But NPR is determined to show that even when park residents are big winners its all part of an evil plot by corporate owners. Most accurate and up-to-date information on the mobile home park industry. University Mobile Home Park is near Spokane International, located 12.9 miles or 21 minutes away. Thank you for your cooperation. The class included the perfect park buying tool box coupled with people management concepts- doesnt get any better than that! In order to provide some services MHVillage keeps track of which pages on the website you visit and with which MHVillage customers you have interacted. 9518 E 4TH AVE TRLR 98, Spokane Valley, WA 99206. Thats the focus of this Mobile Home Park Mastery podcast. Your host is Frank Rolfe, the 5th largest mobile home park owner in the United State with his partner Dave Reynolds. -Pratap. The tour of the parks on Saturday injected some real life examples to what we leaned in our manual. The instructor will be Frank Rolfe, the 5th largest owner (with his partner Dave Reynolds) of mobile home parks in the U.S. with over 20,000 lots in 28 states. You would think that would be good news for the 8% of Americans that live in mobile homes. Lounge When we initially considered getting involved in the mobile home park business, we noticed there were multiple sites offering books, manuals and "boot camps", etc. Why You Should Never Build A Mobile Home Park. Immediately I sent an email to Frank. After more closely comparing the available options, your credentials and deep knowledge of the industry won us over. The leasing team is available to assist you in finding the perfect fit. So how do you harness the affordable housing trend? Located on a prime 90 foot corner lot in HPISD zoned for Bradfield Elementary, this luxury estate has been completely remodeled and reimagined by Waterside Properties. I read every book on the subject and every internet site I could find. you gave me when i got a little zealous and impatient. Fitness Center In this Mobile Home Park Mastery Podcast were going to discuss the many byproducts of higher home mortgage rates most of which are positive by nature and reflective of U.S. megatrends. as a reminder, I'm from the Dallas boot camp in june. Using the information I received I bought a fantastic park with great cash flow and tremendous upside. Thanks to your teachings, my wife and I just finished purchasing our first mobile home park and wanted to send along a "thanks" to both of you. It was worth the time and money. Affordable Housing is the hottest arena in commercial real estate right now. $1,275-$1,875 Thats the topic of this Mobile Home Park Mastery podcast. Barron's Mobile Home Park is conveniently located two miles from the Auburn University campus, one mile from the Auburn College of Veterinary Medicine, and is on the route of the AU Tiger Transit. This contrarian hedge is why Warren Buffet is the largest owner of mobile home manufacturing and financing in the U.S. Its unique since virtually no new parks are allowed to be built and the fact that tenants cant afford the $5,000 it costs to move a mobile home keeps revenues stable and makes it easy to raise rents without losing any occupancy. Thats the focus of this episode of the Mobile Home Park Mastery podcast. The class will start at 9am Mountain Time each day. I realize how demanding a schedule like that is and appreciate your willingness to share. mobile homes older park-owned units were often relegated to the scrap heap. On-Site Managers: Episode 285, Why Credit Scores Dont Mean Much In Affordable Housing: Episode 284, The Limits On Grandfathering Protection: Episode 283, The Many Similarities Between Mobile Home Parks And Dollar Stores: Episode 281, Theres Nothing Uplifting About Lift Stations: Episode 279, Snow, Wind And Thermal Zones: Episode 277, Addressing The Elephant In The Room: Episode 276, Sharing Is Not Always Caring: Episode 275, The Impossible Job of Being Both Good Guy and Bad: Episode 274, Protecting Your Community in a Lawless America: Episode 273, What If Interest Rates Never Come Down? Here is my story - I went to Dave Reynolds and Frank Rolfe bootcamp in Chicago.Frank was the instructor and he taught me everything I needed to know - How to find, How to negotiate, How to do due diligence, how to get financing and how to manage a park. Additionally, as we started finding parks that interested us, we followed your due diligence manual thoroughly. Properties may or may not be listed by the office/agent presenting the information. Why Do We Teach Others How To Buy Mobile Home Parks? Making any exceptions for residents or employees spells disaster for systematically improving the overall business. I was amazed at the availability of Frank and Dave to mentor to us, answer our questions, provide examples of situations, share their own experiences and mistakes, and provide direction for what to do once we had left the Boot Camp. My life goal is financial freedom & independence; your teachings truly have put me on that path of it really happening, affording me so many future choices/opportunities with my life, man it's exciting! I think that you guys did a phenomenal job, and it was far above and beyond anything that could have been expected- thank you very much! I consider your program one of the best. This allows for live Q&A throughout through chat. I've been talking with a few people from the boot camp and everyone thought it was good. And the authors of the articles, books, courses and boot camps are Frank Rolfe and Dave Reynolds, who are the 5th largest owners of mobile home parks in the U.S., with a portfolio of over $500,000,000 in parks and a 30-year track record. Your books and CDs did a great job of getting us up to speed regarding MHP investing, and attending the boot camp was critical for getting us past our final concerns and questions. All Rights Reserved. I can't imagine doing this without Dave and Franks info. I'm not sure how you did it but it is a completely different vibe that what I get from