and take the first step towards success.Fuel Your Investments with Ground Up Partners!Looking to diversify your portfolio with competitive returns? We're launching a fund for accredited investors to invest passively and enjoy competitive returns.Visit the link below to schedule a call with us today and take the first step toward growing your investments.Dan Haberkost: https://danhaberkost.com/looking-to-invest-passively/ Mason McDonald: https://masonrmcdonald.com/

Kevin Bupp joins us today to talk about achieving your goals, and his journey in real estate with tips on how to avoid some challenges.---Continue the conversation with Brian on LinkedInJoin our multifamily investing community for in-depth courses and live networking with like-minded apartment investors at the Tribe of TitanThis episode originally aired on December 6, 2024----Watch the episode on YouTube: https://www.youtube.com/channel/UCcsYmSLMxQCA9hgt_PciN3g?sub_confirmation=1 Listen to us on your favorite podcast app:Apple Podcasts: https://tinyurl.com/AppleDiaryPodcast Spotify: https://tinyurl.com/SpotDiaryPodcast Google Podcasts: https://tinyurl.com/GoogleDiaryPodcast Follow us on:Instagram: https://www.instagram.com/diary_of_an_apartment_investor Facebook: https://www.facebook.com/DiaryAptInv/ Twitter: https://twitter.com/Diary_Apt_Inv ----Your host, Brian Briscoe, has owned over twenty apartment complexes worth hundreds of millions of dollars and is dedicated to helping aspiring apartment investors learn how to do the same. He founded the Tribe of Titans as his platform to educate aspiring apartment investors and is continually creating new content for the subscribers and coaching clients.He is the founder of Streamline Capital based in Salt Lake City, Utah, and is probably working on closing another apartment complex in the greater SLC area. He retired as a Lieutenant Colonel in the United States Marine Corps in 2021 after 20 years of service.Connect with him on LinkedIn----Kevin BuppKevin Bupp is a Florida-based Real Estate Investor, top Apple podcast host, and best-selling author of “The Cashflow Investor” with over $300 million in real estate transactions under his belt. Based on his decades of experience, Kevin has identified Mobile Home Parks and Parking Lots as the top real estate investments in the current market. On his podcast, "Real Estate Investing for Cash Flow," he shares his 20+ years of experience, guiding millions of listeners on how to find and invest profitably in commercial real estate. Under the umbrella of his private equity firm, Sunrise Capital Investors, Kevin makes investments in commercial real assets available to passive investors in order to help them build legacy wealth and achieve financial freedom.Learn more about him at: https://www.linkedin.com/in/kevinbupp/ or https://sunrisecapitalinvestors.com/ or https://kevinbupp.com/ https://www.72hourstokeywest.com/

Today we're going to be talking about investing in mobile home parks and parking lots with Kevin Bupp. Kevin is the owner of Sunrise Capital Investors and one of the premier mobile home park investors in the country with over $500 million in real estate transactions and two decades of experience. Kevin is also the bestselling author of “The Cashflow Investor” and the host of the highly-rated podcast “Real Estate Investing for Cashflow”. Find out more: Website: http://sunrisecapitalinvestors.com, http://kevinbupp.com LinkedIn: https://www.linkedin.com/in/kevinbupp/ Facebook: https://www.facebook.com/RealKevinBupp Instagram: https://www.instagram.com/buppkevin YouTube: https://www.youtube.com/c/KevinBupp Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com Attention real estate investors! Save the date for the Midwest Real Estate Investor Conference, happening April 24-25, 2025, in Grand Rapids, Michigan. This event is the perfect place to connect with fellow investors, gain valuable insights, and elevate your real estate game. With a lineup of expert speakers and numerous networking opportunities, you won't want to miss it. https://www.midwestreiconference.com

Learn how to invest in real estate like a pro with "The Cashflow Investor." This program will teach you the secrets to generating passive income through property investments. Start building your wealth today!Kevin Bupp: Investor. Podcast Host. Author. Kevin Bupp is a Florida-based Real Estate Investor, top Apple podcast host, and best-selling author of “The Cashflow Investor” with over $250 million in real estate transactions under his belt. Based on his decades of experience, Kevin has identified Mobile Home Parks and Parking Lots as the top real estate investments in the current market. On his podcast, "Real Estate Investing for Cash Flow," he shares his 20+ years of experience, guiding millions of listeners on how to find and invest profitably in commercial real estate.Under the umbrella of his private equity firm, Sunrise Capital Investors, Kevin makes investments in commercial real estate assets available to passive investors, in order, to help them build legacy wealth and achieve financial freedom. Beyond real estate investing, Kevin gives back to the community with the "72 Hours to Key West 280 Mile Bike Ride," a charity event that has provided meals to tens of thousands of families in need during the holidays.Website: https://sunrisecapitalinvestors.com/ Linkedin: linkedin.com/in/KevinBupp Facebook: facebook.com/RealKevinBupp "Whether seasoned or an aspiring real estate investor, you can benefit from Kevin. He is very knowledgeable and has been through the ups and downs of real estate investing. Thank you, Kevin, for sharing your knowledge and wisdom." IdaRemember to SUBSCRIBE so you don't miss "Information That You Can Use." Share Just Minding My Business with your family, friends, and colleagues. Engage with us by leaving a review or comment. https://g.page/r/CVKSq-IsFaY9EBM/review Your support keeps this podcast going and growing. Visit Just Minding My Business Media™ LLC at https://jmmbmediallc.com/ to learn how we can support you in getting more visibility on your products and services.

Entrepreneurs have one superpower: they see opportunities where others see obstacles. They learn from the people around them and seize moments that can change their lives. Many people dream of building wealth and success, but without an entrepreneurial mindset, it can feel like you're always a step behind. Real estate - one of the most lucrative paths to financial freedom - can seem intimidating if you're not thinking like an entrepreneur. What are some of the things that we experience as children that instill an entrepreneur mindset in us? How can we use this to not only build businesses and wealth but also relationships?  In this episode, co-founder of Sunrise Capital Investors, Kevin Bupp joins me to talk about how he went from paperboy to multi-millionaire all because of an entrepreneurial mindset, what his journey looked like and how he took every opportunity that came his way. We also talk about mobile home investing and what it looks like to niche down in real estate.   Successful people aren't smarter than you. They just knew something you don't. -Kevin Bupp   Things You'll Learn In This Episode -Learning from the experienced It's a common notion that learning from the experienced is a good way to gain experience as well. How can you benefit from the experience of others? -Does history repeat itself? What's the difference between the 2008 recession and the one that is on the horizon? How can you prepare for it? -Fundamentals of a good deal The fundamentals of a good real estate deal should never be compromised. Why should we stick to the fundamentals and stay true to ourselves?   Guest Bio Kevin Bupp is a serial real estate entrepreneur, host of the wildly popular Real Estate Investing for Cash Flow Podcast, and bestselling author of The Cash Flow Investor: How To Create Financial Freedom Investing In Commercial Real Estate. Kevin's entrepreneurial journey began at the age of 12 with a simple paper route. By 14, he was running a business from his parents' garage, buying, selling, and installing automobile electronics. After briefly bartending, Kevin entered the world of real estate investing at 20, and his passion for business only grew. With over two decades of experience, he has personally completed more than $250 million in real estate transactions. In addition to real estate, Kevin has owned several businesses, including a nationwide property management firm, a custom sports apparel company, and an events business. Outside of work, Kevin enjoys outdoor sports, marathon running, and triathlons. He also loves traveling with his wife Joanna and their two sons, Jackson and Julian, and considers himself a craft beer and bourbon enthusiast.   Visit https://kevinbupp.com/  Visit https://sunrisecapitalinvestors.com/  Get Kevin's book The Cash Flow Investor for free here (just pay shipping) https://kevinbupp.com/the-cash-flow-investor/  Follow Kevin on LinkedIn @Kevin Bupp Follow Kevin on Instagram @buppkevin   About Your Host From pro-snowboarder to money mogul, Chris Naugle has dedicated his life to being America's #1 Money Mentor. With a core belief that success is built not by the resources you have, but by how resourceful you can be. Chris has built and owned 19 companies, with his businesses being featured in Forbes, ABC, House Hunters, and his very own HGTV pilot in 2018. He is currently founder of The Money School™, and Money Mentor for The Money Multiplier. His success also includes managing tens of millions of dollars in assets in the financial services and advisory industry and in real estate transactions. As an innovator and visionary in wealth-building and real estate, he empowers entrepreneurs, business owners, and real estate investors with the knowledge of how money works. Chris is also a nationally recognized speaker, author, and podcast host. He has spoken to and taught over ten thousand Americans delivering the financial knowledge that fuels lasting freedom.   Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm so our show reaches more people. Thank you!

In this episode of the DealQuest Podcast, Kevin Bupp, a highly successful real estate investor and founder of Sunrise Capital Investors, joins me to share his remarkable journey and expertise. With over $500 million in transactions under his belt, Kevin's journey from bartending to managing his private equity firm, Sunrise Capital Investors, offers valuable insights for anyone looking to build wealth through real estate, especially mobile home parks and parking lots. With over two decades of experience, Kevin shares his journey through the ups and downs of the real estate market, and the strategies he's used to build long-term wealth. His extensive portfolio includes mobile home parks, apartment complexes, and other commercial real estate investments. Kevin's passion for creating sustainable growth and his deep knowledge of the market offer valuable insights for anyone looking to scale their business and succeed in real estate. RECOGNIZE THE NEED FOR STRUCTURAL CHANGE Sometimes, focusing on handling individual deals one by one can limit your ability to seize larger opportunities and grow your business. For instance, Kevin Bupp faced a similar challenge in his career. Initially, he managed deals individually, which worked well but soon became overwhelming as more opportunities came his way. He realized that this approach was restricting his growth potential. To overcome this, Kevin made a significant change by shifting from managing deals individually to establishing a structured investment fund. This new structure allowed him to handle multiple deals simultaneously and manage his growing pipeline more effectively. By setting up a fund, Kevin could pool resources and streamline operations, making it easier to take on and oversee more deals without getting bogged down by the logistics of each one. This structural change enabled him to scale his business and capitalize on opportunities that would have been impossible with his previous approach. EVALUATE THE BENEFITS OF A FUND MODEL Adopting a fund model can offer several substantial advantages that can make your business operations smoother and more efficient. When Kevin Bupp transitioned to using a fund model, he experienced a range of benefits that significantly improved his ability to manage and grow his business. Here's how: - Streamlined Capital Raising: You gather capital from multiple investors and pool it into a single fund. This simplifies the process of raising money because you're dealing with a larger, consolidated amount of capital rather than seeking funds for each individual deal. For Kevin, this meant he could raise a significant sum at once, which reduced the need to repeatedly pitch and negotiate with investors for every new deal. - Reduced Logistical Challenges: Managing individual deals often involves a lot of logistical hurdles, such as negotiating financing and coordinating resources for each deal separately. By using a fund model, these logistical challenges are minimized. - Increased Flexibility: You can act quickly on new opportunities. Kevin's experience illustrates this perfectly: he could close deals in cash immediately due to the fund's available resources. This speed and flexibility gave him a competitive edge, as he was able to secure deals without delays and then arrange financing as needed. SIMPLICITY IN FUND STRUCTURE Kevin Bupp stresses the importance of keeping fund structures simple for both investors and operators. He found success with a clear 70/30 split—70% of profits go to investors, and 30% to the operators—along with tiered preferred returns based on how much someone invests (8%, 9%, and 10%). This easy-to-understand setup makes it simpler to manage and keeps investors happy, knowing exactly what to expect. By keeping things straightforward, you can avoid confusion and ensure that incentives are clearly aligned, making it easier for everyone involved. UNDERSTAND INVESTOR PREFERENCES High-net-worth individuals and business owners often seek passive investment opportunities. They value the potential for passive income and diversification but may not have the time or interest to manage investments actively. Tailoring your approach to meet these needs can attract and retain investors. For example, Kevin Bupp found that his investors, often busy running their own businesses, sought opportunities that provided passive income and diversification. They didn't want the hassle of managing day-to-day operations but valued a solid return on their investment. By understanding these preferences and offering hands-off investment options, Kevin was able to attract and retain investors who wanted to grow their wealth without the added effort. EVALUATING OPPORTUNITIES AMIDST MARKET CHANGES Even when interest rates rise, it's important to stick to solid deal evaluation practices. Kevin Bupp gives a great example—despite changes in the market, he always focuses on fundamentals like a property's real value and its long-term potential. For instance, in a higher interest rate environment, instead of chasing risky deals, Kevin continues to assess opportunities with the same standards, ensuring they make sense financially in the long run. This consistency helps protect against bad investments, no matter how the market shifts. FOCUS ON LONG-TERM VALUE, NOT QUICK WINS Successful real estate investing is about looking at long-term potential, not just short-term profits. Instead of getting caught up in immediate returns, he emphasizes finding properties that will grow in value and generate steady cash flow over time. For example, Kevin talks about buying undervalued properties in tough markets and holding onto them until they appreciate. By waiting for the right time to sell or capitalize on increased value, he achieves greater returns, even when the market changes. This patient approach is key to lasting success in real estate investing. Tune into Episode 309 to hear Kevin Bupp's expert advice on scaling your real estate business, building long-term wealth, and navigating market fluctuations. Kevin shares his experience in structuring funds, adapting to changing market conditions, and focusing on long-term value over short-term gains. * • • Listen to the Full DealQuest Podcast Episode Here: [https://www.coreykupfer.com/podcasts/dealquest-podcast-with-corey-kupfer] * • • FOR MORE ON KEVIN BUPP: LinkedIn: [insert link] Corey Kupfer is an expert strategist, negotiator, and dealmaker. He has more than 35 years of professional deal-making and negotiating experience. Corey is a successful entrepreneur, attorney, consultant, author, and professional speaker. He is deeply passionate about deal-driven growth. He is also the creator and host of the DealQuest Podcast. Get deal-ready with theDealQuest Podcast with Corey Kupfer, where like-minded entrepreneurs and business leaders converge, share insights and challenges, and success stories. Equip yourself with the tools, resources, and support necessary to navigate the complex yet rewarding world of dealmaking. Dive into the world of deal-driven growth today!

Kevin Bupp is a Florida-based Real Estate Investor, top Apple podcast host, and best-selling author of “The Cashflow Investor” with over $250 million in real estate transactions under his belt. Based on his decades of experience, Kevin has identified Mobile Home Parks and Parking Lots as the top real estate investments in the current market. On his podcast, "Real Estate Investing for Cash Flow," he shares his 20+ years of experience, guiding millions of listeners on how to find and invest profitably in commercial real estate. Under the umbrella of his private equity firm, Sunrise Capital Investors, Kevin makes investments in commercial real estate assets available to passive investors in order to help them build legacy wealth and achieve financial freedom. Beyond real estate investing, Kevin gives back to the community with the "72 Hours to Key West 280 Mile Bike Ride," a charity event that has provided meals to tens of thousands of families in need during the holidays.  For more on Kevin (for Apple Podcast listeners, please click on the Episode Website link below to access the following links): Websites: www.KevinBupp.com; https://www.austinrealestateinvestingpodcast.com/ LinkedIn: https://www.linkedin.com/in/kevinbupp/ Facebook: https://www.facebook.com/RealKevinBupp iTunes: https://podcasts.apple.com/us/podcast/austin-real-estate-investing/id1526289523?mt=2 The Moorhead Team is excited to bring you information about investing in real estate in the Central Texas area! More information can be found at our website at www.themoorheadteam.com and our YouTube page The Moorhead Team.  We also have meetups every month for investors of all skill levels & anyone interested in learning more about real estate investing - click here for more info. We're always aiming to bring you great free content about investing in real estate in Austin, TX! Instagram: @themoorheadteam  Make sure to sign up for our email list for off market properties and market updates!

What would you do if you lost it all? How would you recover after the crash of the market? In today's podcast espidose, Shawn & George talk to Kevin Bupp, a real estate investor, podcast host, and best-selling author.  Kevin had over one hundred single-family homes until the Great Recession in 2008, when he found himself in foreclosure and lost everything. Slowly, he rebuilt his financial life and today is again a successful real estate investor focusing on mobile home parks,  parking lots, and other commercial deals through his private equity firm, Sunrise Capital Investors.  Find out the secrets to Kevin's success in today's episode. You can listen to Kevin's podcast, "Real Estate Investing for Cash Flow" wherever you listen to podcasts.  You can pick up a copy of his book, "The Cash Flow Investor." You can also connect with Kevin: Email: Kevin@KevinBupp.com www.Linkedin.com/in/KevinBupp www.facebook.com/KBupp www.instagram.com/buppkevin www.youtube.com/user/KBupp Let us know if you enjoy this episode and, if so, please share it with your friends! Please also visit our sponsors: Magic Mind - https://www.magicmind.com/CRUSHING20. Focus, energy and great taste, without the sugar high or crash. Both Shawn & George use Magic Mind regularly to help power through the day! Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.   Or, you can support the show by visiting our Patreon page: https://www.patreon.com/crushingDebt   To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach   To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com. And please consider a donation to Pancreatic Cancer research and education by joining Shawn's team at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08  

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

Enjoy this episode with Kevin Bupp, principal at Sunrise Capital Investors. In this discussion, Jonathan and Kevin discuss Kevin extensive and diverse portfolio, why he's now focused on mobile home parks, how to add value to MHPs, and how he built his personal brand. Connect with Kevin:https://sunrisecapitalinvestors.com/funds/fund-4/Click to text the show! Support the podcast by making a monthly donation through Patreon. When you contribute, you'll get access to bonus content not available anywhere else. If you enjoyed this episode, you would probably enjoy reading my weekly newsletter. Every Friday, you'll get a behind the scenes look at my investing, including current events in commercial real estate, deals I'm working on, and random personal things going on in my life. It's a super quick read and you can unsubscribe anytime. - Jonathan Subscribe to the newsletter here: www.thesourcecre.com/newsletterEmail Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.

What makes mobile home parks and parking lots prime real estate investments today? Find out as we delve into the mind of Kevin Bupp, a Florida-based Real Estate Investor, top Apple podcast host, and best-selling author of "The Cashflow Investor." With over $250 million in real estate transactions and 20+ years of experience, Kevin has guided millions of listeners on his podcast, "Real Estate Investing for Cash Flow," on how to invest profitably in commercial real estate.In this episode, Kevin shares why he believes mobile home parks and parking lots are top-tier investments. Through his private equity firm, Sunrise Capital Investors, Kevin enables passive investors to build legacy wealth and achieve financial freedom. Beyond his real estate expertise, Kevin is also dedicated to giving back through his charity event, the "72 Hours to Key West 280 Mile Bike Ride," which has provided thousands of holiday meals to families in need. Tune in for invaluable insights and inspiration.

