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The Most Complete and Realistic
Mobile Home Park Investment Home Study Course
Mobile Home Park Investment Home Study Course - Bundle 1
Includes the entire 24 hour CD Series
- How to Buy a Mobile Home Park - 7 CD's
- How to Sell a Mobile Home Park - 5 CD's
- How to Operate a Mobile Home Park - 6 CD's
- How to Turnaround a Mobile Home Park - 6 CD's
includes a PDF Download of the Transcripts of these CD's that you can follow along with as you listen - 675 pages!
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 10/20 Method - The Proven Method to Make Money with Mobile Home Parks
AND
Receive an additional set of 24 CD's which covers 12 Months of the Frank and Dave 2 Hour Shows.
AND
BONUS 1:
Receive one Quick Deal Evaluation for FREE - this is where Frank or Dave
will take a look a deal that you have under contract and
provide you with their thoughts on the deal. This service is
also normally priced at $199.00 but one is included for FREE.
AND
BONUS 2:
Because we always want to OVER-DELIVER
you will also receive access to our weekly mentoring hour.
This is where Frank or Dave or Both of us will be on the phone
answering questions or talking about new things happening in the
industry. Again, this is FREE with the Home Study Course. You can ask any question
or talk about deals.
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HOW FRANK TURNED A $10,000 INITIAL INVESTMENT IN A MOBILE HOME PARK INTO A $1,000,000 PROFIT – AND HOW YOU CAN, TOO
If you have $10,000, you could buy a mobile home park just as I did in
1997, when I bought my very first park just south of downtown
Dallas. I paid $400,000 for it, and put only $10,000 down, with the
seller carrying a $390,000 note with no recourse. It was, on the
surface, a piece of absolute junk. The newest home was probably from
1980, the lots were small, the clientele less than desirable, and
there was trash and debris, including abandoned cars, throughout the
park.
Little did I know, at that time, what a great opportunity had been
presented to me. More than once, I considered giving the thing back
to the seller, particularly when I lost my natural gas system, and
other times when I just had a bad day and could not see the future
in what I was doing.
But I stuck with the park, I fixed the problems, I re-marketed it to
better tenants, and I increased the income – a lot. I took the lot
rents from about $150 per month to $385 per month, and I cut every
cost imaginable. For example, I renegotiated the cable TV contract
from $2,000 per month to $0 by having the tenants pay it themselves,
and I halved the trash bill through competitive bidding. I also
fought my property tax assessment, and proactively took measures to
reduce repair and maintenance.
Almost a decade later, I sold the park for $1,525,000 – which
represented a gain of $1,000,000 over what I had invested in it.
The Mobile Home Park Home Study Course offers you a roadmap to do the exact same
thing that I did on that park. Or the others that followed. It
represents over 20+ years between Dave and I on learning how to make
money in mobile home parks, and another $100,000,000 in real-life
parks bought and sold to gain that experience.
Without this course, I can honestly say that your odds of success are very low.
And with it, your odds of success are very high. If I had it to do
all over again, I would not even think of buying a mobile home park
until I had read and listened to this course.
Never.
It would have saved me a fortune in wasted time and capital, and would have reduced my learning curve by at least a half a decade.
When you invest in this course, you also
receive once-a-week access to our mentoring hour, to give you
continual support on the concepts put forward in these materials.
You’ve heard the old adage “you have to spend money to make money”. That’s never been
more true than with the Mobile Home Park Home Study Course.
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HOW DAVE STARTED BUYING MOBILE HOME PARKS WITH NO MONEY AND A $60,000 CASH ADVANCE FROM HIS CREDIT CARDS
About 12 years ago, after seeing how well my parents mobile home park was
cash flowing in the high mountain town of Fairplay, Colorado, I
decided I wanted to buy a mobile home park as well. I had just
finished up 6 years of college and really did not want to work as a
CPA. I didn't have much money in the bank but I did have good
credit (and alot of it). I found a Mobile Home Park in Limon,
Colorado that I could buy for about $60,000 down. Since I did
not have the money in the bank, I went out and maxed out my credit
cards to come up with the down payment.
