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From High School Dropout to Real Estate Mogul

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IN THIS ARTICLE

It’s the “stay in school, get good grades, go to college, and climb the corporate ladder” mantra. But that’s not my story. I took a different route, which required resilience, guts, and a willingness to learn from every curve ball life threw at me.

Choosing an Alternative Route

At 17, I decided to drop out of high school to work full-time at a furniture store. You may think that was a terrible idea, but for me, it was the start of an incredible and financially rewarding journey.

I went from being a delivery driver to owning over 20 furniture stores and 85 real estate properties, including a mobile home park.

Every Challenge Teaches You Something

But let’s rewind a bit.

When I left school, it wasn’t for rebellious reasons. I was discouraged by a teacher who told me my goals and aspirations of being a business owner were out of reach.

At a young age, the “You can’t” response from others always motivated me to look for alternative avenues that would allow me to turn their negativity into, “How can I?” 

By 22, I had worked my way up from entry-level jobs to owning a furniture company. Every challenge along the way taught me something new, especially when I decided to dive into the world of real estate.

The Mobile Home Difference

Investing in a mobile home park was a bold move that came with its own set of challenges. There’s a lot of stigma surrounding mobile home parks, from the way they’re managed to the people who live there. But I saw potential where others saw problems. 

Instead of letting the challenges deter me from the enterprise, I rolled up my sleeves, got my hands dirty with renovations, and learned some valuable lessons about real estate economics and managing tenants.

If you’re thinking about investing in mobile home parks, here are just a few things I’ve learned over the years: 

  • Do Your Due Diligence: Before putting your money down, dive deep into market research. Go beyond the basics and really understand the area. Is there a real demand for a mobile home park here? What’s the demographic like? Most importantly, will this investment give you a solid return, or will it be a money pit? You don’t want to invest in a park that’s in a bad location or a neighborhood with a poor reputation.
  • Don’t Skip the Legal Stuff. Make sure you’re following all zoning regulations, getting the necessary permits and licenses, and understanding landlord-tenant laws. Doing this extra work upfront can save you from major legal headaches later.
  • Hire Management: Hire a property manager who really knows the business and is hands-on. Set clear rules and expectations for your tenants from the beginning. Keep the property well-maintained with regular upkeep to keep your tenants happy and your park in great condition.
  • Make Your Park Stand Out: Finally, think about what will make your park stand out. Can you add a playground that attracts families? How about a clean and convenient laundry facility for your tenants? It’s the little extras that can make a big difference.
  • A Blueprint for Aspiring Entrepreneurs

    Looking back, I realize that my success isn’t just about the money I’ve made.

    It’s about the freedom to live life on my own terms and the wisdom I’ve gained from every obstacle I’ve faced.

    If there’s one thing I want people to take away from my story, it’s that you don’t have to follow the traditional path to achieve your dreams. 

    Embrace the challenges, learn from every experience, and don’t be afraid to take the road less traveled. Trust me, it can lead to some pretty incredible destinations.

    Engager Admin
    Engager Admin