Lesson #164: Overpaying for Mobile Home Parks Isn't Always Bad

Kevin Bupp goes explains why looking at the current cap rate of a potential deal for a mobile home park doesn't always show the potential after you take it over and run it properly. After making the mobile home park run more efficiently and getting numbers where they ought to be, the real cap rate can be established. When done properly, even if you overpaid for the park, you still came out well ahead. Do you want to be a real estate investor but need step-by-step guidance to help get you started? The Investor Machine is a 90-day program with training, weekly tasks, bi-weekly group calls, and more! Schedule a free call to discuss your goals today!