More Detail On Mobile Home Park Investment Home Study Course

Detailed Mobile Home Park 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:

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)

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

CD 5 Includes:

Contract
Parts of a Contract
Exhibits
Time Frames

CD 7 Includes:

Third Party Reports
Getting a Loan
Closing
Taking Over

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

CD 4 Includes:

Determining Value and Coming up with a Price

CD 6 Includes:

Due Diligence

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

Even if you are looking to buy a mobile home park, you need this section because when you are buying you need to remember that you may need an "EXIT STRATEGY". Don't ever buy without an exit strategy.

The difference between a good sale and a terrific sale are subtle, but the profit difference is huge. If you are going to go to the effort of selling, why shoot for anything other than the best price?

In this CD series, Frank & Dave will show you how to groom your tenants to present the image of "pride of ownership". You will also learn how to fairly evaluate the correct asking price, how to help with the most important part of the selling process -- how to get your buyer a loan.

If you utilize all of the real life tips from Frank & Dave, you will find little fixes here and there, and this fine tuning can lead to thousands more in profit. In a world where $200.00 a month equal about $24,000.00 to your sales price, you need to listen to and study this CD series several times to make sure you are not leaving money on the table -- and we're talking thousands of dollars here.

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:

CD 1 Includes:

Grooming to Sell
Push Revenue
Cut Expenses

CD 3 Includes:

How to List if For Sale
Where to List if For Sale
Broker or No Broker?

CD 5 Includes:

Successfully Closing
Section 1031 Tips

CD 2 includes:

Coming up with a Price
Who is your Buyer

CD 4 Includes:

Being Easy to Buy From
Adequate Records
Owner Financing or Not?

After listening to all the CD's in this series we are confident that you will be ready to take the next step and Sell a Mobile Home Park to put the most amount of money in your pocket.

This is one time that you will make back at least 100 times your investment when you order the CD's and implement a few of the ideas contained therein.

Through this website and mobilehomeparkstore.com, Dave has helped more buyers and sellers in the past ten years buy or sell a mobile home park than any other source.

How to Operate a Mobile Home Park

Learn to run a Mobile Home Park for Maximum Profit!
Sometimes the difference between a winning investment and a bankruptcy is only in the managing of the asset. And managing a mobile home park is unlike any other type of real estate. Even if you have a proven track record in apartment, single family, or commercial real estate, you will need re-training for this asset class.

You will learn every aspect of successful management. From how to effectively collect rent, to how to cut costs, Frank & Dave give you an endless stream of real life problems and solutions to consider, each based on factual examples from their own experiences.

What do you do when a tenant wants to make a "payment plan" with you? Frank & Dave will tell you. What are the pitfalls of utility billbacks to tenants? Frank & Dave will tell you. What happens when your sewer backs up and starts going into the tenant's homes? Frank & Dave will tell you.

This series will give you over 20 years of collective knowledge in the same amount of time you spend commuting in your car over three days.

The How to Operate a Mobile Home Park series includes 6 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:

CD 1 Includes:

Cash in Billings
Park Owned Homes Late Fees
RV's
Other Sources of Income

CD 3 Includes:

Managers - How to find them
Managers - How to Manage them
Managers - What to Pay them
Managers or No Managers?

CD 2 includes:

Cash out
Average Expenses
Minimizing Expenses

CD 4 Includes:

Leases
Rules and Tenant Behavior
Other Forms

CD 6 includes:

Repairs
Tying it all Together

After listening to all the CD's in this series we are confident that you will be ready to take the next step and operate your mobile home park in a more efficient and profitable manner.

How to Turn a Park Around and Survive Catastrophic Problems

Disaster Strikes, Nobody Pays Their Rent, Are You A SURVIVOR?

Sometimes it takes an extra effort to turn back the momentum on a failing project and make it a winner. In this series, you will learn the real-life strategies to taking back the control over your park, and making the tenants obey you. Frank & Dave will counsel you on all of the tricks to taking an impossible situation and quickly righting the ship. If you think you are in a hopeless situation -- you haven't talked to Frank & Dave!

What do you do when the gas company shuts off the gas when it's 20 degrees out? Ask Frank & Dave. What do you do when the television reporter calls to ask about your horrible living conditions? Listen to Frank & Dave. What do you do when you are so overwhelmed that you want to give up and deed your park back to the bank? Lock yourself in your car and listen to Frank & Dave -- then come out swinging!

