The Mobile Home Park Lawyer Podcast
Business:Investing
In this week’s episode, we have Bryce Robertson, known as “Your Real Estate Mate”, an Aussie-born real estate entrepreneur, adventurer, and founder of PropertyWorkz.
After several trips around the world, Bryce decided to focus on real estate investing to achieve his goal of having a freedom lifestyle. He began acquiring a $570,000 mobile home park with a negative net worth, unseasoned credit, and a mere $2,000 in the bank. By using his skills in underwriting, education in economics, and the power of syndication he successfully teamed up with some of the best operators in the US and expanded US real Estate Investing around the world.
If you are looking for a sign to start your journey in real estate investing — especially in Mobile Home Parks, you don’t want to miss this episode. Ferd and Bryce tackle the impact of underwriting deals, how to mitigate risks, aggressive managing, and how to take the first step in real estate investing.
Highlights of the episode:
00:32 - Introduction of the guest
01:01 - Background of the guest
02:42 - Recreating Freedom Lifestyle
03:19 - Focusing on Real Estate
04:36 - Getting the deal in the finish line
06:41 - Impact in underwriting on Deals
08:05 - Conservative Underwriting
09:41 - Mitigating Risk and Projecting Returns to our Investor
13:26 - Finding deals in market
14:47 - Being in a Tertiary Market
15:53 - Importance of winning deals
17:50 - Private Utilities
18:38 - Conservative Underwriter and Aggressive manager
20:30 - Approach in Remodeling
23:22 - All about Contractors
25:50 - Taking the First Step
Notable Quotes
The last, two, three, four years the industry we all know has changed considerably from a competition standpoint. A lot of private equity is buying up all kinds of lots, of new entrants from the minor league guys to the major league guys. - Ferd
In a competitive environment we need to set ourselves apart and what's your niche. - Ferd
Connecting with the Guest
Website: http://www.propertyworkzusa.com/
Email: bryce@propertyworkzusa.com
Phone Number: (949) 954-0880
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
#MobileHomePark
#ConservativeUnderwriting
#MobileHomeParkSyndication
EP 128 | Is The MHP Star Rating Relevant with Ferd Niemann
EP 127 | 25 Factors of a Bad Investment
EP 126 | Interview With MHP Owner Ryan Smith Evaluating Risk, Reward, and Opportunities
EP 125 | Mobile Home Park Owner From $5K to $300MM Portfolio
EP 124 | Forty Things To Look For When Doing A Site Visit
EP 123 | Twenty Plus Post Closing Tasks
EP 122 | Running a Fund Comprised of Small MHPs
EP 121 | Panel discussion on Growing Pains
EP 120 | Panel Discussion on Raising Funds
EP 119 | Running a POH Business with Chris Murray
EP 118 | Interview With Nick Najjar Lessons Learned In A Competitive Market
EP 117 | What To Do When A Seller Defaults
EP 116 | How To Drop A Deal Wisely
EP 115 | Why Grandfathered Rights Might Be Superior To Legal Conforming Zoning
EP 114 | Interview With MHP And RV Owner Heather Blankenship
EP 113 | Interview With MHP Owners Dylan Stewart and Alex Donnolo How To Enter and Scale MHP‘s
EP 112 | Interview With Jonathan Gilmore How To Combine 1031 Exchange and Syndications
EP. 111 | Interview With Kristin Dreasler How To Navigate Mobile Home Title Issues
EP. 110 | Interview With Frank Bowman Navigating State and Local Regulations in Illinois and Elsewhere
EP. 109 | Interview with Gene Norman - Weather Alerts and Why You Should Attend MHP Conference
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