REI093: Mobile Home Parks w/ Jonathan Tuttle

Robert Leonard talks with Jonathan Tuttle about how his digital marketing agency and real estate business came about, why he chose the mobile home park niche and implement its strategy, what rent-to-own financing is and how to use it to your advantage, and much, much more! IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 11:05 - What is a mobile home park and what investing strategy is used when this is implemented? 16:04 - What is the difference between park-owned homes and tenant-owned homes? 17:27 - How to use rent-to-own financing to eliminate maintenance and repair costs, motivate tenants to take better care of the property, and allow people to get started without a lot of money. 21:32 - How is Jonathan choosing the markets he’s interested in purchasing, what specific data points or metrics does he look for, and how is he tactically finding cities that meet those criteria? 22:42 - In terms of raising capital, why did he decide to limit his investor pool to only accredited investors, who are able to invest a minimum of $450,000 and where did he come up with that amount?  And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Get more FREE content from Robert. Read the 9 Key Steps to Effective Personal Financial Management. Jonathan Tuttle's website Midwest Park Capital. Sam Zell's book Am I Being Too Subtle? Matt Faircloth’s book Raising Private Capital. Michael Blank’s book Financial Freedom with Real Estate Investing. Antoine Martel’s book A Millennial’s Guide to Investing in Cash Flowing Rental Properties. Ramit Sethi’s book I Will Teach You To Be Rich. Real estate education platform BiggerPockets. All of Robert’s favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: HelloFresh Fundrise Linkedin Marketing Solutions TurboTax NerdWallet NetSuite   Connect with Robert: Website | Twitter | Instagram Connect with Jonathan: Website | Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

Om Podcasten

Millennial Investing by The Investor’s Podcast Network is hosted by Patrick Donley and Kyle Grieve.  Millennial Investing is one of the top-ranked investing podcasts in the world geared to the millennial generation. Here’s what we do: - We have conversations with the world’s best investors, entrepreneurs, authors, and thinkers and explore their ideas, methods, and stories to help YOU better invest your time and money. - Think of us as your research team who finds the most interesting and profitable investing and business insights that you'd normally have to pay for. Except it’s free! - Our mission is to improve people’s financial literacy and business savvy to help in making better investment decisions with their time and money. Start listening. Master the best of what other people have already figured out so you can use their lessons in your life to learn how to invest and build wealth. Follow Patrick on Twitter at @JPatrickDonley, and Kyle on Twitter @IrrationalMrkts.