Passive Mobile Home Park Investing

Andrew Keel
  • 4.9 (243)
  • INVESTING

Are you looking to invest in MHP’s without the headaches of tenants, toilets and trash? If so, you've come to the right place! Welcome to the Passive Mobile Home Park Investing Podcast! This is where you can get most of the education you need to passively invest in the highly profitable investment niche of mobile home parks. Hosted by active mobile home park investor and operator Andrew Keel, this show will guide you through 5 different series, which are: Why invest in mobile home parks?, How to invest in mobile home parks?, What to look for when investing in mobile home parks?, How to vet a mobile home park operator?, And finally, an interview series with mobile home park rockstars! Join us today to find out how you can retire early through the lucrative niche of passive mobile home park investing! This podcast is for informational purposes only and should not be depended upon for investment decisions.

  1. Kevin Bupp: 16 Years of Mobile Home Park Investing, Lessons Learned & What’s Next

    6D AGO

    Kevin Bupp: 16 Years of Mobile Home Park Investing, Lessons Learned & What’s Next

    Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel! In today’s episode, Andrew sits down with industry leader Kevin Bupp, Founder & CEO of Sunrise Capital Investors. If you’ve been tuning in for a while, you might remember Kevin’s appearance back in Episode 18 (2021). Now, he’s back to share fresh lessons and new perspectives gained from four more years of growing a nationwide mobile home park portfolio. With more than 16 years in mobile home park investing, Kevin Bupp has become a recognized voice in the industry. His firm, Sunrise Capital Investors, manages communities across the U.S. while also expanding into parking facility investments. Beyond operations, Kevin is the bestselling author of The Cashflow Investor and the host of the top-rated Real Estate Investing for Cash Flow Podcast. In this episode, Andrew Keel and Kevin Bupp dive into Kevin’s mobile home park investing journey and the lessons learned in the field, including: The mobile home park deal that got away — and what it taught Kevin Bupp about risk, discipline, and timing. How Kevin's mobile home park underwriting and approach to private utilities has evolved over time. The story Andrew Keel uncovers about Kevin Bupp's very first mobile home park acquisition in Lovejoy, GA, and the challenges that came with it. Kevin’s mission, discussed with Andrew Keel, to break the stigma around mobile home parks while providing affordable housing solutions. Why Kevin Bupp is diversifying into parking garages and parking lots as part of his long-term investment strategy. A fun, rapid-fire Q&A round where Andrew Keel puts Kevin Bupp on the spot with questions generated by AI ChatGPT. Whether you’re exploring passive investing in mobile home parks, looking for insider insights into mobile home park syndication, or simply curious about what it takes to scale in this niche asset class, this candid conversation between Andrew Keel and Kevin Bupp is a must-listen. About Andrew Keel Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages more than 50 manufactured housing communities across 15+ states. Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes: Bringing in mobile homes to fill vacant lots. Implementing utility bill-back programs. Improving overall management and operating efficiencies in mobile home parks. These strategies significantly boost both asset value and net operating income. Learn more at keelteam.com Check out Andrew’s FREE e-book: “The Top 20 Things You Need to Know Before You Start Investing in MHPs” — available on our website: https://keelteam.com/top-20-things-learned-from-mobile-home-park-investing/ Andrew has been featured on some of the top podcasts in the manufactured housing spa...

