BiggerPockets Real Estate Podcast

Over 20 years' experience in mobile home park mastery!

On today’s show, Brandon and David interview Frank Rolfe, an experienced mobile home park investor with TONS of great advice to share—and share he does! You won’t want to miss Frank’s incredible tips for using seller financing to buy parks, staying low risk while scaling, and the beauty of owning “small cities”!

He also gives fantastic advice for making “stakeholders” out of tenants, describes what the perfect mobile home park setup looks like, and discusses how to find pocket listings no one else is seeing. Frank goes on to share the incredible story of how he bought a mobile home park with a wrestling ring in the back and how he sold it for a $1 million profit seven years later!

In addition, he talks about his strategy for finding the perfect resident manager and insuring yourself against embezzlement from your management team.

This is one of the most information-packed shows we’ve ever done in the MHP space, and you’ll be blown away by the amount of content here. Download it today!

In This Episode We Cover:

  • How Frank uses seller financing to buy deals he never could with a bank
  • How he stays low risk while scaling
  • How he got started with a billboard business
  • How he owns “small cities
  • The key to doing seller financing correctly
  • How he rents to “stakeholders” not just tenants
  • What the perfect mobile home park setup looks like
  • Why he loves mobile homes (aka "the gem" of real estate)
  • Why mom and pop-type owners love mobile home parks
  • How the average park can be bought and rents doubled year one
  • The win-win opportunity mobile home parks provide for tenants and owners
  • The mistakes he made on his first deal and how he learned to avoid it
  • The No. 1 thing to look for when buying a park
  • His strategy for finding pocket listings from brokers
  • The 5 ways he finds parks to buy
  • And SO much more!

Links from the Show

Direct download: bpp-339.mp3
Category:general -- posted at: 12:00am MST

From waiting tables to scaling up to 250 units! Today’s show is going to blow your mind.

Brandon and David sit down with James Dainard, a real estate investor in the Seattle area, who is using his broad knowledge of real estate investing to do some big things! James shares how he got started door-knocking for someone else’s company to learn the business—and things took off from there!

He also shares how he’s finding 60 percent of his deals from the MLS, how he uses local zoning knowledge to find opportunities others are missing, and how he made over a million dollars off an MLS flip! James has some GREAT strategies he uses, including combining flipping, wholesaling, and BRRRRing; improving the return on his equity; and “inventing returns."

You’ll also be blown away at how he created a 60-room rental (!!!) property that earns over $9K a month and how he saves money on maintenance and property management by running it all in-house.

James is a smart, humble, and experienced investor doing some very impressive stuff. Download this one today!

In This Episode We Cover:

  • How he got started door-knocking for someone else’s company
  • Story behind his first deal
  • How he bought a 60-room house
  • How he got to over 200 units all single-family
  • Combining wholesaling, flipping, and BRRRR
  • What he looks for in an area and using zoning knowledge to find opportunity
  • Profiting $1 million on a flip he found on the MLS
  • About his apartment complex that was on the market for 200+ days
  • How he uses flips to fund his rentals
  • Getting 60% of his deals off the MLS
  • How he calculates the return on his equity
  • Why he hires people in-house to manage properties and do maintenance
  • How he BRRRRed a deal with no money left in that cash flowed $2K a month
  • His unique method for “inventing” returns
  • And SO much more!

Links from the Show

Direct download: bpp-338.mp3
Category:general -- posted at: 12:00am MST

Want to learn from two guys who have weathered several real estate market cycles and come out on top?

You’re in the right place! In this episode, Brandon and David sit down with Russell Gray and Robert Helms, longtime hosts of the Real Estate Radio Guys program. In this wide-ranging discussion, Russell and Robert cover a TON of subjects, from house hacking to investing in overseas resorts.

The guys share the lessons they learned from the 2008 crash (hint: don’t rely too heavily on credit) and explain how they’re preparing for the next one. They break down how multifamily investing is just like running a business, and why hiring an assistant is the most important first step when scaling up.

Russell and Robert also tell us why having an A-student mentality can hinder new investors (and make them a target for gurus), and why you don’t need to know every step in order to just get started. 

You’ll learn why Robert is about to make his 137th trip to Belize, why he and Russell stopped investing in Mexico and Australia, and why you should design your own personal investment philosophy, too. 

If you’re a big-picture thinker interested in using the tax code to your advantage and staying on top of market cycles, this show will blow your mind. Listen here or on your favorite podcast app, rate and review us, and subscribe so you won’t miss the next one!

In This Episode We Cover:

  • How these guys inspired Brandon
  • What an entrepreneur does
  • How gurus take advantage of hungry new investors
  • How they are preparing for the next real estate downturn
  • Their strategy for building big wealth in other countries
  • How they learned the lesson about needing sufficient reserves the hard way
  • What to do when available credit goes away
  • Why they invest in resorts
  • Where we are in the market cycle
  • Why they are locking in long-term debt right now
  • What they learned from the 2008 crash
  • How to prepare and win for the next downturn
  • What an opportunity zone is and how to use them
  • Why they study global economics
  • And SO much more!

Links from the Show

Direct download: bpp-337.mp3
Category:general -- posted at: 12:00am MST