Episode Summary:
In this episode of Real Investor Radio, Craig Fuhr and Jack BeVier engage with Kevin Bupp, a seasoned real estate investor, discussing the current state of the multifamily market, investment strategies, and the importance of having a strong team. Kevin shares his journey in real estate, insights on mobile home park investments, and the dynamics of tenant ownership. The conversation also covers operational challenges and future growth strategies in the real estate sector.
Episode 101 Overview
Kevin Bupp began investing at 20, inspired by a mentor in single-family real estate. He experienced early success but learned tough lessons during the 2008 financial crash. Accordingly, that loss reshaped his investment strategy and appetite for risk.
Why Mobile Home Parks?
Afterward, Kevin pivoted to mobile home park investing. He saw resilience, cash flow, and undervalued opportunities in this niche. Not only do these parks offer stable returns, but they also serve a real housing need. Above all, he believes they outperform many traditional asset classes.
The Strategy: Buy Smart, Improve, Hold Long-Term
Bupp focuses on value-add strategies. He buys underperforming parks, upgrades infrastructure, and fills vacant lots. As a result, these efforts increase occupancy, raise rents responsibly, and boost NOI. His team avoids overleveraging and prefers conservative financing terms.
Navigating Today’s Market
Although higher interest rates present challenges, Kevin remains optimistic. If operators buy well and manage efficiently, opportunities still exist. Compared to pre-2020 pricing, today’s deals offer more potential upside. However, underwriting must be disciplined.
Emerging Trends in Real Estate Investing
Interestingly, Bupp sees growing LP interest in alternative assets like mobile home parks, parking lots, and small bay industrial. These sectors are less crowded and provide predictable cash flow. He emphasizes the importance of operational experience and investor trust in these spaces.
Investor Mindset and Advice
For aspiring investors, Kevin stresses education, relationships, and patience. He advises people to avoid shortcuts and seek mentors. In his words, “Learn the business before scaling it.” Certainly, that mindset has fueled his success and long-term approach.
Final Thoughts on Mobile Home Park Investing
All in all, mobile home park investing remains a compelling path for building wealth. When paired with smart execution, it can offer strong returns and lasting impact. Kevin’s insights underscore the value of experience, discipline, and community-focused investing.
