Ep #76: Advanced Mobile Home Park Investing discussion with the 6th largest park owner in the US - Frank Rolfe

This week we're going to be doing a follow-up interview with Mobile Home Park Investment Guru, Frank Rolfe. Frank was our very first guest way back in January of 2014 when we first launched the show and I thought it would be awesome to bring him back on to get an update on his business and also dive into a little more detailed discussion about mobile home park investments.

If you are brand new to the show or if you know very little about mobile home park investments, then I encourage you to go back and listen to episode #1with Frank as it will act as a primer to today's more advanced show.

Here’s a few things you’ll learn in our interview with Frank today:

• An update on his business and how he's been able to amass more than 17,000 pads through 22 different states
• What he likes and dislikes about buying properties from sites like Auction.com
• Why he prefers city provided water/sewer and what you need to consider if you are looking at a park that has private utilities.
• Why some banks don't like private utilities and what you need to know when shopping for financing.
• The reason why Frank prefers using a loan broker for financing rather than going direct to the lenders himself.
• The method that Frank uses to quickly evaluate a park to determine if it's a worth pursuing or if it gets sent to the trashcan.
• Why he prefers parks that have a mixture of both older homes and newer, modern homes.
• Why super Wal-Mart is a quick gauge that Frank uses to determine the strength of a small town
• Why strong single family homes prices are demand drivers for mobile home parks
• What things to look out for during your due diligence on the infrastructure on a park
• How Clayton homes CASH program is revolutionizing the industry
• How banks feel about park owned homes and how to properly evaluate them
• How to properly find and hire a quality property manager for your park
• The rule of thumb when raising rents in a mobile home park and things to consider.
• Franks thoughts on investing in Michigan and what he likes about this state.
• And much more

Recommended Resources:

• Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
• Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
• Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
• Learn more about Mark and his company, please visit www.MobileHomesUniversity.com