other industries and their seminars. I literally walked out of the event with a business plan to buy my first mobile home park and all the tools I needed to do it. (at which i'm doing the work of 3 people during a very busy time!) I am now on the hunt for my first deal!!!! Jerome Powell at the Fed has ushered in an era of interest rate instability that has not been experienced in over 40 years. -Pratap, Thank Perry for the great pictures. We will walk parks virtually on Saturday afternoon and show you everything you need to know in the field. He is currently ranked, with his partner Dave Reynolds, as the 6th largest mobile home park owner in the U.S., with over 170 communities spread out over 20 states. In Unit Washer & Dryer University Mobile Home Park is an apartment community located in Spokane County and the 99206 ZIP Code. Each office independently owned and operated. all of your materials and attended one of your boot camps. Each day of the class will end between 5pm & 6pm depending on where we get in the material. Your browser is not currently supported. WE TEACH Mobile Home Park Investing. 4329 McFarlin Blvd , University Park, TX 75205-1628 is a single-family home listed for-sale at $5,995,900. Virtually all of the largest mobile home park operators in the U.S. even send their kids to us for training thats how well respected this event is in the industry. 2804 SW J Ave Lawton OK 73505. You can also call (855) 879-2738 or email [emailprotected] to sign up. Smoke Free, Dog & Cat Friendly In the search for income, many investors overlook the simple fact that there is no income until your capital is safely returned. This is extremely confusing to residents and often fails to accomplish what you desire as the owner. Mobile home parks can provide both operators and passive investors with highly compelling risk-adjusted returns. I have done every single thing you've taught through your cds, books, emails and conversations. The leasing team is available to assist you in finding the perfect fit. In this Mobile Home Park Mastery podcast were going to drill down on this unique feature of many communities to understand the fine points to buying and operating a lift station. The pandemic has hammered home the necessity to invest in contrarian industries that flourish in instability. Clubhouse, Dog & Cat Friendly If you ever have a question or comment, we would love to hear from you. I was completely fascinated by all the first hand experience and stories from people (both you and attendees) really "in the trenches out there" like Brian and I. 99005, 1-3 Br Drawing from his many years in the business, he teaches through storytelling, making for an incredibly informative and entertaining three-day program. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Heat They are supposed to wear two hats: 1) the nice person and 2) the tough person. I gained so much from my first time to the program that I decided to return! 12.6 mi, 1-3 Br This area is served by the Central Valley attendance zone. When you have two mobile home parks in the same basic market, you always wonder if you would be better off hiring one manager to supervise both or having two separate managers to do the job. 50 combined years in the real estate business. We wanted to thank you so much for all the effort and planning that you put into the boot camp this weekend. If you have a disability that is preventing you from experiencing this The 6,267 sq. University Mobile Home Park in Lawton, reviews by real people. Beautiful 3/2 Champion porch model home is available now! RE/MAX, LLC is an Equal Opportunity Employer and supports the Fair Housing Act and equal opportunity housing. University Mobile Estates 24414 University Avenue Loma Linda, CA 92354 All Ages Community +1 Click to View Photos 31 people like this park. Fitness Center This rental is accepting applications through Apartments.com. They were all great and I look forward to working with you in the future. The knowledge I gained during your boot camp really helped me save a lot of money and totally control the negotiation process.thanks again! Dont have enough money to buy the great deal youve found? I look forward to attending your next conference/convention in addition to your weekly calls. By the end of the boot camp, we felt like we had much more clarity on what kinds of parks make money, how to analyze the numbers relating to a park, how to best negotiate with sellers and the key risks to be aware of. Controlled Access, Fitness Center Downstairs is the completely new Kitchen, Living Room, Family Room, Dining Room, Powder, Downstairs Primary suite and guest suite. Based in Grand Rapids, Michigan, MHVillage Inc. is the nations premier online marketplace for buying and selling manufactured homes with more than 25 million unique visitors annually. $117,000 3 Beds. I'll see you out in Vegas. Fitness Center At Continental Communities, our wholly owned subsidiary, Chartwell Financial LLC, offers flexible programs that can help even those with damaged credit obtain the financing to buy a new, pre-owned manufactured or park model home in one of our popular quality communities located throughout the United States.We'll work with you to explore flexible down payment and monthly payment options that can get your family into a home today with loan terms that match your lifestyle and personal goals.Unlike other finance companies, we at Chartwell Financial not only originate all of our loans, but we also service them, giving our valued residents/homeowners the convenience and peace of mind that comes from one-stop shopping for all their loan services.Chartwell Financial has originated, closed, and administered nearly $15,000,000 in new and pre-owned home financing for residents of communities owned by Continental Communities.Chartwell is just one option you have for financing for purchase of a home in our community. We will have a special Roundtable event after the Boot Camp to give you Q&A access to a number of other industry professionals. This apartment community was built in 1962 and has 1 story with 107 units. Thats the goal of this Mobile Home Park Mastery podcast: to dissect what the 2023 recession may look like and what the impact might be. Before the class, buying a park seemed very unlikely, but now doable. The bank that owned the note agreed to finance the deal, but after months of back and forth, simply could not get the job done. From $4500 to $6500. If you fit that profile, then the key initial question is what are the big differences between the two? In this Mobile Home Park Mastery podcast were going to review the differences between these two housing investment options. I am excited and can't wait to put our first park under contract. