Joining us for this week’s episode is Adam Sobieski, a real estate investor, professional coach, speaker, and president of Sobieski INC.
Adam set a world-class track record in sales but after the recession, he started to venture into real estate, buying single-family homes for respectable cash flow. Initially, mobile home parks were not on his radar but today his cap rates and cash flow are the highest yields in his portfolio while owning several mobile home parks debt-free.
In this episode, Ferd and Adam share the importance of knowing your investor’s DNA, how to build proper relationships, and having better deals in small mobile home parks. So if you are seeking to venture into the mobile home park industry, you don’t want to miss the insights from this episode!
Highlights of the episode:
00:32 – Introduction
01:02 – Background of the Guest
04:30 – 30 lots Mobile Home Park
07:47 – Knowing your Investor’s DNA
10:29 – Building relationships
14:09 – Capital gain strategy
15:55 – Joint Venture Sale
17:52 – Easement in Mobile Home Park
19:55 – Better Deal with Small Park
22:20 – Management Perspective
25:39 – Return on time and aggravation
27:45 – Lesson of due diligence
31:50 – How rich are you coming into this business
Notable Quotes
You add value with creative solutions so you can get paid for it – Ferd
There’s not necessarily a right answer it’s just what’s your vision, what’s your goal like. – Ferd
Figure out your effective hourly rate and then don’t do anything lower than that rate. – Ferd
Optimize what you’re best at and focus on that. – Ferd
Connecting with the Guest
LinkedIn: https://www.linkedin.com/in/adam-sobieski-6b561a14
Contact No: 760-310-6714
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
#DueDiligence
#InvestorsDNA
#LifestyleInvestor
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