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EP45: Land to Profit | A Father-Daughter Duo to Thrive in the Mobile Home Park Business with Michelle Wheeler and Clarence Boyd
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In today’s episode, we'll hear from Michelle Wheeler and Clarence Boyd, a father-daughter duo who acquired a hundred-acre land deal and turned it into an RV mobile park. They'll share their experiences and insights on what made the process interesting, as well as their approach to projecting revenue. Listen in to discover their secrets to calculating an asset's potential value!
Key takeaways to listen for
- Ways to calculate an asset’s potential cash flow before purchasing and upgrading it
- An approach to acquire a new set of capital funds through buy and sell
- Word of mouth marketing and how it assists in launching your business
- Perks of investing in RV parks vs. apartments
- The impact of relationships in elevating your deal underwriting power
Resources mentioned in this episode
- Multifamily bootcamp
- Ultimate Partnering™ 2023
- Change Your Paradigm, Change Your Life by Bob Proctor | Kindle, Paperback, and Hardcover
- RE Mentor Kill Zone Event
About Michelle Wheeler and Clarence Boyd
Michelle was the “plus one” of her father, Clarence, during a multifamily training event where they both found their family dynamics as an advantage in starting a passive investment. She is known as one of the industry's most conscientious, caring REALTOR®, for being a great communicator, and for great follow-up throughout each stage of the transaction and beyond.
It is her goal to create clients for life. She entered the real estate profession after a successful career in the hospitality industry and used her innate people skills to ensure smooth transactions. Michelle enjoys spending time with her daughter and volunteering at her Girl Scout Troop. She enjoys reading and caring for her exotic fish in her spare time.
Connect with Michelle and Clarence
Website: Coleman Lake Campground
CONNECT WITH US
Learn from an expert group of seasoned investors and advisers in the real estate investing business by visiting our website at https://rementor.com/.
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