If you are interested in learning more about park street. Goldman alum gives up funds to become trailerpark mogul. Your mobile home park ought to be a good investment. This was about 20 miles from the park and i thought it was a good buffer zone. Zumba gold taught licensed instructor mondays pioneer mobile home park call char diversify your investment portfolio difference between starting business scratch buying existing. You can also find manufactured houses for rent in dillon, sc, mobile home lots for sale in dillon, sc, mobile home lots for rent in dillon, sc, mobile home communities in. The mobile home park is an industry that is not overly visible and seems to be somewhat uncommon as part of ones investment portfolio. We founded mobile home park academy with one main belief that if you are going to invest your time, energy and resources in us, we must provide you the very best quality information available anywhere on mobile home park investing. Peter harris mobile home park investing for beginners. Easy to do, these exterior mobile home improvements will make your home the envy of the neighborhood. Living in mobile home is one of the most possible things in america. Looking for a good mobile home park investing podcast. Mobile home park investing by david reynolds paperback.
Welcome to the mobile home investing lessons podcast subscribe via itunes. Looking for a spacious home that is in great condition. Its quite the dilemma for a mobile home park owner. Setting up a tiny house community like a mobile home park. The remaining income, or net income, is then capitalized to a value if the park and its income stream are stabilized. Mobile home porches not only provide shelter from the weather but also add immense amounts of curb appeal. Lonnie scruggs passed away on april 15, 20 but his training lives on here at. Since theres so many books out there, ive decided to compile a list of the top 10 mobile home investing books. Includes the 1020 investment system pictured to left includes 24 hours of audio on cds, plus a written transcript of everything on the cds. See more ideas about mobile home parks, mobile home and park.
Deck constructed using premium grade, treated lumber. If you are the editor for your community, useread more. Thanks for checking out the mobile home investing lessons podcast. Great mobile home books and training on how to buy mobile homes or get a free one with uncle zally, investing in mobile homes and mobile home parks. Waterfront home with 2 screened in porches overlooking the lake. One of the best mobile home books ever written about mobile home. Just curious to see if anyone has started a tiny house community. If you are interested in investing in mobile homes, then lonnies book is fine. Introduction to mobile home park investing realty mogul see more. Mobile home park investing blog that will cover topics specific the mobile home park investments, real estate syndication and related real estate topics. Investing in collectable cars isnt only profitable, but fulfilling for many car aficionados out there. Mobile home park investment home study course pros.
Veteran real estate investors kevin bupp and charles dehart from the mobile home park academy will personally. The content varies from park to park but usually includes a calendar of upcoming social events, resident news achievements, birthdays, funerals, etc. I am thinking about developing one and was going to use the mobile home park concepjust curious to see if anyone has started a tiny house community. Its going to take more than a weekend to learn this business. How to successfully buy and sell mobile homes, a winwin approach for investors and mh park owners 1 mobile homer the new system of. Table of contents mobile home investing mobile home. You could paint your home and skirting one solid color and use a second color for trim like the home below. Dont let this fool you since i have come to learn that major corporations and wealthy individuals are now buying as many of these parks as possible.
There are several good books on mobile home investing on amazon if this is the niche you want to get into. This home is very attractive outside with great curb appeal, but it doesnt stop there. Mobile home park investing for beginners by peter harris. We believe mobile home park investing offers outsized cash flow returns relative to inherent investment risk. Because porches are built externally to the mobile home, moving the mobile home becomes a much more complicated endeavor when a porch is included.
After a half a century of combined years in the real estate business, is the only place that will give you the good, bad and the ugly details on mobile home park investing. This weekly podcast explains the intricacies of this unique real estate niche and details why an investor would want to own a mobile home park, either directly or through a real estate. How to buy a mobile home or free mobile home wuncle zally. My dad found a small mobile home park in grand junction that came up for sale that was. Why mobile home park ownership is the best investment in. There is a mobile home park that contains 150 units and 100 of them are occupied 66. Mobile home park investing blog park street partners. Mobile home park investment research park street partners. Each community provides an average of 16 pages of editorial content.
If you are interested in mobile home park investing, then theres a ton of articles, books and courses on. A modular home is one that is built in sections modules at a factory and assembled on site. 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. Experienced acquisition and knowledgeable mobile home park operators such as park street partners, are uniquely positioned to capitalize on this misunderstood asset class. 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. Terminology tuesday tricks of the trade moving a porch. Tony collelas investing in mobile homes with land is another good one that doesnt get mentioned too often. Mobile homer the new system of mobile home investment. Mobile home park investing articles mobile home university. We help people distribute information and art spanning a wide range of subject matter while providing a safe, friendly, respectful, and serious site. Considered the godfather of mobile home investing, lonnie was one of the first to write about his method of investing in mobile homes.
