BROADCASTS.com

b'Taylor is joined by Robert Preston, a former Marine Pilot who now invests in RV parks. Robert shares his incredible journey, starting with very little money and time while serving in the military, getting into wholesaling and flipping houses, transitioning to single and multifamily real estate investing, and finally, successfully investing in RV parks. He dives into his strategies for finding and managing these deals, as well as why they provide an opportunity to build wealth. Robert also provides advice for service members on how to use their credit from a government paycheck to invest. This conversation highlights the potential of RV park investments and reminds us that having the right people on board can make a big difference in our investments. Tune in to learn how Robert went from flipping houses to investing in commercial real estate, to apartment investing, and eventually transitioning to RV parks - you don\'t want to miss it!\\n\\n[00:07 - 08:01] Opening Segment\\nRobert Preston is a former Marine Pilot who started investing in real estate while serving in the military\\nHe has transitioned from flipping and wholesaling to single and multifamily real estate investing\\nVA loan is a great way for service members to get into real estate investing with no money down\\nFlipping was an initial way to generate capital to invest\\nRental property is a great way to generate passive income\\n\\xa0\\n[08:02 - 16:54] Leveraging Military Credibility to Invest in RV Parks: A Journey from Flipping Houses to Managing Private Parks\\nTransitioned from flipping houses to commercial real estate and then to apartment investing, then RV parks\\nRealized how much money could be made in RV parks and the lack of government intervention\\nHad banking credibility from military service which helped when becoming self-employed\\nRV park management is a huge barrier to entry for investors\\n\\xa0\\n[16:55 - 23:59] Navigating the Unique Challenges of RV Park Management for Higher Returns\\nRV parks require more management expertise than other asset classes\\nRV parks require hospitality, customer service, and daily operations\\nAn internal property management system was built to manage RV parks\\nHospitality expenses may increase but maintenance and repair expenses are lower\\nThe target pad count or gross revenue is roughly 75 to 100 pads or sites and $500,000 of gross revenue\\n\\xa0\\n[24:40 - 28:16] Closing Segment\\nThe best investment Robert has made is his motorhome\\nThe worst investment Robert has made was a multi-family asset that ended up breaking even\\nThe most important lesson Robert has learned in business and investing is to have the right people on your team or in your deal structure\\n\\nConnect with Robert by visiting www.ClimbCapital.com.\\xa0\\n\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.\\n\\nQuotes:\\n\\xa0\\n"One of the things that are extremely powerful from a real estate perspective is to remember the VA loan itself is a phenomenal way just to get started." - Robert Preston\\n\\xa0\\n"It\'s important to leverage that, you know, four or five years preemptive to when you get out. Because when you become \\u2018self-employed\\u2019 or you don\'t have a paycheck anymore if you have not built that credibility and net worth, you\'re shooting yourself in the foot.\\u201d - Robert Preston'