Kevin Bupp is a Florida-based real estate investor with an impressive track record of over $300 million in real estate transactions. He's also a top Apple podcast host and the best-selling author of "The Cashflow Investor." With more than two decades of experience in the field, Kevin has honed in on what he believes are the top real estate investments in the current market: mobile home parks and parking lots. He shares his expertise with millions of listeners on his podcast, "Real Estate Investing for Cash Flow," guiding them on how to find and invest profitably in commercial real estate. But Kevin's impact extends beyond just investing. He's the founder of Sunrise Capital Investors, a private equity firm that makes commercial real estate investments accessible to passive investors, helping them build legacy wealth and achieve financial freedom.  During the show we discuss: How Kevin Got Attracted to Mobile Home Park and Parking Lot Investments What Led Kevin to the Conclusion that Mobile Home Parks and Parking Lots are Top Real Estate Investments The Common Misconceptions About Investing in Mobile Home Parks and Parking Lots How Mobile Home Parks and Parking Lots Compare to Other Types of Real Estate Investments How to Get Started in Investing in Mobile Home Park and Parking Lot Investing The Challenges/Risks Unique to Mobile Home Parks and Parking Lot Investing, and How to Overcome/Mitigate Them The Unique Aspects and Advantages of Mobile Home Parks and Parking Lot Investing that Investors Should be Aware Of The Key Factors to Consider When Evaluating a Potential Mobile Home Park and Parking Lot Investment The Best Strategies for Improving the Operations of a Mobile Home Park and Parking Lot After Acquisition The Best Strategies for Increasing Revenue in Mobile Home Parks and Parking Lot Investments The Advice Kevin Would Give to Someone Looking to Make Their First Mobile Home Park or Parking Lot Investment Show resource/s: https://kevinbupp.com/ investwithsunrise.com  

Today, we're bringing another fantastic guest on the show, Kevin Bupp!Kevin joins us for his motivating story of discovering real estate investing in his teenage days, how he continued to thrive despite market shifts and cycles, and his focus on investing in mobile home parks and parking lots. Learn the possibilities of cash flow in mobile home communities, the growing popularity of parking lot investments, and more from Kevin's decades of expertise in real estate!Key Points & Relevant TopicsKevin's journey to real estate investing and his current focusWhat made Kevin decide to invest in real estate at 18 years old and how he acquired his first propertyWhy mobile home park is a great investmentBuilding relationships with sellers and brokers in the mobile home park spaceIdeal markets and states for mobile home investmentsCost-efficient and profitable ways to manage and operate mobile home parksOpportunities and advantages of investing in parking lots and spacesKevin's mistakes and lessons learned throughout his investing careerAn introduction to Kevin's book “The Cash Flow Investor” Resources & LinksGrab your copy of Kevin's book “The Cash Flow Investor” at https://kevinbupp.com/the-cash-flow-investor/ Warren BuffettApartment Syndication Due Diligence Checklist for Passive InvestorAbout Kevin BuppKevin Bupp is a Florida-based Real Estate Investor, top Apple podcast host, and best-selling author of “The Cashflow Investor” with over $300 million in real estate transactions under his belt. Based on his decades of experience, Kevin has identified Mobile Home Parks and Parking Lots as the top real estate investments in the current market.  On his podcast, "Real Estate Investing for Cash Flow," he shares his 20+ years of experience, guiding millions of listeners on how to find and invest profitably in commercial real estate.  Under the umbrella of his private equity firm, Sunrise Capital Investors, Kevin makes investments in commercial real assets available to passive investors in order to help them build legacy wealth and achieve financial freedom.  Beyond real estate investing, Kevin gives back to the community with the "72 Hours to Key West 280 Mile Bike Ride," a charity event that has provided meals to tens of thousands of families in need during the holidays.  Get in Touch with KevinWebsite: http://sunrisecapitalinvestors.com / http://kevinbupp.comLinkedIn: Kevin BuppFacebook: Kevin BuppInstagram: @buppkevinYouTube: Cash Flow InvestorTo Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!

The Real Estate Runway Podcast episode featuring Kevin Bupp, CEO of Sunrise Capital Investors, delves into the intricate world of multi-family real estate and parking investments. With a focus on mobile home parks and parking assets, Kevin shares insights on dynamic pricing, property management challenges, and the strategic approach to acquisitions. From personal anecdotes to philanthropic endeavors like the Tiny Hands Foundation, Kevin's expertise shines through his passion for craft beer, bourbon, and impactful charity work. Discover the secrets to successful real estate investing and join Kevin on his journey through the dynamic landscape of real estate. Get in touch with Kevin! investwithsunrise.com Learn more about ALTERNATIVE BUSINESS and INVESTMENT STRATEGIES through QUATTRO CAPITAL! LinkedIn: /TeamQuattroCapital Instagram: @TeamQuattroCapital Facebook: @TeamQuattroCapital Website: www.TheQuattroWay.com TikTok:@realestaterunwaypod

Should you invest in mobile home parks? The tax benefits might change your mind!In this episode of the Morales Group Show, I sit down with Kevin Bupp from Sunrise Capital Investors to dive into the world of mobile home park investing. We'll explore everything from the best locations to buy mobile home parks and financing options, to essential tips for beginners and seasoned investors alike.Discover the unique benefits and strategies behind mobile home park investments, and why they can be a game-changer in your real estate portfolio. Don't miss out on Kevin's expert insights and practical advice!Let us know in the comment section below if you have any questions and don't forget to SUBSCRIBE to our channel to learn everything you need to know to grow your real estate business and become a successful real estate agent!

Brian Spear, co-founder of Sunrise Capital Investors, discusses investing in mobile home parks, their buy-improve-refinance-hold strategy, and the importance of finding motivated sellers. He highlights opportunities from institutional sellers and emphasizes a long-term strategy and flexible debt terms. Brian Spear | Real Estate Background Sunrise Capital Investors Based in: Tampa, FL Portfolio: 15 full cycle MHP deals with 42%+ IRR ~$250mm AUM in MHPs Say hi to him at: www.investwithsunrise.com www.sunrisecapitalinvestors.com/a-masterclass-in-mhp/ Best Ever Book: Think and Grow Rich by Napoleon Hill Sponsors: SyndicationAttorneys Apartments.com Ascent Equity Group

Do you think you can earn $200,000 a month from a parking lot? Gone are the days when a parking lot attendant collected a flat fee. Parking lots now offer a dynamic pricing model that allows owners and operators to adjust pricing by the minute based on demand, maximizing the asset's revenue. With recent advancements in technology, owners can now leverage sophisticated third-party operators who can institute a dynamic pricing model to maximize revenue at any time. This makes parking lots an excellent investment opportunity, and as Brian Spear, who has gained expertise in this space, explains, we can expect this niche to thrive for many years to come. Top three things you will learn: -How to make money investing in parking lots-How to find parking spaces and finance your purchase-How to know if investing in parking lots is for youAbout Our Guests:Brian Spear is the Chief Investment Officer and co-founder of Sunrise Capital Investors, a private real estate investment company. The company's objective is to provide an investment opportunity that achieves significantly higher returns than those offered in traditional saving accounts or CDs while operating with reduced risk compared to the stock market or other real estate investments.Connect with Brian Spear:-Website - http://parkinglotprofits.comJoin Our Next Inner Circle Live Event:https://go.wealthwithoutwallstreet.com/inner-circle-livePromo Code: PODCASTFree IBCA or Financial Freedom Discovery Calls:https://www.wealthwithoutwallstreet.com/freecallWealth Without Wall Street New Book:https://go.wealthwithoutwallstreet.com/newbookApply to Join the Passive Income Mastermind:https://wealthwithoutwallstreet.com/wwws-passive-income-mastermindJoin the Community:https://wealthwithoutwallstreet.com/communityTurn Active Income Into Passive Income:https://go.wealthwithoutwallstreet.com/pios Take the Financial Freedom Analyzer:https://wealthwithoutwallstreet.com/quizDiscover Your Path to Financial Freedom: https://wealthwithoutwallstreet.com/passportKnow Your Investor DNA:https://go.wealthwithoutwallstreet.com/investordnaInvest with The Land Geek:

Today's Flash Back Friday episode is from #270 that originally aired on Apr. 15, 2020. For the last decade, Sunrise Capital Investors has focused exclusively on the niche of mobile home park investing. The niche aligns with our investment thesis and has served our investors well for many years. Our team was ahead of the curve, touting the merits of the asset class long before mobile home parks became the darling of private equity. Today, we see similar opportunity in another under-the-radar, niche real estate investment: parking. Parking aligns with our investment thesis, and we feel the niche is roughly ten years behind mobile home parks in terms of the industry's consolidation phase. This provides sufficient runway to roll up a nice portfolio of parking assets while the niche is still overlooked. The remainder of this special report outlines the top ten most attractive aspects of parking investments. What You'll Learn: What's driving the shrinking supply of available parking The reasons behind the growing demand for parking The fragmentation of ownership in parking that makes it ripe for a large consolidation effort The unique NN and NNN lease structure that creates a very stable, cash flowing opportunity. Why, at present, there is very low competition for this asset class What makes for the ideal location of a great parking asset How technology has played a major role in the parking sector, thus allowing owners to maximize revenue 24/7 The attractive low maintenance aspect of parking when compared to other investments such as Multifamily and Commercial Buildings. The amazing tax benefits that parking benefits from including the accelerated 15-year depreciation schedule What underlying fundamentals make parking an incredibly recession resistant investment And much more…   ☑️ Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Today's episode is from Mobile Home Park #109 that originally aired on March 26, 2019. 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   ☑️ Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Dive into the world of mobile home parks and parking lots with Kevin Bupp. This episode uncovers why mobile home parks and parking lots are preferred assets in today's market and how to capitalize on these opportunities. Tune in to build a diversified real estate portfolio and uncover hidden gems in the commercial real estate space.     Key Takeaways To Listen For Strategic management and value-add strategies in mobile home park investing Unique benefits of investing in parking lots and garages Operational efficiencies of having a specialized team in your business How to manage a diverse and expansive real estate portfolio Challenges and opportunities of parking lot investments during volatile markets     Resources/Links Mentioned In This Episode Building an Elite Organization by Don Wenner | Kindle, Paperback, and Hardcover Rent Manager  ManageAmerica AppFolio Yardi  Parking Lot Profits     About Kevin Bupp Kevin Bupp is a seasoned real estate investor specializing in mobile home parks and parking lots. With a passion for teaching others, Kevin hosts the "Real Estate Investing for Cash Flow" podcast, where he shares two decades of knowledge in commercial real estate. His investment firm, Sunrise Capital Investors, focuses on uncovering exceptional opportunities in mobile home parks and parking lots, demonstrating a unique approach to real estate investing that leverages market inefficiencies for maximum profit.     Connect with Kevin Website: Sunrise Capital Investors Podcast: Real Estate Investing for Cash Flow  LinkedIn: Kevin Bupp Facebook: Kevin Bupp Instagram: @buppkevin     Connect With Us If you're looking to invest your hard-earned money into cash-flowing, value-added assets, reach out to us at https://bobocapitalventures.com/.     Follow Keith's social media pages LinkedIn: Keith Borie Investor Club: Secret Passive Cashflow Investors Club Facebook: Keith Borie X: @BoboLlc80554

Today's episode is from Mobile Home Park #86 that originally aired on July 16, 2018. In today's show, we will walk you through the basic steps of creating your own core values and mission statement.  In addition, we share in detail our very own core values here at Sunrise Capital Investors (see below). In its simplest definition, values are the fundamental beliefs of an organization, the guiding principles that dictate how people should behave and act.  A company's values help people know the difference between right and wrong, and they help companies determine if they are on the right path to fulfilling their overall business goals. Our BEDROCK Principles reflect what is truly important to us. These values drive all aspects of our performance: from planning, to marketing, to operating, to finance, to serving our team members & our customers. Our principles have remained consistent since Sunrise was founded, and they are frequently cited as a reason why our employees love working here. These principles do not change from time to time, situation to situation, or person to person. These Bedrock principles are foundational values that truly stand the test of time and shape our company culture.   Sunrise Core Values: Be a Sponge Enjoy the Ride Do the Right Thing Don't be an A-Hole Be ROCK Solid  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 www.MobileHomeParkAcademy.com 

Ever wondered how you can navigate the chaos of the holiday season while maintaining your financial stability? Well, sit back, relax and let me share my experiences with you. In this episode, you'll gain insights into how a simple job announcement on LinkedIn for my new role at Sunrise Capital Investors led to an overwhelming response and how my company, Cattani Capital Group, has been instrumental in aiding investors maintain cash flow in this unpredictable economy. We'll journey through the intricacies of the real estate market, highlighting the impact of rising interest rates and the trending shift toward debt funds, so tune in.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

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

In this episode, I am joined by the Sunrise Capital Investors co-founder, and my good friend, Brian Spear. Today, we are taking the time to reflect on 2023, our wins, our investment philosophy and what the future holds.    Quote:    “There will never be a situation where we're satisfied, proud, but never satisfied.”    -Brian Spear   Highlights:   4:25: Kevin discusses the recent closing on a mobile home park   6:30: Kevin and Brian reflect on the journey together as investors   12:45: Kevin reflects on feelings of anxiety through their journey when peers were closing on deals and SCI took a different approach   23:40: Kevin and Brian talk about fund 4   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.  

Considering an unconventional investment? Dive into the world of parking lot investments with our guest, Kevin Bupp, founder and CEO of Sunrise Capital Investors. Explore this often-overlooked asset class and learn why it could be a golden opportunity for discerning investors.From the fragmented nature of the parking business to the possibilities for vertical integration, we traverse lesser-explored territories and unveil the unique benefits that parking lots can offer over traditional asset classes.Surviving the 2008 crash was a significant achievement. For Kevin, however, it was a transformative experience that informed his future investment strategies. He shares how his prudent approach to investing, along with resilience amid turmoil and instinctive decision-making process, have been critical to his success.We also delve into the current real estate market, drawing insightful comparisons and contrasts with the 2008 crisis. We discuss the impact of historically low-interest rates and potential layoffs on the real estate market.As we conclude our enlightening conversation, Kevin imparts his wisdom on financial preparedness amidst real estate challenges. How can stockpiling cash and ensuring you have funds to keep your business afloat be your lifeline in a crisis? Discover as we discuss strategies to weather any storm.Stay tuned for fresh perspectives on real estate investing from a seasoned industry expert by listening  to the full episodes, click the links below.https://lifebridgecapital.com/2022/07/19/ws1367-why-parking-lots-are-a-good-investmentkevin-bupp/https://lifebridgecapital.com/2022/07/20/ws1368-the-next-recession-will-be-different-from-2008kevin-bupp/VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow

Ladies and gentlemen, hold on tight as we break free from our usual Wednesday episode routine and dive into an extraordinary edition of the Real Estate Investing for Cash Flow podcast! Buckle up because today is all about giving you an exclusive glimpse into our investing journey. I'm beyond thrilled to have my incredible co-founder and dear friend from Sunrise Capital Investors on the show today. Get ready to satisfy your curiosity as we unveil the behind-the-scenes secrets you've been longing for!   Quote:   “Another big lesson I learned, aside from buying with that margin of safety, below market value, is to not over leverage your assets.”  -Kevin Bupp   “If you scale too quickly and you don't have a really exceptional foundation at the core, that can ultimately create some ripple effects and adversely affect the entirety of the portfolios you're rolling forward.” -Brian Spear   “It's not about timing the market. It's about time in the market.” -Brian Spear   “It's of the utmost importance with whatever stage you're at in your investing journey, whether you're building your own company, or you're looking for passive investments, but just really figure out why are you doing what you're doing and actually have a legitimate strategy built around it.” -Kevin Bupp   Highlights:   8:55: Kevin & Brian discuss lessons learned over the last two decades of being real estate investors   13:45: Taking a more conservative approach to investing - why Kevin and Brian believe it is in the best interest of investors   19:30: Why is the question, “Where are you guys at from a debt perspective?” so popular now versus a year ago?   26:45: “Enjoy the ride” - explaining this core value from SCI. What does “enjoy the ride,” mean to you?   38:00: Identifying your investor strategy & aligning your interests    46:00: Brian leaves a “golden nugget” for listeners of the podcast   Guest Website: sunrisecapitalinvestors.com   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.

Kevin Bupp is the CEO of Sunrise Capital Investors, which invests in various real estate assets across the US. After attending a parking conference, Bupp realized the potential of parking lot investments and identified automation and technology integration as key opportunities to increase revenue. Mobile home park investments have become increasingly competitive, making it difficult to find good deals, but Bupp's team is focused on identifying hidden gems in underserved markets. Data analysis is used to evaluate potential deals based on factors such as cash flow, location, and value-add opportunities. Bupp predicts that there will be stress cracks in the mobile home park market in the next 12-18 months. If you'd like to meet with Beau to talk financing, book a call here ( http://bookwithbeau.com/ )

Kevin Bupp is the Founder & CEO of Sunrise Capital Investors, which invests in mobile home parks, parking lots, apartments, offices, and single family homes all across the US. He has 16 years of experience in educating investors to locate, acquire, and create “higher than average”  returns from the widely misunderstood niche of mobile home park investing. He shares his expertise through the Mobile Home Academy and also as the host of The Real Estate Investing for Cash Flow Podcast, which has become one of the hottest real estate podcasts on iTunes. He is the #1 bestselling author of the new book The Cash Flow Investor: How to Create Financial Freedom Investing in Commercial Real Estate. In this episode, we had the privilege of speaking with Kevin, an experienced investor, who provided valuable insights into the world of mobile home park investing. Our discussion revolved around the lucrative nature of this asset class, as well as the challenges associated with purchasing a mobile home instead of the land. Furthermore, we delved into the realm of parking lot investing and explored its mechanics. Join us for a round of captivating insights as we unravel the exciting possibilities within these investment avenues. Announcement: Download Our Sample Deal and Join Our Mailing List Mobile Home Parks and Parking Lot Investing 00:00 Assistant to investor; 06:07 Why you should invest in mobile home parks; 13:23 Challenges when you buy a mobile home instead of the land; 19:42 Lessons and tips on mobile home investing; 26:51 Parking lot investing; 37:12 Round of insights;   Apparent Failure: 2008 financial crisis Digital Resource: Slack Most Recommended Book: The Go-Giver Daily Habit: Exercising #1 Insight for Commercial Real Estate Investing: Team up with someone that has done it before. Best Place to Grab a Bite to Eat: Home    Contact Kevin: To learn more go to investwithsunrise.com. You can find Kevin's free book here. Click here to listen to the first episode that John did with Kevin. Other links: www.MySunriseCommunity.com, www.MobileHomeParkAcademy.com   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.

