Mobile Home Park Investing Articles

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Why The Brexit Vote Is Good For The Mobile Home Park Industry

The U.K. has voted to exit the E.U. That’s a lot of initials. But there’s one more: that’s “O.K.” with mobile home park owners. Indeed, Brexit is a great thing for the mobile home park industry, which makes big gains as a result, with virtually no downside. So if Brexit is thought to be the beginning of the end of the free world – and the stock market is certainly demonstrating that today – then why are mobile home park owners smiling?

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What If My Mobile Home Park Is The Next Flint, Michigan?

If you follow any mainstream news or social media, you have likely seen or heard about the recent Flint, Michigan water contamination crisis. Essentially what is going on is the City of Flint, Michigan, as a cost saving measure, switched their water supply from Lake Huron to the Flint River nearly two years ago. Unfortunately, the Flint River water was more corrosive than the Lake Huron water and caused the metal and lead water pipes to break down. The lead and other contaminants in the pipes then leached into the water stream. Long story short, toxic levels of lead have been found in the City water supply, and residents are alleging they are sick as a result. The City faces class-action lawsuits, fines, and the onslaught of national media coverage. Spoiler alert, there is such thing as bad press.

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Why Mobile Home University Is The Only Mobile Home Park Academy You Need

The Mobile Home Park Investor’s Boot Camp from www.MHU.com is the #1 class and resource for learning how to identify, evaluate, negotiate, perform due diligence on, renegotiate, finance, turn-around and operate mobile home parks in the U.S. This Boot Camp has trained virtually every major buyer of mobile home parks in America, as well as the heirs to the largest portfolios in the U.S. One group that attended the Boot Camp was the New York Times that declared that “…the people involved with Mobile Home U may represent the best thing going in affordable housing at a time when the nation’s need for low-cost places to live has never been greater.”

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The Article “Think Twice Before Downsizing To A Mobile Home In Retirement” Is Filled With Inaccuracies And Just Plain Bad Journalism

Roughly 10,000 Baby Boomers per day are entering retirement currently, and many of these are considering downsizing their housing needs and costs as a part of their overall retirement plan. Unfortunately, some may miss an important option to downsize into a manufactured home. While it’s not the correct decision for everyone, there are those who can’t properly analyze the opportunity due to ignorance of the facts. And that’s the case for the Yahoo Finance writer who wrote “Think Twice Before Downsizing to a Mobile Home in Retirement”.

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Before You Listen To Any Mobile Home Park “Expert” Confirm Their Credentials

There is an old saying that “those who can, do; and those who can’t, teach”. But there’s a select few who can do both: succeed in their business and honestly teach about how they attained that success. And one of those rarities are Frank Rolfe and Dave Reynolds, who are the 5th largest owners of mobile home parks in the U.S. Their portfolio is valued at nearly $1 billion, but it all started with just one mobile home park and now stands at over 250 parks in 28 states.

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The Super Bowl Of Real Estate Is Also Over – And Mobile Home Parks Won It All

It was a close game between the Seahawks and the Patriots. But in the match-up between real estate asset types – from apartments to office buildings – the winner, once again, are mobile home parks. They are, year after year, the highest yielding form of commercial real estate. They score the highest in return on investment, stability, recession-resistance, financing capability; every metric you can imagine. Their returns are often 100% higher than alternative options. So how do mobile home parks win every year?

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Why Invest In Mobile Home Parks

From the New York Times to Bloomberg, mobile home park investing is starting to be recognized as an attractive real estate sector. So what has made mobile home parks suddenly on the radar screen of the real estate community? The sector has always done extremely well, but investors are finally getting over the stigma and learning to appreciate the power of affordable housing. So what’s so special about mobile home parks?

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The Top Five Ways To Find A Mobile Home Park To Buy

Many investors are learning that mobile home parks are the best kept secret in commercial real estate. But they often do not know how to get started trying to find the ideal mobile home park to fit their goals. The following are the top five ways to find a mobile home park to buy.

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The Truth About Mobile Home Park Earnest Money

Earnest money is the financial tool that begins the process of buying a mobile home parks; an addition to the purchase contract. You cannot avoid it, so you need to learn all about it. And here’s what we’ve learned in over 200 mobile home park purchased completed in the past 20 years.

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How To Finance A Mobile Home Park Acquisition

Mobile home parks have some uniquely attractive attributes, but one of the most appealing is the many different financing options available to buy a mobile home park. You will find more creative financing options in mobile home park investing than in all the other sectors of real estate combined. And this allows new investors to enter the business with lower risk and less hassle, as well as seasoned investors to take advantage of some extremely attractive structures.

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Why Do We Teach Others How To Buy Mobile Home Parks?

We have literally taught hundreds of individuals the correct way to identify, evaluate, negotiate, perform due diligence on, finance, turn-around and operate mobile home parks. Some people think we’re nuts for doing this, but the truth is that we are far from crazy.

