039: Invest in Mobile Home Park with Ryan Narus
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Ryan Narus is the partner at Archimedes Group. He started with no money, no experience, no network. He is closing on 10th mobile home park which would put him to over 1200 pads.
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\\nHis business also makes it a point to participate in charity with our residents. Charitable events they've done and continue to pursue include: free food give aways, paying for college applications, a partial college scholarship to our residents, bible studies, Zoomba classes, credit building with PayLease, and community events.
Here are the points we discussed:
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- How did you get started in Real Estate? \\n
- Why Mobile Home Parks (MHPs)? \\n
- Can you compare MHPs to Multifamily or Single Family Residences? \\n
- What are some of the gotchs investor needs to keep in mind while investing in MHPs? \\n
- What kind of rookie mistakes have you seen beginner investors make while investing in MHPs? \\n
- What is your criteria to invest in MHPs? \\n
- Which markets are you focused on and why? \\n
- Can you talk about your best and worst deal? \\n