Mobile Home Park Mastery

Benjamin Franklin is well known for his wisdom. And he nailed the importance of due diligence on mobile home parks when he said “diligence is the mother of good luck”. Indeed, due diligence is the key step to ensuring that the mobile home park you are buying will perform as anticipated, and be devoid of terrible physical and operational problems. We’re going to examine three important action steps to performing great due diligence on a property on this week’s Mobile Home Park Mastery podcast. If you like to only invest in successful properties, then this podcast is for you.

Getting the right price on a mobile home park normally includes some degree of proficiency in the skill called “negotiating”. Webster’s defines “negotiating” as “to obtain or bring about by discussion”. So how do you conduct this “discussion” properly and work with the seller to strike the price that is fair and within your boundaries of making a successful investment? In this Mobile Home Park Mastery podcast, we’re going to examine three important action steps to negotiating like a pro.

Finding the correct mobile home park to acquire … it’s one of the most important steps in mobile home park investing. In this week’s Mobile Home Mastery series, we’re going to review the top three action steps in finding a park that meets your investment criteria. You’ll hear what these three steps are, and stories of how they became a part of our personal action plan that has amassed over 300 properties. This is the first in a five-part series on the three action points to finding, negotiating, performing due diligence on, turning-around and operating mobile home parks. These are very specific concepts derived from over twenty years of labor in building the 5th largest portfolio of mobile home parks in the U.S. If you want to hear the facts – and not the fiction – about mobile home park investing, then Mobile Home Mastery is your one-stop source.

We’ve gone over the state of the mobile home park product, as well as what to expect mobile home park investing to look like on paper. In this final issue of our three-part series, we’re going to discuss the mobile home park investment climate today – from the views of city and federal government, to those of lenders, Wall Street and the media. It’s an important glimpse into who the friends of the industry are – and who are not.

In the second of our three part series, we’re going to discuss the current state of mobile home park economics – including cap rates, cash-on-cash returns, the importance of spread and other topics. Think mobile home parks offer higher yields that other real estate sectors? How high? We’ll examine that and other important issues on this podcast.

We’ve talked about the past and the future – so let’s focus on where things stand today. On this podcast, we’re going to go over the stats on where the industry sits at this very moment. And we’re doing this in a three part series reviewing the product, the economics, and the investment environment we are currently in. While history is important – and the future is exciting – it’s the here and now that determines our current returns as mobile home park investors.

One of the big news stories in the mobile home park business today is the renewed interest and support from the U.S. Government. After nearly a half-century of absence, American elected officials are putting pressure on Federal agencies to help with the affordable home crisis in general, and the mobile home park industry in particularly. With proactive products such as new Fannie Mae and Freddie Mac loan programs for parks, a new Section 8 voucher program, and even tax incentives for those who do not re-develop their mobile home park into a different use, Uncle Sam is becoming a fast friend of the industry. And there’s more to come under the new Federal directive called “Duty to Serve”.

In this episode, Frank Rolfe discusses the future of mobile home design and how it could impact the demographics and reputation of mobile home parks.

In this episode, Frank Rolfe discusses why consolidation of mobile home parks is a good thing for the industry and the consumer.

In this episode, Frank Rolfe discusses the critical numbers you need to hit when investing in mobile home parks in order to get maximum return on your investment.

In this episode, Frank Rolfe discusses the surprising history of the mobile home park, and its impact on current investments.

In this episode, Frank Rolfe discusses the reasons why people invest in mobile home parks.