Open land rarely garners the same attention as developed properties due to their perceived value discrepancies. But as today’s guest, Kevin Bupp explains, there are many ways to generate significant income from open spaces like mobile home parks and parking lots. Kevin is a seasoned commercial real estate investor, a top podcast host, and author of The Cash Flow Investor, a practical step-by-step framework for creating financial freedom by investing in commercial real estate. Kevin begins our conversation by explaining who he is, what he does, and how he got into the world of real estate. Then, we discover what piqued his interest in mobile home parks, how he invested before stumbling upon this revenue stream, the challenges he’s overcome and lessons learned since and because of The Great Recession, and the importance of discipline and planning for the worst when entering new investments or developments. To end, we unpack parking lots and why this is a crucial business model to take note of, and we explore why seasoned real estate professionals appreciate the value of longer holds.
Key Points From This Episode:
- Kevin Bupp explains who he is, what he does, and how he got into real estate.
- Understanding what drew him to mobile home parks and how he invested before this venture.
- The lessons he learned from The Great Recession of 2008.
- Challenges he and his company have faced and ultimately, overcome.
- The power of discipline, planning for the worst, and being secure in real estate fundamentals.
- Parking lots: Why this relatively underexplored business model deserves a second look.
- How real estate experience reveals the value of longer holds.
Links Mentioned in Today’s Episode:
‘The Passive Investors Guide to Parking Lot Profits’
Real Estate Investing for Cash Flow | Mobile Home Park
Invest with Sunrise Capital Investors
Asset Management Mastery Facebook Group
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