Today's Mobile Home Park Episode is from Episode #104.  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.

Kevin Bupp leads the strategic vision of SCI. As host of two top-ranked real estate investing podcasts, his real estate investment advice has been downloaded millions of times by folks in over 190 countries. A Co-Manager of multiple investment funds, Mr. Bupp has over $150 million of real estate transactions under his belt. His extensive investment experience spans the gamut of apartment buildings, single-family homes, office buildings, parking facilities, raw land, condos, and mobile home parks.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. He shares his experience through “The Mobile Home Park Investing Podcast” and the “Real Estate Investing for Cash Flow” podcast, which provide listeners with insights into his investment philosophy. In addition to his real estate endeavors, Mr. Bupp is passionate about giving back, and is the founder of several charitable organizations, including RunningForBrews.com, a social running club with more than 10,000 active members, and “72 Hours to Key West,” an annual 280 mile bike ride to benefit impoverished families during the holidays. https://sunrisecapitalinvestors.com/Get the book: The Cash Flow Investor: How to Create Financial Freedom Investing in Commercial Real Estate https://a.co/d/ibm8HU1

In this episode we have a very special guest with us, Kevin Bupp. Kevin is a Florida-based Real Estate Investor, Top iTunes podcast host and best selling author with over $250 million of real estate transactions. His extensive investment experience spans the gamut of apartment buildings, single-family portfolios, medical office, self storage, assisted living and his three favorites and by far the most profitable, Mobile Home Parks, Parking Lots, and Build-To-Rent Communities. Kevin holds the keys to successful real estate investment. With over two decades of experience, Kevin educates investors on how to locate, acquire, and create “higher than average” returns through commercial real estate investing. He shares his expertise through one of the longest-running Commercial Real Estate Investing Podcasts, “Real Estate Investing for Cashflow” which has been downloaded millions of times by listeners in over 190 countries. Kevin is also a principal & founder of Sunrise Capital Investors, a boutique real estate private equity firm that specializes in niche commercial real estate investments.

Ok listeners, are you ready to get naked with real estate? Today's guest is the founder of Mobile Home Park Academy, co-founder of Sunrise Capital Investors and Real Estate and Marketing Professional, Kevin Bupp. Kevin has a successful track record of identifying and re-positioning multi-family value-add properties. David and Kevin discuss how Kevin lost over 30 million dollars (yep, that's right….30 million dollars!!!) and with his back against the wall, he had no choice but to figure out how to turn everything back around. Tune in to hear how a mobile home park changed his life! IN THIS EPISODE, YOU WILL LEARN: [00:04:10] When Did Kevin Realize He Hit Rock Bottom?[00:07:57] How Did Kevin Turn Everything Around?[00:12:48] Discovery of Mobile Home Parks[00:16:22] What Inspired Mobile Home Park Academy?[00:21:46] How to Begin Learning About Real EstateConnect with Kevin Bupp:1. Follow Kevin on Facebook, LinkedIn, Twitter & Instagram2. Find Kevin on his website3. Listen to Kevin's Podcasts, "Real Estate Investing for Cashflow" & “Mobile Home Park Investing”Connect with David AsarnowFind David on his websiteFind David on his Instagram, Twitter, LinkedIn & Facebook

Today's Flash Back Friday Episode is from Episode #270, which originally aired on April 15, 2020. For the last decade, Sunrise Capital Investors has focused exclusively on the niche of mobile home park investing. The niche aligns with our investment thesis and has served our investors well for many years. Our team was ahead of the curve, touting the merits of the asset class long before mobile home parks became the darling of private equity. Today, we see similar opportunity in another under-the-radar, niche real estate investment: parking. Parking aligns with our investment thesis, and we feel the niche is roughly ten years behind mobile home parks in terms of the industry's consolidation phase. This provides sufficient runway to roll up a nice portfolio of parking assets while the niche is still overlooked. The remainder of this special report outlines the top ten most attractive aspects of parking investments. What You'll Learn: What's driving the shrinking supply of available parking The reasons behind the growing demand for parking The fragmentation of ownership in parking that makes it ripe for a large consolidation effort The unique NN and NNN lease structure that creates a very stable, cash flowing opportunity. Why, at present, there is very low competition for this asset class What makes for the ideal location of a great parking asset How technology has played a major role in the parking sector, thus allowing owners to maximize revenue 24/7 The attractive low maintenance aspect of parking when compared to other investments such as Multifamily and Commercial Buildings. The amazing tax benefits that parking benefits from including the accelerated 15-year depreciation schedule What underlying fundamentals make parking an incredibly recession resistant investment And much more… 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.

Kevin Bupp is the Founder & CEO of Sunrise Capital Investors, which invests in mobile home parks, parking lots, apartments, offices, and single family homes all across the US. He has 16 years of experience in educating investors to locate, acquire, and create “higher than average”  returns from the widely misunderstood niche of mobile home park investing. He shares his expertise through The Real Estate Investing for Cash Flow Podcast, which has become one of the hottest real estate podcasts on iTunes. He is the #1 bestselling author of the new book The Cash Flow Investor: How to Create Financial Freedom Investing in Commercial Real Estate Web:  www.KevinBupp.com www.SunriseCapitalInvestors.com www.MySunriseCommunity.com   Show hosted by Pete Peterson, Justin Bigelow and Mark Gray. Show produced by Mark Gray. 

Kevin Bupp leads the strategic vision of Sunrise Capital Investors. As host of two top-ranked real estate investing podcasts, his real estate investment advice has been downloaded millions of times by folks in over 190 countries. With over $250 million of real estate transactions under his belt, his extensive investment experience spans the gamut of apartment buildings, single-family homes, office buildings, parking facilities, raw land, condos, and mobile homeparks. He is the host of the “The Mobile Home Park Investing Podcast” and the “Real Estate Investing for Cash Flow” podcast. Together Mark and Kevin discuss:What's changed since they talked?Pros and cons of parking lot investingLessons learned since he's been in the parking lot investment spaceMobile home park investing verses parking lot investingThe economics and complexities of parking lotsCan a parking lot depreciate? TIP OF THE WEEKKevin:I'm not going to give you a website, a resource or a book… I'm going to give you something else. We're in southwest Florida–and were supposed to get hit by Hurricane Ian. I saw a lot of loss in the impact zone to our south. So hug a loved one, tell them you love. Call someone you lost a bond with. Remember the things that matter. Cherish the moment you're in. Things can be wiped away and change your life in an instant.Mark:Learn how you can invest with Kevin. Go to InvestwithSunrise.com and grab a free copy of Kevin's Book, The Cashflow Investor, by going to Kevinbupp.com/freebook. WANT TO LISTEN MORE?Did you like this episode?If so, tune into another Art of Passive Income podcast episode with Kevin Bupp where he discusses mobile home park investing."Are you ready to learn more about land investing? Just click HERE to schedule a call.""Isn't it time to create passive income so you can work where you want when you want, and with whomever you want?"

As markets are changing, it's critical to stay on top of trends to maximize your investment returns and minimize risk. For example, you're starting to hearing more about Build-to-Rent communities as alternative living solutions for renters who no longer want to live in Multi-family complexes. They want more space, a two car garage, a lawn, and they don't need the amenities of multifamily properties that a lot of people don't use anyway. Brian Spear, Co-founder of Sunrise Capital Investors, started out buying mobile home parks a decade ago and in recent years has expanded into lucrative Parking Lot deals and most recently Build-to-Rent communities.

Kevin Bupp began investing in real estate with the help of a mentor more than two decades ago at the age of 19. After saving up $7K to buy his first property, Kevin soon realized he needed to scale if he wanted to create significant cash flow. He acquired 150 single-family rental properties before venturing into commercial real estate.  Today, Kevin is the owner and president of Sunrise Capital Investors, a boutique real estate private equity firm that specializes in acquiring and managing niche assets such as mobile home parks and parking lots. In this episode, Kevin discusses his experience as an investor during the economic downturn of 2008, how the experience changed his outlook on assets going forward, and how to avoid risky deals in today's market. Kevin Bupp | Real Estate Background Owner/president of Sunrise Capital Investors, a boutique real estate private equity firm that specializes in acquiring and managing niche assets such as mobile home parks and parking lots. Previous episode: JF 16: How to Amass a Large Portfolio, Lose Most of It, and Come Back Stronger Portfolio: GP of $100M+ in AUM with properties in 13 states LP of: 3,000+ multifamily units 2 million sq. ft. of self-storage 500,000 sq. ft. of medical offices A dozen car washes Based in: Clearwater, FL Say hi to him at: kevinbupp.com Facebook LinkedIn YouTube Greatest lesson: Passion is the key. Without it, ideas die before they have a chance to thrive, people don't start their own businesses, and success remains a speck on the horizon. Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors:  Trevor McGregor Coaching | Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

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. 

In this Topical Tuesday's episode, I spoke with Brian Spear, who is a principal at Sunrise Capital Investors, where he handles investor relations, marketing, and regulatory compliance. He's a Co-Manager in multiple mobile home, parking and now Build to Rent investment funds, and he has an extensive background in market evaluation, property analysis, acquisitions and management. Be sure to tune in if you're interested in learning about: The data and studies that compelled him and his firm to pursue the BTR strategy The exciting feature of his BTR offering that is a HUGE differentiator Why the competition in the BTR space may not be as scary and institutional as it may seem on the surface Why their is MASSIVE consumer/renter demand for BTR properties To your success, Tyler Lyons 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

As contrarian investors we always want to find unique opportunities that may be overlooked by the majority of less savvy investors.  For this reason, I'm excited to present three real estate niches that are not commonly discussed in the industry, but provide some incredible cash flow and appreciation potential. This IIREC 2022 episode features 3 all-star speakers….  Brian Spear is a Co-Founder of Sunrise Capital Investors which operates multiple mobile home park investment funds.  Drew Wahlgren, the VP of Investor Relations at MAG Capital Partners, which is a proficient industrial operator.  Sam Wilson, the Founder of Bricken Investment Group, an RV Park operator, with a ton of experience in the space.  These three experts reveal their favorite niche in today's climate, especially when uncertainty is at an all-time high.  In this episode, we discuss… Why Drew focuses mostly on the tenants when evaluating industrial real estate Brian's key drivers of demand for parking real estate How Brain has systematized the a powerful MHP deal flow process Sam's powerful explanation of why RV storage will prosper for the foreseeable future If you want to learn about some of the most exciting real estate niches in 2022 from leading experts in the industry, check out this informative episode! Take Control,Hunter Thompson 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  

Going downtown at night, you might find yourself paying $20-30 for parking. Somebody owns that lot and is making money off it, but how can you invest in that asset class? Kevin Bupp, principal & founder of Sunrise Capital Investors, joins Adam Schroeder and Zach Lemaster to discuss not just the parking lot real estate market, but what you need to do to invest in mobile home parks successfully, and the rise of the build-to-rent market for real estate investors. Learn more about Kevin Bupp HERE -------------------------------------------------------- Website - www.RentToRetirement.com YouTube - www.YouTube.com/RentToRetirement Current Hotlist Properties - www.RentToRetirement.com/Hotlist

Going downtown at night, you might find yourself paying $20-30 for parking. Somebody owns that lot and is making money off it, but how can you invest in that asset class? Kevin Bupp, principal & founder of Sunrise Capital Investors, joins Adam Schroeder and Zach Lemaster to discuss not just the parking lot real estate market, but what you need to do to invest in mobile home parks successfully, and the rise of the build-to-rent market for real estate investors. Learn more about Kevin Bupp HERE -------------------------------------------------------- Website - www.RentToRetirement.com YouTube - www.YouTube.com/RentToRetirement Current Hotlist Properties - www.RentToRetirement.com/Hotlist

Welcome to Syndication Made Easy with Vinney Chopra! Today's our topic is “Investing in Mobile Home Parks” with our guest Kevin Bupp.  A mobile home park is a fantasy for a lot of people out there. Although the industry is still fragmented, mobile home parks will eventually be recognized as an asset. Kevin Bupp, CEO of Sunrise Capital Investors, is all in for this as he talks about how mobile home parks is the best cash flow vehicle for him. He also talks about the importance of being a problem solver in the industry while giving out the secret to finding distressed properties. Show Highlights: Crash and burn Get back in the market Education is key Mobile home parks Low-income housing Successful habits Action steps Freedom Kevin Bupp, an icon in the industry, brings his experience to the show. Kevin shares his story on how the crash of 2008 gave him the tools he needed to know to be the success he is now. Beer, real estate, and running are a few things that he is passionate about. The king of mobile home parks Kevin Bupp has such a great story but you will have to tune in to find out. Love the show? Subscribe, rate, review, and share! ------------------------------------------------ About Vinney (Smile) Chopra: Vinney is a real estate investor, syndicator, International best-selling author, host of 4 podcasts, multifamily educator, mentor, dedicated husband of over 40 years and father of 2 children-Neil and Monica, residing in Danville, California (near San Francisco) for 40+ years. Vinney came to this country with only $7 in his pocket and a dream. Vinney has now built a portfolio of over 6,500 units amounting to over $650 Million in the multifamily, senior assisted living and hospitality arenas. He is passionate about helping others achieve financial freedom and giving back to our seniors who have given us so much. Learn more about Vinney: https://vinneychopra.com/ Learn more about investing with Vinney: https://vinneychopra.com/investor/ Apply for Mentorship: https://vinneychopra.com/mentorship/ Vinney's Youtube: https://www.youtube.com/c/VinneyChopra/videos Vinney's Linkedin: https://www.linkedin.com/in/vinney-smile-chopra/ Vinney's Instagram: https://www.instagram.com/vinneychopra/ Vinney's Free Book: https://vinneychopra.com/freebook/ ------------------------------------------------

Strategic Real Estate Niche Investments - Provide Consistent Long-Term IRR – Private Equity Profits Podcast with Seth Greene & Cliff Locks Episode 038 Kevin Bupp   Kevin Bupp leads the strategic vision of Sunrise Capital Investors. As host of two top-ranked real estate investing podcasts, his real estate investment advice has been downloaded millions of times by folks in over 190 countries. A Co-Manager of multiple investment funds, Mr. Bupp has over $150 million of real estate transactions under his belt. His extensive investment experience spans the gamut of apartment buildings, single-family homes, office buildings, parking facilities, raw land, condos, and mobile home parks. 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. He shares his experience through “The Mobile Home Park Investing Podcast” and the “Real Estate Investing for Cash Flow” podcast, which provide listeners with insights into his investment philosophy. In addition to his real estate endeavors, Mr. Bupp is passionate about giving back, and is the founder of several charitable organizations, including RunningForBrews.com, a social running club with more than 10,000 active members, and “72 Hours to Key West,” an annual 280 mile bike ride to benefit impoverished families during the holidays. Listen to this informative Private Equity Profits episode with Kevin Bupp where we talk about strategic real estate niche investments.   Here are some of the beneficial topics covered on this week's show: The role a mentor can make to contribute to one's success Understanding where you are in life and how you need your money to work for you when choosing your investments Location, location, location - buying real estate in markets that have demand Niching down in your real estate investments to avoid the competition Educating yourself to manage inherited wealth responsibly Sharing your expertise with others to create success The shortage of quality rental housing for families that creates the build-to-rent model       Connect with Kevin: Links Mentioned: www.kevinbupp.com www.sunrisecapitalinvestors.com Connect with Seth: seth@marketdominationllc.com   Connect with Cliff Website investmentcapitalgrowth.com Email cliff@investmentcapitalgrowth.com     Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, we're speaking with Kevin Bupp, Founder & CEO of Sunrise Capital Investors, which invests in mobile home parks, parking lots, apartments, offices, and single family homes all across the US.Kevin's story sounds very familiar to many real estate investors who started in the 2000s - build up a substantial portfolio, weather the 2008-2009 financial crisis (where Kevin lost everything), and pivot strategy to something new. In Kevin's case, he bought his first mobile home park in 2012 and since then has transacted on over 40 of them!Kevin shares some excellent advice for people looking to gain traction in the mobile home space, explaining why he loves it as an asset class and what systems he has built with a decade of experience at Sunrise Capital Investors.You will not want to miss his story about the very first mobile home park outside of Atlanta and how he won over the local city council and authorities with what had been a very undesirable part of town when under previous ownership.In this episode, we talk about:-- Investing in Mobile Home Parks and Communities-- Kevin's journey from failure to success-- Modeling the success of mentors-- Building a portfolio of over 100 single-family homes-- Losing almost everything during the financial crisis of 2008-- Pivoting his business to the mobile home space-- Figuring out who to trust when looking for a mentor or partner-- Finding a blueprint that works and following it-- Mindset changes when starting to take on outside capital-- The responsibility involved with taking on friends & family money-- Documenting your processes and talking about deals that you've done-- What happens during the first month after acquiring a mobile home park-- The broader community impact of supplying affordable housing in mobile home parks-- The importance of getting city council on your side-- Why relationship building and reputation are paramount to your successGet in touch with Kevin:Kevin Bupp - Kevin@KevinBupp.comReal Estate Investing for Cash Flow Podcast - https://www.kevinbupp.com/Kevin Bupp on Linkedin - https://www.linkedin.com/in/kevinbupp/Kevin Bupp on Instagram - https://www.instagram.com/buppkevin/ Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!#bostonrealestate #mobilehomeinvesting #openhouses #realestatepodcast #nexthome #humansoverhouses #realestate #realestateinvesting #mentorship #realestateinvesting #mobilehomeparks #realestateagent #affordablehousing_____________________The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill.This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.You can follow our sponsors here:NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInAttorney Rory Gill on LinkedInThe Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments.Support the show (https://www.urbanvillagelegal.com)

Today's episode is with Kevin Bupp, a real estate investor at Sunrise Capital Investors and he is in the market of Mobile home parks.    In 2008 after the market crash Kevin hit rock bottom and he tells us how he made his way to the top. He explains that focusing on fitness and getting your mind right is the key to success. This episode we will learn: Always doing the right thing when valuing relationships with people over personal gain How to protect yourself/company from a potential market crash? How to go from raising capital on individual deals to starting a multiple fund asset. Secrets and tips to structure payouts and splitting profits with partners What types of things should you include on offers How to deal with rental rates fluctuating Getting involved in slower markets in order to amplify your business Working with Investors Kevin is a great example of hard work paying off. We hope you enjoyed this episode and learned more about moving from funding single assets to a multi-asset fund.

