Changing the Stigma of Mobile Home Parks
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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/
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THE MILLIONAIRE JOURNEY
www.themillionairejourney.net
LinkedIn: @glennyaney
X (formerly Twitter): @glennyaney
Podcast Management by Kelly Carlson Creative Services
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