Interview with Denis Shapiro of SIH Capital Group

Episode 69 January 18, 2022 00:32:08
Interview with Denis Shapiro of SIH Capital Group
Passive Mobile Home Park Investing
Interview with Denis Shapiro of SIH Capital Group

Jan 18 2022 | 00:32:08

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Show Notes

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode of the Passive Mobile Home Park Investing Podcast, Andrew talks with Denis Shapiro of SIH Capital Group. Denis has a unique background that has enabled him to build the skills necessary to be successful throughout his investing career. Today, Denis shares his background and previous experiences with Passive Mobile Home Park Investing Podcast listeners. On this episode Denis Shapiro offers advice to limited partner investors as he discusses his thoughts on the economic future of the mobile home park industry, inflation and interest rates in the United States.

Denis began investing in real estate in 2012 when the market was just beginning to recover from the global financial crisis. He built a cash flowing portfolio with alternative assets such as notes, ATMs, mobile home parks,  tech startups, and commercial properties. He co-founded an investment club for accredited investors in 2019. Following the success of his investor club, he launched SIH Capital Group. SIH provides accredited investors with a simplified strategy to invest for passive income. 

 

***Andrew Keel and Keel Team Real Estate Investments (Keel Team, LLC) do not endorse any interviewee. This interview is for informational purposes only and should not be depended upon for investment purposes. ***

 

Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 2,000 lots under management. His team currently manages over 30 manufactured housing communities across more than ten states. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities.

Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews: https://www.keelteam.com/podcast-links. In order to successfully implement his management strategy Andrew's team usually moves on location during the first several months of ownership. Find out more about Andrew's story at AndrewKeel.com.

 

Talking Points:

00:21 - Welcome to the Passive Mobile Home Park Investing Podcast
01:32 - Denis Shapiro's background and journey
05:33 - Investing in a fund of fund with many different syndicators
08:10 - Buying a JV deal with someone he heard on a podcast
09:50 - Out-of-state trailer park operators
13:15 - Is a mobile home park fund a good option for passive investors?
14:45 - The process of starting your own accredited investor group
20:32 – General Partner and Limited Partner splits
22:24 - Inflation and the state of the economy in the United States
24:17 - Interest rates in the next five years
25:38 - The most important things Limited Partners need to look out for when investing in mobile home parks
27:56 - Questions to ask operators to qualify if they're going to be a good operator
29:00 - Denis’ perfect mobile home park
29:15 - SIH Capital Group
29:56 - Getting a hold of Denis
31:11 - Conclusion

 

Links & Mentions from This Episode: 

SIH Capital Group: https://sihcapitalgroup.com/
Keel Team's official website: https://www.keelteam.com/
Andrew Keel's official website: https://www.andrewkeel.com/
Andrew Keel Instagram page: https://www.instagram.com/passivemhpi...
Twitter: @MHPinvestors

 

Quotes: 

“They had nothing but great things to say. I think at the end of the day, the most important thing is that reputation.” - Denis Shapiro 

“If you're not willing to network when you're investing in private securities, you probably are gambling more than you should be.” - Denis Shapiro 

“Learning that language is super, supercritical. Once you actually get to the conferences, network with a few people. And then this is the key. After the event, don't just say, hey, let's stay in touch. Say, hey, we're in December, how's January 5th?” - Denis Shapiro

“I find that operators respond to you the quickest before you send the money in. I remember so many operators I've removed from my list because I would look at their debt.” - Denis Shapiro 

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