Not everyone has the ability to be a part of such a great gathering of Real Estate Investing Minds... That said, I am bringing it to you.
Today's podcast is a LIVE recording of the panel I moderated at the IMN conference on Dec. 6th, 2016, in Scottsdale, Arizona with Panelists as follows:
Chris Davis and I are broadcasting LIVE from the Arizona Biltmore Hotel in Beautiful Scottsdale Arizona, originally owned and designed by the Wrigley Family of Chicago (yes, that family) at the IMN Single Family Rental Forum Conference West. This incredible experience is enlightening, motivational, inspirational and frankly provides that extra kick in the "*ss" that keeps the engine firing on all cylinders!
Chris and discuss the information we learned about the 2017 US Real Estate Market, new opportunities we are both planning on focusing on next year, and how awesome and powerful this conference is for any real estate investor!
Today's guest, Eric Wohlwend, has patriotic beginnings serving our country and took the opportunity to educate and motivate himself while still in the armed forces. The day Eric was given his discharge papers, Eric drove straight to the local bank in the area and obtained financing to purchase his first rental property. A few short years later he retired at the age of 30, after accumulating a sizable portfolio as a full time real estate investor.
Well, Eric didn't stop there, as he realized that an investor's appetite is rarely satiated, he got back at it, continuing to buy more assets and grow his empire, diversifying into mobile home parks, apartment buildings, and self-storage units.
Today Eric and I discuss his start up in real estate, his current ventures into a 60 unit apartment building, and working with sellers to "eliminate the bank" when financing your real estate deals!
What comes to mind when you hear the term Mobile Home Park?
Well, if you've done your homework on it you'd find that it's like owning a large scale ATM machine without the hassles of the toilets and maintenance necessarily associated with owning the structure on a property.
Today's Podcast hosted by Joe Mueller of TANIS Group LLC and TANIS Group Realty interviews Jack Baczek of Marvel Equity. Jack started his real estate investment career just 8 short years ago, and still at the young age of 31 is acquiring a large scale portfolio of both Mobile Home Park and Apartment units. Jack dove into real investment FULL TIME and hasn't looked back since! Can you remember what you were doing at the age of 30? :)
Jack has been involved in acquiring, re-performing, holding, selling as well as wholesaling mobile home parks in the "Rust Belt" of the US. We dig into the difference between owning the structure vs. just renting the land, MHP ROI and Cash on Cash returns, as well as his experiences in the apartment building business.
If you are interested in what opportunities exist in the Mobile Home Park investment market or are just curious about how it can be done, stay tuned!