The September 2020 Mobile Home Park Investing Newsletter

Mobile Home Park Mastery Podcast: Episode 163 - Megatrends Revisited

In the 1982 John Naisbitt coined the term “Megatrends” to describe the major upheavals in American society that would influence the future for decades. But that was nearly 40 years ago. Since that time, many have already come and gone. So I’m going to make a new list of the megatrends that are ramping up in America and how they may impact the mobile home park as an investment vehicle. Grab your model of the Starship Enterprise because we’re going to look way into the future for direction on what 

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Does Your Mobile Home Park Have A Skipper?

Affluent residents sometimes take their cash and credit and use it to buy a boat. Or an RV. Or some large object they want to park in their driveway. And sometimes this can create a problem. So how do you deal with boat and RV owners who are proud of their purchase but need some place to put it that won’t offend their neighbors? In this video, we discuss how to deal with boats, RVs and similar objects. And, unlike Gilligan’s Island, it’s not a three-hour tour.

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From Zero To 100 With Abraham Anderson

Abraham Anderson went to our Boot Camp in 2019 with nothing more than the vision of investing in mobile home parks. Less than two years later, he is the 100th largest owner of mobile home parks in the U.S. with 11 parks totaling 632 lots.

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Mobile Home Park Mastery Podcast: Episode 162 - The “Detached Apartment” Model

There are around 44,000 mobile home parks in the U.S., and not all of them are following the same business model. While the vast majority of park buyers and lenders are focused on the “renting land” model, there are some who engage in the “detached apartment” concept. But does that concept work? In this week’s Mobile Home Park Mastery podcast, we’re going to examine this business model and give its strengths and weaknesses, as well as moments in which it might work and settings in which it would fail. Warning: this knowledge may change your perception.

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A Mobile Home Park Owner’s Tip on Offices

The modern mobile home park office wears many hats: it’s a place for current residents to feel at home and get their questions answered as well as a place for new residents to sign contracts and leases. In this video we will show you what the perfect office looks like in 2020.

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Mobile Home Park Mastery Podcast: Episode 161 - “Skin In The Game”

The slang term “skin in the game” is defined by Wikipedia as “one having an incurred risk (monetary or otherwise) by being involved in achieving a goal”. It was made popular by Warren Buffett, who prefers that high level officers in a company have direct money in the venture to ensure their alignment of priorities with investors. So who really has “skin in the game” regarding mobile home park investing, and who is lacking that alignment of interests with you when you write that earnest money check? In this Mobile Home Park Mastery podcast we’re going to explore this topic in detail, and define who is really on your team vs. those who could care less after the closing has occurred.

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Mobile Home Park Mastery Podcast: Episode 160 - Understanding The Game Plan For Cash-Out Refinancing

“Cash out” refinancing is extremely attractive to all investors, as it allows you to “recycle” your capital over and over to build a portfolio of properties. Or it also allows you to remove all risk from any certain deal and gives you cash to build a financial safety net. Whatever the goals may be, obtaining “cash out” is somewhat of an art form, and there are certain strategies required to achieve it. In this week’s Mobile Home Park Mastery podcast we’re going to discuss this game plan regarding “cash out” and what the deals look like that carry that potential.

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The CDC Makes Mobile Home Park Owners Glad They Don’t Own Apartments

The Centers for Disease Control and Prevention (CDC) has issued an order temporarily halting residential evictions for failure to pay rent until December 31, 2020 if the resident provides the “declaration” that they meet certain criteria. This misguided concept is re-writing eviction laws once again and causing mobile home park owners to thank heaven that they are not apartment owners. So why will mobile home park owners fare better than apartment owners in this latest restriction in making some tenants pay rent?

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