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JC 036: Disrupting the Real Estate Game with John Victor

January 24th, 2018 | no comments

The story behind developing Big Door

Meet John Victor, the real estate entrepreneur from Denver, Colorado. Starting out, John elected to go against the trend of apartments and turnkey houses and focus his attention on mobile home investments. He figured that fixing and flipping houses always looked so easy on TV, so the reality was bound to be different.

Despite the numerous obstacles that John encountered along the way, he was able to slowly and steadily scale one $5000 mobile home investment into five mobile home communities over eight years. Now John is focused on a new real estate venture called ‘Big Door’ – a garage-condo business loosely modeled after storage.

In this episode, John shares his success story about how he got started in the real estate game. He shares the reasons why he ventured into mobile home investments and why scaling this type of real estate business takes the right team. You will learn about his 2018 Big Door development and why it’s a great investment.

Thank you John for taking the time to share your expertise on building a real estate business around mobile homes and developing Big Door.

 

Five Key Points:

  1. Scalability of singe mobile homes is tough. Owning MHP communities is the better, long-term approach.
  2. When it comes to mobile homes, $5000 is already considered a high-end price.
  3. You get to know the business by driving the parks every day and building relationships with the managers.
  4. You must know who all the players are in your area, especially those who could ultimately be detrimental to your business.
  5. Partnership is key to growing in this business.

 

Favorite Athlete:

  • John Elway, former American football quarterback for the Denver Broncos

 

Favorite Sport:

  • Lacrosse

 

Favorite book:

 

Pro tip:

  • Getting decent exercise daily helps reset your body and mind and prepare you for next day’s work.

 

Reach Out to John Victor:

 

Thank you John for taking the time to share your expertise on building a real estate business around mobile homes and developing Big Door.

 

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2018

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