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

Scale is crucial to achieving financial freedom with real estate. And while multifamily is the fastest way to achieve scale, there are other commercial asset classes that will get you there, provided you understand the challenges and how to overcome them. Kevin Bupp is living the dream with mobile home parks, and he's well-versed what it takes to grow a portfolio in this niche market. Kevin is the CEO of Sunrise Capital Investors, a firm that helps investors build legacy wealth through commercial real estate investing. Kevin and his team focus on mobile home parks and parking assets, market segments with less competition than other asset classes. He has been a real estate investor since he was 19 years old, and he has specialized in mobile home parks for the last 10 years. Kevin is also the host of the Real Estate Investing for Cashflow Podcast. On this episode of Financial Freedom with Real Estate Investing, Kevin joins cohost Garrett Lynch and me to discuss the pros and cons of investing in mobile home parks. He explains why he made the commitment to self-manage his portfolio and shares best practices for building your own property management company. Listen in to understand the process of finding mobile home park deals and learn how Kevin built and scaled a successful mobile home park investing business! Key Takeaways What Kevin loves about mobile home parks Very high cash-on-cash returns Mom-and-pop owners = upside potential Very low tenant turnover rate The challenges of mobile home park investing Difficult to scale (focus on large lots) Must make commitment to self-manage How to build a property management company Add value to established group Hire from top down, not bottom up Kevin's advice on scaling a mobile home portfolio Grow efficiently, do only good deals Focus on quality of life Kevin's first hires for a property management team Invest in director of property management Experienced administrative assistant What a mobile home park value-add deal looks like Aesthetic improvements (e.g.: road repair) Renovate park-owned units Install new homes on vacant lots Individual submeters on each lot Why Kevin prefers selling mobile homes to renting Little to no profit on renters Average stay for owners = 9 years Kevin's debt strategy for mobile home parks Fannie and Freddie loans Community banks or CMBS lenders How Kevin finds mobile home park deals Cold call and direct mail prospects Relationships with brokers How Kevin gets property owner contact info Secretary of state site for LLC members Skip trace software Why Kevin is getting into parking assets Cashflow, nice return on investment Positive future potential Connect with Kevin Bupp Kevin's Website Sunrise Capital Investors Real Estate Investing for Cashflow Podcast Resources Podcast Show Notes Access Michael's Blueprint to Your First Multifamily Deal Training Learn About Michael's Mentoring Program Join the Nighthawk Equity Investor Club Kevin Bupp on Financial Freedom with Real Estate Investing EP054 TLOxp LexisNexis CoStar Reonomy Hunter Thompson on Financial Freedom with Real Estate Investing EP087 Podcast Show Notes Michael's Website  Michael on Facebook  Michael on Instagram  Michael on YouTube  Apartment Investor Network Facebook Group 

Aaron Iler brings on an intelligent guest, Brian Spear, co-founder of Sunrise Capital Investors, to discuss what it was like to build a business from scratch in his 20's, and how to carve out time for your friends and family while working towards your goals.In this episode, Aaron and Brian discuss:How to Get People to Hear Your MessageHow to Handle the Fear of UncertaintyThe Myth of “Overnight Success”Two Things to Keep in Mind When Starting a BusinessHow to Stay Fixated on Your End GoalAaron would like to give a huge thank you to Brian for coming onto the Dream Chasers: Ground Zero platform to share his knowledge about how to keep your eye on the prize despite other things going on around you, and two major things to keep in mind when grinding to start a business.Watch the YouTube replay here:https://youtu.be/ws5XZ7zDey4Contact Brian Spear here:https://www.linkedin.com/in/brian--spear/https://sunrisecapitalinvestors.com/Timestamped Shownotes:0:00 - What Was Ground Zero Like for You?4:04 - How to Find a Mentor and Create a Successful Partnership7:00 - How to Get People to Hear Your Message9:59 - How to Structure Work-Life Balance in Your 20's15:03 - What Was It Like Starting a Business from Scratch?16:52 - How to Handle the Fear of Uncertainty21:43 - So What Does the Fear Mean?24:19 - The Myth of “Overnight Success”26:27 - How to Stay Fixated on Your End Goal28:55 - If You Could Go Back in Time What Would You Tell Yourself?29:13 - Two Things to Keep in Mind When Starting a BusinessFor more of Dream Chasers:SPOTIFYAPPLE PODCASTSSTITCHERGOOGLE PODCASTSSupport the show (https://www.patreon.com/dreamchasers_ix)

On today's episode of Ritter on Real Estate we get together with Kevin Bupp to hear all about what he's learned over the course of his twenty years of investing in real estate. Kevin is the founder and CEO of Sunrise Capital Investors, a company that invests in mobile home parks, parking lots, apartments, offices, and single-family homes all across the US. Kevin has also spent years sharing his expertise through the Mobile Home Park Academy, educating investors on how to identify, acquire and grow exceptional returns on investment in the unique asset class of mobile home park investing. He is also the host of the popular podcast Real Estate Investing for Cash Flow. In our conversation with Kevin, we talk about how he first got into real estate and why it's so important to take action when an opportunity presents itself. He also expresses his gratitude for finding real estate at such a young age and reflects on how it changed the course of his life. We dive into the unique nature of investing in mobile home parks, why it is Kevin's favorite asset class, and how it differs from investing in multi-family properties. Tuning in you'll hear Kevin outline what he looks out for when acquiring mobile homes and how location and demographics factor into his decision-making process. We had a fascinating conversation with Kevin and we're sure you will find it every bit as eye-opening and informative as we did. For all this, and much more, join us today!Key Points From This Episode:Introducing today's guest Kevin Bupp.Kevin shares how first became enthusiastic about real estate.How Kevin was mentored in real estate by the father of a woman he dated in college.The importance of taking action when you are given an opportunity.We hear from Kevin about why mobile home parks are his favorite asset class.The key differences between investing in mobile home parks and multi-family units.The lack of third-party management companies that specialize in mobile home parks in the US.The challenge this poses to scaling your investments in mobile home parks.The necessity of building a property management company when doing scaled investing in mobile home parks.How private equity investing in the mobile home park equity class has affected the industry.Kevin discusses when selling is justifiable as an investment company.How Kevin factors location and demographics into his decision when investing in mobile homes.What Kevin has observed with rising rent costs and the popularity of mobile homes.The benefits and risks of mobile home park investing.We hear about Kevin's keys to success.Links Mentioned in Today's Episode:Kevin Bupp on LinkedInKevin BuppSunrise Capital InvestorsThe Go-GiverKent Ritter

In this episode, your host, Ry Russell speaks with Sunrise Capital Investors' Kevin Bupp about recognizing good opportunities, finding the right mentor, following your own process, mobile home investing, and more. Check out Sunrise Capital Investors at https://sunrisecapitalinvestors.com/.

Mobile Home Park Investing has been a hot asset class over the past five years, and we've certainly talked about it on this show.  But what kind of opportunities are really available to investors right now, and how has the increased competition from institutional buyers and effects of the pandemic affected the opportunities in this space? My guest today is here to give us an update on the state of Mobile Home Park Investing.  Brian Spear is a founder of Sunrise Capital Investors which specializes in acquiring deals in off-market, direct-to-owner transactions.  He's also the co-host of the Mobile Home Park Investing podcast. Today Brian is going to share with us the trajectory that led him to investing in real estate, and the systems and tools he's using to not only build a world-class mobile home park portfolio, but to manage it as well.  You'll learn the meaning of “Prep-ortunity”, and how Brian moved across the country to work with his mentor Kevin Bupp for free.  We'll also discuss some new investments he's making in parking lots and parking garages, and why he finds this such an exciting asset class. I know you're going to enjoy this conversation with Brian and benefit from the knowledge he brings today.  You can contact him through https://sunrisecapitalinvestors.com/funds/fund-iii/ Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com

In today’s special episode, Chantel had the opportunity to speak with Brian Spear of Sunrise Capital Investors. Brian Spear currently handles investor relations, marketing, and regulatory compliance for SCI. Mr. Spear has an extensive background in market evaluation, property analysis, acquisitions and management. To improve deal flow, Mr. Spear systematized the process to build and track relationships with mobile home park brokers nationwide.    Prior to joining SCI, Mr. Spear travelled throughout the country to perform audits for multinational telecommunications companies. Over time, Brian worked in 49 states and amassed valuable insights into different MSAs around the country. His ability to drive growth and improve productivity helped grow his former company from inception to a valuation in excess of $50mm in less than a decade.    Brian and Chantel discussed real estate investing, what will self driving cars do for our future, what to do with your cash right now since cash values are going down, how ghost kitchens are going to change our future, why buy and hold is the best strategy, and more!   Enjoy! Connect with Brian:  https://sunrisecapitalinvestors.com/  Order Chantel’s New Book, One Meal And A Tasting: https://chantelrayway.com/onemeal/    Join CanZell HERE: https://joincanzell.com/    Check out the CanZell Cloud HERE: https://canzellcloud.com/    Claim Your Free Ticket For The Grow And Scale Now Summit! https://growandscalenow.com/    Chantel: https://www.instagram.com/thechantelray/     For more resources, visit http://www.reallifeleaders.com/podcast    Have a leadership question you want answered? Email podcast@reallifeleaders.com and you might even be in an episode!

Description:Join us as Kevin and I discuss the nuances of investing in parking lots and mobile home parks, as well as investing in syndication deals as a passive investor, and what to look out for when hiring a third-party property manager. Kevin is the Founder & CEO of Sunrise Capital Investors, which has a long track record of investing in mobile home parks, parking lots, apartments, offices, and single family homes across the US. He’s also the host of the Mobile Home Academy podcast and the highly rated Real Estate Investing for Cash Flow Podcast.Helpful Links:https://sunrisecapitalinvestors.com/https://www.kevinbupp.com/Episode Highlights:The parking lot industry is highly fragmented, run by a lot of mom and pop operators. Because of this, a lot of them are run using cash, which opens up a pandora’s box of employee theft.When Kevin hired third-party property managers interests were not aligned. The property managers were not profit driven and often went over budget on things. Kevin and his team ultimately determined that it was best to bring the property management aspect of their business in house so that they could ensure that they can continue to provide reliable, consistent returns to their investors.Sometimes mobile home parks are only licensed for a portion of the total lots that they are selling you. Always check with the city and county to determine the number of lots that are currently permitted.The underwriting for a deal is an imperfect process and always a best guess. If the asset is good and located in a good market, then it really comes down to the sponsor’s ability to execute the business plan. When considering investing in deals as a passive investor (LP) you need to first look at the sponsor’s track record. How long has she/he been doing it? How many properties have they taken full cycle from acquisition to disposition? What does their personal balance sheet look like (i.e., do they have any personal assets to go after if the deal blows up)? What is the experience other investors have had that have been investing with the sponsor for several years already?

Kevin Bupp is the Founder & CEO of Sunrise Capital Investors, which invests in mobile home parks, parking lots, apartments, offices, and single-family homes all across the US.Learn More About Kevin Here:Website: www.KevinBupp.comEmail: Kevin@kevinbupp.com Facebook: https://www.facebook.com/RealKevinBupp/LinkedIn: https://www.linkedin.com/in/kevinbupp/Instagram: https://www.instagram.com/buppkevin/What do you want to hear/see more of and less of?What question do you always wish I would ask but I never do?Connect with the Global Investors Show, Charles Carillo, and Harborside Partners:◾ Setup a FREE 30 Minute Strategy Call with Charles: schedulecharles.com/ ◾ Global Investors Web Page: charleskcarillo.com/global-investors-podcast/.◾ Join Our Email Newsletter: http://bit.ly/32pehL0◾ Foreign Investing in US Real Estate Facebook Group: facebook.com/groups/ForeignInvestingInUSRealEstate/  

How many people do you know that lost a $30M portfolio in the 2008 crash, and we're able to rebuild to an even larger portfolio in a different asset class? Today's guest may be the first person you've heard of that did just that.  Today's guest is Kevin Bupp. Kevin Bupp is the Founder & CEO of Sunrise Capital Investors, which invests in mobile home parks, parking lots, apartments, offices, and single family homes all across the US. He has 16 years of experience in educating investors to locate, acquire, and create “higher than average” returns from the widely misunderstood niche of mobile home park investing. He has completed in excess of $150 million in real estate transactions. Currently he's a candidate for CCIM, the highest commercial real estate designation around. He shares his expertise through the Mobile Home Academy and also as the host of The Real Estate Investing for Cash Flow Podcast, which has become one of the hottest real estate podcasts on iTunes. In addition to his real estate endeavors and monthly podcast, he's the founder of several charitable organizations including RunningForBrews.com, a social running club with more than 10,000 active members, and "72 Hours to Key West," an annual 280-mile bike ride benefitting impoverished families during the holidays. Between the two of these, he has donated more than $300,000 and have positively impacted millions of lives throughout Southwest Florida. 

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/

In Episode 10, we interview Kevin Bupp. He's the CEO of Sunrise Capital Investors, a Clearwater, FL-Based private commercial real estate investment firm that focuses on value-add manufactured home communities and parking assets. Kevin is also the host of the top-rated Real Estate Investing for Cash Flow Podcast. We talk about how to build a sustainable company that generates recurring revenue and offers flexibility, freedom, and the ability to support family and be present for significant moments in their lives. We'll touch on the importance of attracting and retaining talent, how to find value-add opportunities and build rapport with motivated sellers, and the power of performance-based leadership. Let's get started. https://creativerealestatecopy.com/execution-is-everything/ #CommercialRealEstate #RealEstate #ValueAddInvesting #REILifestyle --- Send in a voice message: https://anchor.fm/re-exec-tl/message

Kevin Bupp, CEO of Sunrise Capital Investors, is all in for this as he talks about how mobile home parks is the best cashflow vehicle for him. ... He shares some of his deals – from the best victories he had where he had a park that was beyond his wildest dreams, to the one that hurt him the most.

Kevin Bupp, CEO of Sunrise Capital Investors, is all in for this as he talks about how mobile home parks is the best cashflow vehicle for him. ... He shares some of his deals – from the best victories he had where he had a park that was beyond his wildest dreams, to the one that hurt him the most.

Welcome to Syndication Made Easy Show with #VinneyChopra!   Today’s our topic is “Investing in Mobile Home Parks” with our guest Kevin Bupp.    A mobile home park is a fantasy for a lot of people out there. Although the industry is still fragmented, mobile home parks will eventually be recognized as an asset.   Kevin Bupp, CEO of Sunrise Capital Investors, is all in for this as he talks about how mobile home parks is the best cash flow vehicle for him.He also talks about the importance of being a problem solver in the industry while giving out the secret to finding distressed properties.   Show Highlights:   Crash and burn Get back in the market Education is key Mobile home parks Low-income housing Successful habits Action steps Freedom   Kevin Bupp, an icon in the industry, brings his experience to the show. Kevin shares his story on how the crash of 2008 gave him the tools he needed to know to be the success he is now. Beer, real estate, and running are a few things that he is passionate about. The king of mobile home parks Kevin Bupp has such a great story but you will have to tune in to find out.   Love the show? Subscribe, rate, review, and share!   --------------------------------------------------------------------------------------------------------------------- Get your copy of Vinney’s #1 International Best Selling book – Syndication Made Easy – https://amzn.to/2kwjHDN   --------------------------------------------------------------------------------------------------------------------- ☑️ Check out Mr. Vinney Smile Chopra at  

Kevin is the co-founder of Sunrise Capital Investors through which he acquired and transacted on mobile home communities with a transaction value of over $100M. He is the host of not only 1 but 2 “Top-Rated” podcasts, Real Estate Investing for Cash Flow & The Mobile Home Park Investing Podcast. He has been investing in real estate since the early age of 20 and has not looked back. -Advice for someone looking to get into MHP investing? Either passively or actively. Topics Covered: Starting out and hustling to learn Understanding mobile home parks What to look for when investing in mobile home communities Park owned v. tenant owned homes Ways to add value to mobile home communities Weathering COVID Getting into the parking lot space Nuggets of Wealth What is a good tool, source, or platform that you use almost daIly that can also help others? Slack Which book are you currently reading and which one has had the biggest impact on your life? RAD, Think and Grow Rich Do you have any rules for success that you live by? Find out what you really enjoy doing. 1,001 ways to make money in RE but find the path that aligns with you and your goals in life. How do you like to give back? (He's the founder of several charitable organizations) Help others, charitable bike ride - donates $45k-$60k to charities At the end of your life, how do you want to be remembered? Someone that provided a positive impact on their lives. Gave back to society. Where can CTW Nation go to contact you or find out more about Sunrise Capital Investors? kevinbupp.com, sunrisecapitalinvestors.com, 72hourstokeywest.com, Contact@SunriseCapitalInvestors.com Get a FREE Ebook at www.parkinglotprofits.com 

