includes a PDF Download of the Transcripts of these CD’s that you can follow along with as you listen – 675 pages!
BONUS: Because we always want to OVER-DELIVER you will also receive access to our weekly mentoring hour. This is where Frank or Dave or Both of us will be on the phone answering questions or talking about new things happening in the industry. Again, this is FREE with the Mobile Home Park Home Study Course. You can ask any question or talk about deals.
If you have $10,000, you could buy a mobile home park just as I did in 1997, when I bought my very first park just south of downtown Dallas. I paid $400,000 for it, and put only $10,000 down, with the seller carrying a $390,000 note with no recourse. It was, on the surface, a piece of absolute junk. The newest home was probably from 1980, the lots were small, the clientele less than desirable, and there was trash and debris, including abandoned cars, throughout the park.
Little did I know, at that time, what a great opportunity had been presented to me. More than once, I considered giving the thing back to the seller, particularly when I lost my natural gas system, and other times when I just had a bad day and could not see the future in what I was doing.
But I stuck with the park, I fixed the problems, I re-marketed it to better tenants, and I increased the income ? a lot. I took the lot rents from about $150 per month to $385 per month, and I cut every cost imaginable. For example, I renegotiated the cable TV contract from $2,000 per month to $0 by having the tenants pay it themselves, and I halved the trash bill through competitive bidding. I also fought my property tax assessment, and proactively took measures to reduce repair and maintenance.
Almost a decade later, I sold the park for $1,525,000 ? which represented a gain of $1,000,000 over what I had invested in it.
The Mobile Home Park Home Study Course offers you a roadmap to do the exact same thing that I did on that park. Or the others that followed. It represents over 20+ years between Dave and I on learning how to make money in mobile home parks, and another $100,000,000 in real-life parks bought and sold to gain that experience.
Without this course, I can honestly say that your odds of success are very low. And with it, your odds of success are very high. If I had it to do all over again, I would not even think of buying a mobile home park until I had read and listened to this course. Never. It would have saved me a fortune in wasted time and capital, and would have reduced my learning curve by at least a half a decade.
When you invest in this course, you also receive once-a-week access to our mentoring hour, to give you continual support on the concepts put forward in these materials.
You’ve heard the old adage “you have to spend money to make money”. That’s never been more true than with the Mobile Home Park Home Study Course.
About 12 years ago, after seeing how well my parents mobile home park was cash flowing in the high mountain town of Fairplay, Colorado, I decided I wanted to buy a mobile home park as well. I had just finished up 6 years of college and really did not want to work as a CPA. I didn’t have much money in the bank but I did have good credit (and alot of it). I found a Mobile Home Park in Limon, Colorado that I could buy for about $60,000 down. Since I did not have the money in the bank, I went out and maxed out my credit cards to come up with the down payment.
It was a scary time and my wife and most of my family and friends thought I was crazy. However, the park cash flowed well and made all the payments on the loans and credit cards. About 2 years later, I refinanced the park and paid off all the credit cards.
Then what did I do? I found another mobile home park to buy in Fort Morgan, Colorado. This one required $75,000 of a down payment… NO PROBLEM… I went out and maxed my credit cards out again and bought that park.
That one was a better deal than the first one and about 15 days after buying that park and moving my family there to run the park, I had an offer from one of the people that was staying in an RV and living in the park. They offered to pay us about $150,000 more than we had just paid plus they were throwing in their 5th Wheel Trailer.
So 30 days later, we sold the park, paid off the credit cards, and now had about $150,000 in cash to work with.
The sale of this park fueled a park buying machine (ME) and over the past 10 years I have been buying, turning around, flipping, and selling parks like a madman. So far, I have owned about 60 mobile home parks and currently have an interest in over 15 parks.
With so many parks in different states I have experienced everything from hurricanes, floods, tornadoes, fires, failure of my sewer plant, a bad water well, and all kinds of fun things. I have learned from all these experiences and hope that you will learn from my experience and hopefully avoid some of those big bumps along the road.
While I do not recommend going out and maxing your credit cards out, I do recommend good mobile home parks that cash flow. You have to buy parks based on current occupancy and numbers and not some pie-in-the-sky projections!
The Mobile Home Park Home Study Course offers you a roadmap to avoid my mistakes and duplicate the things that worked on all of those parks. Most investors are not looking for the roller coaster ride of 60 mobile home parks so it is really important to buy the right park if you are only looking for one or two.
Had I had this course when I started I could have saved somewhere between one and two million dollars by knowing what works and what does not work in this business.
In the past 15 years I have NEVER seen so much opportunity to buy good quality parks than I am seeing right now. Affordable housing is in and due to the current lending crisis, savvy investors are picking up great deals on parks that have not been available for years.
If you compare this course to any of the other books, courses, manuals, or products out there, we would have to charge more than $2,500.00.
Our goal at MobileHomeUniversity is to provide valuable information and make it affordable. You will have everything that you will need to purchase your first mobile home park or turn around an existing one.
For the price of roughly 2 monthly lot rents on just 1 lot you can own the most comprehensive course on mobile home park investing there is.
If you compare this course to any of the other books, courses, manuals, or products out there in ANY Asset Class, we would have to charge more than $5,000.00.
Our goal at Mobile Home University is to provide valuable information and make it affordable. You will have everything that you will need to purchase your first mobile home park or turn around an existing one.
For the price of roughly 3 monthly lot rents on just 1 lot you can own the most comprehensive course on mobile home park investing there is.
Bundle Number 2 includes everything in Bundle Number 1 plus a bunch of extra’s.
You will Receive a copy of our Mobile Home Park Due Diligence Manual.
Over 200 pages to cover every aspect of doing due diligence on a mobile home park.
This manual is normally priced at $199.00.
Included with the Mobile Home Park Investment Home Study Course Bundle Number 2
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