Mobile home parks are full opportunities. In today’s episode, we’re going to dive into them! Sam Hales is a private real estate equity fund manager with 65 million dollars in assets under management and Founder of the Saratoga Group. Sam has 15 years of real estate and management experience in the stressed asset workouts, land development, redevelopment, and lease options. He has developed and purchased office buildings, industrial buildings, multifamily buildings, and is developing a boutique hotel. Since 2017, the focus of Saratoga Group has been a purchase, vitalization, and operation of mobile home parks.
[00:01] – [03:07] Opening Segment
- Let’s get to know today’s guest, Sam Hales
- Sam shares his real estate journey
- It’s about relationships: convincing investors
[03:08] – [10:39] Mobile Home Parks are Exciting
- Buying Mobile Home Parks in Opportunity Zones
- Sam talks about owning and operating mobile home parks
- There’s always a surprise!
- The Typical Turnaround Time
- We can turn this around.
[10:40] – [18:38] Selling with Unlimited Demand
- How to Bring a Hundred Homes In
- “We want owners not renters.”
- How to Sell with Unlimited Demand
- Finding clients in Facebook Marketplace
- Sam talks about the cost of mobile home parks
[18:39] – [22:28] Final Four Segment
- Sam’s advice to aspiring investors
- “Find a niche that nobody else wants to do.”
- How Sam stays on top of his game
- The abundance mentality
- Sam’s way to make the world a better place
- The Bus Test, making children from mobile home parks proud of where they live
- Reach out to our guest – see links below
- Final words
Tweetable Quotes
“We buy communities and we want to make them safe for families.” – Sam Hales
“In any decent market, there is unlimited demand.” – Sam Hales
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Connect with Sam through: sam@saratogagroup.com and LinkedIn. Check out his website https://saratogagroup.com/ and find your niche to grow your business.
Connect with me:
I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.
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Email me → sam@brickeninvestmentgroup.com
