Claim OwnershipCommercial Real Estate Deal Flow with Tyson Cross and Tim Steele
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© Tyson Cross
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In this show, Tyson and Tim talk about what it means to hustle in the commercial real estate world - as a broker, investor, student and life-long learner. We talk about successes, but also dive into all the mistakes we and others have experienced on the path to growing a successful commercial real estate business. This is a show where we hold nothing back and tell it like it is.
36 Episodes
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In this episode, I am joined by my business partner, Tim Steele. We discuss the start of our journey this past year with our newest investment property and what we see in the future of mobile home park investing.
Anyone can buy a mobile home park, but your money is made in the operations.
There is a lot of momentum in our industry right now so we wanted to relaunch this podcast to start having conversations again around the industry with people who are in it.
Tyson Cross
O: (503) 200-2154
C: (503) 407-1223
E: Tyson.Cross@marcusmillichap.com
https://crosscre.com/
https://www.tysondcross.com/
1In today's show, we pick up where we left off with Mobile Home Park Operator, Andrew Keel. If you haven't listened to the first one, go back and listen to that first. Otherwise, sit back and enjoy!
Please connect with me!
tysondcross.com
linkedin.com/tycross81
Happy Investing!
Today I talk with Andrew Keel who is crushing it in the mobile home park space. Listen in as we talk about some of the cool stuff he's doing within his business. Feel free to reach out to him at keelteam.com
Please connect with me!
tysondcross.com
linkedin.com/tycross81
Happy Investing!
This is the second part of the interview with our guest, Charlie Ansanelli. If you missed the first part, go back and listen to last week's epsisode first! I hope you enjoy.
Please connect with me!
tysondcross.com
linkedin.com/tycross81
Happy Investing!
In today's show I interview my first guest, Charlie Ansanelli. Charlie is a College drop out, 3-time entrepreneur, 2-way Investor, Dad and at home amateur chef. He recently closed on a couple of mobile home parks and in today's show we talk about how he got started, what led him to mobile home park investing and what it means to be an intentional investor. This is part 1 of the interview and part 2 will be released subsequently.
You can reach Charlie at charlie@rockstackcapital.com or find him on linked in at linkedin.com/charlieansanelli
Please connect with me!
tysondcross.com
linkedin.com/tycross81
Happy Investing!
On today's show we talk about a topic that a listener recently reached out to me about regarding a park they have in contract and the fact that it has REALLY small lots. On top of that the homes are also very old and dilapidated. What steps should you take to ensure you're not setting yourself up for headache down the road?
Please connect with me!
tysondcross.com
linkedin.com/tycross81
Happy Investing!
For a bit of a change, I thought I would give some of my thoughts on the state of the market as it relates to commercial real estate investing, recession and why I think this is a great time to be a buyer. Thanks for listening!
Please connect with me!
tysondcross.com
linkedin.com/tycross81
Happy Investing!
Today we discuss why I believe Brokers are your single best source of deal flow when it comes to sourcing quality mobile home parks to buy. This episode is packed full of good advice for any new buyers who are struggling to get Brokers to take them seriously. We dive into why you should be talking to every broker in your market, how to get them to send you deals and ways to build those relationships.
Please connect with me!
tysondcross.com
linkedin.com/tycross81
Happy Investing!
I think one of the number one things people want to do a better job at is finding deals. How do we find deals in this competitive market? What are some ways you can stand out as a Buyer and get deal flow going in your business? In this show we'll start talking about that and look to uncover the best ways to locate, evaluate and purchase mobile home park properties.
Please connect with me!
tysondcross.com
linkedin.com/tycross81
Happy Investing!
If you have mobile homes that you own inside your park, what is the best way to convert those to resident owned? How do you structure the "sale" so that you are compliant, but also allow the resident to stay in the home without disruption? There are a few ways that can help this process go smoother and create ownership for everyone in your park.
Please connect with me!
tysondcross.com
linkedin.com/tycross81
Happy Investing!
Everyone wants a 10 cap mobile home park. That's what I hear a lot when I talk to investors who are new to the mobile home park space. And traditionally 10 caps have been the norm. But not anymore!! What should you do about it? Listen in to find out.
Please connect with me!
tysondcross.com
linkedin.com/tycross81
Happy Investing!
Invest in your own backyard vs. Invest where the deal makes sense. We hear this debate A LOT! What is the right way to do it? Is there a right way? I explore this topic on today's show and talk about why I believe there is no right or wrong way to do this. It has to align with your goals and outcomes.
Please connect with me!
tysondcross.com
linkedin.com/tycross81
Happy Investing!
Today I talk about how to correctly value a park that has all resident-owned homes in it, yet the homes themselves are in very rough shape. Do we base the value solely on the income and expenses and apply a cap rate? Or do we need to take into account the shape and age of the homes as part of the valuation? And if we do, how do account for that properly.
I think this is a topic that needs to be discussed more often. Give it a listen and let me know what you think!
tysondcross.com
linkedin.com/tycross81
On this episode we continue to discuss the first park we bought and how we found our manager. I get into a little bit of what makes a good manager and what you should look for. Also, what to look for when hiring your manager and how to tell if they are going to be good.
Please follow me at:
tysondcross.com
linkedin.com/tycross81
Email me at tysoncrossre@gmail.com
The show is back! With a new title, new music and the same content. We're going to keep these shows shorter and to the point. If you are a new listener or have listened before, thank you!! We hope you enjoy.
Please follow me at:
tysondcross.com
tysoncrossre@gmail.com
https://www.linkedin.com/in/tycross81/
Please leave me feedback!
In this episode, I talk about the 3 main reasons why I believe mobile home park investing is the best form of real estate investing out there. I think if you're interested in getting into this space, the time is now! Thanks for listening and remember to reach out to me if you have questions.
tysoncrossre@gmail.com
tysondcross.com
I cannot emphasize the importance of meeting with park owners enough. Sure, direct mail and cold calling work, but what works even better and for the long term? Meeting with owners and developing relationships. Find those parks you want to buy and meet with the owners to develop those relationships so that when they are ready to sell, they think of you first.
Reach out! I'd love to hear from you!
tysondcross.com
tysoncrossre@gmail.com
You read that correct! But who doesn't want a BIG cap rate in CRE. Well, thats what we talk about here over a few shows specific to a 16% cap rate we bought in 2020. Enjoy!
Questions, comments, feedback? We welcome it. Reach out!
tyson@mayflyinvest.com, tim@mayflyinvest.com
This was fun! A bit all over and didn't touch on a few of our favorite CRE types. What's yours?
Reach out!
tyson@mayflyinvest.com or tim@mayflyinvest.com
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I am a park owner. is it better to own the homes or just rent the lots?