113. Less-Known Real Estate Investing Strategy Making $6M/Month

The UpFlip Podcast

Mobile home parks can be a gold mine, as Pasha Esfandiary quickly discovered. He left his professional poker lifestyle and began purchasing parks across the country. Owning mobile home parks doesn’t sound glamorous, but it’s one of the most lucrative investment properties, with the lowest rate of mortgage delinquency in any real estate sector out there. For investors, this is a golden opportunity to purchase poorly managed properties and to turn them around. Bettering the community and your portfolio all at the same time.

Pasha’s company, Evoke Capital currently manages over 1800 units and brings in $5-6M/month. In this episode he shares his expert insights on what to look for in a mobile home park, what pitfalls to avoid, and how you can begin with very little upfront capital.

Resources:

• 7 Steps to $100K/Month - https://www.upflip.com/blog/how-to-invest-in-real-estate
• How He Built a $10M Real Estate Business (while working full time) - https://www.upflip.com/podcast
• Evoke Capital - https://www.evokecapital.net/

Connect with UpFlip:

• On Facebook
• On Instagram
• On Youtube
• @UpFlipOfficial on Twitter

For more insights to start, build, or grow a business, check out the resources on UpFlip.com or head to the UpFlip YouTube channel to see more interviews with business owners and experts.

Thanks for listening!

Chapter

1. 113. Less-Known Real Estate Investing Strategy Making $6M/Month (00:00:00)

2. Background (00:01:07)

3. Shift in Real Estate Market (00:04:31)

4. Getting Started (00:05:56)

5. Contest Announcement (00:07:17)

6. Startup Costs (00:07:50)

7. Why Mobile Home Parks (00:09:23)

8. What to Look For In a Park (00:14:18)

9. Mistakes & Challenges (00:17:02)

10. Fan Blitz Questions (00:18:20)

11. Challenges to Scaling the Business (00:21:10)

12. Hiring/Firing (00:22:46)

13. Profit Margins (00:25:18)

14. Takeaways (00:26:49)