The only proven way to make big money in mobile home parks. Mobile home park investing for beginners commercial. Rolfe, along with his partner dave reynolds, boasts being the sixthlargest owner of parks in the country, with 170 parks totaling more than 15,000 lots in 22 states. Mobile home park investing is one of the most misunderstood and most lucrative forms of real estate investing. Reynolds parents owned a mobile home court in colorado. The principals have an extensive 20year track record of success in the mobile home park industry, and have over 55 years of combined real estate investing. Why and how you should be investing in mobile home parks.
He is currently ranked, with his partner dave reynolds, as the 5th largest mobile home park owner in the u. Mobile home parks investorpark relationships part i of. Use features like bookmarks, note taking and highlighting while reading mobile home park 1020 investment system. Download it once and read it on your kindle device, pc, phones or. I have purchased over 50 mobile home parks over the past 12 years and. Because of the preceding and other events, there has been a decline in the number of mobile home parks mhp throughout the u. Reynolds has authored several books and cds on investing in and operating. First of all, he is the 5th largest owner, in conjunction with his partner frank rolfe, of rv and mobile home parks in the u. Find a mobile home park to purchase, sell your mobile home park, locate over 40,000 mobile home parks, and find manufactured home financing, insurance, appraisals and much more. This has now become a formula they teach at mobile home university. Over 15 strategies to find mobile home parks to purchase. From our membership agreement lulu is a place where people of all ages, backgrounds, experience, and professions can publish, sell, or buy creative content such as novels, memoirs, poetry, cookbooks, technical manuals, articles, photography books, childrens books, calendars, and a host of other content that defies easy categorization.
Mobile home park investing podcast our top recommendations. Dave reynolds is a successful real estate investor that has specialized in the purchasing of. Over the past 10 years i have been involved in many aspects of the rv park and campground. By combining their wealth of knowledge and love of teaching, we have produced the best course on these specialty niches, all designed to help make your investment a success. So while most people drive by old mobile home parks and think what a dump, frank rolfe and dave reynolds see opportunity, and a clear plan to convert dilapidated and poorly managed mobile home. Today they own over 17,000 lots in 22 states and are still. I didnt even consider investing out of state even though there were not many deals in colorado. I would say that it should be a must read for anyone interested in mobile home parks, including seasoned investors.
When you have more tenants, the risk is more spread out. First is the fact that he, along with his partner frank rolfe, are the 18th largest owner of mobile home parks in the u. The mobile home park investing podcast real estate. If it passed the initial analysis, then i would try to get an accepted offer and request detailed financials from the seller. When you buy a mobile home park that needs to be turned around and most parks need some. Mobile home park investment bus tour mobilehomeparkstore. Mobile home university is a leading source of quality information regarding mobile home park investments. For those of you who dont know me, my name is dave reynolds.
I soon realized that it was worthwhile to do a more thorough analysis before visiting the property. Mobile home park investment advice from expert dave. How to successfully buy and sell mobile homes, a winwin approach for investors and mh park owners. After a few months of searching, i saw an ad for a mobile home park in limon, colorado. In the meantime i was watching for mobile home parks to buy mainly by checking out the rocky mountain news and denver post. Finding and evaluating mobile home park investments by. Dave reynolds is the coowner of the 6th largest mobile home parks business in the united states. Mobile home park investment research park street partners. He has the keen ability to quickly assess deals, cut through hype, measure upside vs. Since theres so many books out there, ive decided to compile a list of the top 10 mobile home investing books. The mobile home park investors podcast is the worlds first podcast dedicated to mobile home park investing.
Feb 23, 2017 mobile home park investing, manufactured homes, trailer homes. Disclaimer information presented here is for educational purposes only and is not intended to be legal, tax or investment advice. His business partner, dave reynolds, had the same epiphany in 1993. Dave reynolds and a great selection of similar new, used and collectible books available now at great prices. How to turn around a mobile home park part i by dave reynolds. I wish you success in your investment real estate career.
In june of 2008, dave reynolds and his partner, frank rolfe, another experienced mobile home park investor, started conducting mobile home park bootcamps held 4 times per year where we share our. This information can be found all over this site, from free rv park investing articles and videos, to our free rv park investment book that is available to download, to our book how to buy, sell, and operate rv parks and campgrounds, and ultimately our indepth rv park investing home study course. Mobile home park investing promotional video download mp4 or utube. The principals of mhp funds, llc mhpf and their affiliated companies have the 5th largest mobile home park portfolio in the country with over 28,000 lots in over 280 parks in 32 states. But when savvy investors like rolfe and reynolds buy a mobile home park, they do not just passively collect rent payments. If you are already living in a mobile home park and are being harassed weekly by a dictatorlike manager, it may be in your best interest to speak with the owner of the park directly. Mobile homer the new system of mobile home investment.
Preliminaries a rose by any other name would smell as sweet. The remaining tuition balance is compensated through simply partnering together on your. I am very much interested in mobile home parks but know little about them. Great book dave and frank the mobile home park 1020 investment system book is great. We founded mobile home park academy with one main belief that if you are going to invest your time, energy and resources in us, we must provide you the very best quality information available anywhere on mobile home park investing. He graduated from mesa state college with an accounting degree, then worked for his parents and lived in the mobile home court.
