First is the fact that he, along with his partner frank rolfe, are the 6th largest owner of mobile home parks in the u. Though just shy of nine hundred square feet, there is nothing trivial or undersized about this house. Getting a low interest rate mobile home loan is very possible using the fha mortgage program. The principals have an extensive 20year track record of success in the mobile home park industry, and have over 55 years of combined real estate investing. We offer a wide selection of both new and used manufactured homes. Braidwood 16 x 76 1165 sqft mobile home factory expo. His business partner, dave reynolds, had the same epiphany in 1993. The best kept secret in real estate frank rolfe eric siragusa dave reynolds 1. Meanwhile, the window of opportunity is narrowing to take advantage of a market that has been both maligned and neglected mobile home parks. He graduated from mesa state college with an accounting degree, then worked for his parents and lived in the mobile home court. How to make money in the mobile home park business by dave. Home university, run by rv horizons coowners frank rolfe and dave reynolds, noted the fact that. We thought about charging for it up front but then some people would miss out on some very important information that will cost them in the long run.
Mobile home park 1020 investment system kindle edition by reynolds, dave, frank rolfe. The complete guide to moving your mobile home ebook is available online now for you to read. How to successfully buy and sell mobile homes, a winwin approach for investors and mh park owners. His books and courses on community acquisitions and management are the topselling ones in the industry. Why investors like warren buffett are bullish on mobile. Greatschools ratings are based on a comparison of test results for all schools in the state. Mobile home park investing by david reynolds paperback.
The importance of population size in market selection by. You have to take these factors into account when comparing your home with another. For nearly half a century, the fairmont homes brand has been synonymous with beautiful, qualitybuilt housing. Mobile home park investment advice from expert dave. Tru homes, tru mobile homes, trumh true mobile homes. For the past decade, dave reynolds has been involved in most aspects of the manufactured housing industry, from buying and selling mobile home parks to running the industrys most popular website for buyers and sellers of mobile home parks. The discount will apply on all subsequent renewals.
On top of that, mobile home park owners are essentially renting land, so that they do not have to save for expensive capital improvements. Daves quality homes 1980 state route 31, chittenango, ny. Frank rolfe and dave reynolds rank as the 5th largest owner of mobile home parks in the u. 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. Daves quality homes is committed to providing potential customers with friendly, professional assistance for a stressfree home buying experience. Dave i purchased your mobile home investing book online yesterday. Private equity giants converge on manufactured homes. He is currently ranked, with his partner dave reynolds, as the 5th largest mobile home park owner in the u. These are the few, simple steps to making money in mobile home parks.
Here is an article on 10 great ways to increase the value of your mobile home community. Course promotional materials have included, with over 20% of american. Your section on how you arrived at what you do is a classic. The principals of mhp funds, llc mhpf and their affiliated companies have the 5th largest mobile home park portfolio in the country with over 28,000 lots in over 280 parks in 32 states.
Dave reynolds and frank rolfe are mobile home park investors and together own and operate over 100 parks. Dave reynolds is a household name in the mobile home park business for many reasons. How frank rolfe and dave reynolds quietly became the kings. The reality is that in many areas, manufactured homes, also known as mobile homes, are the primary residence of choice and one of the most difficult types of homes to get a competitive interest rate home loan on. Mobile homes from the preceding model year can receive a discount of up to 5 percent. Just like everybody else, they can be seen going to the post office.
But when savvy investors like rolfe and reynolds buy a mobile home park, they do not just passively collect rent payments. Current model year mobile homes can receive a discount of up to 10 percent. This 859 square foot single wide home is available for delivery in texas, louisiana, mississippi, arkansas, oklahoma, new mexico, kansas. Mobile homer the new system of mobile home investment.
Very interesting look at the deals frank rolfe has done. Check with the applicable school district prior to making a decision based on these boundaries. Double wide floor plans offer comfortable and modern living at an affordable price, a perfect option for growing families that need the extra space. Having been in the manufactured home business for over 25 years we feel that these two. Mobile homes, however, offer the chance to have privacy, a small yard, a pet, and a neighborhood feel much like a subdivision. Free manufactured and mobile home values bluebook price. Start below by giving us a bit of information about your manufactured home or call 4697951227.
