mobile home investing

Proven to be one of the most profitable assets in real estate, Frank Rolfe joins us today to discuss the right way of investing in mobile home parks. Maximize your business capital by strategizing a success plan before launching, and hear about a platform to accelerate your growth. Let's get started!

Key Takeaways to Listen for 

• 5 Key elements to look for when investing in mobile home parks
• What are the expense ratio and exit strategies of mobile home investing 
• How mobile home education became a business opportunity
• The perks of learning about mobile homes from Mobile Home University
• Advice in establishing a methodological real estate investment plan 

Resources Mentioned in This Episode

• Dollar Tree
• Mobile Home Park Store
• Apartment Syndication Due Diligence Checklist for Passive Investor 

About Frank Rolfe
Frank has been an investor in mobile home parks for almost two decades and has owned and operated hundreds of mobile home parks during that time. He is currently ranked, with his partner Dave Reynolds, as the 5th largest mobile home park owner in the U.S., with over 250 communities spread out over 25 states.

Connect with Frank
Website: Mobile Home University 

To Connect With Us
Please visit our website: www.bonavestcapital.com, and please click here, to leave a rating and review!

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In this episode, I delve into the merits and drawbacks of owning a mobile home park and outline the necessary steps to take when considering a purchase. The speaker offers practical advice on conducting thorough research, analyzing market trends, and securing financing through conventional or alternative means like seller financing. Prior to the negotiation stage, it is essential to undertake due diligence to ensure that the terms of the deal are mutually beneficial for both the buyer and the seller. In addition, the speaker recommends helpful resources such as 

• How to Invest in a Mobile Home Park: For Business, Money, and Profit by David Rousher
• An Insider’s Guide to Investing in Mobile Home Parks by Andy Tallone. 
• The Mobile Home Park Manifesto: Ethical and Profitable Investing in Non-Institutional Grade Land Lease Communities by Glenn D. Esterson

-Links to further your own research into Mobile Home Investing

• https://www.mordorintelligence.com/industry-reports/united-states-manufactured-homes-market
• https://www.marketbeat.com/originals/manufactured-housing-stocks-to-buy/
• https://www.fool.com/investing/2022/03/18/this-mobile-home-reit-is-prospering-from-some-new/
• https://www.amazon.com/Creative-Real-Estate-Investing-Credit-ebook/dp/B0BJ4NC6ST
• https://retipster.com/mobile-home-investing-for-beginners/
• https://www.fool.com/real-estate/2022/05/26/why-a-mobile-home-park-could-be-a-wickedly-profita/
• https://www.multihousingnews.com/are-manufactured-homes-a-good-investment-in-2023/
• https://www.mobilehomeuniversity.com/index.php
• https://www.reonomy.com/blog/post/how-to-invest-in-mobile-home-parks
• https://52ten.com/articles/why-passive-mobile-home-park-investing-is-the-best-investment-youve-never-heard-of/
• https://investorjunkie.com/real-estate/mobile-home-park-investing-for-beginners/
• https://www.liveabout.com/why-you-should-invest-in-mobile-home-parks-4588379
• https://www.samofinancial.com/pros-and-cons-of-investing-in-mobile-home-parks/

To find out more about investing in multifamily real estate schedule a call at https://www.oncallinvestments.com/

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Mobile Home Park Investing - Deals and Syndications | Guest Miles Noland | Podcast Episode 89

Want to invest in mobile home parks? Watch this episode!

Podcast Page: https://probatemastery.com/mobile-home-park-investing-podcast

Watch on YouTube: https://youtu.be/RGQvkG3BIOc

Topics covered:
Mobile Home Park Investing
How to buy a mobile home park
How to speak to mobile home park owners
How to value a mobile home park
MHP Syndications and passive investing



Podcast Episode Chapters:
0:00 Is investing in mobile home parks a good idea?
2:38 Introducing Miles Noland, MHP Investor
7:33 Why I became an MHP Investor
9:15 How to buy a mobile home park
11:34 Mobile Home Park cap rates and deal analysis
15:18 Mobile Home Park syndications
17:54 K-1 tax benefits of a real estate syndication
20:54 Passive investing with mobile home syndications
25:00 Why past clients are the best private money lenders near you
28:21 Connect with Miles Noland & Get access to mobile home investing guides


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Miles began his journey into real estate investing to escape the paycheck-to-paycheck lifestyle. He realized that he didn't want to be a landlord and decided to focus on mobile home parks.

