Investing and how you can too and the real estate investing sucks series of books. We tell you the whole story on mobile home park investing. I owned several sf homes and when the last cycle peaked, sold and 1031 exchanged into mobile home parks here in california. We also felt like we had the knowledge to operate the park after closing with the forms, leases, rules, etc. Mobile home park investing for beginners youre about to discover what every beginner should know about investing in mobile home parks mhps. The 1020 mobile home park investment system describes and reveals you the right choice to make money and spend money on mobile home parks. The chances of 10 units in a mobile home park all going empty at the same time is far lower than a single family home going vacant at any time. Recently i was told that buying a mobile home and placing it in a mobile home park will cost about the same as my apartment per month. Learn how to manage your mobile home park and find a superstar onsite property manager at. Learn how you can start investing in a mobile home park.
Mobile home parks should be viewed as an affordable housing solution and delivers a stable tenant base for regular income. He has owned over a dozen mobile home parks and this book is based on real world experience that the author used to make a lot of money from mobile home park real estate investing. Our mobile home park investment home study course is not like anything you have seen before. Commercial real estate the mobile home park investing home. If you are serious about investing in a mobile home park, you have come to. The basic concept is that you buy a used mobile home, and then resell it, at a higher price, with a down payment and monthly payments at a prescribed interest rate. Youll learn the 2 types of deals, the 4 key demand factors and why you should invest in mobile home parks. Lonnie scruggs is widely known and well respected as the authority on mobile home investing. Tenants own the trailers and pay rent for the space to park them. Top 10 mobile home investing books adventures in mobile homes. Though, it does make for some interesting reading and insight into the mobile home park investing business.
Mobile home park investing for beginners commercial. Lonnie scruggs passed away on april 15, 20 but his training lives on here at. Why mobile home park ownership is the best investment in this economy and step by step instructions how to acquire and manage a profitable park kindle edition by cochran, laura, cochran, erin. When investing in large multifamily properties or single family homes the cost per unit is high. Are you interested in owning and investing in mobile home parks. Because mobile home parks allow investment companies to acquire more units for each investor dollar as discussed above, the risk for loss. I have a website dedicated to mobile home parks and you can see my current inventory and history of activity at. Jul 11, 2017 todays real estate market is tough, but opportunities still exist. I must say no other mobile home park guru even comes close to the real life experiences dave reynolds provides in his books on mobile home park investments. Often tenants are older, retired folks who simply want a quiet place to live. My dad found a small mobile home park in grand junction that came up for sale that was doing real well and tried to convince me to buy it either on my own or with him. However, in the markets we operate in city officials have yet to enact policies to save mobile home parks, such as the mhp conversion moratorium san jose is seeking to approve.
For the most part, mobile home park investing is still flying under the radar. Mobile home park 1020 investment system frank rolfe, dave reynolds on. Top 10 mobile home investing books adventures in mobile. After more closely comparing the available options, your credentials and deep knowledge of the industry won us over. Mobile homes are typically the most affordable type of housing. The homes to buy are found through mobile home for sale ads in the. Frank rolfe, who teaches mobile home university, a threeday course in the art of buying and operating mobilehome parks. This post explores one of the most lucrative real estate niches today, mobile home parks, and explores seven convincing reasons. Why you shouldnt rule out investing in mobile home parks. Since theres so many books out there, ive decided to compile a list of the top 10 mobile home investing books. Because mobile homes are thought of as a hassle and an eyesore for city officials, no one is able to get a mobile home building permit any time soon. Rent is due on the first, late charges apply after the 10th. This was the first book i read on mobile home park investing that was wrote by dave reynolds and the reason i continued to purchase his books on investing in mobile home parks. Mobile home park 1020 investment system 9780615185675 by frank rolfe.
Mobile homer the new system of mobile home investment. Youre about to discover what every beginner should know about investing in mobile home parks mhps. I am a full time commercial real estate investor and mostly own retail and office buildings. Mobile home park investing books and courses mobile home. Listen to the mobile home park investing podcast real estate investing niche episodes free, on demand. Aug 04, 2017 manufactured home communities have turned a corner for the better. While real estate is generally thought to be a solid investment, there are not a lot of homes being purchased. Aug, 20 the new investors guide to owning a mobile home park. This group is about investment in valueadd mobile home parks and the wealthcreation that goes with them, as well as flipping mobile homes in mhps for chunks of profit. We also did a bit of direct marketing to folks who lived in mobile home parks they often know whats for sale in their neighborhood.
Dave reynolds and a great selection of similar new, used and collectible books available now at great prices. How i started in the mobile home park business why you should invest in mobile home parks over 15 sources to find mobile home parks to mobile home parks can be excellent investments and with the tools and strategies you will learn from this book you will be ready to take the next step and find a mobile home park to purchase. Mobile home parks are a viable investment the smarter. Why mobile home park ownership is the best investment in this economy and step by step instructions how to acquire and manage a profitable park multipark owner and manager of her own mobile home parks, laura cochran, believes that owning a mobile home park is the best investment and attainable for anyone who wants to add a mobile home. Jun 12, 2015 though, the author insists bank financing for mobile home parks exist. Veteran real estate investors kevin bupp and charles dehart from the mobile home park academy will personally. Unlike singlefamily home investing, investors dont own the trailers in the mobile home park. Why mobile home park ownership is the best investment in this economy and step by step instructions how to acquire and manage a profitable park multipark owner and manager of her own mobile home parks, laura cochran, believes that owning a mobile home park is the best investment and attainable for anyone who wants to. The key to understanding mobile home park investing is to look at the raw power of affordable housing and how it.
