Frank Rolfe has been reviewing mobile home park deals with potential mhp buyers for over a decade. It’s the similarities and correlation between these properties and their respective values that is the topic of this event titled “Lessons Learned from Over 1,000 Mobile Home Park Deals Reviewed”. He’s discusses a variety of factors that serve as macro and micro clues that a deal is attractive vs. not something any buyer should pursue.
Watch The VideoThe March 2021 Mobile Home Park Investing Newsletter
Every mobile home park must have a manager, and not all of those work out. So what are the key reasons why mobile home park managers fail and what can be done to mitigate these issues? In this Mobile Home Park Mastery podcast we’re going to review our lessons learned from hundreds of managers and how to improve your odds of success.
Listen To Episode 190If you talk to mobile home park owners about the best parts of property ownership, most will tell you that it gives them a very high-quality lifestyle. But what does that mean? In this Mobile Home Park Mastery podcast we’re going to review the top benefits of owning mobile home parks from a quality of life perspective.
Listen To Episode 189Buying a mobile home park is a lot like diving into that lake: it seems like there is no risk. After all they are not like factories, gas stations or urban tracts. The environmental risk is not obvious.
Read MoreMobile home parks are, at the end of the day, all about making money, and in this video we give you a tour of a property we bought and sold and review how much money it made and what the key profit drivers were. This property was a total turnaround that needed infrastructure repair and new leadership to bring it back to life – it had piles of dead leaves higher than the decks in some spots. However, using the standard science of cleaning up the common areas and then helping the residents to regain their pride of ownership, the community came out of its coma and the financial rewards were huge.
Watch The VideoJanuary single-wide sales of new mobile homes are down 7.5% from last year – and park owners could care less. In this Mobile Home Park Mastery podcast we’re going to review why there is no correlation between mobile home manufacturing and mobile home park performance. While many Americans believe that mobile home retail is where the money is, that couldn’t be farther from the truth and the future of both segments could not be more divergent.
Listen To Episode 188It’s becoming pretty common for mobile home parks to be torn down to make way for a new and more profitable use. But this story is different, because the owner of the property it the city itself, not your typical park owner. So how did this 15-acre mobile home park meet its fate? And what are the lessons learned for all of those out there that complain about higher mobile home park lot rents?
Read MoreWarren Buffett has long championed the concept that all great business models share one big attribute: a “moat”. This “moat” protects that business from competition and from other damaging risks to profitability. Mobile home parks have long held the position of having one of the largest “moats” in the United States, and it just keeps getting wider and deeper, to the chagrin of many who find it “unfair”.
Listen To Episode 187America is in the grips of an affordable housing shortage so large it seems impossible. But the solution is not a structural one – that’s easy – but a political one that is insurmountable. In this episode of the Mobile Home Park Mastery podcast we’re going to talk about why the government is unwilling to make the tough political choices that could solve affordable housing once and for all.
Listen To Episode 186There is no better feeling on earth than when you own a mobile home park and you have absolutely no money into it. Not only do you have no worries (assuming your debt is non-recourse) but your rate of return is infinite (since it’s based on your down-payment and you have none). You can literally own an empire of mobile home parks and have zero money at risk. So if zero-down is living the dream, how do you accomplish it?
Read MoreRyan from Charleston knew nothing about mobile home parks. He decided that affordable housing was a great place to invest, given the trajectory of the U.S. economy. He went to Boot Camp. He made offers. He bought parks. He quit his day job. He has a dream life.
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