Mobile Home Communities and Investor mindset With Tim Kelly Pt.1

Aug 31, 2020

Today I had the pleasure of speaking with the Director of Multifamily Education & Executive Partner at Active Duty Passive Income, Tim Kelly. Tim is an active duty Chief Petty Officer in the United States Navy and has been serving his country for 14 years. He is also a Real Estate Investor & Educator, Best-Selling Author, and a great Speaker.

 

Let’s jump right into Tim’s story on how he pursued his dream of owning and operating multi-family real estate and helping others realize their financial freedom goals!

 

[00:01 - 04:59] Opening Segment

• Let’s bring in Tim Kelly to the show
• Tim talks about his background 
• • He shares the story about his background in military
  • How military training helps him persevere in business 
  • How he learned and  began real estate

[05:00 - 13:14] Active Duty, Passive Income and Multi Family Real estate 

• Tim shares a brief introduction about ADPI projects
• • Educate other military members and family on how to achieve financial freedom in real estate
  • Military house hacking 
  • Podcast and books about mindset and financial courses
• Tim talks about the motivation behind all of his projects 
• • Being active in the community with his wife
  • Giving back to the military
  • His passion for Music 
• Tim talks about the reason why he chose multifamily real-estate 
• • True passivity with a lot of advantages

[13:15 - 18:59] Why Mobile Home communities?

• Tim shares the story how he got involved with mobile home parks 
• The benefits and advantages of mobile home parks 
• • Major solution to the affordable housing crisis
  • Housing with highest return
• Tim talks about the stigma on mobile home parks
• Tim shares how to find mobile home park deals
• • Understand the market 
  • Know the median home price

[19:00 - 26:38] Types and models of Mobile Home communities

• Tim explains terminologies and types of mobile home communities 
• • 1-5 stars classifications 
• Tim talks about the difference between tenant owned homes and park owned homes
• Tim talks about the utilities and various models of mobile home communities

Tweetable Quotes:

“Military training that is embedded in the military personnel are literally tools to prevent success in business especially in investing.” - Tim Kelly

 

“If you know the Cashflow Quadrant, when you're in a limited partnership, you're on the right side of the quadrant; you're not exchanging your time for dollars,  it's true passive income.” - Tim Kelly

 

“Mobile home parks are the major solution for so many people who need affordable housing. If you could provide clean, functional, safe, and affordable housing, mobile home parks are going to be a sound investment.”  - Tim Kelly

 

Resources Mentioned:

• Robert Kiyosaki
• Grant Cardone
•  Jocko Podcast – Leadership and Discipline
• Blueprints of financial success 
• Military house hacking 

 

You can connect with Tim Kelly on LinkedIn and Facebook. Learn more about his life story and real estate journey by visiting his website at  https://thetimothykelly.com/

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.

Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

To learn more about me, visit my LinkedIn profile, and connect with me!