There certainly appears to be a very unique profit potential in this market segment. If there is anything that I may be of assistance with in this area, please do not hesitate to give me a call. Without Frank and Dave, who knows how many mistakes I could have made or long it would have taken me. This rental is accepting applications through Apartments.com. It is only with this frank (No pun intended) perspective that someone new to the industry can ramp up so quickly- boot camp! Personal information is information about you and is specific to you like your name, address, email address, phone number, website activities, etc, but is not otherwise publicly available. Be the first to add a review on this property. We both agreed that yours was different because you were honest, up front, didn't sugar coat anything and everything you presented is applicable right away! You dont have to worry about lining up and paying for airfare and hotel, totally unlike a normal real estate event./li>. February 16, 2023. In times like these its up to the community owner to help to make their property the safest it can be. What impact does this shocking news story have on the mobile home park industry? I look forward to the chances that may come up in the future to explore opportunities. I had some knowledge of MHP investments, but after taking the boot camp, I am more confident and I know what I did wrong with our MHPs. High-Speed Internet If youre reading this, then youre thinking about going to the boot-camp, and if youre thinking about going, then just do it. He is currently ranked, with his partner Dave Reynolds, as the 6th largest mobile home park owner in the U.S., with over 170 communities spread out over 20 states. With interest rates up significantly, some sellers may propose a construction called a wrap in which you leave the existing mortgage intact as part of the deal. "Frank Rolfe is passionate about mobile home park investment and helping his students succeed. The differences between your method and Frank's was a bonus that was extremely valuable. So what will that do to the mobile home park industry, and what are the statistics from the 2000 and 2007 recessions to support these observations? More Info. I look forward to the chances that may come up in the future to explore opportunities. RE/MAX, LLC is an Equal Opportunity Employer and supports the Fair Housing Act and equal opportunity housing. We love doing it! Every dime I spent I saved my FIRST day owning the park. The community's 382 home sites sit just blocks a. And unlike ever before, I actually had everything I needed. I have been to endless amounts of real estate boot-camps and seminars and although I gained knowledge from each event, I always left feeling like there were missing links or like I was still one step away from what I was seeking. I read every book on the subject and every internet site I could find. Affordable Housing is the hottest arena in commercial real estate right now. If you believe you have reached this page in error, please call us at (800) 397-2158. With over 20% of American households now making $20,000 per year or less, and another 10,000 baby boomers per day retiring into social security incomes that average only $14,400 per year, the demand for affordable housing is giant and growing daily. University Mobile Home & RV Park. I closed on the park on 12/3. Each office is independently owned and operated. In this Mobile Home Park Mastery Podcast were going to discuss the many byproducts of higher home mortgage rates most of which are positive by nature and reflective of U.S. megatrends. You will leave this mobile home park class with 99% more knowledge than most of all the other buyers out there, and that will give you the edge you need to succeed. We buy assignment deals from our students, get our name out in the industry, and help those who don't understand property values to be reasonable. Receive all the tools you need to start making successful offers on mobile home parks. $117,000 3 Beds. University Mobile Estates welcomes any questions or comments you may have. MHVillage uses services such as ad networks from other companies on some pages that may set and access their cookies on your computer. No! Your search does not match any homes. 2023 RE/MAX, LLC. Expand your search parameters, or consider saving this search to receive alerts when results become available. You can update your MHVillage Account Information at any time. Fill out the form below to send a message to this community and request more information on this park or schedule a tour. I gained so much from my first time to the program that I decided to return! University Mobile Home Park 520 Pine Avenue Goleta, CA 93117 Age-Restricted (55+) Community 2 people like this park. Perrine Apartments Phase III - NOW LEASING enter move in date in the format: 2 digit month / 2 digit day / 4 digit year. We recommend viewing REMAX.com and it's affiliated sites on one of the following browsers: University Mobile Home Park, Spokane Valley, WA Real Estate and Homes for Sale. The concept of sharing management is not restricted to just mobile home parks, as many other industries have tested and employed it. While most mobile home park owners take comfort in letting someone else do the honors, theres