A Testimonial From A Current Park Owner

I TOOK THEIR BOOT CAMP,
I have had the pleasure of attending one of MHU’s boot camps in Texas.

FRANK WAS FRANK,
Frank opened up with his humorous undertones about how the low income live and how many Mom & Pops operate parks. It is only with this frank (No pun intended) perspective that someone new to the industry can ramp up so quickly- boot camp! Otherwise it is human nature to believe & make exceptions for many of the insane stories and conditions that come with every park- as Frank also says "every park has a personality of its own”. This could not be more true, and having founded and successfully sold a business in the past, the same irrefutable laws of business buildup apply to trailer parks. Making any exceptions for residents or employees spells disaster for systematically improving the overall business. I found Frank's style to be music to my ears. Having built up a company and learning from the school of hard knocks, it was extremely impressive to see Frank give the class not just a lesson about how to acquire & manage a park but more importantly perhaps, how any business should be run. The class included the perfect park buying tool box coupled with people management concepts- doesn’t get any better than that!

HOW TO RUN A BUSINESS?
For anyone attending boot camp, I personally believe that the education of how to manage people alone is worth the cost, much less the added behind the scenes unfiltered curriculum of park buying.

NEWBIES,
For those that have the luxury of making a boot camp & are newbies to this investment type, I must add that I had no prior real estate knowledge. For this comment to not come across as subjective, to be more specific– my knowledge of plumbing was limited to how to flush the toilet, electric included how to flip the light switch on and off, and the terms zoning and sub-metered were Greek to me.

ATTENDEES,
While jumping into the park business may not be for everyone, I have to throw in the old adage ‘nothing is for Free or Easy’. Now, there may be a few naysayers that say it is virtually impossible to get into without some capital but for those I say – Reference: prior statement– ‘nothing is easy’. Not being a pedigree business person myself and starting out practically paycheck to paycheck without a degree, I chose the ‘work hard’ route and bootstrapped my way to profitability before I knew there was a term for it– ‘bootstrapping’, who knew! Before MHU, we owe it to some friends of ours that first introduced us to the park business (financially retired in their late 20’s). They entered the world without a silver spoon & borrowed friend/family money for their first park. As we were killing ourselves daily we thought, this is something to look into.

-Stathis E.

I owe Frank & Dave a huge thank you. They have made Investing in mobile home parks very easy for me. I have been to endless amounts of real estate boot-camps and seminars and although I gained knowledge from each event, I always left feeling like there were missing links or like I was still one step away from what I was seeking.

And then… I went to Frank & Dave’s mobile home park investing boot-camp. And unlike ever before, I actually had everything I needed. I literally walked out of the event with a business plan to buy my first mobile home park and all the tools I needed to do it.

I went to Frank & Dave’s boot camp in January, then 3 months later in April I had my first park under contract, and then in July, 6 months after attending their boot-camp, I was the proud owner of my first mobile home park.

I had everything I needed throughout the whole process. I can’t thank Frank & Dave enough. Without Frank and Dave, who knows how many mistakes I could have made or long it would have taken me.

If you’re reading this, then you’re thinking about going to the boot-camp, and if you’re thinking about going, then just do it. It’s the best value that you will find anywhere without a doubt!

Thanks Frank & Dave!

Bryce R, Irvine, CA

I have closed a 102 space park. I made $600,000 equity and $10,000 positive cash flow per month from the closing. Here is my story - I went to Dave Reynolds and Frank Rolfe bootcamp in Chicago.Frank was the instructor and he taught me everything I needed to know - How to find, How to negotiate, How to do due diligence, how to get financing and how to manage a park.

First time in my life I saw a Mobile Home from inside. With all the tools he gave me in the boot camp, I found an IDEAL (Infrastructure, Density, Expense, Age, Location - if you go to the bootcamp, learn it right.) park. Immediately I sent an email to Frank. I thought he will ignore my email. But to my surprise he replied within 5 minutes. He analyzed the deal for me. After a flurries of emails going back and forth between him and me, he said you are stealing the deal, go and buy it.He gave me a 30 day due diligence book during the bootcamp and I followed the book line by line for due diligence. He gave me reference to inspectors, lenders, brokers etc. I used his referrals throughout the transactions. Very nice to work with them. I bought his management course(extra course, but very inexpensive) and realize that the current owners were not managing right. So I fired the existing management. That saved me $58,000 per year. I was doing all these as if I had 10 years of experience in Mobile Home Park business. I have put another 3 parks under contract and should be closing soon. Frank reviewed those too. Thank you Frank for guiding me by my side and bringing me to the Mobile Park Industry. I could not have done it without you and still I would have been doing my old Engineering job. I owe you big time Frank.

