The Moonlight Real Estate Side Hustles and Syndications Show
Business:Entrepreneurship
How To Buy RV Parks And Mobile Home Parks With Ryan Groene
How to Buy RV Parks and Mobile Home Parks with Ryan Groene ππ‘
Meet Ryan Groene, a former corporate finance professional who "burned the boats" by quitting his day job, took the leap into real estate investing, and never looked back! Ryan's journey from the corporate world to owning multiple RV and mobile home parks is nothing short of inspiring. If you're looking for actionable insights on how to balance job commitments with real estate tasks, this episode is for you! π
Episode Summary
In this episode, Ryan Groene shares his incredible journey from working a 9-to-5 in corporate finance to becoming a full-time real estate investor. Initially working for a large insurance company in Cincinnati, Ryan realized he wanted more than just a typical W-2 job. He started exploring various business opportunities, including car washes, laundromats, and apartments, but ultimately found his passion in mobile home parks.
Ryan's first real estate deal was a mobile home park, which he purchased using his 401k savings as a down payment. This bold move transitioned him from a corporate professional to a real estate mogul, managing over 1,200 units across the Midwest and Southeast. Ryan emphasizes the importance of education, networking, and hands-on experience in achieving success in real estate.
Key Takeaways
Real Estate Transactions Discussed During the Show: Take Notes and Learn
Ryan shares insights into some of his notable deals, including his first mobile home park in Fayetteville, North Carolina. Purchased for $700,000 through seller financing, this park had its challenges, including a contaminated water well. However, Ryan and his team turned these challenges into opportunities by connecting to city water, raising rents, and improving the property, eventually selling it for a significant profit. π΅ποΈ
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