#151 with Damian Bergamaschi: Scaling to 1,000 Doorknobs in 18 States

Millennial Millionaire Real Estate Podcast

English - January 08, 2021 18:53 - 50 minutes - 91.8 MB - ★★★★★ - 56 ratings
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Previous Episode: #150 with Wesley Yates: Scaling to 860 Units & 78 Million Through Syndication Partnerships

Next Episode: #152 with Brandon Barnes: Scaling to 7 Figures Without Ever Seeing The Property and His Exact Process To Find Off Market Deals

In this episode, Jonathan Farber interviews Damian Bergamaschi on his path from coming across real estate as a high cash flow investment to establishing multiple mobile home park syndication funds. Damian is a mobile home park investor based in New Jersey. In this episode, we dive into topics like: why to invest in mobile home parks, finding the best markets, finding deals in those markets, and more!

Top Takeaways:

Why mobile homes over any other asset class - 14:30 - 19:30

At a high level, inflation is one of the most reliable financial trends

Residential real estate is tightly correlated with inflation

Financing and returns are both highly reliable for mobile home parks

Identifying markets with the best potential - 20:15 - 24:30

Demographics are the driving force in growing markets

Population growth, especially 30s-40s, probably the single best predictor of housing demand

The increasing incomes created by increasing labor force drives up housing prices

Finding deals in your chosen market - 31:30 - 36:30

Take the optimistic view on why a deal could work instead of why it couldn’t

Use the wholesalers in your area since they’re probably still cheaper than market