Prabin D.

Frank & Dave,

I just closed on my first park since attending your boot camp in Dallas this past July. This deal was one that Frank evaluated for me and gave it a "thumbs up" as a good deal. The park consists of two smaller parks for a total of 35 spaces and 33 park-owned homes that I plan to sell to tenants immediately. The park had a mortgage of over 500k on it and the owner hadn't made a payment in many months. In August I got the owner and the bank to accept a short-sale price of 210k. Even at 210k, no bank in the area would touch the park since it was in less than great shape and had virtually no income and expense records. The bank that owned the note agreed to finance the deal, but after months of back and forth, simply could not get the job done. However, knowing that the bank was in financial trouble I made an offer of 125k all cash, as is, and can close before the end of the year...they accepted! The knowledge I gained during your boot camp really helped me save a lot of money and totally control the negotiation process....thanks again!

Best regards,
James

"Frank Rolfe is passionate about mobile home park investment and helping his students succeed. Drawing from his many years in the business, he teaches through storytelling, making for an incredibly informative and entertaining three-day program. I gained so much from my first time to the program that I decided to return! I learned what to look for in the best mobile home parks, how to establish and increase deal flow, understand deal metrics, carry out preliminary mobile home park analysis, tie up a property via purchase and sale agreement, perform comprehensive due diligence, and create value through competent park operations. Mobile home parks can provide both operators and passive investors with highly compelling risk-adjusted returns. Without reservation, I recommend anyone interested in this space attend Mobile Home University. You will come away with all the necessary skills and tools required for your success.”

-Dirk C.

Hey Dave, happy new year to you and your family!

I just wanted to thank you for all your advice and support in the business. It's a real pleasure doing business with you and I'm grateful to be in this industry with stand up guys like you and Frank. I have done every single thing you've taught through your cds, books, emails and conversations. I'm sure you could have just kept buying parks and not shared any of your lessons and strategies with anyone; living in Vegas I see some sharks so I know how rare it is to deal with someone with real integrity. I just wanted to say thanks, it's been a lot of work but I finally got 2 parks with my father, over 200 spaces, and some really valuable experiences. My life goal is financial freedom & independence; your teachings truly have put me on that path of it really happening, affording me so many future choices/opportunities with my life, man it's exciting! This really is gonna be a good year, I really am getting a good feel of the industry and have clear picture where I want to go in it. We got some big things ahead of us. I look forward to doing more business with you. I'll see you out in Vegas,

Thanks Dave!

My friend introduced me to the idea of Mobile Home Parks about 13 months ago. I read every book on the subject and every internet site I could find. Nothing compares to the information I got from Dave and Franks courses. I read every book they have and listened to every audio program. I attended the boot camp in July 09. Now just 8 months after I attended Dave and Franks boot camp I closed on my first park. Using the information I received I bought a fantastic park with great cash flow and tremendous upside.

The day AFTER we closed a tenant had a sewer issue. I got a few bids to get it fixed. From $4500 to $6500. I was thinking this was a crappy first day. BUT I remembered a few things I learned from the boot camp. One was not to panic when this kind of stuff happens. So I thought about it overnight and by the morning had another plan. We rerouted a line and just bypassed that old pipe. Total cost. Less than $450 So my boot camp price and all my books paid off on the first day.

I can't imagine doing this without Dave and Franks info. They arm you with the knowledge you need to go in confident that you will succeed.

Every dime I spent I saved my FIRST day owning the park. I'm confident that the other skills I learned will save me many headaches and thousands of dollars and literally increase the value of the park.

Tyler C

Hi guys - just wanted to let you know that i am an official member of the mobile home park owner's club!!!!!!!! I closed on the park on 12/3. I have typed new rules - will work on new lease over weekend. New owner letter went out mentioning rates would go up soon. Next week I will mail new lease, rules and letter stating that rents go up 2/1/2011.... I would like to knock these things out faster but have a day job !!! (at which i'm doing the work of 3 people during a very busy time!) plus i'm single and my poodle can't type (which sorta explains the single part!) anyhoo - thought you'd like to know! as a reminder, I'm from the Dallas boot camp in june.

