Exploring Alternative Real Estate Investing: Mobile Home Parks and Parking Assets
In today’s episode of the Real Estate Espresso Podcast, I’m thrilled to speak with Kevin Bupp, a veteran real estate investor who has achieved significant success in the mobile home parks and parking assets niche.
Background on Kevin Bupp as a Real Estate Investor
Kevin began his journey in real estate investing at the young age of 19 when he bought his first investment property. Despite the economic crisis that unfolded in 2008, which had a profound impact on his real estate portfolio, Kevin persisted and sought new avenues for investment. This pursuit led him to the mobile home park sector, where he has been seeing phenomenal growth despite the challenges the market has placed.
However, his portfolio is not limited to mobile home parks alone. Kevin has also turned towards parking assets as a promising sector for investment. His portfolio includes parking garages and parking lots across the country, adding a level of diversification that contributes to the long-term stability and resilience of his investments.
The Appeal of Mobile Home Parks as an Investment
There are several reasons why Kevin views mobile home parks as a rewarding investment. Primarily, he views them as a solution to the ongoing demand for affordable housing. Mobile home communities offer a versatile and cost-effective alternative for residents, providing more livable space and amenities compared to traditional housing options. These communities thrive in both good and challenging economic conditions.
Value-Add Projects and Strategy Adaptations
Successful real estate investing requires adaptability. This is why Kevin’s business model has been consistently shifting and adjusting to the market trends and demands over the last two to three years. In addition to purchasing stabilized properties, Kevin’s strategy includes implementing value-add projects to increase the potential for higher returns.
Entering the Parking Assets Market
Parking assets, though often overlooked as an investment opportunity, can be a lucrative sector with strategic planning. Kevin’s strategy focuses on acquiring parking assets in urban core locations or those that offer unique demand drivers. These may include government, sports and entertainment venues, restaurants, retail spaces, and nightlife. Through effective implementation of technological advances, parking assets can become a cash flow covered land play.
Contact Information
For those who desire to connect with Kevin and learn more about his real estate journey, he can be reached at invest with sunrise dot com. With his unique approach to real estate investing, Kevin offers a wealth of knowledge and experience that aspiring and seasoned investors can glean from.
Just like Kevin, remember to be adaptable in your real estate investment journey. Market conditions and trends change, but with resilience, strategic planning, and the willingness to explore unconventional opportunities, you can forge your own path to success.
