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Jan. 24, 2022

12 | Mobile Home Park Investing Strategies with Keith Meyer

12 | Mobile Home Park Investing Strategies with Keith Meyer

Keith Meyer is a purposeful commercial real estate operator and investor who has participated in a diverse set of investment vehicles within the industry. Keith’s family and network of investors have owned and significantly increased the worth of...


Keith Meyer is a purposeful commercial real estate operator and investor who has participated in a diverse set of investment vehicles within the industry. Keith’s family and network of investors have owned and significantly increased the worth of several large manufactured housing communities over the past 25 years. Keith leads the deal sourcing and acquisitions side of SCG, working directly with brokers and co-sponsors to acquire properties which meet his team’s distinct criteria. Keith focuses on developing win-win partnerships which are well-defined from inception, and highly productive upon implementation.

 

Let’s tune in to his story!

 

[00:01 - 03:27] Opening Segment

 

  • Welcome to the podcast!
  • Get to know our guest Keith Meyer
    • Bio
    • Keith’s early start in real estate: “It runs in our family!” 

 

[03:28 - 14:01] Mobile Home Park Investing Strategies

 

  • How to add value to mobile home park properties in the mid-90s
    • A lot different than buying and operating today
    • A lot of manpower and time
  • A pretty similar industry
    • How mobile home parks and apartment properties are alike
  • A piece of advice for future mobile home park investors
    • Make money out of smaller parks
    • Take on a mentor
    • Get educated
  • Investing in Affordable Workforce Housing
    • The Park Center
    • Price, budget, charge, rent, and profit
  • Keith’s role at Symphony Capital
    • Upfront acquisitions
    • Meeting the needs of both parties
  • Communicating and contacting commercial property owners
    • Direct communication
    • The most beneficial aspect of Keith’s relationship with the owners
  • The Legacy Round
    • “I’m building your network.”
    • Understanding the pain points of investors

 

[14:02 - 22:39] Slice of Knowledge

 

  • Routine is Key
    • 4 AM Miracle Morning
  • One Slice of Wisdom
    • “Don't ever be afraid to ask for referrals.”
  • Real Estate Multifamily Vocabulary
    • Leverage
    • Preferred equity
    • Key principal
  • Books and Masterminds to Try
  • Final words
  • Connect with our guest, Keith in the links below



Tweetable Quotes

 

“What I love about commercial real estate is the multifaceted nature.” - Keith Meyer

 

“Be very aggressive about asking for referrals.” - Keith Meyer

 

“You're gonna have a good network via interaction with the industry the right way.” - Keith Meyer

 

------------------------------------------------------------------------

 

Reach Keith through keith@symphonycapitalgroup.com, Instagram, and LinkedIn

 

Check out his website: https://www.symphonycapitalgroup.com/ 




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