    36 min
  2. Investing in mobile home parks for time freedom with Kyle Grimm

    MAR 4

    Investing in mobile home parks for time freedom with Kyle Grimm

    Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel! In this episode, Andrew Keel sits down with Kyle Grimm, a full-time real estate investor based in Quincy, Illinois. Kyle Grimm’s journey began in high school when he made his first investment—a house he purchased for just $5,000! Fast forward to today, and Kyle Grimm has built an impressive portfolio spanning single-family homes, small multifamily properties, self-storage facilities, mobile home parks, and even an RV campground. Currently, Kyle Grimm owns 330 mobile home park lots, with 95 more units under contract. Kyle Grimm shares hard-earned lessons from his investing career, including his first mobile home park deal, the importance of vertical integration within mobile home park investing, and how to build a successful trailer park investment strategy. Kyle Grimm and Andrew Keel also tackle mobile home park industry challenges like rent control regulations, cash flow management, and the stigma surrounding mobile home parks. Listen in for real-world insights, actionable investing tips, and lessons from Kyle Grimm’s journey! Andrew Keel is the owner of Keel Team, LLC, a Top 44 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages over 40 manufactured housing communities across more than 15 states. 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. Check out keelteam.com to learn more. Check out Andrew Keel’s FREE e-book, “The Top 20 Things You Need to Know Before You Start Investing in MHPs” which you can also find on our website,  https://keelteam.com/ 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. 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 head over to iTunes and leave the show a quick five-star review. We have a goal of hitting over 500 total 5-star reviews, and it would mean the absolute world to us if you could help contribute to that. Thanks ahead of time for making our day with your five-star review of the show. Would you like to see mobile home park projects in progress? If so, follow us on Instagram: @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions.   Talking Points: 00:21 - Welcome to the Passive Mobile Home Park Investing Podcast

    54 min
  3. Interview with Patrick McDonald & Nick Cebula of CMG Parks

    FEB 4

    Interview with Patrick McDonald & Nick Cebula of CMG Parks

    Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel! In today’s episode, Andrew sits down with Patrick McDonald and Nick Cebula, co-founders of CMG Parks to discuss their journey in building a 30 property mobile home park and RV park portfolio across six states, providing affordable housing for nearly 2,000 residents. Patrick McDonald and Nick Cebula, both alumni of Washington State University come from backgrounds in medical sales management and financial planning. Together, they leveraged their expertise to launch a specialized real estate investment firm focused on value-add mobile home park opportunities in the Pacific Northwest. In this episode, you'll learn: - How Patrick McDonald and Nick Cebula transitioned from traditional careers into Mobile Home Park investing - The unique challenges and opportunities in the Pacific Northwest Mobile Home Park market - Why legislation, rent control, and park-owned homes can make or break a mobile home park investment - The one big factor that allowed all three—Patrick McDonald, Nick Cebula, and Andrew Keel—to break into the mobile home park investing industry (and how you might have it too!) If you’re looking for insider strategies to scale your mobile home park portfolio, this episode is a must-listen! Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 states. 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. Check out KeelTeam.com to learn more. 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 head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, 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 review of the show. Would you like to see value-add mobile home park projects in progress? If so, follow us on Instagram: @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions.   Talking Points: 00:21 – Welcome to The Passive Mobile Home Park Investing Podcast with Andrew Keel 03:04 – Why success in mobile home park investing takes time—and how having a supportive spouse can make a difference 07:20 – The importance of real estate education before diving into mobile home park investing 08:22 –...

    43 min
  4. Building a Wisconsin Mobile Home Park Portfolio With Dustin Wiskes

    JAN 14

    Building a Wisconsin Mobile Home Park Portfolio With Dustin Wiskes

    Join host Andrew Keel in this episode of The Passive Mobile Home Park Investing Podcast as he interviews special guest Dustin Wiskes, a full-time engineer and accomplished mobile home park investor in the state of Wisconsin. Dustin Wiskes began his real estate journey in 2021 with a value-add, 28-space mobile home park in western Wisconsin. Just four years later, he now owns 9 mobile home communities with a total of approximately 275 pads, all located in Wisconsin. Dustin Wiskes shares his inspiring mobile home park investing story of starting small and scaling up while balancing the demands of a full-time career. From navigating his first mobile home park deal to overcoming challenges like mobile home park utility infrastructure issues and market evaluation, Dustin Wiskes offers invaluable insights for investors at every stage of their journey.   Key Topics Covered in This Episode: Dustin Wikes’ First Deal: Lessons learned from purchasing and managing a value-add mobile home park. The Importance of Due Diligence: How proper research can prevent costly mistakes. Submetered Mobile Home Parks: The advantages and potential challenges of submetering water and sewer. Balancing a Full-Time Career and Real Estate: Tips for managing nine mobile home parks while working as an engineer. Public Utilities vs. Septic Systems: Insights into infrastructure decisions and their impact on mobile home park operations. Market Research: Evaluating Metropolitan Statistical Areas (MSAs) to identify lucrative opportunities. Scaling a Portfolio: Strategies for growing your mobile home park investments while maintaining work-life balance. Building Trust with General Partners (GPs): Establishing successful partnerships in real estate. Overcoming Mobile Home Park Utility Infrastructure Challenges: Real-world examples of dealing with outdated systems and unengaged owners.   Whether you’re a seasoned mobile home park investor or just beginning to explore passive real estate investing, this episode is filled with actionable strategies and valuable lessons to help you grow your portfolio and achieve financial freedom. Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 states. 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. Check out KeelTeam.com to learn more. 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

