Washington State and Mobile Home Parks w/ Gabe Petersen

Washington State and Mobile Home Parks w/ Gabe Petersen

Our guest today is real estate entrepreneur Gabe Petersen. Gabe is host of the podcast and YouTube show, the Real Estate Investing Club. In this episode, we talk about how he got into real estate, and more importantly, why he chose the niche he did. If you have ever wondered about investing in mobile home parks and why investors choose this asset class, look no further. You’ll get a lot out of this episode, and Gabe’s website has a lot of good resources should you continue to be interested and want to learn more.

Additionally, Gabe shares his experience investing in Washington State. The upper Northwest has economic dynamics unique unto itself. Gabe and I touch on those dynamics, examine where Washington is on the bell curve, and discuss what Gabe is doing about it.

Key Points:

Gabe explains his start in real estate and motivation for getting out of the rat race (0:51)

Business ventures leading up to real estate (3:15)

Honing acquisition and marketing systems (8:10)

The foray into RV and mobile home parks (11:17)

Why would an investor consider investing in mobile home parks (14:16)

The headaches related to mobile home park investing (16:28)

Washington state investing (18:15)

Employment and job growth in Washington state (19:25)

Landlord tenant laws in Washington (20:04)

The importance of tenant screening (21:00)

What’s next for Gabe Petersen? (21:40)

Resources:

The Real Estate Investing Club – https://www.therealestateinvestingclub.com/

The Real Estate Investing Club on Apple – https://podcasts.apple.com/us/podcast/the-real-estate-investing-club/id1515039960

The Real Estate Investing Club on YouTube – https://bit.ly/theREIshow

Podio – https://podio.com/

Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/

Learn more about The Haney Company here – https://www.thehaneycompany.com/

Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050

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Passion is an understatement when it comes to Christopher Mills and his desire to help families and family owned businesses. Chris has over 15 years of real estate experience as an investor, and has experience as a loan originator, property manager, and an agent. At The Haney Company, Chris specializes in working with individuals and organizations who have or desire real estate holdings and helping them map out and achieve their financial goals. His real estate experience helps him address the complexities and opportunities unique to real estate investors. His specialties include alternative investments, 1031 Exchanges, and liquidity solutions. Working closely with members of The Haney Company, attorneys, and CPAs, his clients are able to benefit from a comprehensive approach to each individual situation. Chris is the author of Legacy 101: A Practical Guide. He lives in Northern Virginia with his wife and 3 children. In his free time, he enjoys gardening, hiking, cooking, and classical music.