Discount home sales manufactured homes mobile home. Frank rolfe is the coowner of the 6th largest mobile home parks business in the united states. Frank rolfe has been an investor in mobile home parks for almost 30 years, and has owned and operated hundreds of mobile home parks during that time. Buying a manufactured home is a great option for anyone wanting their own home at an affordable price. Dave reynolds and frank rolfe dave reynolds is a successful real estate investor that has specialized in the purchasing of mobile home and rv parks for the past 12 years. It is designed to be a starting point to help parents make baseline comparisons, not the. Smooth instrumental music with a solid back beat groove that reflects the positive vibes of the southern california lifestyle. Download it once and read it on your kindle device, pc, phones or tablets. First is the fact that he, along with his partner frank rolfe, are the 18th largest owner of mobile home parks in the u. We always feature what we feel like is the best value for the most affordable price. Finding and evaluating rv park and campground investments. Daves quality homes offers manufactured and modular homes that accommodate your preferences and budget.
The roomy twobedroom sand springs model is tailor made for. Discount homes sales of enterprise alabama was established in march of 1985. As your local fleetwood homes model center, we can do much more than sell you a great home. Frank rolfe, who teaches mobile home university, a threeday course in the. Dave reynolds and frank rolfe, how to make money in the mobile home park business. We buy mobile homes in any condition, situation, and price range in texas. There are no commissions or fees and no obligation whatsoever. Frank also teaches about rv park investing through. Browse photos, see new properties, get open house info, and research neighborhoods on trulia. In a downsized economy where only service industry jobs seem to be booming, the trend is away from upscale properties while demand is growing in the rental sector. Its current owner steve nagy took over in november of 1990. Sand springs singlewide mobile home factory expo home.
Frank rolfe and dave reynolds have been legends in the manufactured home. Mobile home park 1020 investment system by reynolds, dave, frank rolfe. By installing water meters and billing the residents back for water and sewer and trash you are in effect increasing your bottom line. Mobile home parks sell for capitalization rates of 7% to 10%. Take a 3d walkthroughs, see pictures, and select options all online. Frank and dave book with pictures v3 mobile home university. Some of the hottest neighborhoods near reynolds, in are new chauncey, hills and dales, lincoln, hanna. Needless to say it is a must read for investors looking to purchase mobile home communities. He and his business partner, dave reynolds, started buying trailer parks together shortly after the subprime meltdown.
Use features like bookmarks, note taking and highlighting while reading mobile home park 1020 investment system. Manufactured home communities provide affordable homes for millions of. In june of 2008, dave reynolds and his partner, frank rolfe, another experienced mobile home park investor, started conducting mobile home park bootcamps held 4 times per year where we share our. He and his business partner, dave reynolds, started buying trailer parks. Browse mls listings in reynolds and take real estate virtual tours at realtor. Discount home sales truly lives up to its mission statement of quality at an affordable price. He has the keen ability to quickly assess deals, cut through hype, measure upside vs.
While rolfe and reynolds originally both taught mobile home university, rolfe is. Dave reynolds has been a manufactured home community owner for almost two decades, and currently ranks as part of the 5th largest community owner in the united states, with more than 23,000 lots in 28 states in the great plains and midwest. 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. Reynolds mobile home park details, photos, maps, mobile homes for sale and rent haven, ks. After discovering that he could make more money buying. Including sale wholesale 3d mobile homes and wholesale mobile home windows at wholesale prices from free mobile homes manufacturers. From our membership agreement lulu is a place where people of all ages, backgrounds, experience, and professions can publish, sell, or buy creative content such as novels, memoirs, poetry, cookbooks, technical manuals, articles, photography books, childrens books, calendars, and a host of other content that defies easy categorization. Our goal is to meet your needs and exceed your expectations. School attendance zone boundaries are supplied by pitney bowes and are subject to change. A leader in design, innovation and construction technique, fairmont offers recreational homebuyers valuepacked and stylish mobile homes. By 2007, he had purchased and sold 24 mobile parks, which he has said earned him about as much as selling the billboard business. 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. Our new homes that we offer are of the finest quality and are deer valley, clayton, hamilton and cavalier homes.
The very first park that i purchased my due diligence consisted of about 30 minutes of driving through the town and park and another 30 minutes looking at the proforma income and expense. I just downloaded from mhu the dave reynolds book mobile home park investing and currently on page 16. I need to educate myself first and then would like to look at smaller parks first in the metro detroit area. A mobile home in a mobile home park is infinitely more desirable than. Using their own money and millions more from outsider investors including many. This includes such things as vacant lots, land for expansion, park owned homes, and seller financed notes. Are your mobile home parks rules violating fair housing. Reynolds parents owned a mobile home court in colorado. Yet manufactured homes today are sophisticated enough that they are often indistinguishable from. This allows park buyers to get better deals and better terms, as they are often. Dave reynolds is the coowner of the 6th largest mobile home parks business in the united states. Reynolds has authored several books and cds on investing in and operating. This has now become a formula they teach at mobile home university.
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