Changing the Stigma of Mobile Home Parks

The Millionaire Journey Podcast

Episode 12 with Damian Bergamaschi

“Mobile home parks are a really special asset class within real estate for this one reason. They're kind of a walled garden. So basically, the concept is that you just could buy a bad house, but it has to be in a good neighborhood. And with a mobile home park, you can actually improve the neighborhoods. You kind of break the rule of real estate, ‘location, location, location,’ a little bit. Not… not to the fullest, it's gray. But it can shift a little bit.”

Join Glenn as he interviews Damian Bergamaschi, a data-driven real estate investor based in South Carolina. Damian began working at the age of 12 in a comic bookstore. After some important financial realizations in his teenage years, he studied business and finance in college. In the last decade, Damian co-founded Damris Capital, an investment advisory firm specializing in mobile home parks and self-storage facilities. Damian has found his financial freedom by following data and taking portfolio opportunities that other investors overlook.

Glenn and Damian discuss:

· How to get investors to trust you

· VIX – The Volatility Index

· Choosing investments through data and algorithms

· Being a limited partner versus being a general partner

· The benefits of small MHPs over larger MHPs

· What makes MHPs a special asset

· Controlling your RTOs and increasing their value

· Changing the stigma of MHPs

· Pros of regional acquisitions in building a team

· Infilling MHPs

· Building relationships and working with park owners for inventory

· The difference in supply/demand in different regional markets

· The impact of inflation on rentals

· The importance of both the deal and the deal structure

· Damian’s 50-acre family compound project

Episode Links:

X (formerly Twitter): @MobileHomeParkHero

LinkedIn: @damianbergamaschi

Instagram: @damianbergamaschi

https://www.countercapitalholdings.com/

https://www.damriscapital.com/

------------------------
THE MILLIONAIRE JOURNEY
www.themillionairejourney.net

LinkedIn: @glennyaney
X (formerly Twitter): @glennyaney
Podcast Management by Kelly Carlson Creative Services