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Play It Safe Regarding The Safe Act

In 2008, on the heels of the disastrous residential mortgage collapse in the U.S., the Obama administration introduced The SAFE Act, which was designed to strike back at “evil” mortgage companies. This was followed by, in 2010, the Dodd-Frank rules, that put even further teeth into control of the mortgage industry. These two financial laws immediately threw into jeopardy the simple creation of mortgages that all property owners had been using for a hundred years or more. And now every mobile home park owner is faced with the question of what to do in light of these changes.

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Creative Mobile Home Park Financing

One of the best aspects of mobile home park investing is the availability of creative financing. While traditional bank financing is available for this real estate niche, there are other options that allow first-time buyers to enter the industry without the traditional 20% down payment, perfect credit, or a lengthy resume of properties owned.

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Why Warren’s Buffet’s Annual Report Came As No Surprise To Mobile Home U

Warren Buffet recently released his annual letter to Berkshire Hathaway, Inc. shareholders. What was unique this year was that he based his letter on income properties, not his corporate investments. And Mobile Home U has been teaching these same theories for almost a decade.

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The Best Sales Pitch I've Ever Heard

I was out looking at used cars one day in the early 1980's. As I walked around the auto lot, looking through the window of a convertible, a salesman came up to me and said “what do I have to do to sell you that car today?” That’s a great attitude. It means that the salesman is going to help me make my wish come true if I will only honestly tell him my circumstances and what I need to get in order to close the deal. Mobile homes are not cars, but that same sales pitch can be used for park-owned homes that the Manager is frequently called on to sell.

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How Mobile Home U Tries To Reprogram Your Faulty Landlord Theories

We are all born with basic skills, but then we rely on our parents and educational institutions to teach us what to do with those skills. And one skill that never seems to be accurately taught in high school, college or by mom and dad is how to be a good landlord. And this causes many real estate investors to either outright fail, or to miss the full potential of their property.

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The Truth About Mobile Home Park Due Diligence

Mobile home parks all pretty much look alike. So why do some make so much money while others not only lose money but also add on a stack of perpetual management problems? The answer is that there are fundamental differences between successful and unsuccessful mobile home parks, and you can only figure out which type of park you are looking at - a winner or a loser - through a complete property inspection, which is typically called "due diligence". Without using due diligence, you are not really investing in a mobile home park as much as you are gambling with your money.

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Why Superbowl XlVIII Was Like The Mobile Home Park Industry

Superbowl XLVIII is over, and it's time for reflection on exactly what happened. Whether you were a Bronco or Seahawk fan, there were some important lessons demonstrated in this year's contest. And they are all apply to the mobile home park industry every day.

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Why You Should Consider The Mobile Home Park Business

There are at least a thousand ways you can invest your money. So why should you put it in mobile home parks? Well, there's a variety of reasons that even the top investors in the U.S. - from Warren Buffet to The Carlyle Group (the biggest private equity group in the U.S.) -- are choosing this industry. And the reasons they are excited about affordable housing are only increasing.

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What To Watch Out For In Mobile Home Park Consulting

Consulting experts is often a great way to save on the learning curve, and to get off on the right foot. However, not all mobile home park consultants are created equal and, in some cases, they can actually hurt you more than help you. Here are the correct questions you need answered before selecting a consultant for a mobile home park deal.

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The Secrets Of Successful Mobile Home Park Training

Mobile home parks are one topic that most Americans are never taught in high school or college - or even heard of unless they seek the subject out. Since they are starting from scratch, it is imperative that most investors be properly trained in the niche before they risk their investment dollars. Like anything else, there is a skill set to being a successful mobile home park investor, and these are skills that you must be taught. So how do you best proceed in obtaining mobile home park investing instruction?

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Why You Should Never Build A Mobile Home Park

People ask us all the time why, since we're one of the largest mobile home park owners in the U.S. and are extremely bullish on the industry, we don't build new ones. They'll call us with raw land that they want to sell us to build a new park on. The truth is that we would never build a new park from scratch. We don't recommend that anyone does. But now let us explain why that is not hypocritical.

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How Mobile Insurance's Email System Got Hacked

Recently, one of our employees received an email from a valued client. The email said that important information was attached and to open the attached weblink to retrieve it. The employee opened the weblink and found a Google sign in page. The employee was asked to sign into their Google account to get the promised information. The employee did. Next, a message stated that there was a problem and the link couldn’t be opened at this time.

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Paying Your Mobile Home Park Employees

Properly classifying workers as independent contractors or employees is important. For workers classified as employees, whether they are labeled salary or hourly is equally important. In a prior column, independent contractors and employees were defined. This column focuses on whether an employee should be compensated with a salary or an hourly wage.

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The Truth About My Notorious Waffle House Quote

Several media outlets have recently used my old quote that the mobile home park “is like a Waffle House where the customers are chained to their booths”. However, they have taken the quote completely out of context, and the truth takes the air out of their sensationalism, unfortunately for them. So I would like to set the record straight before anyone else uses it inappropriately.

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