Ep. 107: Investing in Manufactured Housing Communities, with Brett Bowman and Ryan Hill

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Lance is the Founder and Managing Partner of Verivest, an end-to-end real estate investment platform designed to bring transparency and trust to middle-market investing, and a Principal in Fairway America, a real estate private equity firm in Portland, Oregon.

Brett Bowman and Ryan Hill of Suncrest Capital join Lance to discuss the “darling” manufactured communities asset class. Ryan and Brett dive into how they source deal flow – with experience, sponsors have greater access to higher quality deals! The three discuss how weather in different areas can effect these communities, and what steps they are taking to mitigate the risks that are out of their control. Lance, Brett and Ryan discuss cost segregation and the exciting tax benefits of investing in manufactured communities.

This Week’s Guest

Ryan is the Chief Operating Officer of Suncrest Capital LLC. He is responsible for driving operational efficiency in each community. He works closely with community managers to ensure optimal occupancy and expenses. Ryan has over 13 years of experience as a real estate agent directly involved in over $41M in sales. Ryan is a mobile home park owner and operator. He holds a degree in Biology from Central Washington University, Master degree in Technology in Education from Lesley University, and Principal Certification from Seattle Pacific University.

Brett is Suncrest Capital’s Chief Investment Officer. His conservative approach to underwriting helps minimize risks while maximizing investor returns. He has been investing for over 12 years, acquiring $20M+ in assets, spanning single family rentals, multi-family, industrial, and mobile home communities. He has a background in high-tech where he managed multi-million dollar budgets in hybrid corporate finance & large-scale program management roles. He holds a degree in Finance from the University of Utah and an MBA from Duke University. 

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Episode 107