Thanks,
Lisa

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 "boot camps", 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 boot camps. 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 boot camp was critical for getting us past our final concerns and questions.

By the end of the boot camp, 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 boot camp.

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 boot camp, 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.

Dave,

I just wanted to take a moment to express my gratitude for all of the hard work you all did putting the boot camp together. Everyone went "above and beyond" to make sure the weekend was informative and on point. I realize how demanding a schedule like that is and appreciate your willingness to share. My brain is still reeling from the information overload. There certainly appears to be a very unique profit potential in this market segment. I'm juiced about digging into the due diligence of my first park.

I look forward to the chances that may come up in the future to explore opportunities. If there is anything that I may be of assistance with in this area, please do not hesitate to give me a call.

Thanks again.
Larry

Dave & Frank,

I really enjoyed the MHP boot camp this past weekend. I specifically wanted to achieve three goals, improve my MHP management planning and operations, become much more efficient (and competitive) evauluating parks/making deals, and start building my network of other park investors - I accomplished all three goals! Overall, I thought the class was a tremendous value, shaving years off of the typical learning curve. I look forward to attending your next conference/convention in addition to your weekly calls. Thank you.

Regards,
James

Dave,

Thanks for letting me come to the boot camp again. It was fantastic. Thanks for taking everyone to my park. That kind of exposure is priceless. I had many people comment to me about how nice the park was and how it was good to see what can be done. I wouldn't be surprised at all if a partnership opportunity comes along because people have seen what we did. Thanks for the opportunity to show what we have done.

I've been talking with a few people from the boot camp and everyone thought it was good. People always say it is one of if not the best seminar they've ever been to on real estate. A real "guru" is so rare nowdays. So many have fancy presentations with little backing it. It is so refreshing to see you who has actually done what you are teaching. And done it over and over and proven your methods.

Another thing you have done is managed to create a community of real genuine people. Both those directly involved with your business and those who attend the boot camps. I'm not sure how you did it but it is a completely different vibe that what I get from other industries and their seminars. I find it fascinating how even though everyone is seemingly competitors there is such synergy to help everyone succeed.

I hope to see you at another boot camp with my second or third park underway.

Thanks
Tyler

Frank & Dave

I'll take this opportunity to thank your team for the very high quality boot camp training you presented. I've been to dozens of boot camps during my 18 years involvement in buying investment real estate as my primary career and source of income. I have taken away something of value from each. I have taken my Ah-Ha moments and converted them into action that has repaid no less than 5 times the course cost in next 120 days each time.

I consider your program one of the best. The interaction between Dave and Frank gave a useful perspective on various approaches to the same problems. The workbook material is thorough and well laid out. I appreciated the lack of hype, the realistic scenarios and open discussion.

As an owner of three MH parks with 96 spaces for 3 years I have learned many of the lessons presented at great expense and emotional distress. Having experience behind me allowed me to absorb a great deal of subtleties from the discussion. I was very receptive to new information. I have implemented changes at my parks in the week since the course that will dwarf the cost of attending.

Had I taken this training 3 years ago... no crying over past tense on my part. So, thank you again and I remain grateful for the good training. Looking forward to our next encounter, the best to each of you.

Bob S.

With your help in directing me on my park purchase, I just received my appraisal from the bank (with whom I'm refinancing) and the value came in at 950k , not bad considering i purchased it for 550k in Feb of this year.

Thanks Frank and Dave for the return calls ,emails and general NO! you gave me when i got a little zealous and impatient. it took months but your direction helped me land a park that should net me about 6-8 k per month. Ill be in touch as soon as i refi this park and move on to the next.

Thanks,
Clinton G.

The boot camp was an outstanding investment. Not only will I save many times the cost of the boot camp in avoiding any mistakes in the future, but the networking now opens up the doors to share deals. And of course the mailing lists is PRICELESS!

I just submitted an offer on a mobile home park in IA and thanks to Frank and Dave, I'm more confident with my offer and exit strategy.

Be sure to share my words with Dave, Frank and Jim.
Dave G.

