Affordable housing is one of the necessities that millions of Americans needed. You'll learn about the beauty and benefits of investing in affordable housing as Aileen's guest Ryan Smith shares his experiences in mobile home parks and self-storage asset class investing. In this episode, he also talks about his best practices and the things that he did towards his success with these real estate assets.
What You'll Learn From This Episode:
- Ryan's Background and His Real Estate Investing Career
- Transition from Single-family Residential to Mobile Home Parks and Self-Storage Assets Investing
- Challenges in Scaling Single-family Homes
- Pros and Cons of Investing in Mobile Home Parks and Self-Storage Assets
- Acquisition Criteria and Strategies to Underwrite Deals Conservatively
- Importance of Trust Between operator and Investors
- Market Outlook and Impacts of Covid Pandemic to Mobile Home Parks and Self-Storage Assets
- Having Perseverance and Believing in Yourself to Succeed in Real Estate Investing