The #1 goal of the Mobile Home Park Investor’s Boot Camp is to make sure you learn the correct way to identify, evaluate, negotiate, perform due diligence on, finance, turn-around and operate mobile home parks – the skills that took us 25 years to learn. If we’ve done our job, there should be nothing holding you back from making offers and buying mobile home parks immediately following the event. Following the Boot Camp, you receive continual support through Quick Deal Reviews, in which you show us the details of the mobile home park you are looking at buying and we help you evaluate its potential, as well as the weekly Frank & Dave Show in which we answer live questions for an hour. We even give you our cell numbers so you can reach us in a deal emergency. In that way, the Boot Camp never really ends. You will leave this mobile home park class with 99% more knowledge than most of all the other buyers out there, and that will give you the edge you need to succeed. We have had many students buy mobile home parks within 90 days of attending this mobile home park training.
Because our post Mobile Home Park Boot Camp Coaching is free, unlike most other real estate events, the focus is on information and facts. That’s why we have a range of attendees that include new investors, appraisers, bankers, stock analysts, and even current park owners who want ideas to improve their bottom line. Virtually all of the largest mobile home park operators in the U.S. even send their kids to us for training – that’s how well respected this event is in the industry.
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Mobile Home Park Boot Camp
Frank & Dave are the 5th largest owners of mobile home parks in the U.S., with over 25,000 lots in over 25 states. They started with just one park and just kept buying more. 25 years – and 250 parks later – they have learned just about everything that can go wrong in a mobile home park deal, and how to fix it. They can show you not only what to buy, but what to avoid, and how to quickly tell the winning deal from the loser before you put your money at risk. Don’t have enough money to buy the great deal you’ve found? No problem, Frank & Dave will often co-invest in deals themselves, as well as pay assignment fees for you deal. They pay out around $300,000 per year in such assignment fees.
Mobile home parks are the hottest sector of real estate right now, due to the endless decline in the U.S. economy. 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. Mobile home parks are the only niche of real estate that grows stronger as the economy grows weaker. 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 can’t 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. That’s why the largest mobile home park owner in the U.S. is Sam Zell, who was formerly the largest owner of apartments and office space in the U.S.
See 1 Of Our Recent Mobile Home Park Deals
Many investors are able to retire or meet their financial objectives with just one mobile home park. Here’s an example. If you have a 100 space mobile home park and raise the rent $50 per month, the increase in net cash flow is $60,000 per year, just in that one attack plan. Everything about mobile home parks is a function of the volume of tenants, coupled with the operating inefficiencies of the aging moms and pops and built these parks from scratch. Unlike flipping houses or buying and operating duplexes, you only have to find one or two great deals in your lifetime to make the entire exercise worthwhile. And the Boot Camp will be the invaluable tool you need to find, purchase and operate these parks.
The Mobile Home Park Investor’s Boot Camp is a three-day immersion event held in both the classroom as well as in the field, inside real mobile home parks. The question and answer session is endless, continuing through lunch and dinner and often spilling over into after-hours sessions in the hotel lobby. The class format encourages questions at all times, as we believe that’s the best way to learn. Many a business partner or other contact has been found through relationships forged in the class.
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Here Is A Testimonial From A Current Park Owner
At The Mobile Home Park Investor's Boot Camp , you will learn:
How to find Mobile Home Parks to Buy
- How Frank and Dave Find Parks to Buy
- Actual Phone Call Scripts
- Copies of Letters and Postcards
- How to Stay on Brokers "Hotlist"
- How to Get Referrals
- How to Flip Deals or Get Paid Referrals on Deals
How to Buy and Sell Mobile Homes
- Where to buy them from
- How to repair them
- How to tear them down
- How to set them up
- How to structure the sale
- Actual Contracts and Forms
How to do Proper Due Diligence
- Copy of our Due Diligence Manual
- What issues can be Worked Through
- Detailed look at every Infrastructure Problem
- When to Renegotiate
How to Manage a Mobile Home Park
- How to Find a Manager
- How to Manage a Manager
- How to motivate them and pay them
- How to operate "Hands On"
- How to operate from 2,000 miles away
- Actual Contracts and Forms
Mobile Home Park Purchase Contracts
- What you must have in Every Contract
- How to protect your Earnest Money
- Lease Options
- Bank & Seller Financing
Filling Vacant Lots
- 15 Ways to Get a New Resident
- The Best Places to Advertise
- How to Motivate Dealers
- How to work with Home Investors
- How to Keep the Residents you Haveaway
- Why you Won't Develop a New Park
- Actual Contracts and Forms
If you are going to invest in Mobile Home Parks...... You owe it to your pocketbook, not to mention your peace of mind, to get advice on the reality of the business.
There is no better source than Frank & Dave. They have over 25 years of experience combined and hundreds of deals done. Through their experiences they have dealt with every imaginable situation and some you don't want to imagine.
Our experience has led us to the conclusion that Mobile Home Parks are one of the best investment properties out there and especially during a recession, if done properly. We have broken down and analyzed every detail of the industry and exposed what works and what doesn't.