    57 min
  5. What happens after a tornado rips through a mobile home park? An Interview with Temporary Housing Expert: Daniel J. Burnham

    12/26/2024

    What happens after a tornado rips through a mobile home park? An Interview with Temporary Housing Expert: Daniel J. Burnham

    Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode of the Passive Mobile Home Park Investing Podcast our host Andrew Keel interviews a special guest in Daniel Burnham, managing member at Timberline Construction Group, LLC. In this episode of The Passive Mobile Home Park Investing Podcast, Andrew Keel and Daniel Burnham discuss the critical topic of natural disasters and their impact on mobile home parks.  This episode is essential listening for mobile home park owners and investors who want to better prepare for and try to mitigate disaster-related challenges.   Key Takeaways from the Episode: Providing temporary housing: Daniel shares the step-by-step process for creating temporary manufactured housing quickly after a natural disaster. Collaborating with FEMA: Learn how to work effectively with FEMA to maximize the benefits of their assistance programs. Optimal Mobile Home Park layouts: Explore Daniel’s recommendations for designing mobile home parks when developing from raw land.   About Daniel J. Burnham: Daniel began his career at Timberline Construction Group, LLC while pursuing his degree in Business Management at the University of West Florida. Over the years, he has cultivated extensive expertise in construction and temporary housing, helping communities rebuild and recover in the wake of natural disasters.   About Timberline Construction Group, LLC: Timberline Construction Group is an industry leader in: Disaster recovery efforts: Partnering with federal, state, and local governments to provide immediate and long-term recovery solutions. Mobile home park development: Expanding and improving manufactured housing communities with innovative and efficient construction practices!   Don’t miss this episode filled with expert insights on disaster recovery, mobile home park development, and collaboration with FEMA. Listen now! Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 states. 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. Check out KeelTeam.com to learn more.  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...

    34 min
  6. Interview with Jeff Flynn of Aspen Ridge Capital

    11/26/2024

    Interview with Jeff Flynn of Aspen Ridge Capital

    Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode, Andrew Keel sits down with Jeff Flynn, a Navy veteran and founder of Aspen Ridge Capital, to discuss his remarkable transition from military service to mobile home park investing. Jeff Flynn’s journey began during his final year in the Navy, when he worked as a mobile home park broker. Just three days after leaving the military, he fully immersed himself into his first mobile home park acquisition. In a short span, Jeff Flynn scaled his portfolio to eight mobile home parks and continues to focus on expanding his business.   Join Andrew Keel and Jeff Flynn as they explore the strategies that drive successful mobile home park investments. Topics include: Transitioning to MHP Investing: How Jeff Flynn moved from the military to owning mobile home parks within days of completing his service. Portfolio Growth and Syndication: Insights into scaling to eight parks and leveraging syndication effectively. Strategies for Raising Rents: Proven methods for increasing rents while maintaining resident satisfaction. Remote Management Success: How to manage mobile home parks from a distance using virtual assistants and on-site teams. Scaling Challenges: The risks of growing too quickly and strategies to avoid common pitfalls. AI Integration: How artificial intelligence has helped Jeff streamline operations and improve efficiency. Networking and Learning by Osmosis: Gaining valuable knowledge through conversations and investor connections. Creative Yet Disciplined Buying Criteria: Balancing flexibility and structure when targeting parks. Value-Add Opportunities in Smaller Trailer Parks: Why Jeff Flynn focuses on small- to mid-sized mobile home parks and works closely with mom-and-pop owners. Exit Strategies: Crafting a clear plan for long-term success in MHP investing. Septic Systems vs. City Sewer: Weighing the pros and cons of each system for mobile home parks. Infill Hacks and Niche Strategies: Tips for optimizing mobile home park occupancy and adding value. This episode is packed with actionable insights for anyone interested in mobile home park investing, uncovering value-add opportunities, or scaling quickly and effectively in this niche market. Listen now and start your journey toward passive MHP investing success! ***Andrew Keel and Keel Team Real Estate Investments (Keel Team, LLC) do not endorse any interviewee. This interview is for informational purposes only and should not be depended upon for investment purposes. *** Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 states. 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 ove...

