The Mobile Home Park Lawyer Podcast
Business:Investing
In today’s episode, we will be having a conversation with Gerard O’Sullivan. Gerard O'Sullivan is a successful businessman and a mobile home park investor and operator. He has been investing actively and passively in multifamily for 20 years and just recently got into mobile home parks for 2 years. He learned that while the depreciation on multifamily assets is good, the depreciation on mobile home parks is even better.
Gerard joins Ferd to share insights about: (1) the amount of commitment, time and effort there is in being a business owner; (2) how taxes can become a primary driver in business; (3) how real estate can be used as a tax strategy; and (4) how he was able to maximize his finances in the MHP space.
Highlights of the episode:
00:00:39 Guest Intro: Gerard O’Sullivan
00:01:24 Background of the Guest
00:02:20 Getting Into Business in Your Early Twenties
00:04:45 Real Estate Space
00:05:38 Tax as Maturity Driver
00:08:02 Beginning of Multifamily World
00:08:32 How to Take Advantage of Bonus Depreciation
00:14:19 Tax Code in the IRS
00:18:42 Cost Segregation
00:21:30 Learning New Spaces and Gathering New Experiences
00:38:51 Balance Between Work and Family
Connecting with the Guest:
Website: https://spindriftcapitalpartners.com/
Contact: 516-445-2974
Connecting with MHP Law:
Website: https://themobilehomelawyer.com/
Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069
LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/
Instagram: https://www.instagram.com/themhplawyer
#powerintaxes
#mobilehomeparks
#realestate
Ep. 187 | Interview with Chuck Schierbeck on Manufactured Mastery: Navigating Mobile Home Investments and Market Trends
Ep. 186 | Interview with Rachel Hernandez on Mobile Home Adventures: Investing, Wholesaling, and Sales
Ep. 185 | Interview with Victoria Cowart on the Do's and Don'ts Concerning Pet Screening
Ep. 184 | Interview with Douglas Raney on When and How to Amend A Contract
Ep. 183 | Interview with Pasha Esfandiary on Buying Parks Before They're All Gone and Buying With Scale
Ep. 182 | Interview with Nicholas Yale on Operating Hybrid RV and MH
Ep. 181 | Interview With Kirby Horton on Adding Value to Communities
Ep. 180 | Interview with Jason Postill & Tyler Lekas on How to Grow Quickly in a Target Market
Ep. 179 | Interview with Emma Norman on Mobile Home Park Loans and Real Estate Financing Strategies
Ep. 178 | Interview With Tim Woodbridge on Buying MHPs While Maintaining Happiness
Ep. 177 | Interview with Max Baker on How to Work With Brokers To Win More Deals
Ep. 176 | Interview with Jose Garcia on Working with Lonnie Dealers and Home Flippers in your MHP
Ep. 175 | Interview with Ben Braband on How to Acquire MHPs with a Strategic Approach Towards Growth
Ep. 174 | Interview with Shawn Dwyer on How to Get Started Buying MHPs While Working a W2 Job
Ep. 173 | Interview With Steve Case on How to Use Master Lease And Option to Buy Parks
Ep. 172 | Interview With Derek Vickers on Buying Parks With POH and Tips for Florida MHPs
Ep. 171 | Interview with Jason Janda on How to Avoid Mistakes During Diligence
Ep. 170 | Ferd Niemann on Pushing Back Against a City on Fair Housing Grounds
Ep. 169 | Ferd Niemann on How Ancillary Services Provide Value and Resident Satisfaction
Ep. 168 | Interview With Ken Schefler on Navigating The Current MHP Sales Market
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