Interview with Securities Attorney Mauricio Rauld

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 Mauricio Rauld, founder and CEO of the Premier Law Group. A premier boutique securities law firm. As a nationally recognized expert on private placements, Mauricio works with elite entrepreneurs who seek to increase and protect their wealth through syndications. Today we’ll be having a conversation about the legal side of mobile home park investing. If you have questions about the SEC, investing through an LLC, or the risks of passive investing in mobile home parks, this is the episode for you. Mauricio will also talk about why he loves investing in trailer parks so much and the benefits of passively investing.

***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 1,400 lots under management. His team currently manages over 20 manufactured housing communities across ten states – AR, GA, IA, IL, IN, MN, NE, OH, PA and TN. 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.

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Talking Points:

00:18 - Welcome to the Passive Mobile Home Park Investing Podcast

01:00 - Mauricio’s background in mobile home parks

02:40 - Major risks for passive investors investing in the funds and syndication type of deals

04:05 - Big red flags (legal and documentation)

07:55 - Top items that passive investors should look at in legal documentation

10:10 - Ideal ways for passive investors to invest

14:11 - Other states with high SEC filing fees

16:20 - Different holding company or LLC for different syndications

19:00 - The structure of the different entities

20:00 - Investing through an IRA

22:13 - Usual procedures for offering documents

24:30 - The difference between a 506(b) and a 506(c) offering

28:25 - Main advice for passive investors looking to invest in a mobile home park deal

29:35 - Getting a hold of Mauricio

30:00 - Conclusion

Links & Mentions from This Episode:

Mauricio Rauld’s email: [email protected]

Premier Law Group website: http://www.premierlawgroup.net/

Keel Team's official website: https://www.keelteam.com/

Andrew Keel's official website: https://www.andrewkeel.com/

Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel

Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPin...

Andrew Keel Instagram page: https://www.instagram.com/passivemhpi...

Twitter: @MHPinvestors

Quotes:

“It’s a great investment opportunity for us because we get to, not only get a good return for our money, but we also get to help these communities, spruce them up a little bit, and make their living conditions way better.” - Mauricio Rauld

“In my opinion, you should have an LLC in one of those three states, and invest in those passive investments through that LLC, through your holding company.” - Mauricio Rauld

“As long as you do your due diligence. It could be a great asset class and it’s a great deal. But if you have a lousy sponsor, then that’s not going to work.” - Mauricio Rauld

“The IRA is a great investment vehicle. It does have to be self-directed. If you have an old 401(k) or traditional IRA, you will have to roll that over into what we call a self-directed IRA so you can then struck the custodian to invest in whatever you want them to invest in.” - Mauricio Rauld