Chad and Miles share that there are numerous benefits to investing in mobile home parks including the potential for high returns, the long-term stability of cash flow, and the fact that it is a "recession-resistant" asset class. They also discuss the process of syndicating a mobile home park deal and the K-1 tax benefits that investors can receive from doing so. 

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Get Mile Noland's free Mobile Home Park Investing for Beginners guide https://treesidecapital.com/

Join our free Facebook group: https://facebook.com/groups/estateprofessionalsmastermind

Learn more about Real Estate Syndication with BiggerPockets' Paul Moore: https://youtu.be/LWt-fv-epJk

Take a Probate Course: https://probatemastery.com

Learn more at www.probatemastery.com

One of the hottest investing techniques in today's market is flipping mobile homes. With historically low housing inventories and home affordability at crisis level, there is huge demand for manufactured housing right now. But there are several major pitfalls that beginners fall into when dealing with mobiles. In this podcast, you'll discover my step by step formula for flipping mobile homes for maximum profits and minimal risks.

• How to successfully invest in mobile home units?
• How to invest less up front and generate high cash flow?
• How did Jay and Samera lose 90k dollars at the beginning of their careers?
• Reasons why Jay and Samera kept going even after losing money
• Mobile home investing.
• The most common exit strategies.
• The kind of fees that  they charge for mobile home investing.
• Finding  the right buyers and sellers for mobile home investing.
• How did Jay and Samera complete over 400 mobile home transactions?
• What is the Trailer Cash Academy program all about?
• What does double-wide mean in mobile homes terms?
• Investment for yourself: What is one way that their investments have helped in their life?
• Investment for others: What is one investment strategy or life hack that would help others in their investment journey?
• Investment for the world: What is one way that their investments are helping to make the world a better place?

RESOURCES FROM THIS EPISODE

• Websites:
  • https://www.mhvillage.com/
  • https://offerup.com/
  • https://www.craigslist.org/
• Youtube: https://www.youtube.com/trailercashacademy

CONNECT WITH US

To connect with Annie and Julie, as well as with other Investing For Good listeners, and to get the latest scoop on new and upcoming episodes, join the Life and Money Show Community on Facebook.

To learn more about real estate syndication investment opportunities, join the Goodegg Investor Club.

Be sure to also grab your free copy of the Investing For Good book (just pay S&H).

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Thanks for listening, and until next time, keep investing for good!

By far the majority of mobile home park residents are wonderful people. But there are a few residents out there that have learned how to take advantage of the system and good-natured park owners. The good news is that there are ways to defend against those who attempt to push false narratives and unfairly manipulate the general community.

The average car in the U.S. has an engine with 120 horsepower. Yet there are engines out there with ten times that much power. Mobile home parks are no different, as they often have ten times more cash-flow ability than more conventional forms of real estate. How much horsepower does a mobile home park have and how can you gauge it? In this week’s Mobile Home Park Mastery Podcast, we’re going to review where the horsepower in a mobile home park comes from, and how to calculate its maximum output using some key metrics. 

The mobile home park industry is constantly evolving and today’s park owner is more focused than ever before on building a sense of community and maximum resident satisfaction. So how do you do that? In this episode of Mobile Home Park Mastery we’re going to discuss the latest trends in mobile home parks and how they create the desired results in building superior resident happiness and value.

The bulk of the 44,000 mobile home parks in the U.S. were built between the 1940s and 1970s. So how can you tell which decade your park is from? Why is that important? In this episode of the Mobile Home Park Mastery podcast series, we’re going to discuss the key features that separate parks from these eras and the impact on your investment, as well as what the clues are that allow you to make this determination. 