In this episode, I am honored to interview Kevin Bupp, who is the Founder & CEO of Sunrise Capital Investors, which invests in mobile home parks, parking lots, apartments, offices, and single-family homes all across the US. He has 16 years of experience in educating investors to locate, acquire, and create “higher than average” returns from the widely misunderstood niche of mobile home park investing. He shares his expertise through the Mobile Home Park Academy and also as the host of The Real Estate Investing for Cash Flow and The Mobile Home Park Investing podcasts, which have become two of the hottest real estate podcasts on iTunes. Kevin told us about his background and how he first came to real estate investing. He talked about his family's humble beginnings and the various things he did to make money so he could buy the things he wanted. Kevin described the relationships that first lead him to real estate investing, going to his first boot camp, how he felt coming out of it, and how he made his first deal at the age of 20. I asked Kevin what he looks for in a good deal and he talked about the importance of sound economic fundamentals in a particular market. He also looks at the area's policies concerning landlord and tenant laws to make sure they are win-win for both sides. His financial goals include the ability to hold each property and realize a certain level of return on investment initially and throughout the life of the investment. I wanted to get the details about investing in mobile homes, so I asked Kevin specific questions about this niche of the real estate market. He said they own properties all over the country and normally purchase the entire mobile home complex, but a small percentage of their overall portfolio are individual units, as well. Kevin discussed his history in real estate investing, starting with single-family and multi-family investments before the housing market crash in 2008. After his business was severely hit at this time, he took a couple of years to re-evaluate the type of property he wanted to invest in going forward. Kevin developed a relationship with a very successful mobile home investor and it really influenced the direction he decided to go next. Kevin then talked about the specific advantages and challenges of being in the mobile home space. The points he makes about the perception of mobile homes, the issues involved with communities building new communities, and the progression of surrounding developments are super compelling and informative. We discussed some of the details concerning new investors and this type of investment, too. Kevin described how mobile home parks are remotely managed, either from an office on the property itself or if the community is smaller, from a manager's home office. These managers perform similar functions to managers of more standard types of properties - collecting rents, handing out late notices, and sometimes representing them in court, if necessary. They then have a district manager who the individual managers report to who regularly visits each property. Having invested in all different types of real estate, this episode with super successful and exciting investor Kevin Bupp provides a ton of actionable and practical wisdom and I hope you join us! Notable Quotes: “Real estate found me - I didn't find it. I am very blessed and grateful for that coming into my life because I don't know what I would be doing otherwise.” Kevin Bupp “A real paycheck gave me a taste of that freedom, of paving my own way..” Kevin Bupp “I did whatever I could to hustle and make a dollar.” Kevin Bupp “At my first boot camp, I met a lot of people that I didn't feel were any smarter than me who were doing big things in the real estate space.” Kevin Bupp “The quickest way to get ignored is to ask for something without giving anything in return.” Mike Simmons “Learning by first giving.” Mike Simmons “We need to know we are comfortable with the worst-case scenario.” Kevin Bupp “If you want to scale a business, you have to be open to where the deals are.” Kevin Bupp “I went on a journey examining what went wrong, what don't I want to do again, and how can I rebuild.” Kevin Bupp “I don't have that big of a stomach - I would rather buy something that is more tried-and-true.” Kevin Bupp “It's all about getting educated - you need to learn the intricacies of that investment vehicle.” Kevin Bupp “Go network, get to know others that are in your space.” Kevin Bupp “The seller objections for a mobile home park purchase are not that dissimilar to any other type of real estate.” Mike Simmons “It's a really weird transition where you say, ‘We need more people, but we can't afford more people.'” Kevin Bupp “I like to be proactive with my hiring.” Kevin Bupp “The companies that get smarter and leaner and stronger will come out of this pandemic better.” Mike Simmons Links: Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months Kevin Bupp's Website Mobile Home Park Academy Sunrise Capital Investors Real Estate Investing for Cash Flow with Kevin Mobile Home Park Investing Podcast with Kevin 7FF Video Vault Return on Investments Just Start Real Estate JSRE on Facebook Mike on Facebook Mike on Instagram Mike on LinkedIn Mike on Twitter Mike's Email

In this episode, I am honored to interview Kevin Bupp, who is the Founder & CEO of Sunrise Capital Investors, which invests in mobile home parks, parking lots, apartments, offices, and single-family homes all across the US. He has 16 years of experience in educating investors to locate, acquire, and create “higher than average”  returns from the widely misunderstood niche of mobile home park investing. He shares his expertise through the Mobile Home Park Academy and also as the host of The Real Estate Investing for Cash Flow and The Mobile Home Park Investing podcasts, which have become two of the hottest real estate podcasts on iTunes.   Kevin told us about his background and how he first came to real estate investing. He talked about his family’s humble beginnings and the various things he did to make money so he could buy the things he wanted. Kevin described the relationships that first lead him to real estate investing, going to his first boot camp, how he felt coming out of it, and how he made his first deal at the age of 20.   I asked Kevin what he looks for in a good deal and he talked about the importance of sound economic fundamentals in a particular market. He also looks at the area’s policies concerning landlord and tenant laws to make sure they are win-win for both sides. His financial goals include the ability to hold each property and realize a certain level of return on investment initially and throughout the life of the investment.   I wanted to get the details about investing in mobile homes, so I asked Kevin specific questions about this niche of the real estate market. He said they own properties all over the country and normally purchase the entire mobile home complex, but a small percentage of their overall portfolio are individual units, as well.   Kevin discussed his history in real estate investing, starting with single-family and multi-family investments before the housing market crash in 2008. After his business was severely hit at this time, he took a couple of years to re-evaluate the type of property he wanted to invest in going forward. Kevin developed a relationship with a very successful mobile home investor and it really influenced the direction he decided to go next.   Kevin then talked about the specific advantages and challenges of being in the mobile home space. The points he makes about the perception of mobile homes, the issues involved with communities building new communities, and the progression of surrounding developments are super compelling and informative. We discussed some of the details concerning new investors and this type of investment, too.   Kevin described how mobile home parks are remotely managed, either from an office on the property itself or if the community is smaller, from a manager’s home office. These managers perform similar functions to managers of more standard types of properties - collecting rents, handing out late notices, and sometimes representing them in court, if necessary. They then have a district manager who the individual managers report to who regularly visits each property.   Having invested in all different types of real estate, this episode with super successful and exciting investor Kevin Bupp provides a ton of actionable and practical wisdom and I hope you join us!  Notable Quotes:   “Real estate found me - I didn’t find it. I am very blessed and grateful for that coming into my life because I don’t know what I would be doing otherwise.”  Kevin Bupp   “A real paycheck gave me a taste of that freedom, of paving my own way..” Kevin Bupp   “I did whatever I could to hustle and make a dollar.” Kevin Bupp   “At my first boot camp, I met a lot of people that I didn’t feel were any smarter than me who were doing big things in the real estate space.” Kevin Bupp   “The quickest way to get ignored is to ask for something without giving anything in return.” Mike Simmons   “Learning by first giving.” Mike Simmons   “We need to know we are comfortable with the worst-case scenario.” Kevin Bupp   “If you want to scale a business, you have to be open to where the deals are.” Kevin Bupp   “I went on a journey examining what went wrong, what don’t I want to do again, and how can I rebuild.” Kevin Bupp   “I don’t have that big of a stomach - I would rather buy something that is more tried-and-true.” Kevin Bupp   “It’s all about getting educated - you need to learn the intricacies of that investment vehicle.” Kevin Bupp   “Go network, get to know others that are in your space.” Kevin Bupp    “The seller objections for a mobile home park purchase are not that dissimilar to any other type of real estate.” Mike Simmons   “It’s a really weird transition where you say, ‘We need more people, but we can’t afford more people.’” Kevin Bupp    “I like to be proactive with my hiring.” Kevin Bupp   “The companies that get smarter and leaner and stronger will come out of this pandemic better.” Mike Simmons Links: Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months Kevin Bupp's Website Mobile Home Park Academy Sunrise Capital Investors Real Estate Investing for Cash Flow with Kevin Mobile Home Park Investing Podcast with Kevin 7FF Video Vault Return on Investments Just Start Real Estate JSRE on Facebook Mike on Facebook Mike on Instagram Mike on LinkedIn Mike on Twitter Mike’s Email

Ok listeners, are you ready to get naked with real estate? Today’s guest is the founder of Mobile Home Park Academy, co-founder of Sunrise Capital Investors and Real Estate and Marketing Professional, Kevin Bupp. Kevin has a successful track record of identifying and re-positioning multi-family value-add properties. David and Kevin discuss how Kevin lost over 30 million dollars (yep, that’s right….30 million dollars!!!) and with his back against the wall, he had no choice but to figure out how to turn everything back around. Tune in to hear how a mobile home park changed his life! IN THIS EPISODE, YOU WILL LEARN: [00:04:10] When Did Kevin Realize He Hit Rock Bottom?[00:07:57] How Did Kevin Turn Everything Around?[00:12:48] Discovery of Mobile Home Parks[00:16:22] What Inspired Mobile Home Park Academy?[00:21:46] How to Begin Learning About Real EstateConnect with Kevin Bupp:1. Follow Kevin on Facebook, LinkedIn, Twitter & Instagram2. Find Kevin on his website3. Listen to Kevin’s Podcasts, "Real Estate Investing for Cashflow" & “Mobile Home Park Investing”Connect with David AsarnowFind David on his websiteFind David on his Instagram, Twitter, LinkedIn & FacebookAbout Get Naked PodcastWelcome to the Get Naked In Business video podcast.So the big question is… how do entrepreneurs like us, who built our businesses from the ground up, who spend our own capital, who want to make a huge impact on this world, how do we do all that and create a great income?My mission for this podcast is to interview amazing entrepreneurs who are willing to get naked in front of the mirror, jump up and down, and let the real, raw insights all hang out. Insights to help accelerate your business growth.My name is David Asarnow and welcome to Get Naked In Business. I’m glad you're here… now it's time to get naked! GetNakedInBusiness.com

This was recorded from the Grow and Scale Now Summit. Kevin is the chief executive officer at Sunrise Capital Investors. Proven success in several facets of real estate investing and entrepreneurship, Kevin has over $40mm of real estate transactions under his belt. This extensive investment experience makes Kevin proficient in marketing, underwriting, negotiating, structuring the deal, performing due diligence, and closing on commercial property. Kevin has become an industry leader in real estate investing education. Over half a million people seeking real estate advice download Kevin’s Podcasts on an annual basis. Websites: https://www.kevinbupp.com/ https://sunrisecapitalinvestors.com/   Claim Your Free Ticket For The Grow And Scale Now Summit! https://growandscalenow.com/ Register now for the Scale Now Retreat: http://chantelray.com/retreat Chantel: https://www.instagram.com/thechantelray/  This episode is brought to you by Simpronto! Get your podcast edited, launched, and produced SIMPLY PRONTO with their services: http://simpronto.com/ For more resources, visit http://www.reallifeleaders.com/podcast Have a leadership question you want answered? Email podcast@reallifeleaders.com and you might even be in an episode!

When someone goes into real estate investing, mobile home parks and parking lots aren't exactly the first things that come to mind. A mere decade ago, the industry was composed of a few small, scattered players. Today, however, we see bigger companies starting to see the investment value of these properties and the decent returns they provide. Scott Carson talks with real estate investor Kevin Bupp of Sunrise Capital Investors about this type of real estate investing. Kevin has been working in this misunderstood niche for sixteen years and has seen nothing but good years during that time. Listen and learn why investing in mobile home parks and parking lots is so underrated. Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Kevin Bupp is the Founder & CEO of Sunrise Capital Investors , which invests in mobile home parks, apartments, offices, and single family homes all across the US. He has 16 years of experience in educating investors to locate, acquire, and create “higher than average”  returns from the widely misunderstood niche of mobile home park investing. He shares his expertise through the Mobile Home Academy and also as the host of “The Real Estate Investing for Cashflow Podcast”, which has become one of the hottest real estate podcasts on iTunes.

For the last decade, Sunrise Capital Investors has focused exclusively on the niche of mobile home park investing. The niche aligns with our investment thesis and has served our investors well for many years. Our team was ahead of the curve, touting the merits of the asset class long before mobile home parks became the darling of private equity. Today, we see similar opportunity in another under-the-radar, niche real estate investment: parking. Parking aligns with our investment thesis, and we feel the niche is roughly ten years behind mobile home parks in terms of the industry’s consolidation phase. This provides sufficient runway to roll up a nice portfolio of parking assets while the niche is still overlooked. The remainder of this special report outlines the top ten most attractive aspects of parking investments. What You’ll Learn: What’s driving the shrinking supply of available parking The reasons behind the growing demand for parking The fragmentation of ownership in parking that makes it ripe for a large consolidation effort The unique NN and NNN lease structure that creates a very stable, cash flowing opportunity. Why, at present, there is very low competition for this asset class What makes for the ideal location of a great parking asset How technology has played a major role in the parking sector, thus allowing owners to maximize revenue 24/7 The attractive low maintenance aspect of parking when compared to other investments such as Multifamily and Commercial Buildings. The amazing tax benefits that parking benefits from including the accelerated 15-year depreciation schedule What underlying fundamentals make parking an incredibly recession resistant investment And much more… Recommended Resources: Grab a FREE copy of our latest ebook “Parking Lot Profits” Click Here Check out our company and our investment opportunity by visiting SunriseCapitalInvestors.com Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

What is going on everyone, welcome to Cashflow 2 Freedom! As always, we're super excited to bring this episode to you all. We have a special guest on the show today who has been in real estate for over twenty years and now invests heavily in manufactured home communities. It's my pleasure to welcome Kevin Bupp, CEO of Sunrise Capital Investors. Kevin got his start in real estate at the early age of nineteen by finding and working with a mentor. As you hear from most any successful individual, the importance of finding a mentor is critical. We go over exactly how Kevin built a relationship with his mentor that helped propel him to the successes he experiences today. Kevin is a wealth of knowledge across many different real estate asset classes. From owning over one hundred single family homes, to several hundred apartment doors, to commercial property and parking lots, to now owning several manufactured home communities, he's done more than most. But it wasn't all sunshine and rainbows, 2008 did a number on Kevin and it took him years to find his real estate groove again. Kevin shares the lesson learned from the financial crisis of 2008 and how that has shaped his investing today. Being that 90% of Kevin's portfolio is manufactured home communities, we touch on this industry, why he's chosen to invest in it, what kind of communities he looks for, and what his strategies are to buy and immediately force value. This is just the tip of the iceberg. As always, get your notes ready and learn how Kevin has built his real estate empire. Be sure to check out Kevin's website where he has tons of awesome resources and content. And keep up to date with Kevin's company Sunrise Capital Investors. Until next time gang! AJ

What is going on everyone, welcome to Cashflow 2 Freedom!As always, we’re super excited to bring this episode to you all. We have a special guest on the show today who has been in real estate for over twenty years and now invests heavily in manufactured home communities. It’s my pleasure to welcome Kevin Bupp, CEO of Sunrise Capital Investors.Kevin got his start in real estate at the early age of nineteen by finding and working with a mentor. As you hear from most any successful individual, the importance of finding a mentor is critical. We go over exactly how Kevin built a relationship with his mentor that helped propel him to the successes he experiences today.Kevin is a wealth of knowledge across many different real estate asset classes. From owning over one hundred single family homes, to several hundred apartment doors, to commercial property and parking lots, to now owning several manufactured home communities, he’s done more than most.But it wasn’t all sunshine and rainbows, 2008 did a number on Kevin and it took him years to find his real estate groove again. Kevin shares the lesson learned from the financial crisis of 2008 and how that has shaped his investing today.Being that 90% of Kevin’s portfolio is manufactured home communities, we touch on this industry, why he’s chosen to invest in it, what kind of communities he looks for, and what his strategies are to buy and immediately force value.This is just the tip of the iceberg. As always, get your notes ready and learn how Kevin has built his real estate empire.Be sure to check out Kevin’s website where he has tons of awesome resources and content.And keep up to date with Kevin’s company Sunrise Capital Investors.Until next time gang! AJ

Kevin Bupp invested in his first piece of real estate when he was just 20 years old, after meeting a mentor who was leading the life Kevin wanted for himself. Over the 8 years following that, he continued to amass hundreds and hundreds of properties in his portfolio...until he lost it all in the Great Recession of 2008.The ensuing years were incredibly tough, and Kevin almost threw in the towel. That is, until he discovered a recession-resistant asset class and began to rebuild his business from the ground up. This time, he created a business that would weather any storm, including the current COVID-19 pandemic.In this episode, Kevin shares with us his experience of profound loss in the 2008 recession, what he learned from that experience, what he’s doing differently now in his business, why he invests in mobile home parks, how he’s navigating the COVID-19 pandemic, and what you should do to ensure you’re poised for the massive opportunities coming up.--WHAT TO LISTEN FORThe story of how Kevin started out in real estate, and how he eventually found his way to mobile home parksHow Kevin lost his 1,000-property portfolio in the 2008 recession and what he did to pick up the piecesWhy mobile home parks can be such a great, recession-resistant investmentThe current performance of Kevin’s mobile home park investments in the COVID-19 pandemic and how he plans to navigate the next recession Kevin’s recommendations for what YOU should do to prepare yourself for the opportunities that will arise in the coming months and years--RESOURCES FROM THIS EPISODEKevinBupp.comSunrise Capital InvestorsMy Sunrise CommunityReal Estate Investing for Cash Flow Podcast--CONNECT WITH USTo connect with Annie and Julie, as well as with other Investing For Good listeners, and to get the latest scoop on new and upcoming episodes, join the Investing For Good Podcast Community on Facebook.To learn more about real estate syndication investment opportunities, join the Goodegg Investor Club.Be sure to also grab your free copy of the Investing For Good book (just pay S&H).--Thanks for listening, and until next time, keep investing for good!

How can you prepare your business for longterm success in the midst of a crisis? In this preview from the Grow And Scale Now Summit with Kevin Bupp, Kevin shares what his company is doing to prepare for the worst-case-scenario.   Kevin is the chief executive officer at Sunrise Capital Investors. A proven success in several facets of real estate investing and entrepreneurship, Kevin has over $40mm of real estate transactions under his belt. This extensive investment experience makes Kevin proficient in marketing, underwriting, negotiating, structuring the deal, performing due diligence, and closing on commercial property. Kevin has become an industry leader in real estate investing education. Over half a million people seeking real estate advice download Kevin’s Podcasts on an annual basis. Websites: https://www.kevinbupp.com/ https://sunrisecapitalinvestors.com/ Claim Your Free Ticket For The Grow And Scale Now Summit! https://growandscalenow.com/ Register now for the Scale Now Retreat: http://chantelray.com/retreat Chantel: https://www.instagram.com/thechantelray/  This episode is brought to you by Simpronto! Get your podcast edited, launched, and produced SIMPLY PRONTO with their services: http://simpronto.com/ For more resources, visit http://www.reallifeleaders.com/podcast Have a leadership question you want answered? Email podcast@reallifeleaders.com and you might even be in an episode!