I purchased lonnie scruggs first two books and enjoyed reading them. Why mobile home park ownership is the best investment in this economy and step by step instructions how to acquire and manage a profitable park multipark owner and manager of her own mobile home parks, laura cochran. The initial returns were average but i increased rents, reduced expenses and created a very steady and low risk source of monthly income. Mobile home investors learn to invest in mobile home parks. The mobile home park investing podcast real estate. If you have experience with mobile home investing and the desire to invest in mobile home parks, then it may be something to look into. They learned early in the course that one of the best things about investing in trailer parks is.
Why investors like warren buffett are bullish on mobile home parks. Any tips or suggestions for getting into mobile home parks. Investing in mobile home parks could be your most profitable investment outlet in todays market. All the mobile homes we purchased were found either on craigslist or on the websites of various banks who had foreclosed mobile homes to sell. Code the coupon books so you can track which tenant paid and which has not.
In our experience, most cities break out the red carpet for developers looking to redevelop upzone mobile home parks into higher and better uses. Contrast this with holding a mobile home park with 10 or more lots and tenants. Includes everything you should need to know, in a lot of detail so you can feel confident investing in mobile home parks. Buy mobile home park investing by david reynolds paperback online at lulu.
Stu silver, author of mobile home wealth ii is a national leader in highquality continuing education services, with decades of successfull investing in mobile homes and mobile home parks. Welcome to thee podcast that will teach you how to successfully invest in and build steady streams of passive income from the highly lucrative niche of mobile home park investing. What is the difference between trailer, mobile home, modular home, and manufactured home. After reading the new investors guide to owning a mobile home park. I looked at few mobile home parks but never really understood the mechanics until i read laura cochrans book. That sounds great, but is buying a mobile home a good investment. I still did not want anything to do with mobile home parks and came up with every excuse of why i could not do it without insulting him. As rolfe explains it, there are five issues an investor needs to watch out for when considering buying and owning mobile home parks the. Mobile homes located in preexisting mobile home parks are closer related to an automobile than a mobile home attached to land or traditional home. Find a mobile home park to purchase, sell your mobile home park, locate over 40,000 mobile home parks, and find manufactured home financing, insurance, appraisals and much more. Hidden investment opportunities in mobile homes budgets are sexy. Discover delightful childrens books with prime book box, a subscription that delivers new.
It was then that i decided to immerse myself into understanding the mobile home park business and make it my specialty. The reason you can achieve such good returns is primarily because as a mobile home park owner, you are renting land and therefore do not have the expense of capital improvements that a housing landlord faces. In the current state of our economy, more people are. Why you should invest in mobile home parks over 15 strategies to find mobile home parks to purchase a list of over 50 due diligence items powerful ways to increase the value of your mobile home park valuation of mobile home parks with or without park owned homes. Mar 16, 2014 the cold, hard lessons of mobile home u. Jul 20, 2016 mobile home parks are a viable investment. Rancho huntington, huntington beach, ca rancho huntington is a 194 space, all age multifamily mobile home community located in the city of huntington beach, california. The problem is, i cant afford to pay more than i currently do for my apartment. I also suggest networking with the local mobile home brokers, park owners and contacting your states manufactured housing association.
Mobile home park investing blog park street partners. The author has years of experience buying, selling, operating, and turning around mobile home parks. Mobile home park investing by david reynolds paperback lulu. His articles, books and home study courses will provide a stepbystep guide to help you create financial security and independence. This is a fantastic book about investing in mobile home parks.
Mobile home park investing for beginners commercial property. The 1020 mobile home park investment system describes and shows you the proper way to make money and invest in mobile home parks. Youll learn the 2 types of deals, the 4 key demand. Mobile home park investment home study course pros. Mobile home park investing books and courses written by the top industry experts. Aug 15, 20 the new investors guide to owning a mobile home park.
Commonly referred to as trailer parks, these communities have evolved beyond the negative stigma that plagued them in the past. What i found beneficial were the due diligence sections of finding and negotiating mobile home parks for sale. In a suffering economy, finding a lucrative investment is essential. Investing in mobile home parksgood real estate investor strategy. Even if 30% of those tenants leave or stop performing investors ought to still be generating a positive monthly income.
Mobile homes located in preexisting mobile home parks are closer related to an automobile. That fact combined with the increase in demand for affordable housing due to the economic downturn has created a perfect storm for mobile home parks. Dan suggested that i read dealmakers guide that will be the next read. Mobile home parks are positioned in an interesting place within the real estate sector. The focus of the book tends to be on purchasing smaller parks owned by momandpop type individuals. Do you recommend doing a couple mobile home deals as a requisite. Download mobile home park 1020 investment system pdf ebook. I am very much interested in mobile home parks but know little about them.
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