The How to Turnaround a Mobile Home Park series includes 6 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:

CD 1 Includes:

Types of turnaround situations & solutions
Get rid of undesirables
Get rid of deadbeats
Get rid of "hillbillies"

CD 3 Includes:

Loss of Utilities - Gas, Electric, Well Water, Sewer
City Hall Problems
Media Problems

CD 5 includes:

Filling Spaces
Buying Repo Homes
Buying other Park Owned Homes

CD 2 includes:

Getting Everyone on your Side
Training your Staff to get things done
Turnaround from a Distance vs Onsite Big No-No's

CD 4 Includes:

Making the Park Desirable
Grooming Pride of Ownership Among Residents
Common Turnaround Problems

CD 6 includes:

Bank Problems
Everything Else that can Bankrupt You
Tenant Lawsuits (including Class Action)
Uncovered Insurance Issues (Accidental Pollution)

After listening to all the CD's in this series we are confident that you will be ready to take the next step and Turn your mobile home park into a winner.

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 and continue to do 5-10 deals per year.

Part 2: Mobile Home Park Investment Manual - 540 Pages

This manual has been revised for 2012 and encompasses our original four books on buying, selling, operating and turning around mobile home parks.

Here is the Index for the new Manual: Actually the Index is almost a book in itself!!!

Part 1:
How Dave Started in the Mobile Home Park Business
How Frank Started in the Mobile Home Park Business
Definitions and Terminology
What is a Mobile Home Park?
Proper Terminology
Why Invest in Mobile Home Parks
Types of Mobile Home Parks to Consider
Where to Find Mobile Home Parks to Buy
How to Value a Mobile Home Park
Mobile Home Park Valuation Example
Other Value Considerations
Future Capital Improvements
Vacant Lots
Park Owned Homes & Notes
Due Diligence
Introduction to Financing
Determining How Much Loan You Can Afford
How to Approach the Appraisal
Recourse versus Non-Recourse
Essentials of the Application
How to Find a Lender
Conclusion
Frequently Asked Financing Questions
Insurance
Closing Checklist
Other Mobile Home Park Considerations
Parks with Older & Small Homes
High Vacancy
Private vs Public Utilities
Amenities
Park Owned Homes
Managing a Mobile Home Park
Ways to Increase the Value of Your Mobile Home Park
Mobile Home Park Purchase and Sale Agreement
Where to Begin

Part 2:
The Mobile Home Park 10/20 Investment System
The 10/20 Investment System
Sample 10/20 Deal Economics
Buying at a 10 Cap
How to Convince the Seller to Sell at Your Price
Due Diligence
Risk Mitigation
Groom to a 20 Cap
Rent Increases
Utility Billbacks
How to Rent Vacant Lots
Cost Cutting
Bad Debt
Advertising
Bank Service Charges
Legal and Accounting
Manager
Park Office
Repairs and Maintenance
Telephone
Travel
Trash
Personal Property Taxes on Park Owned Homes
Office Supplies
Water and Sewer
Electric
Gas
Insurance
Property Taxes
Mowing
Selling Ancillary Assets
Other Thoughts
Conclusion
Part 3:
Bonus Section - Frank and Dave's Mobile Home Park Deals
Bonus Number 2 - 30 Deals that we Dropped
Part 4:
Mobile Home Park Management
The First Step: Adjusting your Mindset
Focus Entirely on the Goal
Renting Mobile Home Lots
Park Owned Mobile Homes
The Winning Approach to Buying and Selling Mobile Homes
How to Calculate the Correct Price of Homes to Bring into Your Park
How to Find Homes in Your Price Range
$5,000 and under (which equates to a home of $1,000 or less)
$5,000 to $10,000 (which equates to a home of $1,000 to $6,000)
$10,000 to $20,000 (which equates to a home of $6,000 to $14,000)
$20,000 and above (homes from $16,000 and up)
Deciding whether to Rent or Sell the Mobile Homes you bring in
How to Effectively Sell Mobile Homes
Sample Letter to Residents
How to Rent a Mobile Home
Mobile Home Repairs and Refurbishing
Conclusion on Park Owned Homes
Collections
Rebuilding your Collections System
3 Day Notice to Vacate for Non-Payment
10-Day Cure Notice of Non-Payment
Tips on Going to Eviction Court
Interaction with Tenants
Rules and Regulations
Repair and Maintenance
The Rule of the Pro and the Schmo
Managers
Hiring an Onsite Manager
Deciding where the Office will be
Hiring an onsite versus offsite manager
Hiring the manager full-time or part-time
Management Compensation and Duties
Independent Contractor versus Employee
Where to Find a Manager
Payables
Lawsuits
Utility Failures
Gas Failure
Electric Failure
City Hall Problems
Media Problems
Banking Problems
Selling your Problem Mobile Home Park
Summary
Stories from a Trailer Park - Frank Rolfe

