MFREE 117 Trailer # 3 with Kevin Bupp: What makes mobile home parks a long-term solution?

Aloha, It’s Shelon "Hutch" Hutchinson here! If you’re enjoying 'The Multifamily Real Estate Experiment' podcast, please like, comment, and share our episodes to help us reach and inspire more people. Thank you for your support!

Kevin Bupp shares how he got started in mobile home park investing without knowing much at the time. What he did know was that the affordable housing crisis was real then, and it's even more urgent now.

Mobile home parks offer one of the best unsubsidized housing options in the country. For the same price as a rental apartment, families can own a brand new home in a better neighborhood and often in a stronger school district. The model creates real value and gives working families a shot at stability and pride in ownership.

It's not just an investment. It solves a real problem. Demand is rising. Supply is shrinking. And the opportunity is still out there for those paying attention.

 #AffordableHousing #MobileHomeParks #ImpactInvesting

*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*

Thank you to all of our listeners!!! We would love to hear from you!!!

Email me at:
[e-mail]

*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*
Visit our website to find out more:
www.hsquaredcapital.com

Join our Facebook Group:
The Multifamily Real Estate Experiment

Follow us on Instagram:
@hutchthemarineinvestor

Episode Transcript

Speaker 2 (00:00):
What I did know is that the affordable housing
crisis, was real 13 years agowhen we started buying mobile
home parks.
It's even more real today.
Mobile Home parks, offer, what Ifeel is the best unsubsidized
housing option in any marketacross the country.
You can take any of our mobilehome parks in any city that we
own across the country, and Ican promise you that it's.
A better quality than whatyou're gonna get for the same

(00:20):
price point in an apartmentcomplex.
More than likely it's half theprice of the same size stick
build home.
Our competitors are apartmentcomplexes.
we offer the American dream tothose that would otherwise be
renting an apartment, but for amuch less price.
They can live the American dreamin a brand new mobile home than
what they might be paying tolive in a, B minus or C plus
class apartment complex.
It's a Very compelling picturethat we can paint to, provide, a

(00:42):
beautiful form of housing at avery affordable price.
And so, I bought that firstproperty, 13 years ago.
Didn't know what I didn't know.
Bought it, stabilized it, did alot of improvements and it
filled up very quickly.
We made something very nice.
It was in a good part of town.
It was in.
The good school district.
So folks wanted to live there,wanted to raise their kids
there, right?
They wanna send their kids tothe good schools or good,
hardworking blue collar folks.
but they need an affordableplace to, to reside and raise

(01:05):
their family, and that's what weprovide.
that hasn't changed.
That's still the same storylinetoday.