With cap rates of 10% to 20%, and cashoncash returns of 20% to 40%, it stands as the highest yielding real estate asset class. Some classic cars can be picked up for relatively affordable costs and have the potential for tremendous gains. Vacant lots translate into empty, nonprofitable lots. The 1020 mobile home park investment system describes and reveals you the right choice to make money and spend money on mobile home parks.
Paint is every homeowners best friend for a reason nothing else can update a home as quickly and cheaply as paint. 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 cochran, laura, cochran, erin on. I think its important to know the terminology and words used when learning any new business including mobile home investing. Our 9 mobile home improvement ideas will add both comfort and value to your mobile or manufactured home. We also provide, free of charge, a mobile home park investing forum, that you can contribute to and learn from, as well as a monthly mobile home park investing newsletter and even our free weekly mobile home park mastery podcast series. Built on site and most decks can be built in one day, every ready deck features. Mobile home park investing podcast our top recommendations. Listen to the mobile home park investing podcast real estate investing niche episodes free, on demand. That sounds great, but is buying a mobile home a good investment. I bought my copy off of a year or so ago but not sure if. Whether youre listening on the go, at work, or at home, youll be able to gain insights from the experts and improve your business. I am thinking about developing one and was going to use the mobile home park concep. The mobile home park investing podcast real estate. Why settle for investment base hits when you can be hitting mobile homer.
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. There are also a lot of good books on wholesaling to learn from. Updated and redesigned throughout, this book gives builders the very best and current information. From porch additions to custom skirting theres something to fit any budget. We proceeded to work on the park and after about a year it was starting to bring in enough. Yes, you may invest in all 3 of these types of property, but make sure to use appropriate. Porch designs for mobile homes range from the very simple to the sophisticated one being just perfect for your home. While investing in mobile home parks can be quite lucrative, actually getting into the market can prove to be quite challenging. Mobile home park investing is one of the most misunderstood and most lucrative forms of real estate investing. You can often buy homes that people sell in your park, in nearby parks, repos, or even new homes from the man ufacturers and place them in your park and sell them at a profit. He is going to show the inside secrets to getting a good deal, and how to buy your home and not get taken to the cleaners. I came up with terminology tuesday as a way to go over the terminology used in the mobile home business. If you have the knowledge or resources to restore a classic to its former prestige then that will come in.
Includes everything you should need to know, in a lot of detail so you can feel confident investing in mobile home parks. The sales comparison approach is also valuable in appraising mobile home parks. Show pride in your home by making one or more improvements and enjoy the fruits of your labor. Rolfe and reynolds aim for a cap rate of 9 to 10 percent when they buy. 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. Mobile home park 1020 investment system pdf ebook php. Our show, with main host john fedro and cohosts that change weekly, was designed as a tool to help both novice and experienced real estate investors and mobile home investors. Youll learn to evaluate used mobile homes, perform due diligence on them, negotiate the purchase price and how to fix them up to sell for maximum profit. If the income or expenses are expected to change significantly over the investment period, a discounted cash flow analysis should be used.
If youre a mobile home park owner, you may be running into the dilemma of vacant lots. New articles from recent issues of the magazine have been added to this edition of building porches and decks. If you are interested in investing, select the invest tab in the top right corner to be directed to our investment site. Lonnie scruggs is widely known and well respected as the authority on mobile home investing. Mobile home parks are a viable investment the smarter. Of course the forum here on bigger pockets is excellent for advice. The problem is, i cant afford to pay more than i currently do for my apartment. If this video is not pure content, asks you to click a link, or makes you an offer of any kind, please. For starters, porches are best built on mobile homes where the owner doesnt have any intention of transporting the mobile unit elsewhere. The mobile home park investors podcast is the worlds first podcast dedicated to mobile home park investing. His articles, books and home study courses will provide a stepbystep guide to help you create financial security and independence. Mobile home park investing calendar aug milpitas post.
Porches for mobile homes new home cropped in decks and porches for mobile homes porches for mobile homes interior home porch lights for mobile homes concrete porch for mobile home porch roofs for mobile homes dezdemonhomedecorideas. 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. The new investors guide to owning a mobile home park. You may be lucky enough to find a mobile home park that is up for sale.
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