Part 5:
Buying New and Used Mobile Homes
How to use the Section
How to Find Used Mobile Homes to Buy
Websites
Dealers
Brokers
Mobile Home Parks
In Your Own Park (IF APPLICABLE)
Newspaper
Place a Mobile Home Wanted Ad
Send out Postcards
Mobile Home Movers
Financial Institutions
How to Make the Offer
Paperwork and Looking for Other Deal Killers
Bill of Sale
Title
Liens
Property Taxes
Unpaid Lot Rent
Access to Home
How to Move a Mobile Home
The Basics of How a Mobile Home is Moved
Preparation for the Move
Have the Property Taxes Paid Well in Advance of the Move
On the Day of the Move
The Actual Move
Home Installation
Essential Home Preparation for Transport
Termination of Existing Lease and Notice of Moving Home
Termination and Removal of Utility Connections
Removal of Skirting
Jacking the Home Up and Attaching the Axles, Tires, and Tongue
Preparing the Home on the Exterior
Preparing the Home on the Interior
Moving your Home Contents
Moving a Multi-Section Home
Removal of Furniture and Furnishings
Insurance
Directions and Point of Placement
How to Choose a Transporter
Having the Mover Inspect the Home
Experienced
Licensed
Insured
Acceptable Time Schedule
Works in a World of Written Contracts
Has an Acceptable Price
Has a "Can-Do" Attitude
Takes and Returns Calls Promptly
Essential Home Installation
Lot Drainage
Soil Compaction
Positioning on the Lot
The Delivery of the Home by the Transporter
Setting the Home
Blocking It
Leveling It
Tying it Down
Reconnecting all Utilities
Installing Skirting
Installing Stairs and Decks
Finishing Touches
What Can Go Wrong?
Don't Pay Until the Job is Done
How to Mitigate your Risks
At All Times, Be With your Home
Understand your Insurance Fully
Prepare your Home for the Move Effectively
Keep Everybody Informed of your Progress
Choose your Transporter Very Carefully
Know the Destination Really Well
Keep a Positive Attitude
Tips on Saving Money on Moving a Mobile Home
Conclusion on Moving a Mobile Home
A Quick Spotter's Guide to a Used Mobile Home
Roof Type and Date of Manufacture
Size of Home
Roof Type
Siding Type
Frame Integrity
How to Sell or Rent the Home
Five Worst Used Mobile Home Deals We Have Ever Done
Five Best Mobile Home Deals We Ever Made
Mobile Home Buyer's Worksheet
Tongue
Wheels & Axles
Frame
Roof
Roof Flashing
Insulation & Vapor Barrier
Siding
Skirting
Stairs
Decks
Awnings
Carports
Windows
Screens
Exterior Doors
Interior Doors
Closet Doors
Ceilings
Floors
Carpet,Pad
Vinyl Floors
Interior Walls
Counters,Cabinets
Appliances
Central Air Conditioning
Window Air Conditioning
Window Heat and Air
Furnace,Ducts
Hot Water Heater
Electrical Box
Electrical Wiring
Light Fixtures
Water Lines
Gas Lines
Heat Tape
Sewer Lines
Tubs
Toilets
Sinks
Fireplaces, HUD Seal
Serial Number
Conclusion

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
  • The Entire Archive Of Weekly Frank & Dave Shows (2009 To Today)
  • Free Access to our Weekly Mentoring Hour

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 for the bundle 1 and $5,000.00 for the bundle 2.

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.

Only $597.00

Invest in the Home Study Course (Bundle 1) for $597.00. 3 payment plan available.

Order Now!

Only $997.00

Invest in the Home Study Course (Bundle 2) for $997.00. 3 payment plan available.

Order Now!

90 Day Money Back Guarantee

If you're not completely satisfied with this Mobile Home Park Course for any reason, simply return it in resalable condition and I will immediately refund your invested money in its entirety - no questions asked!

100% No Questions Asked, Money Back Guarantee

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!