EP 248: Leaving Her W-2 to Double the Value of Her Mobile Home Park
Mar 04, 2022I bet some of you have wondered if mobile home investing is a good idea. Perhaps, you’re hesitating and believe that this business may not work that well. Today on the show, we have Amanda Cruise, an expert in mobile home park investing, and she will aid you to better understand how this business works!
Amanda is the owner and Director of Analytics & Investor Relations at Voyage Investing. She currently owns 80 mobile home park lots and works with individuals to put their savings or retirement accounts to work through partnering on mobile home park deals.
Outside of the investing world, Amanda has spent 12 years in the data analysis field and she manages a team of data analysts at a large U.S. credit card company.
In this episode, Amanda shares how to grow a business in an authentic way, how to make a business plan, and how she gained the confidence to do mobile home parks. Let’s dive in!
Quotes
• "We're giving somebody a home they would never be able to qualify for. It was such a win-win..” (09:43 - 09:48)
• "We definitely like being in the affordable housing niche. It feels good to be providing safe, affordable homes. And it's a really growing niche, there's a lot of demand for that niche. ” (15:04 - 15:16)
• "I will say I'm not afraid of failure…I like to play the game of what is the worst thing that could happen?.” (19:59 - 20:15)
• "Having vulnerable conversations is not easy. Because in order to have vulnerable, real, vulnerable conversations, you have to take responsibility for what you are or not doing.” (27:42 - 27:53)
• "The biggest piece right now is partnering with people who will either become passive investors or bring on passive investors for us.” (32:58 - 33:06)
• "Listening to her [Bréne Brown] talk about vulnerability has really changed my life and the relationship not just with my husband, but with everybody. And being able to put that guard down and know that helps you truly connect with other people on a level that you can't otherwise.”(40:04 - 40:17)
Connect with Amanda:
IG: https://www.instagram.com/investingwithamanda/
In: https://www.linkedin.com/in/amandacruisemhpinvestor/
Website: https://voyageinvesting.com/#home
Resources Mentioned:
- The High 5 Habit - Mel Robbins
- Daring Greatly - Bréne Brown
- 3 Reasons Mobile Home Parks are better investments than single-family homes
- Who Not How - Dan Sullivan
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