It was a scary time and my wife and most of my family and friends
thought I was crazy. However, the park cash flowed well and
made all the payments on the loans and credit cards. About 2
years later, I refinanced the park and paid off all the credit
cards.
Then what did I do? I found another mobile home park to buy in Fort
Morgan, Colorado. This one required $75,000 of a down
payment... NO PROBLEM... I went out and maxed my credit cards out
again and bought that park.
That one was a better deal than the first one and about 15 days after
buying that park and moving my family there to run the park, I had
an offer from one of the people that was staying in an RV and living
in the park. They offered to pay us about $150,000 more than
we had just paid plus they were throwing in their 5th Wheel Trailer.
So 30 days later, we sold the park, paid off the credit cards, and now had
about $150,000 in cash to work with.
The sale of this park fueled a park buying machine (ME) and over the
past 10 years I have been buying, turning around, flipping, and
selling parks like a madman. So far, I have owned about 60
mobile home parks and currently have an interest in over 15 parks.
With so many parks in different states I have experienced everything from
hurricanes, floods, tornadoes, fires, failure of my sewer plant, a
bad water well, and all kinds of fun things. I have learned
from all these experiences and hope that you will learn from my
experience and hopefully avoid some of those big bumps along the
road.
While I do not recommend going out and maxing your credit cards out, I do recommend good
mobile home parks that cash flow. You have to buy parks based
on current occupancy and numbers and not some pie-in-the-sky
projections!
The Mobile Home Park Home Study Course offers you a roadmap to
avoid my mistakes and duplicate the things that worked on all of
those parks.
Most investors are not looking for the roller coaster ride of 60
mobile home parks so it is really important to buy the right park if
you are only looking for one or two.
Had I had this course when I started I could have
saved somewhere between one and two million dollars by knowing what
works and what does not work in this business.
In the past 12
years I have NEVER seen so much opportunity to buy good
quality parks than I am seeing right now. Affordable
housing is in and due to the current lending crisis, savvy
investors are picking up great deals on parks that have not
been available for years. While writing this I have 5
mobile home parks under contract to purchase right now and
they are all with seller financing terms!
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Dave and Frank -
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. When we initially
considered getting involved in the mobile home park
business, we noticed there were multiple sites offering
books, manuals and “bootcamps”, etc. After more closely
comparing the available options, your credentials and deep
knowledge of the industry won us over. We subsequently
purchased (and read!) all of your materials and attended one
of your bootcamps. We can honestly say that without your
guidance and teachings, we either would have purchased a
park in completely the wrong way (as we feel most other
“gurus” appear to teach) or we would have been floundering
with the “next steps”.
Although we had the natural questions of “are we wasting our
money” when we first ordered your materials, within the
first few chapters, we realized that we had found the right
source for information. Your books and CDs did a great job
of getting us up to speed regarding MHP investing, and
attending the bootcamp was critical for getting us past our
final concerns and questions. By the end of the bootcamp, 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. We also felt like we had the knowledge to operate
the park after closing with the forms, leases, rules, etc.
you provided as part of the bootcamp.
My wife and I are very analytical and detail oriented by
nature and your materials are written with phenomenal
clarity and depth. The 10+ years of expertise and experience
you both have in the industry clearly shows. After
thoroughly reading your manuals and listening to your CDs
and attending your bootcamp, we had few questions left about
how to proceed and be successful in the business.
Additionally, as we started finding parks that interested
us, we followed your due diligence manual thoroughly. Again,
this guided us through each step of the way, and the logic
to each step was clearly explained.
As we have continued to review what other websites and their
associated “guru’s” are peddling, we are 100% confident in
your teachings, and we feel fortunate that we started our
MHP investing career AFTER you decided to start teaching.
Thanks again for all of your help, Steve T.
