Bringing old mobile home parks back to life is the basic business model in our industry. You take an asset that is a half-century old – often undermanaged – and restore it back to its former prominence, giving the residents back their pride of ownership and sense of community. The below video shows the real-life progression with a “before and after” synopsis, supported by visual evidence of that metamorphosis.
While the media loves to deride mobile home park owners and operators, the truth is that every mobile home park that is purchased from the old mom and pop owners becomes much nicer, cleaner and safer, and offers a much better value for the residents. There is more to living than just price point, and most Americans want to live in a place they can proudly call home and supported by professional management.
In these troubled times, mobile home parks are “the best thing going in affordable housing when the nation’s need for low-cost places to live has never been greater” (The New York Times 2014). Every property is the better for new ownership and attention, and every resident is fortunate to have their homes saved from the wrecking ball by brave owners who will risk their time and capital in the undertaking.
If you want to learn more about the correct way to identify, evaluate, negotiate, perform due diligence on, renegotiate, finance, turn-around and operate mobile home parks then attend our college-styled Mobile Home Park Investor’s Boot Camp online. It’s a three-day immersion weekend that not only teaches you everything you need to know about making money in mobile home parks, but also provides:
- The nearly complete list of all mobile home parks in the U.S.
- The Park Evaluator software to help you analyze deals correctly.
- The Reference Library of all the forms and contracts you should ever need.
The class is taught by Frank Rolfe who, with his partner Dave Reynolds, is the 5th largest owner of mobile home parks in the U.S. As part of your attendance, you will also receive two free Quick Deal Reviews of your potential deals in which Frank will help you analyze the attractiveness of the deal and the correct pricing structure.
To learn more about and register for this Virtual Mobile Home Park Investor's Boot Camp, click here or call us at (855) 879-2738. We hope to have you at the event!