I hope all of you are safe and healthy.  Here in Michigan we are on lockdown, and wherever you are in the world I hope you’re doing well and taking this coronavirus pandemic seriously. There is no way to discuss real estate right now without admitting that every asset-class will be impacted heavily.  Today I’m talking with Kevin Bupp about his investments in mobile home parks across the United States to find out how he believes they’ll hold up in this new economic reality.  Kevin is going to share the high-level conversations he’s been having with his team and the processes they’ve put in place to help their residents who suddenly find themselves unable to pay their rent. We’ll also be discussing Parking Lots as an Asset Class.  Kevin is going to share why they’re such an under-appreciated & over-looked asset, the economics of owning them, and how he’s finding Mom & Pop type operators who are willing to sell them. Kevin is the Founder & CEO of Sunrise Capital Investors and he has over 16 years of experience and over $100 Million in transactions.  He teaches others how to invest in mobile home parks through his Mobile Home Academy and he also hosts the very popular podcast “The Real Estate Investing for Cash Flow Podcast”.  If you’re looking for a deep dive into the in’s & out’s of mobile home park investing you can listen to my previous conversation with Kevin on episode #181 of this show.  You can find out more about Kevin by going to https://www.kevinbupp.com

With the increasing demands for affordable housing, mobile home parks are a very interesting asset to consider. The term mobile home is misleading, and today our guest Kevin Bupp explains why. Listen along to learn why this asset class is unique in several ways, including the misconceptions and stereotypes that make this asset the only class within real estate that has a diminishing supply – and precisely how to use that for a strategic investing advantage! Asset: Kevin’s background began with single family homes, then multifamily, and has now evolved to a heavy focus in mobile home parks. Listen along to learn why he’s selected this asset class to focus on and the surprising advantages it’s afforded his portfolio. Process: With an asset class in diminishing supply, identifying and securing opportunities for mobile home parks can be quite a challenge. Listen along to learn how to find these opportunities, what criteria to evaluate for investment potential, and how to best navigate potential deals to close. Strategy: Similar to multifamily, value-add strategies are also very effective in mobile home parks, with a unique application for long-term holds. Listen along to learn why this strategy is especially helpful for cash flow and what some of the basic steps are to begin implementing it. Don’t forget your new FREE monthly resource: Breaking Down the LOI: https://www.ellieperlman.com/resources Kevin’s Bio: Kevin Bupp is the CEO of Sunrise Capital Investors, as well as the Principal of Kevin Bupp Companies. With over 20 years of experience, Kevin has acquired over $100M of commercial and residential projects and now educates investors on locating, acquiring, and creating “higher than average” returns through Mobile Home Park Investing. He shares his expertise through the Mobile Home Academy, and is also the host of “Investing for Cashflow” Podcast. In addition to his Real Estate endeavors, Kevin is passionate about giving back. He is the founder of several charitable organizations, including founded RunningforBrews.com (a social running club with more than 10,000 active members) and “72 Hours to Key West,” (an annual 280-mile bike ride) benefitting impoverished families during the holidays. How to Contact Kevin: Website: https://sunrisecapitalinvestors.com/

Welcome to the Multi-FAMILY zone podcast, where business meets family. The hosts of the show, Julia and Gino Barbaro, have been married for over twenty years, and have six children.    Julia homeschools the children, and recently became a marriage and life coach to help couples become better communicators and help enrich their lives.  The couple is constantly asked about how they balance their entrepreneurial and real estate journey while raising their kids. The Multi-FAMILY zone was created to address these questions, along with a host of questions from the Jake and Gino community.    In this episode, Gino and Julia talk to Kevin Bupp. He is the Founder & CEO of Sunrise Capital Investors, which invests in mobile home parks, parking lots, apartments, offices, and single family homes all across the US. He has 16 years of experience in educating investors to locate, acquire, and create “higher than average” returns from the widely misunderstood niche of mobile home park investing. He shares his expertise through the Mobile Home Academy and also as the host of The Real Estate Investing for Cashflow Podcast, which has become one of the hottest real estate podcasts on iTunes.   Find him at: www.KevinBupp.com www.sunrisecapitalinvestors.com www.mysunrisecommunity.com     Questions or comments? Email us at juliabarbaro@gmail.com

Kevin Bupp is the Founder & CEO of Sunrise Capital Investors, which invests in mobile home parks, apartments, offices, and single family homes all across the US.  As Kevin relates the competition to purchase mobile home parks has increased greatly over the past few years. Kevin has come up on a new area to invest - parking lots. The annual returns average 6 - 7%. Cash flow increases over time with higher rates and inflation. And hopefully the lots will appreciate as well, so you're basically getting paid to wait. An interesting opportunity. 

Kevin Bupp is the Founder & CEO of Sunrise Capital Investors, which invests in mobile home parks, apartments, offices, and single family homes all across the US.  As Kevin relates the competition to purchase mobile home parks has increased greatly over the past few years. Kevin has come up on a new area to invest - parking lots. The annual returns average 6 - 7%. Cash flow increases over time with higher rates and inflation. And hopefully the lots will appreciate as well, so you're basically getting paid to wait. An interesting opportunity. 