The 1020 mobile home park investment system describes and reveals you the right choice to make money and spend money on mobile home parks. I must say no other mobile home park guru even comes close to the real life experiences dave reynolds provides in his books on mobile home park investments. 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. This weekly podcast explains the intricacies of this unique real estate niche and details why an investor would want to own a mobile home park, either directly or through a real estate. With cap rates of 10% to 20%, and cashoncash returns of 20% to 40%, it stands as the highest yielding real estate asset class. Dave reynolds and frank rolfe, how to turn around a mobile home park. Mobile home park investing mobilehomeparkstore blog. Mobile home park 1020 investment system kindle edition by reynolds, dave, frank rolfe. Dave reynolds and frank rolfe real estate investing. Mobile home park 1020 investment system by frank rolfe.
Frank rolfe 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. What you need to know about mobile home park investing. If this does not help perhaps legal counsel is in order. Dave reynolds has been a major force in the rv park industry for over 20 years, in several capacities. Mobile home park 1020 investment system pdf ebook php. Mobile home parks mhps have two unique investment characteristics that differentiate them from apartment investments. When you own a large collection of units, the high cost of occurrences, such as eviction or random expenses, are spread out across a large portfolio and are less of a hit. While investing in mobile home parks can be quite lucrative, actually getting into the market can prove to be quite challenging.
Dave reynolds and frank rolfe bio dave reynolds is a successful real estate investor that has specialized in the purchasing of mobile home and rv parks for the past 12 years. Dave reynolds is a successful real estate investor that has specialized in the purchasing of mobile home and rv parks for the past 12 years. Investing in mobile home parks is a lower risk decision. Thats why we are the resource that the professionals use to gather information on the industry, from. Mobile home park 1020 investment system 9780615185675 by frank rolfe. Dave reynolds, started buying trailer parks together shortly.
Real customers describe their experiences advertising mobile home parks for sale and. The best kept secret in real estate frank rolfe eric siragusa dave reynolds 1 2. Theyve been featured on the new york times and bloomberg and thats for good reason. Top 10 mobile home investing books adventures in mobile. Mobile home parks investorpark relationships part i of ii. Park street partners believes that mobile home park investments offer investors some of the most attractive riskadjusted cash yields available in the current real estate market. Dave reynolds mobile home park investment home study.
Mobile home park 1020 investment system frank rolfe, dave reynolds on. Listen to the mobile home park investing podcast real estate investing niche episodes free, on demand. I need to educate myself first and then would like to. Download it once and read it on your kindle device, pc, phones or tablets.
Heres a summary of what you learned in the video above. Mobile home parks are a viable investment the smarter. Remember that if you are trying to make big cashflow from a park investment from day one, the only option may be to stuff some rentals into it. Mobile home park 1020 investment system kindle edition by dave reynolds, frank rolfe. The risk of loss only decreases with more individual units. Results 1st mentoring mobile home investing mobile. Our results 1st mentoring is intended to secure your first deal within 3045 days with daily effort. This was the first book i read on mobile home park investing that was wrote by dave reynolds and the reason i continued to purchase his books on investing in mobile home parks. I am a successful real estate investor that has specialized in the acquisition of mobile home and rv parks for the past 12 years. Frank rolfe author of mobile home park owners guide to.
You may be lucky enough to find a mobile home park that is up for sale. Meanwhile, the window of opportunity is narrowing to take advantage of a market that has been both maligned and neglected mobile home parks. Dave reynolds is a household name in the mobile home park business for many reasons. In an effort to further help people understand the ins and outs of mobile home investing, frank rolfe and dave reynolds partnered together to host. I just downloaded from mhu the dave reynolds book mobile home park investing and currently on page 16. Rolfe and reynolds aim for a cap rate of 9 to 10 percent when they buy. How to make money in the mobile home park business by dave. Mobile home park investing by david reynolds paperback. Mobile home park owners guide to successful battlefield techniques to.
Building a mobile home rental fortress by dave reynolds and. After 10 years of helping mobile home and mobile home park investors buy, sell and operate their mobile home park, will be having its first ever seminar on april 12, 2008. And receive a copy of our mobile home park investment manual over 500 pages on buying, selling, operating, managing, and turning around mobile home parks and mobile homes all of our forms and contracts to buy and operate a mobile home park this manual includes the 1020 method the proven method to make money with mobile home parks and. Frank rolfe and dave reynolds rank as the 28th largest owner of mobile home parks in the u. For the past decade, dave reynolds has been involved in most aspects of the manufactured housing industry, from buying and selling mobile home parks to running the industrys most popular website for buyers and sellers of mobile home parks. Frank rolfe is the author of big bucks from big signs 3. After discovering that he could make more money buying. How to buy, sell, and operate rv parks and campgrounds by dave. The initial returns were average but i increased rents, reduced expenses and created a very steady and low risk source of monthly income. Mobile home investing dealing with missing skirting by dave. Welcome to thee podcast that will teach you how to successfully invest in and build steady streams of passive income from the highly lucrative niche of mobile home park investing.
How frank rolfe and dave reynolds quietly became the kings. Because someone cared enough at one point to bring me under their wing and show me everything they knew. How i started in the mobile home park business why you should invest in mobile home parks over 15 sources to find mobile home parks to mobile home parks can be excellent investments and with the tools and strategies you will learn from this book you will be ready to take the next step and find a mobile home park to purchase. In a downsized economy where only service industry jobs seem to be booming, the trend is away from upscale properties while demand is growing in the rental sector. Mhu has been the industry leader in accurate information about the mobile home park industry for over a decade, having been established by frank rolfe and dave reynolds, who are the 5th largest owners of mobile home parks in the u. Veteran real estate investors kevin bupp and charles dehart from the mobile home park academy will personally. I owned several sf homes and when the last cycle peaked, sold and 1031 exchanged into mobile home parks here in california.