    54 min
  7. Interview with Jake Bond and Paras Shah of GSC Investments

    11/05/2024

    Interview with Jake Bond and Paras Shah of GSC Investments

    Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode of the Passive Mobile Home Park Investing Podcast our host Andrew Keel interviews two special guests, Jake Bond and Paras Shah of GSC Investments. Since launching GSC Investments in 2016, Jake Bond and Paras Shah have built a thriving portfolio of over 40 institutional-quality mobile home parks, including two active ground-up development manufactured housing community projects. Together, they discuss their mobile home park investing journey and share valuable insights for building and maintaining high-quality mobile home communities that attract long-term, loyal residents in some of the nations top markets. Join Andrew Keel, Jake Bond and Paras Shah as they dive into the strategies that set successful mobile home park investments apart. They cover essential topics like: The importance of providing well-maintained, affordable mobile homes to foster stable mobile home park communities. Effective tactics for attracting and retaining "sticky" tenants who view mobile home parks as their forever home. Overcoming misconceptions and biases surrounding mobile home parks and reshaping public perception. Navigating the impact of mobile home park rent control laws in the Pacific Northwest. How market education and community density considerations play a role in sustainable mobile home park growth. Tune in to gain a fresh perspective on the mobile home park investing industry and learn what it takes to succeed in this unique commercial real estate investment sector. ***Andrew Keel and Keel Team Real Estate Investments (Keel Team, LLC) do not endorse any interviewee. This interview is for informational purposes only and should not be depended upon for investment purposes. *** Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 states. 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. Check out KeelTeam.com to learn more. 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 head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, 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 review of the show. Would you like to see value-add mobile home park projects in progress? If so, follow us on Instagram:

    55 min
  8. Top Risks: Buying Mobile Home Parks with Small Lots and Older Mobile Homes

    10/29/2024

    Top Risks: Buying Mobile Home Parks with Small Lots and Older Mobile Homes

    Welcome back to another episode of The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel! In this episode, Andrew Keel dives deeper into his mini-series on some of the key risks in mobile home park investing, highlighting a critical yet often overlooked topic: investing in mobile home parks with small lot sizes and older mobile homes. Andrew Keel discusses essential factors to consider, including: Challenges in Sourcing and Selling Smaller Mobile Homes: Discover why smaller mobile home park lot sizes can limit options and impact profitability. Zoning Hurdles: Learn about potential zoning and setback restrictions and how they can affect mobile home park operations. What is a Mobile Home’s Life Expectancy?: Understand the typical lifespan of older mobile homes and the maintenance costs that come with them. Tune in for valuable insights and practical strategies to help you navigate these unique challenges and make smarter, more informed decisions in mobile home park investing. ***Andrew Keel and Keel Team Real Estate Investments (Keel Team, LLC) do not endorse any interviewee. This episode is for informational purposes only and should not be depended upon for investment purposes. *** Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 states. 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. Check out KeelTeam.com to learn more. 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. Book a 1 on 1 consultation with Andrew Keel to discuss: A mobile home park deal review (get live feedback on your own MHP deal!) Mobile home park due diligence questions How to raise capital from investors for mobile home parks Mistakes to avoid in mobile home park investing, and more! Click Here to book the 1 on 1 consultation: https://intro.co/AndrewKeel Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, 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 review of the show. Would you like to see value-add mobile home park projects in progress? If so, follow us on Instagram:

    11 min
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About

Are you looking to invest in MHP’s without the headaches of tenants, toilets and trash? If so, you've come to the right place! Welcome to the Passive Mobile Home Park Investing Podcast! This is where you can get most of the education you need to passively invest in the highly profitable investment niche of mobile home parks. Hosted by active mobile home park investor and operator Andrew Keel, this show will guide you through 5 different series, which are: Why invest in mobile home parks?, How to invest in mobile home parks?, What to look for when investing in mobile home parks?, How to vet a mobile home park operator?, And finally, an interview series with mobile home park rockstars! Join us today to find out how you can retire early through the lucrative niche of passive mobile home park investing! This podcast is for informational purposes only and should not be depended upon for investment decisions.

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