James: Hi, listeners and audience, this is James Kandasamy from Achieve Wealth True Valued Real Estate Investing Podcast. Last week, we had Rich Fishman(?) with 8,000 units. Almost half of which he owns by himself and he had bought over 20 years across five to six different states. And he gave us an outstanding overview of what happened during the crash of 2008. Was it true that everybody needs a roof above their heads? And that's what a lot of gurus are telling us in multifamily or is it true that multifamily has the lowest default rate? You will definitely need to listen to that podcast. Because he went through the whole downturn with all his multifamily(s) and came back up after the cycle and he gave a lot of awesome perspectives. Today, we have Kevin Bob. Hey Kevin, do you want to introduce yourself? Kevin: Hey James, I'm excited to be here. Yeah, I'll give you the quick overview for sure. So, I have been investing full time in real estate going for on 20 years now and I got started like a lot of folks did with single-family investments. It was just what my mentor was doing. It's what he was good at and what he taught me and so I didn't reinvent the wheel. I did exactly what he told me to do and that evolved into multifamily investments and other types of commercial real estate. That led me up to the crash of 2008. That's a very challenging time. It kind of was reborn in 2011, 2012 and was introduced then to mobile home parks. Which is what we focus on today. So, for the past seven years now, we've been solely focused on mobile home communities. We own parks in thirteen different places throughout the US and that's our niche of choice as of now. James: Awesome. Awesome. I mean, Kevin is being very humble. So, just to give you guys some background when I was in my W2 job, one of the first podcasts that I listened to was Kevin's podcast. I mean, the podcast is called Real Estate Investing for Cash Flow With Kevin Bob and it's an awesome podcast. It focuses a lot on commercial real estate and I really learned a lot when I was in W2 and I was listening to it in the car. Are you still doing the podcast, Kevin? Kevin: I am. Absolutely. I do two podcasts. So, I do the Real Estate Investing for Cash Flow Podcast and then about three and a half years ago I thought it was a good idea to start a second podcast as if I wasn't busy enough already. And I started the Mobile Home Park Investing Podcast, which is specific to that topic. James: Got it. Got it. Kevin: James, I remember the first day we met. Not to interrupt you but I always joke with you every time I see you because I got a weird memory. I forget a lot of things but I remember the odd things and I do those free Friday calls. I've been doing it for like five years now. And I remember that's how you and I originally met. It was during one of those 30-minute calls on a Friday and I don't recall why I remember this part of our call but I had been making lunch with my Bluetooth in while we were talking about a multifamily deal that you were taking down in San Antonio, Texas. James: Yeah, it was my second deal. I was buying 174 and have you found it on our yellow letter marketing campaign. It is very interesting because when you had your podcast, you announced it that you're giving thirty minutes of your time and I was like, ‘Wow, that's awesome. I'm going to talk to a celebrity.’ Right now, I do offer like fifteen minutes of my time for whoever wants to talk to me. You just have to send me an email at jamesatachieveinvestmentgroup.com. We're not big celebrities.  We're just normal people. Kevin: I get as much value from those calls as the person on the other side. That's how I like to think and you just never know who you're going to meet on the other end of the phone, right? I mean, that's how I that's how you and I met. You just never know and so I think that you have to keep that normalcy in your life and I enjoy those calls. I’ve met a lot of great people on the way. James: Surprisingly, I still remember the day you called me and the moment you called me. I'm not sure why but that was like probably five, six years ago. And I don't remember my other calls. Kevin:  Yeah, yeah. I have been on for five years. Yeah. James: Yeah, that's awesome. Awesome. So, I mean, I want to dive deeper into mobile home parks. I can see you have like a 150 million real estate transaction. Is it all mobile home park? How many parks do you own right now? And can you give those kinds of details? Kevin: No, we don't have. Our current portfolios are not 150 million. That's just that's like my transaction for the principal. You know, investments over the years. James: Thanks for being honest, Kevin. Because a lot of people misuse those big numbers to do their marketing and then we find out they don't have anything. They're probably on a passive investor and that's really awesome that you're being very upfront with that. Kevin: Yeah, I’m the majority principal in the parks we own as far as on the GP side and things like that. So, we'll get that clarity out there as well. James: Awesome. Kevin: We're not really sellers. So, to answer your questions about what we own today. We've been teetering around like the 2,000 mark. We go above it. We go below. We have a park that going to be closed in a week and a half. We sold a park earlier this year and then we're going be selling one in probably February next year. That's in contract currently. We got one that we're closing on in 45 days, which is 215 lots and so we keep teetering around this 1900-2000 mark. We've really been evolving our portfolio by selling off some of the smaller properties and by selling off some of the properties that we don't really have an interest in scaling in a particular marketplace or maybe it's just one that just doesn't fit our model moving forward. I don't know how else to answer it other than that. So, that's where we're at today. We're really long-term cash flow investors, though. That really is our business model. It just as far as the selling side of things I like to take advantage of an opportunity when it arises. That's one thing I did not do before 2008. I never would sell anything and it came back to bite me at that point. So, I am not a seller. However, I will sell when the timings right the price is right. James: Yeah. Yeah. Let's talk about that experience. Because I heard about that in your podcast and so you are doing single-family homes before 2008 and you were doing very well. Kevin: And multifamily but mostly single-family was our focus. That was our business model. It's what we were very competent at. We had acquired a few hundred multifamily doors over the years almost by accident. We didn't really put much effort into it because deals would just come our way like small multifamily stuff. Thirty-six units forty-eight-unit type properties that we just kind of threw into our rental pool. However, the biggest part of our model and the thing that took the most time and energy was a single-family. You know, buying the single-family rental properties and managing a portfolio across multiple different counties was just very inefficient. And it's unfortunate because I think we just got very complacent with our model. You know, we were we felt we were really good at it and we never took the time to be honest with ourselves about how inefficient that was and that we should have just taken our efforts and converted them over to multifamily at that given moment. I think that we would have fared through the downturn a lot better. The single-family properties… it wasn't really the single family that sunk us during the downturn. It was a whole mixture of ingredients. You know, Florida was ground zero for the crash. A lot of our properties, not only did they lose within a year but they also were upside down. Our leverage point on the front side was originally somewhere in between the 65% to 68% range. So, we were very low leverage. Most of them were upside down underwater within a year. Another big thing in Florida that really was a major impact on us was there were a lot of speculative single-family builds happening back then. I don't know if you remember back in that heyday. I guess you could say that was back when a new build property in like Vegas or Phoenix or Southwest Florida would literally flip three times before it was ever even occupied. Before it was ever finished. It was crazy. There was like thousands of new home builds happening in Southwest Florida for a population that wasn't really coming in. So, the big nail in the coffin for us back then was a lot of these builders that had these properties who weren't selling and they started renting them out. And so now, they started pulling the populations away from our rental properties and they offered better incentives. Because what they had was a new product. So, we had an occupancy issue. We were under wonder water value and like it's just a perfect storm and it was ugly. It wasn't fun at all. And the banks at that point weren’t willing to work with us. This was like a year within entering into this downturn. The banks didn't have loss mitigation departments. They weren't prepared for this and so we struggled with a majority of our lenders to even do work out deals or loan modifications. James: Yeah, I read some books about how the lenders can be nasty during the downturn but now they're super nice. Kevin: I think they got a lot more flexible. Because they had to. In the first year of the downturn, no one knew how bad it was really going to get. It was like ‘Are we at the bottom? Are we at the bottom?’ I feel like that question was asked for many years before it's like, ‘wow, it's 2011 and it's still messed up like things are still fairly bad.’ You know, I think it took the bank's a while to realize that and they even put the infrastructure in place to manage all these defaults. It was a disaster for the banks as well. I mean, they had more defaults than… they had to build entire departments within their companies to manage this onslaught of default. So yeah, it was a challenging time for everybody. James: Do you think you could have done better if you had a lot of non-recourse loans? Kevin: Yeah, absolutely. I mean, as far as my personal assets being attacked and things of that nature absolutely. And I think there is also a lot more flexibility with the non-recourse lenders to work with a borrower because they have quite a bit of leverage. You know, another thing that hurt us pretty badly on our part was a lot of our apartment properties and a lot of the commercial loans and a lot of times we would package up like eight to ten or twelve single-family properties and put a commercial loan on and it takes money out. That was kind of our model. A lot of that debt was shorter-term recourse debt. It was five years,you know, either resets or five-year balloons, twenty-year [inaudible10:23]. What happens we didn’t default on multifamily. However, after all the credits were going bad on the single-family stuff and we started having issues there. We couldn't get new loans when the time came due for them a couple of years later. We couldn't get any debt in place. We had to sell things for basically fire sale prices and give them away. We basically either gave it back to the bank or did some minor workouts, did short sales or had to sell at fire-sale prices. It is what it is. I learned a lot from that period and things move on and I've learned a lot from it. And I think I'm a stronger investor and a better investor nowadays because of it. James: Absolutely. Absolutely. So, you brought up three or four cities that are very, very high growth right now.  We’re at the late stage of this cycle. Which is similar to 2008 before that. They are Phoenix, Las Vegas and Florida, right. So, do you think we're in the same stage right now because they are one of the highest growth rental rates for multifamily? I would say I'm not sure how much you would be able to compare multifamily at that time.    Kevin: I think the reasons behind the crash back then are a little different. I mean, back then the lenders were so loosey-goosey. Because anyone could get a loan and I mean anyone. Even a waiter who just started the job yesterday. Who had no provable income could get a loan on a property. You know that that's one thing that hasn't gone back to the way it used to be, lending restrictions are still very tight. So, I don't think that we have that fear. I'm not an economist and by no means am I an expert here but I don't think our fear should be related to anything that was similar to back in the 2007, 2008 crisis and what caused that. So, I'm not sure what it could be. I know that there's a huge demand for multifamily. There’s a pent-up demand for supply still in a lot of these markets based on population growth. I think that the bigger risk lies and like A class stuff or like some new developments as far as like, you know, the game of musical chairs. It’s about who's ultimately left holding the bag. I think that what you do as far as like BNC grade apartment complexes are very similar to our business and that as long as you provide a clean, safe and high-quality product at affordable prices. There's always going to be a demand for it no matter what happens. I'm a firm believer in that and that's played out time and time and time again and that you were making mention of the last guest you had on. I'm going to give listen to the show but what was his take? You know, what did he tell you was the ultimate outcome of his multifamily holdings through that downturn? James: Yeah, it was very hard for him during that downturn. I mean, He has to cut down a lot of it and if I remember correctly the default rate was pretty high. It was like almost 8% where a lot of people did lose their property to the banks. Kevin: I wonder if that was because they were over leveraged but I'm not talking about him though. I was talking about the operators. See that's it leading up to that recession and the last time people were overpaying for apartment complexes and if you recall one of the big the big hot trends were buying an apartment and doing a condo conversion. So, you saw people buying apartment complexes for valuations that had no relative nature to the actual NOI that was in place. It was all based on a pro forma exiting out as individual condos and a lot of those condo things failed miserably. Anyway, how did the guy you interviewed fare? James: I think he was not talking about condo conversion. He was just talking… Kevin: I mean as far as multifamily investments. How did he fare? How did his investment go? James: He did say that it was pretty bad for him and for a lot his friends and who were buying at that time. Kevin: Specific markets or…? James: Across the country and he has been down twenty years right now. I mean, he has like a thousand units right now. The key thing is I mean everybody says ‘everybody needs a roof over their head.’  But he's a says that people become creative on how to get a roof above that they’re head. They double up. They live in their basement. So, it's not like everybody's going… Kevin: Yeah. Well, I think another thing that changes is  the quality of your prospect changes as well. You know, people lose their jobs. People miss payments on their credit cards.  They get bad credit. They get into this revolving cycle or downward spiral. And so, although everyone does need a roof over your head, the quality of that prospect might change. It might actually deteriorate over time but what you can really get to fill that unit which a lower quality resident typically is going to equate in a higher turnover, rate higher expense and maintenance costs associated with running that property. So, I think that there are other factors that are derivative of a downturn  even though everyone does really need a roof over their head. James: Do you think the optimism that you had or the entire market had before 2008 crash like in 2006…  I'm sure everybody was optimistic. Nobody knew about the subprime mortgage. Because nobody really knew in detail, right? Do you think that the optimism that people had during those few years before the crash is the same as now? Kevin: There's some Deja vu that I've had and I think maybe a lot of that has to do with even just watching like social media feeds and things of that nature. A lot of the kudos and congrats are given to folks just because they like buy a property and that’s only a part of it. James: They just started running. They haven’t done the marathon yet. Kevin:  It not what it looks like today but it’s can you execute the plan accordingly? What does it look like three years from now? Because you bought something doesn't mean that you've won yet. It's easy enough to get on the front side. So, that's a different form of that optimism. James: Social media has increased the FOMO syndrome. Kevin: Yeah, that's it. Success seems to be equated on social media to actually just doing a deal. Whatever it means to get the deal done: overpaying for it, over raising investor capital, putting capital your investors capital risk. I mean buying bad markets and I think that was a very similar sentiment that was shared by a lot of people back prior to the crash. ‘If we don't buy now, there's like anything left. We’re going to get priced out of every market and then will never own real estate. Let's buy whatever we can. Let's get that 95% loan.’ So again, the lending standards have not gone back to what they were then. Which was a big cause of that crash. But I do think that there's some Deja vu that I've had.  You know, the FOMO thing… the fear that you’re missing out, that's real. We've seen things be much more competitive over the past year. We bought nine properties last year and we wound up buying two this year. So, we did get side-tracked a little bit this year with building a property management company. And we that's another discussion but even then, I don't think we would have bought more than maybe three or four properties. If that was our sole focus but we're very conservative. I think we had seven or eight deals in contracts that we ended up killing… for various reasons.  There just a lot of hairy things out there and you can make money with hairy deals but you got to really know what you're getting a deal go to. James: Yeah, exactly. I mean, that the experience of going through the crash will make you’re really a conservative person, right? Because people have never gone through it [inaudible17:59] including me. I didn't go through it. So, I didn't know how painful it was, right?  But I do read a lot of publications and try to feel the fear at that time. I mean, you can be too much of an optimist. I'm not so engaged in the height of optimism right now. So, you did single family and you went through this 2008 crash and suddenly you started doing mobile home park. Why that mobile home park asset class and why not go back to the single-family apartments? Kevin: Well, it's a great question. So, I answer the second part of that question first about why not go back to like single family properties. You know, I finally had an internal point of reflection probably like two years after the crash started. There were a couple years where it was pretty challenging to even think about what was happening in my life. So, there were a couple years, I don't like to say that I put my head in the sand and buried it. But somewhere around, 2010 to 2011 I would go through like a reflection point in my life where I tried to look back and just really be honest myself like, ‘what I should have done differently.’ What I ultimately felt went wrong and I came to a quick realization and I kind of knew it back then.  You know, you're comfortable and complacent you know we should have made the switch. Our model is very inefficient with the single-family properties. You know, running multiple maintenance crews and management crews amongst many different counties. You know, having a home here, a home over there, home over there, hundred something that way. It was incredibly inefficient and it was very hard to scale. You know like just going out and trying to buy one by one by one and buying a hundred and twenty, a hundred and fifty, two hundred single family properties is a lot of work. That’s two hundred individual closings. That takes a lot of effort to make that happen. And you'll being honest with myself, I knew that those same efforts could have been multiplied like 10 x but by actually putting that effort into multifamily and that multifamily is much more efficient to operate. It could truly provide that cash flow and help me get back on top much faster than trying to go back into the single-family space. I didn't have an interest in the single-family. It was what I was taught at a young age and I rolled with it and I did really well with it. And then now, I felt more grown-up and it was time to make a big change in my life and I knew multifamily is going be it. And so I went on this exploration journey, knowing that it was going to be multifamily. What I wanted to do, James, I wanted to go back and talk to everyone. I went on a six-month binge of interviewing and talking to everyone I could, locally and on the phone, who have either been in the multifamily and made it through the crash and you'll just get a sense from them how things have changed today?  How the landscape has changed? I always spoke to those who just got their start. You know, what's their perceived notion of the next couple of years? What the lending environment look like? Where are they finding opportunities? Where was the risk? I just wanted to get an update because I basically stepped away for years from real estate. And things had changed over those three or four years, right? And during this period, I was introduced to a guy named Randy through a mutual friend. And Randy had mobile home parks here in Florida. He owned three of them. He had been a banker for thirty years and I like meeting new people. So, I said ‘let's grab lunch. You’re local to me. So, let's grab lunch.’ And we did. I didn't go there with the intent of like, ‘I want to learn about mobile home parks.’ I just wanted to meet someone new who had been quite successful in their life. And that after like a two-hour lunch with Randy I walked away, saying ‘I'm going to buy a mobile home park.’ I need to either prove or disprove all these great things that Randy had to say about this niche and this asset class. And that's what I did. It took me about 12 months.  I bought a park up in Atlanta. We still own it today. It was a small part of a highly distressed Park and I bought that one and then I bought a second one and I bought a third one. I just spent a couple of years of my own money proving the concept. And then ultimately once we proved the concept and went full cycle on a few things. I went out and actually built a business out of it.  Where we started hiring multiple team members and investors into the game and that's where we're at today. James: What were the top three ‘aha’ moments from that discussion with Randy in that one-hour lunch that you had with him? Kevin: Yeah, and this isn't to compare multifamily to mobile home parks. I mean, but this is what he told me. This is how his conversation went with me. He was like ‘You know, the bottom line being C class apartment complex is great. Everyone needs to roof over their head.’ Just like we talked about. Affordable housing is in high demand and that demand… James: And what year was this? Kevin: This is in 2011. James:  2011 which is supposed to be one of the lowest and best times to buy. I guess, right? Kevin: Yeah, absolutely. Absolutely and so he went on to say that one of the big challenges with multifamily that he found in his career, and he wasn't a multifamily guy but from a theoretical standpoint was the turnover and you're turning 50 to 60% of your tenant base every 12 to 18 months. In mobile home parks, he's like, ‘95% of our residents owner their homes and it costs a lot of money for them to move their homes.’ So typically what happens, Kevin, is if they want to sell that home or they want to go somewhere else move. They don't move their homes. They just put their home up for sale and they move and go buy a home somewhere else. And basically, you never lose that lot rent. That lot rent continues to come in day after day and you don't have that down period like you might have an apartment and you don't have to that make-ready costs like you might have an apartment. So, that was one of the big ones. Another big one that really piqued my interest was the just really the barrier to entry and that there's really no new supply coming in the marketplace. You know, municipalities don't like our asset class. It's got a bad stigma attached to it. And so, no new parks being built and so if you find a good quality park in a great market, you don't have to worry about competition coming down the road. It’s not going to happen. It's just not a chance of it happening. James: It's not like a straightaway somebody can just come and build something in front of you. Kevin: Right. Right. Exactly. So, that was a big one. I liked that and then another big thing that he sold me on was just the management side of things. You know when the residents own their own homes you're not maintaining the roof, you’re not maintaining their plumbing, you're not maintaining their electrical. You’re not maintaining anything whatsoever that happens to their unit. They just like a homeowner, they call that vendor. They call the HVC company. They call the roofer. They call the plumber to fix it. You're not in charge of that. Our only requirement is to maintain the infrastructure. So, the roads, the water and sewer lines leading to the houses and the electrical infrastructure and that's pretty much it. And so I was like, ‘Wow, that's interesting.’ So, like low turnover, fairly lower management responsibility and very rarely is there ever a point in time where you have a down unit or a lot that's not paying you rent. So, the fourth, you asked me for three but the fourth big thing that really sold me on it was He's like Kevin there's a lot of first- and second-generation park owners still out there. Either they built these parks or their father built these parks and now they're aging out. All of these parks were built in the 50s and 60s and 70s and these owners are getting very old. You know, like five years ago the statistics were that 85% of Park owners only owned one Park. And so, to me that means they're a mom and pop, right? They're not a big professional or institutional operator. And so, his point that he made was that these individuals have been working these parks not like you or  I, where we run them like a professional company,  but with their bare hands. They are working these things from day to day. And they're either getting old or their health is becoming an issue. They're getting tired and they're aging out of these things at a very fast rate. And so, there's the opportunity to get in and run it like a professional. You know, get markets up to the market rate in the area and run it more efficiently and do a better job of collections and whatever they might be doing wrong there. So, that was a big thing that piqued my interest as well is working through that ‘mom and pop’ generation and finding opportunities that had a lot of meat left on the bone. Those were the big ones he threw at me and many others as well. But those are some of the big ones that just really sold me. I was like, ‘I’ve got to learn more about this.’ James: Yeah, that's awesome. When I learned about mobile home park, I went for like some three-day class and I really learned it. I love it. I mean, it's a really good asset class and I didn't want to do it because I believe in focus. I mean sometimes as entrepreneurs, we are like, ‘Oh, mobile. Oh, that's so cool. The self-storage let's go do this.’ Kevin: Shiny objects. James: And I realized that to be really good at something you have to have focus. So, that's the one thing I wrote in my book, right? Whenever a passive investor chooses your sponsor make sure that your sponsors focusing maximum to asset class. There are so many details in this asset class but with this market being hard a jack of all trades can’t really make money. Kevin: True. James: Some of their mobile home parks are a bit small, right? I mean, it used to be like 3 million for like a hundred parks or something like that. So, we were like all in doing like large deals and we thought, ‘Okay, we're just going to stick with apartments and stay focus and make sure we get good at it.’ So, that's important, I think. And so, at a very high level can you explain how the cash flow is generated in a mobile home park? Kevin: Yeah, absolutely. It's pretty straightforward. You know, we own the entire community and in a perfect world, this is how we’d like to own the community, where we own zero of the home. So, let's just give an example: we have 149 space mobile home park in Buffalo, New York. In that community, we own zero of the homes that are in there. There are 140 of those lots that are occupied with residents. Who again, they own their roof above their head and they pay us on average $428 a month in lot rent. They also pay their water and sewer; you bill it back for the trash usage. So basically, our job in that community is to maintain the roads and make road improvements as necessary. We cut the common areas of the grass. We trim trees throughout the community. Just making sure that the community or the subdivision is up kept and their responsibility is to pay us for the renting of the lot that they're homes are sitting on. That's it. We make money in that manner. That is the sole source of our revenue. Now I’d say, ‘In a perfect world, we don't own the homes.’ Unfortunate, we're not in a perfect world, James, are we? So, we have our portfolio of approximately two thousand lots that we own and it changes every day. In somewhere between two hundred and fifty and two hundred and seventy of the mobile homes and some parks we own zero homes and in other parks around twenty. It just really depends on how that older owner who we bought it from was operating it. And so, our goal with those homes that we own is to get out of the ownership as fast as possible. And so, what that means to us is that we'll go in and we'll do a very nice builder-grade renovation on them. We’ll sure make everything is operating as it should and make them look good and ultimately try to sell them at a breakeven or we'll even lose money on the homes if we can find a cash buyer, who will come in and purchase. Who we know once they own it outright that they will be a very sticky resident and they'll end up staying there for a very, very long time. And so, our goal is really good to get it back to the lot rental model. Because at that point our management and our maintenance responsibilities are incredibly minimal. James: Yeah, let me try to summarize this for the audience. It’s like a parking lot for a car, right? But it’s Just a car that doesn't have a wheel to move. Kevin: We’re the home parking lot specialists. James: You make a lot of money, right? Because I just own the land, right. The earth is one of the best business on earth. Kevin: Yeah, that's a good way to put it. We are definitely a parking lot.  Except the homes are very expensive to move… I don't want to say that's a great thing about our resident base because that's not the best way to put it. But typically we cater to workforce housing. That's what we have. You know, so good hard-working blue-collar folks. And the average single-wide cost about 5-6000 to move and reset in another the community and a double-wide 10-12,000 and the average folks who live in our communities do the average do not have that type of money lying around to move their home but some of them. And so normally, like I said what happens is that they sell it. Just like you would sell a stick-built home. They put it up for sale and someone else buys it and that person comes in and takes over the lot rent responsibility. So, it's a beautiful thing. James: Yeah, it's a beautiful thing. So, just in terms of the lot itself are there any other issues with the city? Or do you just own the whole lot? Kevin: Issues with the city meaning…? James: So basically, you own the entire park. So, that whole thing is an SL real estate, right. Kevin: That's correct. James: The city doesn't own any of the things inside. Kevin: Sometimes, every park is a little different. We have a few communities where the main road going through it is owned by the town or the city and we own the park. So, they maintain that one road. We have other communities where the water company direct build the water and sewer lines. So, when that park was built the local municipality handled the water and sewer and they literally put the lines and they own them. And we're not responsible for water leaks or anything like that. In most communities, we own the lines but there are some communities that are just anomalies. They are kind of stand alones, where we don't have to maintain them. Every park is different but normally, we own everything. For the most part, we own everything in the park and we have to maintain it. James: So, do you get a lot of depreciation because you just own the land? Compared to like multifamily? Kevin: You do. You do. You know, we did a bunch of cost ex studies last year and we were actually pretty shocked. In fact, Tom Wheelwright from Rich Dad Advisors… I didn't know that he's good friends with the person who does our cost ex studies. He personally reached out to me because he had never looked at a study from a mobile home park before and she shared one of ours with him. And he's like, ‘You got to come to my show. I'm actually baffled at the amount of depreciation that you guys able to gain.’ So, the infrastructure… So, all the improvements in the land. Most of the value of that property because we're not buying the homes. Most of the value is in the improvements of the properties. Because a lot of our property that we're buying it’s not like a path of progress. I mean, the dirt itself isn't worth the money. It's the infrastructure that's there that is really worth the money. And so I don't want to just off the cuff share with you some of the cost ex studies but it's a fifteen-year depreciation schedule.  And I think we've been able to, on a couple of our deals, depreciate it like upwards of 60% of the actual purchase price within the first year. So pretty significant. James: [inaudible34:57] the bonus depreciation. Kevin: With the bonus depreciation. James:  Got it. Got it. So, is it fifteen years or is it similar to like twenty or fifteen? So, mobile home parks[inaudible], okay. That's something that I didn't know. That's very interesting, Okay. That's really good and what about what is the primary value at the mobile home park? Kevin: Yeah, there are a couple big ones. I kind of classify them as like low hanging fruit, middle hanging fruit and then the high hanging fruit. Which is hard to get to. The low hanging fruit for us are simple operational changes. You know, the heavy payroll. We will go in and…  they’ve basically got their family members and their cousins and their brothers on payroll and we'll go in and chop it down to what it really needs to be. That's very low hanging fruit for us. Some other low hanging fruit for us are just your rent increases. There have been many communities that we have purchased that literally have not had a rent increase in fifteen years or twenty years that’s a long, long time. And so that's very low hanging fruit. Medium hanging fruit to us would be controlling the water and water sewer and other utility expenses. So, a lot of these parks when they were built back in, back in the day, water and sewer weren’t expensive utilities. They just weren't. It was included and was factored into the lot rent. You know, the infrastructure was new back then. So, there weren't leaks or wasn't waste or anything like that. Over time the infrastructure gets older and leaks that happen. People tend to abuse water. Water and sewer are expensive in most parts of the country. And that's normally a very large line on the PNL expense statement. And so, we'll go and we'll basically buy individual water sub-meters. They’re pretty advanced meters that are digital and have remote reads. And then we will install them to a lot and will essentially start building the residents back for their own usage. Proportionately speaking we will do the reads each and every month build them back. So, number one: we'll save anywhere from 20% to 40% of usage because people now get responsible very quickly when have to pay for it. And then they'll all those savings basically good to our bottom line. So, it costs us a little bit of money but typically in a normal-sized Park, we will recoup that entire investment of the water meters within like 12-14 months. It's pretty quick. And then the high hanging fruit of the value-add side is infilling of new homes on to vacant lots and so a lot of communities that we own they might have some vacant lots of them. Some more than others. So, I'll give an example: we buy a mobile home parks 100 lots in size. It's got eighty that are occupied with trailers that are paying. The other twenty they were fully developed when the park was built. They've got infrastructure there. However, they do not have a mobile home sitting on them. We've got dealers license in every state that we own a park in and so we can buy wholesale from the retailers and the manufacturers. And we’ll go buy brand new home inventory and we'll bring it in and will basically create a retail program and find buyers for those homes to infill those lots. So, we'll buy the homes. We’ll bring them in. So, I say that's high hanging fruit because it's very capital intensive. It costs money to purchase a home and that money is tied up until you sell that home. So, there are different programs out there that help you to facilitate that but it's still very capital intensive. And there are a lot of logistics involved with moving homes in and setting them up and things like that. So, those are the big ones of how we add value to communities. James: Got it. Got it and I believe the mobile home park homeowners compared to multifamily which are renters, right? So, it’s a completely different mindset when it comes to pride of ownership. Kevin: That's it. That's it. That's why we try to convert them to a homeowner as fast as possible. I mean, you still have your homeowners who you have to kind of kick in the butt every once in a while, to keep your house in order, to keep the yard in order. We’re pretty strict with our screening processes and for the most part, the homeowners within our communities have pride of ownership and take care of their units quite well. James: Got it. Got it. Got it. So, let's go back to the property management side of it. Because I remember when I was listening to your podcast about five years ago, you were always saying or the apartment guys had it easy. Because they have their own property management. They are more professional. Finally, after five years you are going to be moving your property management company under yourself.  You going to self-manage, right?   James: Yeah. So, you guys do have it easy. All you have to do is pay it and just hand it off. Buy it and... Yeah, joking. I know there's more to it than that. So, up until a little over a year ago, we managed all our own assets in house. And unfortunately, the property management side of any business there's a certain size to where you can actually break even and we were nowhere near that size. And so, it was a losing endeavor for us. And so, sometime in the middle of last year we were introduced to a property management firm…. we’d never considered property management in the mobile home park space. Only because we were always told that the options of the companies that were out there were poor, very poor. And I was told so by many different people, many different veterans of the industry and so we never really explored it. And so, we always manage it ourselves but last year we were in contract to buy a property up in Michigan. It was in receivership and the bank had engaged this management company, a national management company, a property management company that were mobile home park experts in the business forty years. They were engaged to actually manage the day to day of this thing while it was in receivership. We were buying a note on this thing and we got introduced to this property management company. We got to see them in the real world. James: [barking] My dog has been like a... Alright, Kevin. So, one thing that I got to know since a long time ago is apartments have an easy way of getting into third party property management and buying it and giving it to third party property management. More recently, you have been trying to get your own property management company or maybe you already done it. So, can you explain why that is? Kevin: Yeah. Yeah. So, in our space it is not the norm to hand off to a third-party management company. I think we're like the redheaded stepchild or the anomaly of the real estate industry. Because pretty much every other asset class multifamily, office, retail, all of them have multinational property management companies and lots to choose from, right. They can choose from many different people in the space, best in class things of that nature. I had always been told in the mobile home park space by many industry veterans that it just doesn't exist here that there are only a handful of property management companies and most of them aren't very good. So basically, in the initial years of us owning parks, we managed it ourselves. However, in order to build an appropriate property management company that's profitable, you have to have a certain scale and we were never there two years ago. We just weren't large enough. And so, it was kind of a losing endeavour for us. We're okay with it. But it was prohibiting our ability to grow at the scale that we wanted to. We were good at finding great opportunities and we were good at raising capital. The roadblock was actually the operations of all these different parks were buying.   And so just by happenstance, we were buying a note on a distressed property up in Michigan and it was in receivership. And during that transaction, we got introduced to the management company that was running the show and it was this large group. They've been in this space for 40 years. They are the largest fee manager in our business and they've had a footprint nationwide. And I saw them first-hand and it seemed like they were doing a great job within the first couple of months of us being introduced to them and of them managing this asset that was not yet ours. And so, I flew up and met their team and flew my team up to meet their team. I got to see their operations. I got to learn about them and everything seemed great. I mean, I was impressed. Again, they had a lot of experience… way more experienced than us in this business. They knew everyone in the industry. They knew all the intricacies of the business. They had different departments to manage those things whereas we were basically were trying to wear a million different hats. And it seemed like a perfect match made in heaven. And so, after another month or two of kind of testing them out on this asset. We were buying this and we said ‘You know, let's hand them the majority of our properties and let's see how they do.’ And we kind of did it like two different chunks. And long story short, they're great guys. However, no one's going to ever manage your property like you would. No one's ever going to care as much as you do. And so within four or five months, we started seeing some pretty readily available signs that things were not going as planned. The promises weren't coming true. You know, decisions that should have taken three minutes to make were taking three months to make. Everything was moving like a snail's pace and nothing was getting done and we were actually regressing and it was frustrating. However, what happened during these first six months of us being with them is that we literally acquired like another nine properties. So, we doubled in size. So, unfortunately, it wasn't as easy as us making a decision saying, ‘Hey, we're going to give you our thirty-day notice and we're going to take it back in house.’ Because we surely did not have the infrastructure now to actually manage our assets because we literally doubled in size in a short period of time. And so over the last six months, we've been kind of behind the scenes building out a legitimate property management company with systems and processes and in hiring new team members. We didn't want to bring it back in and fumble. We want to make sure that we brought it back in, we basically built our own best in class operation that we could do it better than anyone else. Whether it be for ourselves or current assets or new assets that we were buying. If we woke up one day and we ended up going crazy. We thought that we wanted to do a third-party management for other people that we would be best in class. I don't think that's going to happen. But that's what we've done over the last five or six months and that's actually side-tracked some of our acquisitions we've only bought two properties this year. We probably could have bought a lot more but anyway I guess long story short, James, is I'm somewhat envious of you guys in the multifamily space. Because there's a bar that set with property management companies and if one company is doing poorly you’ve got other options to go to and typically they kind of keep each other in line a lot of times. And I know that they’re still never going to treat your property like you would yourself personally. However, You've got options and things that might not be working with one company you know that you could probably actually go and get served correctly at another company. We just didn't have that option. We just didn’t have that option. This was the once and done. There were other companies out there but these are the best in class and I'm like, ‘If these are the best in class, we got to build our own. Because there are other options for us.’ That's what we did. We brought it back and so that just happened on November 1st. That’s when we actually truly brought everything that had migrated back in was November 1st. So as of the time of this recording, it was like six weeks ago. James:  Got it. Got it. So yeah, it's a different ballgame, right?  of course, it's going to slow down in terms of acquisitions because now you're also managing the property management. But I think overall, in the long run, it’s much better for you. Right? Kevin: Absolutely, at the end of the day the amazing strides that we've made just in the construction side of our business and the marketing side of our business as far as like sales are concerned…like we've done more in the past two months then was completed in the past year. I'm not even joking. It's been absolutely amazing. So, I'm excited. I’m like, ‘Hey if I'm going to screw up, I want it to be my fault. I don't want it to be someone else's fault that our properties aren't performing.’ I'm okay taking accountability if they're not performing if it's me that's running the ship or driving the ship, right? But if it's another company and they're doing a poor job and we can't control it. I've got issues with that. So, that's kind of where we're at. James:  And I also think that when the market turns people with their own vertical integration will have a lot more leverage in terms of control, right? I mean a lot of property management companies are doing a mediocre job right now but they escape because the markets are super strong right now. Kevin: That's right. The market props everything up. James:  When the market turns then we will know how good they are. Because now we have to be answerable to our investors and we have to go to third party. So, one other thing that I want to touch on about the way you do business a lot of times you raise money and not deal by deal but you use fund model. Can you explain what's a ‘fund model’? And why is that beneficial? Kevin: Yeah, to keep it somewhat simple… I mean, it's really not much different than your deal-specific syndications other than the fact that we've got multiple properties that we're putting underneath that fund umbrella versus just one individual property. So, an investor is going to get their investment diversified amongst multiple properties and possibly multiple different markets rather than just one. So, simply put that really is the only true difference between probably how our business operates and how your business operates. The reason that we decided to go that route happened about three years ago…We were going into the end of the year and we had just founded Sunrise Capital Investors. As like a formal company, rather than just me and buying parks on my own. And we had a pretty stout pipeline and a lot of deals kind of fell apart. And we were like, ‘Oh, we only have two deals now. They're going to either going to close January or February next year. This is due to individual deal-specific raises.’ That's fine. And then all sudden like within like two weeks somehow all these other deals came back to life and we all of a sudden had five deals that absolutely looked like they're going to close. We had like four to five money that went hard and anyway we're like, ‘Okay, well now we have five and they're all going to end up dropping like in the same like week or two. Logistically speaking, it'd be an absolute nightmare to try to do five deals specific syndications. Because of the paperwork and logistics behind it and then the legal costs associated with it and that just didn’t make any sense.’ They're going to close right at the same time.  I think there's more of a benefit for our investors to give them diversification amongst all five of these versus just one. You know, one individually. And so we didn't know what the feedback was going to be and we put it out there and it was well-received. So, it was great for us. It gave us a little bit more flexibility on the buying side. Gave them risk diversification amongst multiple different assets and markets and so it's been a win. So, we did really well with that. That was kind of our test fund and you're last, actually about eighteen months ago, we launched our second Fund. Which is a little bit larger fund twenty-million-dollar fund and it did the same thing. So you know, we're a little different, though.  A lot of funds… a lot of institutional funds will go out and they'll get really aggressive. They'll raise all the money. Let's say it's 100-million-dollar fund to go out and raise I'll spend all their time and energy raising 100 million dollars. And once they've got the commitments for, let's say, maybe 75% or maybe more than that. Then they'll actually start going to buy it. You know, once that money's there and the costs of capital is very high. We didn't want the money sitting around idle. And so, we just continued our building our pipeline and we would only bring money in tranches. So, we'd only bring enough in during that fundraising that we actually knew we're going to need or the next like two months to close deals. So, although it was an eighteen-month buying period over the last fund, we would raise it in tranches. Which meant our investor capitalism is sitting around idle, not collecting a return. We weren't occurring pref on money on millions of dollars that were sitting being around idle. And it just held us accountable and it held everyone accountable which I like. Our interests were very much aligned with one another. James:  So, you basically do capital calls whenever you need the money.  Kevin: That’s it. That's it. James:  These are good capital calls, not the other bad capital calls.  Kevin: Right. Exactly. Like the verbal soft commitments are there. And some of them might not come through but the majority of them do.  You know, I think about 5% drop out of folks. James:  So, you basically make a verbal commitment. And when you have a deal, you say now let's make it hard. Kevin: Yeah, absolutely and each one of these two funds that we started, we actually already had deals and contract going into them. So, it wasn't like we were raising a blind pool like, ‘Oh, here's what we're going to do. We're going to raise this much money, and then we're going to buy.’ It's like we got X amount of properties in contract right now. So, while there might be more properties in this fund, you can physically see and see the performers in each one of these. These are going to be properties that are in this fund. So, there's something tangible there. That's another thing so different about us and how we do these funds. We don't go into it blind. Where we're just raising money and then we're going to go do what we say we're going to do. We're actually doing it simultaneously but we've got deals coming in. We've got deals in contract money hard--- James: ‘Semi blind’ I would call it. Kevin: Call it ‘semi-blind.’ That's a perfect way to put it. It sounds like a rock band. James:  Right, right. Right. Alright, Kevin, can you give some advice to people who are trying to start up in this business in real estate or even in mobile home park? Kevin: Yeah. Yeah. Trying to get started up I'd say go try to mute a little bit of social media because everyone's on social media now, but I’d try to mute a little bit of that and go find the one individual girl or gal who is actually doing what you want to do. They can prove to you that they're doing what you want to do.  They're an actual GP. They're not they don't have five thousand units of very minimal shares as an LP and they're touting that. I know that's happening a lot out there. So, you know try to mute all that crap because I know it gives people anxiety. You know, like social media gives people anxiety because they see how everyone else is doing deals and ‘I’m like stuck here I can't get going.’ Just try to mute it out. Silence it and go find the James. Find guys like me.  We're very good with our time. We’re not going to just give everything away for free per se. We only have like so much time today but like find an authentic individual like us,  I don’t want to tout ourselves here, who will actually like give you some real advice that can give you some proper guidance or at least give you some nuggets get on your way and let all that other noise go. Because I think that that that that bottlenecks people a lot. That fear of missing out man. That anxiety creates just this internal turmoil of like, ‘I'm missing out’ and then like you get nothing done right. You’re like, ‘I'm going all these conferences and I'm reading all these books. I'm doing all these things.’ And you feel like a… James:  And you pay big money to some gurus out there. Kevin: Yeah and I think that a lot of folks’ mistake that with like productivity of …attending things like that. It's great. I do it all the time. You do it obviously. We're part of a mastermind together. But like you've actually got to like at some point get granular and you actually have to take some risk and take that leap. It's easier to do when you know someone like you or someone like me or there are other people like us. That one person who you can just kind of lean on and get some general advice from and get the real picture from as well. You know, what's real and what's not.  James:  Absolutely, absolutely. Kevin, why do you do what you do? Kevin: Why I do what I do? I really enjoy it as far as investing in real estate, I really enjoy it. I mean, I love the people I work with. I love our team here. I really enjoy being active and so everyone likes different parts of the deal like as far as what I do I'm not an Excel junkie. Not like my other partner he'll sit in from an Excel platform and run the model many different ways over like five hours. I want to shoot myself when I think of that. I'd rather be out in the field, I like executing on the plan. I like taking something from what it is today and actually seeing the end result of our hard work and effort over a period of six to twelve to eighteen, twenty-four months. And I also like seeing the smiles on the faces of residents. When we take something that's been blighted and actually make improvements to it. Especially folks who have lived there for many years. That's pretty rewarding to be seeing that kind of stuff. Especially, you get the one residence like, ‘God, I’ve been in for twenty years and this place over the last ten years was just scary and I didn't want my family to come over. Now, I have dreamt of the day that it will be the back to its former glory.’ And I like that kind of stuff. So, I like the lifestyle that that real estate provides, right? I get to spend a lot of time with my wife and my kids and friends and family and things like that. James:  Absolutely and was there any proud moment towards your real estate career that you can never forget? That will stay with you.  Is there one proud moment that you were like I’m so proud of myself. Kevin: Yeah, actually there is one. It was the very first mobile home park that we bought. If you got time, I'll tell the story. It's probably two- or three-minutes story but anyway, I'll try to keep it short. We were buying a very, very distressed park in Atlanta, Georgia. It was in a good little town but it was in the southern part of Atlanta. Which was got hit really hard with the recession and was slower to recover because there were a lot of the new developments that were out that way.  Anyway, we're buying this park that had been receivership for two years. It was fairly poor condition. Lots of squatters, all kinds of bad stuff happening there. The chief of police and the mayor's office were right across the street like a catty-corner. They had to drive past this place every day and we got it tied up and it was a small enough town and corporate town that we actually got a meeting with the mayor and this entire city council including the chief and everyone. And we went in there with his grand plan of how we're going to literally spend hundreds of thousands of dollars to clean this place up and to improve it and make it a proud part of their community.  And we gave this big sales pitch to the mayor's like this really tall guy with a bald head and the handlebar mustache. He is a really mean looking guy and this was in Georgia. He had like a rifle on the wall and a fox. He was a  very intimidating guy but he let us talk. Everyone's kind of looking like shaking their heads. I thought we were like getting their acceptance and he let us talk for fifteen minutes and then he looked at us and he said, ‘If you guys buy that park, you're wasting your money.  Get out of my town. I've been trying to shut that thing down for years now and I'm not going to stop until it's completely closed down. So get the hell out of here. Take your money somewhere else.’ So, we walked out of that room and we and I looked at my partner I said, ‘What do you think we should do?’ Because we weren't getting financing, we were paying all cash for this thing, too. Because it wasn't financialable. So, it was like basically all the money we had at that point. We bought it anyway. ‘So, let's buy it. I mean what are they going to do? Listen, let's just show them what we're going to do. I mean, how are they going to truly stop us, right? Let's do what We're going to do. We know we're going to clean the place up. He doesn't believe us but let's prove them wrong.’ We did that cleaned it up. We became really good friends with code enforcement officer that's kind of that was our like our foot in. We got her gift cards and made her like us and it was a very very open with our communication to her. So, if there was ever an issue, we addressed it right away.  Anyway, twelve months later I got a call from Mayor Bobby Carter's that his name and we got a call from him and I answered I didn’t know it him and he said, ‘This is a Mr. Bobby Carter.’ He has a southern accent. He said, ‘I just want to take a moment to apologize. I want to apologize for the way I treated you guys. I want to apologize for thinking that you wouldn't be able to execute on the beautiful plan that you have done over here.’ It was a long apology and he's like, ‘I just want to take a moment today. I've been meaning to call you over the last six months as I've seen progress being made but it's a year later and this place is great and actually, one of my staff members lives there.’ James:  He was holding it off until he had to tell you. Kevin: That was pretty cool. He literally wrote me a letter then he wrote a letter of recommendation to another Mayor who we were having an issue within another state in another town. Basically, saying like, ‘I thought mobile home parks were the problem. I thought this and the other and that's not the case. And these guys proved me wrong.’ And that's pretty cool. I'm pretty proud of that one. James:  Yeah. It's a big change especially with one of your first ones.  Kevin: He was the very first one. James:  You must have been really scared. I like how come the is not behind your back. Kevin: Well, we could lose that money either. I didn't have much at that point. In 2012, I was pretty broke back then. So, I had to make the money work. James:  That must be the fuel that launched your rocket and your motivation I guess. Kevin: Yeah, that's it. James:   So, why don't you tell our audience how to get a hold of you and your company? Kevin: Yeah, the best place to reach me personally is my website, Kevin Bob. You can find me on LinkedIn and Facebook as well. As far as our company if you want to learn what we're doing in the mobile home park space, you go to sunrisecapitalinvestors.com and get signed up there as well. We don't have an offering open today but get signed up. We have a secure portal and get updates from us when you know we have deals coming about and things of that nature. But other than I'm not too hard to track down. So, it’s pretty easy to find me on iTunes. I've got a couple of podcasts as we've mentioned earlier. You can find me in many different places. And now you can also find me on Jame’s show. James:  Yeah. So, thanks for coming. It was an awesome podcast. It was a lot of value that you gave us and I'm happy to have you on my show. Kevin: Thank you. Thanks for having me, James. And it's been a pleasure knowing you. I appreciate all you do with the podcast. I know how much work it is to put these things out. So, thank you for taking the time to get back to everyone. So much appreciated.  