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Lets Recap: With the Mobile Home Park Investment Home Study Package you get:
- 24 CD's and a PDF Download of the Transcripts
- The 540 Page Mobile Home Park Investment Manual
- All of our Forms and Contracts to Buy and Operate Mobile Home Parks
- 24 More CD's with Frank and Dave Covering Mobile Home Park Investment Topics
- Free Quick Deal Review
- Free Access to our Weekly Mentoring Hour
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If you compare this course to any of the other books, courses,
manuals, or products out there, we would have to charge more
than $2,500.00.
However, since our goal at mobilehomeuniversity is to provide valuable
information and make it affordable, you have everything that
you will need to purchase your first mobile home park or
turn around an existing one.
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For the price of roughly 3 monthly lot rents on just 1 lot
you can own the most comprehensive course on mobile home
park investing there is.
Invest in the Home Study Course (Bundle 1) for $597.00.
3 payment plan available. Once you click Add To Cart
there will be an option on the check out page.
90-Day
Money Back Guarantee!
If you're not completely satisfied with Mobile Home Park Home Study Course
for any reason, simply return it in resalable condition and I will immediately refund your
invested money in its entirety - no questions asked!
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Our Home Study Course is not like anything you have ever listened to or read before. We do not
fill it with a bunch of fluff on how your are going to make a million bucks with no money down. We tell you the whole
story... the good, the bad, and the sometimes ugly.
Our Goal is Simple:
we show you how to invest wisely in mobile home
parks and more importantly tell you what to avoid so you don't risk
your entire investment!
Detailed Home Study Course Description:
Part 1: The 24 Hours on CD on How to Buy, Sell, Operate, and Turnaround a Mobile Home Park
How to buy a Mobile Home Park
In our "How to Buy a Mobile Home Park" series, you will learn what it takes to make a good investment
decision, and how to find the mobile home parks that best meet these investment objectives.
If you believe that you make or lose money in real estate on the front end, when you decide to buy, as we
do, then your mastery of this skill is essential to profitability.
Like all of Frank and Dave's products, every idea has been tested over and over again in real
life -- not just academic theory. We will tell you what works and what doesn't, filled with examples of what happened when we tried it.
- Learn the deal-killers that you should avoid at all costs.
- Learn how to value a mobile home park.
- Find out the essential dynamics of the proper use of park-owned rental homes.
- Structure your deals to minimize risk
- Learn how to mitigate significant problems when they pop up.
With this series you will learn how to build a professional-grade mobile home park acquisition assembly
line, where you will be looking at fresh deals on a consistent basis.
And, as with all Frank & Dave products, you will hear nothing but reality -- no glossing over
important, but not always happy, issues. Frank & Dave tell it like it is, and in so doing, take your understanding of the Mobile Home
Park investment class from 0 to 60 in a very short amount of time.
The How to Buy a Mobile Home Park
series includes 7 hours all recorded on audio CD's that you can
listen to at your convenience. In addition you can download the
mp3 files to play on your IPOD.
Here is what is included on each CD:
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CD 1 Includes:
- Brief History of Mobile Home Parks
- Types of Mobile Home Parks
- What Generally Works (Top 10)
- What Generally Doesn't Work (Top 10)
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CD 2 Includes:
- Calculating a Cap Rate
- Calculating a Cash on Cash Return
- Breakdown of a Profit and Loss
Statement - Revenue & Expenses
- Looking at various P&L's
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CD 3 Includes:
- The Worst Deal we have ever done
- The Best Deal we have ever done
- The Perfect Deal (if it exists)
- Finding a Park to Buy
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CD 4 Includes:
- Determining Value and Coming up with a
Price
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CD 5 Includes:
- Putting the Mobile Home Park Under
Contract
- Parts of a Contract
- Exhibits
- Time Frames
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CD 6 Includes:
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CD 7 Includes:
- Third Party Reports
- Getting a Loan
- Closing
- Taking Over
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After listening to all the CD's in this series we are confident that you will be ready to take the next
step and Buy a Mobile Home Park that you can turn into a long term investment of positive cash flow or a quick flip.
None of our competitors can even come close when you consider that we have done over 100 mobile home park deals in the past 10 years.
How to Sell a Mobile Home Park
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