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We have been working on reading all the great books that were included with the boot camp and find them to be packed full of information PLUS so much fun to read after meeting you both! And obviously, based on this definition, life in 2023 will not be fair. park. Be the first to add a review on this property. I have closed a 102 space park. I cant thank Frank & Dave enough. Sq Ft. Favorite. Very nice to work with them. One was not to panic when this kind of stuff happens. No! Advertisers or other companies do not have access to MHVillages cookies. We have had many experienced investor's and property owners from all types of backgrounds including large park owners, apartment investors, single family housing investors, commercial and office investors. They have over 25 years of experience combined and hundreds of deals done. Granite Countertops Ill be in touch as soon as i refi this park and move on to the next. What Are Walk Score, Transit Score, and Bike Score Ratings? We will conducting the "virtual" mobile home parks tours on Saturday afternoon. People always say it is one of if not the best seminar they've ever been to on real estate. There are 24 cities in or around University Mobile Home Park. Another thing you have done is managed to create a community of real genuine people. First time in my life I saw a Mobile Home from inside. So how can you guard against acquisitions that are the opposite of portfolio-builders? Controlled Access Your browser is not currently supported. We will have scheduled 10 minute break about every hour and a lunch break around noon. MHVillage automatically receives and records information from your browser, including your IP address, MHVillage cookie information, and the page you requested. Riviera has a median listing home price of $395K, making it the most expensive city. Fitness Center Larger parks have allowed for on-site or off-site manager possibilities for years, but smaller parks have been relegated to strictly on-site options. We learnt a lot. Package Service, Dog & Cat Friendly Dave Reynolds is a household name in the mobile home park business for many reasons. With over 20% of American households now making $20,000 per year or less, and another 10,000 baby boomers per day retiring into social security incomes that average only $14,400 per year, the demand for affordable housing is giant and growing daily. Having experience behind me allowed me to absorb a great deal of subtleties from the discussion. But are you aware there's some other requirements that HUD placed on mobile homes that are important that you be aware of? I find it fascinating how even though everyone is seemingly competitors there is such synergy to help everyone succeed. Here youll find three shopping centers within 0.5 mile. Thank Perry for the great pictures. Fitness Center First is the fact that he, along with his partner Frank Rolfe, are the 6th largest owner of mobile home parks in the U.S. with over 8,000 lots spread out over 17 states. Thanks againyou guys are awesome!!! In Unit Washer & Dryer By clicking "Send Message" you agree to receive email from this seller or sales agent, which you can opt out of at any time. They entered the world without a silver spoon & borrowed friend/family money for their first park. 539 SR 27. HowLoud. Pool Once you register with MHVillage and sign in to its services, you are not anonymous. Everyone went "above and beyond" to make sure the weekend was informative and on point. Thanks for letting me come to the boot camp again. Kitchen Complete with a two car garage gated from the alley, two laundry rooms, one up and one down. I wouldn't be surprised at all if a partnership opportunity comes along because people have seen what we did. Factors that influenced these ratings include building design, construction, exterior spaces, and amenities. This has created an environment in which traditional banking is not always the attractive solution to getting deals done. This browser is no longer supported. So what will that do to the mobile home park industry, and what are the statistics from the 2000 and 2007 recessions to support these observations? Premont is . In this Mobile Home Park Mastery podcast, were going o discuss the ramifications of these higher rates and project the impact if they never go down again. I went to Frank & Daves boot camp in January, then 3 months later in April I had my first park under contract, and then in July, 6 months after attending their boot-camp, I was the proud owner of my first mobile home park. 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Are important that you be aware of with great cash flow and upside. Has created an environment in which traditional banking is not always the university mobile home park solution to deals... And Franks info addition to your weekly calls the industry won us over residents! Parks virtually on Saturday afternoon and show you everything you need to in. Be aware of to the next to know in the Mobile Home from.. Forward to working with you in finding the perfect fit the 6,267 sq and... Re/Max, LLC is an Equal opportunity housing housing trend `` virtual '' Mobile Home park we finding... Have a disability that is and appreciate your willingness to share i i.