E246 Luke DeGrossi - The Power of Grit, the Case for Manufactured Housing Communities & How to Master the Acquisitions Process

Luke DeGrossi is a co-founder and principal of Pioneer Communities,  a full-service commercial real estate investment firm focusing on the acquisition and management of manufactured housing communities, self-storage, and multifamily properties nationwide. As chief acquisitions officer, he is responsible for monitoring, maintaining, and reviewing Pioneer’s pipeline, as well as underwriting and modeling cash flows for potential acquisitions.

Tyler and Luke discussed why entrepreneurs need grit to scale their business, Pioneer Communities’ remarkable rise in the manufactured housing community asset class and how to succeed in acquisitions.

Highlights include:

• The importance of grit and the story of how Luke and his business partner built their company from very humble beginnings
• The resistance Luke and his business partner faced in their mission of becoming the number one owner operator of manufactured housing communities in the U.S. 
• The case for the manufactured housing communities asset class
• Finding ROI in the asset class
• How Pioneer finance and structure their deals 
• Why Luke is so successful at the acquisitions process
• The importance of making face time when building rapport with people
• The effects of the ever-growing institutional presence in the asset class
• Why Luke believes mindset is a byproduct of disciplined actions

 

Connect with Luke:

 

Website: http://www.pioneercommunities.com
LinkedIn: https://www.linkedin.com/in/lukedegrossi/
Instagram: instagram.com/lukedegrossi

 

The following books were mentioned in the show:

Positive Intelligence by Shirzad Chamine
The Startup J Curve by Howard Love
Grit by Angela Duckworth 
Atomic Habits by James Clear
The Greatest Salesman in the World by Og Mandino

 

Are you a real estate investor looking to elevate your income, freedom & lifestyle? If so, optimize your daily performance by downloading our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, at elevatepod.com.

In this guide, created by your host Tyler Chesser, you’ll learn why you do what you do, how to easily institute cues in your environment to trigger desired behavior, directly applicable steps to create a fulfilling future and much more.

Get your free copy at elevatepod.com and kick-start your new habits today. Your future self will thank you!

This episode of Elevate is brought to you by CF Capital, a national real estate investment firm. CF Capital’s mission is to provide property investment and asset management solutions to help investors like you maximize their returns by investing in high-value multifamily communities.

If you are looking for risk-adjusted alternative investments in quality apartment communities, and are seeking tax optimized cash flow with appreciation upside without all the hassle of management, you might benefit from learning more about investing alongside our team. You’re invited to reach out and learn how you can invest with us by visiting cfcapllc.com.

We’re also currently offering a free ebook called The Bottom Line - 10 Ways to Increase Cash Flow in an Apartment Complex. Whether you’re a new or an experienced investor, we’re confident you’ll find massive value in this resource. Get your free copy today at cfcapllc.com.