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. 88 | Lender Mini-Series With Brad Rymer - Navigating the Approval Process
Ep. 87 | Lender Mini-Series With Nathan Frese - Getting a Yes From A Community Bank
Ep. 86 | Interview With MHP Owner Jeff Cook - Navigating Rent Control and Regulation
Ep. 85 | Why and How to Get A Mobile Home Dealer License
Ep. 84 | Interview With Ryan Narus - Helping Others While Helping Grow Your Business
Ep. 83 | Interview with Saad Shah - Improving Business Processes Through Data Analytics
Ep. 82 | Interview With MHP Owner Kevin Bupp - Navigating MHP Operations In Today's Market
Ep. 81 | Interview MHP Owner Apurva Shah - Becoming an MHP Owner While Working a W-2
Ep. 80 | Interview MHP Owner Operator Steve Sacher - Leadership Within An Organization
Ep. 79 | Five Key Risks Associated With Private Electric Systems
Ep. 78 | Interview With Owner Abraham Anderson - How To Enter The MHP Industry
Ep. 77 | Five Keys Items To Consider When Looking At Water and Sewer Systems
Ep. 76 | Interview With MHP Appraiser Erik Hanson - How to Maximize Value For Your Sale
Ep. 75 | Interview with MHP Owner Charlie Ansanelli - Using Tech To Scale
Ep. 74 | Interview With Ken Corbin - Expert Sales Tips To Sell More Homes Faster
Ep. 73 | Mini Series On Zoning Options To Utilize Your Property - Legislative v Administrative Review
Ep. 72 | Interview with MHP Owner Harsha Moole - From Physician to MHP Owner and Syndicator
Ep. 71 | Mini-Series On Zoning Options To Utilize Your Property - Conditional Use Permits
Ep. 70 | Interview with Rod Santomassimo - Expert Business and Sales Strategies to Transform Your MHP Business
Ep. 69 | Mini-Series On Zoning Options To Utilize Your Property - Variance
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