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Episodes
Thursday Apr 01, 2021
Tough Lessons for Mobile Home and Storage Investors with Ryan Smith
Thursday Apr 01, 2021
Thursday Apr 01, 2021
Ryan Smith is a Founder of Elevation Capital Group, a respected leader in the alternative real estate investment arena. They focus exclusively on manufactured housing communities and storage facilities. Ryan is also the co-manager of multiple investment funds, which specialize in investing, both directly and indirectly, in mobile home parks and self-storage assets representing more than 20,000 units located in more than 25 states.
He graduated from the University of Tampa with a Bachelor of Science in Computer Science. An athlete, he was highly recruited for both baseball and basketball and was drafted as a senior in high school by the Baltimore Orioles, and again in college by the Anaheim Angels. He pursued his athletic talents by playing baseball throughout his college experience.
In this episode we talk about some tough lessons that you learn along the way as a mobile home park and self-storage investor.
[00:01 – 08:02] Opening Segment
- I talk briefly about great values that await you in this episode
- I welcome our guest, Ryan Smith
- Ryan talks about his background
- Their focus at Elevation Capital
[08:03 – 22:42] Lessons Learned from his experience in the Mobile Home park and self-storage space
- Real Estate is really a people business
- A lesson learned from buying an off-market property from a private seller
- Their decision-making process
- Establishing trust and building relationships with potential business partners
- Ryan’s expectations on the future of the mobile home and self-storage space
[22:43 – 32:46] Closing Segment
- Quick break for our sponsors
- What is the best investment you've ever made other than your education?
- Investing in quality and authentic relationships
- What is the worst investment you ever made?
- Investing in a student loan consolidation company
- What is the most important lesson that you've learned in business and investing?
- Focus on relationships
- Be honest with yourself
- Connect with our guest. See the links below.
Tweetable Quotes:
“As much as you are looking at transactions, numbers, and performance in real estate, it’s a people business. It’s all about relationships and people.” - Ryan Smith
“Focus on relationships, focus on the people. People matter in all parts of the business.” - Ryan Smith
Resources:
Connect with Ryan, send him an email at ryan@elevationcg.com and visit http://elevationcapitalgroup.com/
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