My husband and I really enjoyed the boot camp. You DEFINITELY accomplished your goal of "over delivering!" We are so glad to have come home with all the notes and books as we probably only assimilated 1% of all that!

The thumb drive was EXTREMELY GENEROUS! Thank you. The boot camp was incredibly well organized and delivered in a wonderful, fun, non boring, fascinating way. I loved that the only rule was "no rules" and that we were allowed to interrupt with questions and comments at any time. I was completely fascinated by all the first hand experience and stories from people (both you and attendees) really "in the trenches out there" like Brian and I. It, for the first time, made me feel like we weren't the only ones with all these questions and concerns. The almost 24/7 complete accessibility from minute one was wonderful. You all were so approachable and it was wonderful to feel that. I really was impressed with having a format and it flowed so beautifully back and forth impulsively and what appeared to be among great comrades. High 5.

The help you are continuing to offer is much appreciated and needed.
Tracy & Brian S.

Dave & Frank,

I wanted to let you all know the boot camp a couple of weeks ago was excellent and I am excited to get started. Before the class, buying a park seemed very unlikely, but now doable. My first step is to get through all the material you sent, then start looking for the deals. There is a lot of material and I still have a day job! I would really like to find a way to partner on a deal with one of you experienced guys.

Thanks again,
Tony C

Frank & Dave,

I attended the Denver MHPS Boot Camp in July. I was amazed at the availability of Frank and Dave to mentor to us, answer our questions, provide examples of situations, share their own experiences and mistakes, and provide direction for what to do once we had left the Boot Camp. I feel prepared to take the next steps to begin evaluating a MHP, and I also know that Frank and Dave will be willing to mentor me through the due diligence on my first purchase experience. This experience is one of the best training events I have attended.

- Debby Majors-Degnan

I wanted to take a moment and tell you thanks for a great "reality immersion" at boot camp. It was packed full with real value that creates confidence and a method to take the next step and "tie up" a park. The differences between your method and Frank's was a bonus that was extremely valuable. It showed that there is more then one way to view a deal. The tour of the parks on Saturday injected some real life examples to what we leaned in our manual. I am excited and can't wait to put our first park under contract. The variety of food was excellent. That was great not to have to find our meals individually. Thanks again......you guys are awesome!!!

To your success,
~Bob Green~

Hello Dave,

I wanted to email you and let you know how much I enjoyed the last boot camp you held. I learned a tremendous amount and now feel confident pulling the trigger. Please send a thank you to everybody there including, Frank, Perry, Jim, Amy, Todd, etc. They were all great and I look forward to working with you in the future.
I am now on the hunt for my first deal!!!!

Thanks again,
-----
Kacey W.

Dave,

I like to thank you and Frank for such a wonderful job you guys did. The Boot Camp was really great. We learnt a lot. It was worth the time and money. I had some knowledge of MHP investments, but after taking the boot camp, I am more confident and I know what I did wrong with our MHPs. I will recommend your class to anyone without any reservation.

In the near future I want to focus on improving the existing parks that we own (from the knowledge gained from the boot camp). Once I am happy with them, I want look into buying more.

Thanks for offering your help. I will be in touch with you.

Thank Perry for the great pictures.
-Pratap

Hi you guys! We wanted to thank you so much for all the effort and planning that you put into the boot camp this weekend. You gave us so much "real" information that we can put to use immediately, as well as tons of things to file away for the future. We have been working on reading all the great books that were included with the boot camp and find them to be packed full of information PLUS so much fun to read after meeting you both!

THANKS AGAIN FOR EVERYTHING!
Patrice A.

Dave,

I just wanted to send you a quick note to say thank you so much for the excellent MHP Boot Camp! I think that you guys did a phenomenal job, and it was far above and beyond anything that could have been expected- thank you very much!

Again, thank you so much. I think the weekend completely OVER-delivered and I was so impressed - thank you!
Jamie S.

Hey Frank,

My brother and I wanted to thank you again for such an amazing weekend! We both have gone to tons of courses on real estate, from flipping houses to you name it. We both agreed that yours was different because you were honest, up front, didn't sugar coat anything and everything you presented is applicable right away!

I feel competent to move forward from your boot camp and we can't thank you enough for all the time and information you shared with us.

Take care Frank and I'm sure we'll be speaking to you soon.

Sincerely,
Amir and Reza K.