Kevin Bupp is the CEO of Sunrise Capital Investors. An investment company that focuses on the acquisition and re-position of Mobile home parks. Kevin is also the host of Real Estate Investing for Cash Flow Podcast and Mobile Home Park Investing Podcast To learn about our investment strategy and business plan If you’re interested in real estate investing, particularly passive real estate investing Dwaine Clarke has the resources you need to achieve financial freedom and wealth. If you are an accredited investor you can partner with Dwaine in a passive investment opportunity, receiving all the benefits of an active owner without being an active owner. http://passiveinvestorsclub.com/invest-with-us/

Wow, today’s interview is chalked full of so much valuable info! Ever look up to someone and wish you could chat with them for a few minutes? Well today’s a special episode for me because I get that chance! Today I interview long-time real estate investor and podcast host, Kevin Bupp. Kevin started his real estate investing career over 19 years ago in a small town of Pennsylvania. Through family connections Kevin met his soon to be mentor. He walked blindly into a fix and flip conference with his future mentor; from that conference on Kevin decided to fully immerse himself into real estate.  We discuss the importance of actually liking real estate, when times are bad you have to believe in your love of it to carry you through the tough times. We discuss some pros and cons of mobile home park investing. One of the biggest pros is that cities are no longer building mobile home parks which causes a much higher demand than there is supply. These mobile parks also offer one of the cheapest rents you can find; having one of the most economical rents makes it very easy to keep rented during an economic downturn. START chasing your real estate goals! And remember, you don’t have to be great to START, but you have to START to be great! LINKS FROM THE SHOW: *FOR A 15 DAY FREE TRIAL OF BUILDIUM: http://www.chadduval.com/buildium *START FM'S INSTAGRAM: https://www.instagram.com/officialstartfm/ *START FM'S SHOW NOTES: http://chadduval.com/blog/ *CHAD DUVAL'S INSTAGRAM: https://www.instagram.com/iamchadduval/ *SUNRISE CAPITAL INVESTORS: https://sunrisecapitalinvestors.com/ *KEVIN BUPP: https://www.kevinbupp.com/ *MOBILE HOME INVESTING PODCAST: https://tinyurl.com/yxcdtyeg *REAL ESTATE INVESTING FOR CASHFLOW PODCAST: https://tinyurl.com/y45udjwe You can find the transcript of this episode HERE. Transcripts of all episodes can be found HERE.

Kevin Bupp CEO of Sunrise Capital Investors and host of Real Estate Investing For Cash Flow Podcast and The Mobile Home Park Investing Podcast is interviewed in this episode. Follow Adam on Instagram at Ask Adam Torres for up to date information on book releases and tour schedule. Apply to become a featured co-author in one of Adam's upcoming books: https://www.moneymatterstoptips.com/coauthor --- Support this podcast: https://anchor.fm/moneymatters/support

A mobile home park is a fantasy for a lot of people out there. Although the industry is still fragmented, mobile home parks will eventually be recognized as an asset. Kevin Bupp, CEO of Sunrise Capital Investors, is all in for this as he talks about how mobile home parks is the best cashflow vehicle for him. He shares some of his deals – from the best victories he had where he had a park that was beyond his wildest dreams, to the one that hurt him the most. He also talks about the importance of being a problem solver in the industry while giving out the secret to finding distressed properties. Discover more insights about mobile home parks as Kevin shares how it can help you to have a tremendous cashflow.

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

In todays episode of Real Estate Nerds Scott is joined by Kevin Bupp, real estate investor and CEO of Sunrise Capital Investors, to go over his ‘Bad Beat’ which like many investors is the year 2008. Kevin is a wealth of practical knowledge and has been in the real estate market for almost all of […]

Meet Kevin Bupp, a real estate expert, and a CEO of  Sunrise Capital Investors. He is here to tell you more about a slightly different business, mobile home park investment! Learn what to look for when acquiring home parks, how the process of negotiating the purchase differs from buying a single-family house, and the 3 guiding principles for Kevin’s success. 

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

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.

For this episode of The Stark Group LIVE, we are joined by Kevin Bupp. He is the Chief Executive Officer at Sunrise Capital Investors. A proven success in several facets of real estate investing and entrepreneurship, Kevin has over $40mm of real estate transactions under his belt. Brian and Kevin kick off tonight’s show by talking about the demographics and basics of mobile home park investing. Other topics talked about include Kevin’s beginnings on real estate investing, his private real estate coaching, financing for your real estate investments, and how anyone can get into mobile home park investing.

In today's show, we will walk you through the basic steps of creating your own core values and mission statement.  In addition, we share in detail our very own core values here at Sunrise Capital Investors (see below). In its simplest definition, values are the fundamental beliefs of an organization, the guiding principles that dictate how people should behave and act.  A company's values help people know the difference between right and wrong, and they help companies determine if they are on the right path to fulfilling their overall business goals. Our BEDROCK Principles reflect what is truly important to us. These values drive all aspects of our performance: from planning, to marketing, to operating, to finance, to serving our team members & our customers. Our principles have remained consistent since Sunrise was founded, and they are frequently cited as a reason why our employees love working here. These principles do not change from time to time, situation to situation, or person to person. These Bedrock principles are foundational values that truly stand the test of time and shape our company culture.   Sunrise Core Values: Be a Sponge Enjoy the Ride Do the Right Thing Don't be an A-Hole Be ROCK Solid  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 www.MobileHomeParkAcademy.com 

Episode 26: Mobile Home Parks and Passive Income with Kevin Bupp! This week joining us on the podcast we have CEO of Sunrise Capital Investors and host of Real Estate Investing for Cashflow, Kevin Bupp! Kevin is as active in his lifestyle as his is in his career; from marathons and triathlons to owning his own… The post Episode 26: Mobile Home Parks and Passive Income with Kevin Bupp! appeared first on Flipping Real Estate Like The Pros.