History is the “study of past events”. And when you connect the dots to the past you can see trends that influence the future. In this final installment in our four-part series titled “Literary Lessons Learned” we’re going to review some interesting parallels between the current economy in the U.S. and the past, and see what future trends can be predicted from past events. You’ve heard the old adage “history repeats itself” and that’s definitely true – the key is understanding what those cycles are and how to profit from them.

There’s no better strategy than to follow in the path forged by someone else who was successful. Biographies are books that are “an account of someone’s life” and a fascinating glimpse into the key drivers to how they accomplished what they did. In this third installment of our four-part series on “Literary Lessons Learned” we’re going to focus on learning concepts for success from the life story of several top American business people.

Patton, Montgomery, Eisenhower – some of the greatest strategists in world history have been military leaders. In this second installment of our four-part series on “Literary Lessons Learned” we’re going to discuss some of the great military theories and how they relate to mobile home park acquisitions and management. You’ll see that there is a huge overlap between armed conflict and business, and the theories that advance troops on the ground can also propel your mobile home park investments farther.

Books have been the foremost way of transmitting knowledge since the beginning of time. In this first installment in a four part series on “Literary Lessons Learned” we’re going to review some profound thoughts from great business books and how they relate to the purchase and management of mobile home parks. This podcast condenses down thousands of pages of books into some important points on success.

The 1970s brought us Van Halen and Smokey and the Bandit. But it also ushered in a new era in the mobile home industry. In this final segment of a three-part series on mobile home trivia, we’re going to look at how the industry changed dramatically in the 1970s and changed it’s focus to affordable housing and lower-priced production via HUD’s new involvement in the industry – all through some little-known trivia. This episode ties the two earlier ones together and brings you up to date on the history of the industry through some fun facts and figures.

Elvis lived in a mobile home both in Hollywood and in Tennessee. The 1950s and 1960s were the “Golden Era” of the mobile home industry, yet too few people understand this fact. In this second of a three-part series on mobile home trivia, we’re going to delve into some little-known facts about the mobile home industry from this important period in its history. Hard to believe that even Elvis had his blue suede shoes in mobile homes during this period.

The mobile home park industry is actually quite a fascinating story that is immersed in American culture. Starting in the “Roaring 20s”, proliferating in World War II, and being an active participant in the growth of the American Dream, there are few products that are more colorful – or more misunderstood – than the mobile home. In this first of a three-part series, we’re going to dive into some really fascinating trivia about the industry from the 1920s to 1940s to get a better understanding of its early origins.

We’ve reviewed all the operational aspects of mobile home park operations – but what about the spiritual? How can mobile home park owners sleep soundly with the knowledge that they have done right by their customers and the community at large? In this final installment of our nine-part series on “Mobile Home Park Perfectionism” we’re going to review the key truths that all mobile home park owners must believe in order to be happy with what they do.

There’s no point to filling lots and homes if the customers move right back out. In this eighth installment of our nine-part series on “Mobile Home Park Perfectionism” we’re going to review the latest concepts in keeping your customers happy and wanting to stay in your property. With lot rents rising in mobile home parks from coast-to-coast it’s important to understand how to keep your customers appreciative the value of what your property has to offer.

You can’t run a mobile home park without a manager – and sometimes you can’t run it with one. So how can you make a manager perform on all 8-cylinders? In this seventh installment of our nine-part series on “Mobile Home Park Perfectionism” we’re going to review the best techniques and concepts to get your employees to give their job 100% effort. 

It’s a scary world out there. There’s liability in almost everything you do. In this sixth installment of our nine-part series on “Mobile Home Park Perfectionism” we’re going to discuss how to best insulate your mobile home park from risk. We’re going to show you techniques to be proactively remove potential liability on a continual basis. If you are a “worrier” then you’ll definitely get value from this episode (and if you don’t worry about anything, you need to start).