Douglas MacArthur once said “old soldiers never die, they just fade away”. But what about old mobile homes? In this episode of the Mobile Home Park Mastery podcast, we’re going to look into the definition of “old homes”, what their strengths and weaknesses are, and how to determine their future.
Listen To Episode 172The November 2020 Mobile Home Park Investing Newsletter
Blackstone – one of America’s largest private equity groups – has announced that they are buying around 40 properties from Summit Communities, expanding their foot print in Florida and Arizona and significantly increasing their mobile home park holdings https://www.cpexecutive.com/post/blackstone-to-buy-550m-mhc-portfolio/. In so doing, they are continuing the love affair that institutional investors are having with the mobile home park industry and its brilliant business model. Why have they become big fans?
Read MoreOne of the key ways to increase the value of any mobile home park is to maximize its occupancy. Filling a vacant lot propels you from zero value to $30,000 to $100,000 of equity based on lot rent. And the only way to fill a vacant lot for most properties is for the park owner to buy the home – new or used – and bring it in themselves to then sell or rent.
Listen To Episode 171There are many types of mobile home parks in the U.S. but only one of these is probably right for you. So how do you select the type of park that will fit your goals? That’s the topic of this event. Frank Rolfe - who along with his partner Dave Reynolds, is one of the largest mobile home park owner in the U.S. and has appeared as an industry expert in many publications - will tackle the idea of how to choose the correct type of park to buy.
Listen To The AudioI unearthed a copy of the 2015 Journal of Manufactured Housing recently and found the lead article was a debate over what the correct name is for our industry. Yes, that’s how little was going on in mobile home parks back then. In this episode of the Mobile Home Park Mastery podcast we’re going to revisit the issue of what the correct name for the industry is, with some shocking conclusions.
Listen To Episode 170In every election there is a winner and a loser. But with affordable housing, the outcome of every election is the same: the demand for affordable housing goes up and nobody does anything about it. As a result, the mobile home park business always does well as the sole provider of quality affordable housing in the U.S. Why does it always turn out this way?
Read MoreAbraham Anderson attended our Mobile Home Park Investor’s Boot Camp in 2019 and has had a prolific start to his mobile home park investing career, having purchased 11 mobile home parks in less than 22 months. He recently gave us this video tour of him walking through one of his properties and describing the steps he took to purchase it and turn it around.
Watch The VideoThere’s nothing quite like direct mail. A successful direct mail piece has a 99% failure rate – and that’s considered a success. Do you know any other thing in life that counts 1% as a win? In this week’s Mobile Home Park Master podcast we’re going to discuss one of the greatest ways to find parks to buy: the good old-fashioned direct mail.
Listen To Episode 169We always think of mobile home parks as being great income properties – but what about the land underneath? Surprisingly, mobile home parks may be the most valuable development site in any city. And it’s been proven over and over again. Why is that?
Read MoreMobile home parks are one of the big beneficiaries of Fannie Mae/Freddie Mac lending. Coming out of nowhere not too long ago, “agency” debt now represents more than 50% of all new mobile home park loans in terms of total dollars. How will this lending powerhouse help reshape the industry in the years ahead, and how can you take advantage of this opportunity?
Listen To Episode 168