nothing wrong with being the market leader in lot rents. Thank you for your cooperation. Site Leasing Specials Lease Option to Purchase / Purchase & Rental Homes Available Get Details on Site Leasing Specials Advertisers or other companies do not have access to MHVillages cookies. Yet many mobile home park buyers dont know what these are, how they work, and what the dangers are. and Join our mailing list and receive a free book titled "Mobile Home Park Investing". You cant let your desire to make a deal get in the way of the underlying premise of making money. Kitchen They entered the world without a silver spoon & borrowed friend/family money for their first park. View Homes In This Community View On Map Community Features Pet Policies Pets Allowed: Yes Pet Restrictions: one small to medium dog Additional Details Off-Street Parking Playground Clubhouse University Mobile Home Park has 3 shopping centers within 0.5 miles, which is about a 10-minute walk. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. How to Find Deals and Negotiate Price and Terms. I am now on the hunt for my first deal!!!! With apartments having reached a cyclical high and mobile home parks still running with plenty of value-building opportunity, many apartment owners are looking at buying mobile home parks. Frank reviewed those too. MHU has been the industry leader in accurate information about the mobile home park industry for over a decade, having been established by Frank Rolfe and Dave Reynolds, who are the 5th largest owners of mobile home parks in the U.S., with over $500 million in assets. Otherwise it is human nature to believe & make exceptions for many of the insane stories and conditions that come with every park- as Frank also says "every park has a personality of its own. After thoroughly reading your manuals and listening to your CDs and attending your boot camp, we had few questions left about how to proceed and be successful in the business. But NPR is determined to show that even when park residents are big winners its all part of an evil plot by corporate owners. Frank Rolfe has been an investor in mobile home parks for almost two decades, and has owned and operated hundreds of mobile home parks during that time. If you have a disability that is preventing you from experiencing this This home will be the talk of the town, a prime and elegant residence in the Armstrong Fairway unlike any other. Dishwasher As we were killing ourselves daily we thought, this is something to look into. They are supposed to wear two hats: 1) the nice person and 2) the tough person. With over 20% of Americans trying to live on $20,000 per year or less, the demand for mobile homes has never been higher - and the big winners are the owners . We're going to talk about snow loads, wind loads, and thermal zones. University Mobile Home Park is located in Dishman Hills in the city of Spokane Valley. website, call (800) 397-2158 Why Do We Teach Others How To Buy Mobile Home Parks? Kacey W. I like to thank you and Frank for such a wonderful job you guys did. Thank you Frank for guiding me by my side and bringing me to the Mobile Park Industry. Community Amenities Property Manager on Site Picnic Area Lease Details & Fees Details Property Information Built in 1962 107 units/1 story Location 9518 E 4th Ave , Spokane Valley , High-Speed Internet you provided as part of the boot camp. Walk Score measures the walkability of any address. New owner letter went out mentioning rates would go up soon. Located on a prime 90 foot corner lot in HPISD zoned for Bradfield Elementary, this luxury estate has been completely remodeled and reimagined by Waterside Properties. Off-Site Vs. This is Frank Rolfe with the Mobile Home Park Mastery podcast. After more closely comparing the available options, your credentials and deep knowledge of the industry won us over. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Stainless Steel Appliances Using this messaging system for any other purposes, such as solicitation or filing complaints, is prohibited by the MHVillage.com Terms of Use. The class is designed to encompass everyone from real estate newbies to current park owners to experienced real estate investors. I'll see you out in Vegas. But its perpetually harder to find those who will work on mobile homes as they seek better paying alternatives. Following the Boot Camp, you receive continual support through Quick Deal Reviews, in which you show us the details of the mobile home park you are looking at buying and we help you evaluate its potential, as well as the weekly Frank & Dave Show in which we answer live questions for an hour. Thanks for offering your help. Using the information I received I bought a fantastic park with great cash flow and tremendous upside. you gave me when i got a little zealous and impatient. Dave Reynolds is a household name in the mobile home park business for many reasons. I made $600,000 equity and $10,000 positive cash flow per month from the closing. Supplied Open House Information is subject to change without notice. In this Mobile Home Park Mastery podcast, well review the similarities and why both businesses are underappreciated a fact thats about to change. I learned a tremendous amount and now feel confident pulling the trigger. Larger parks have allowed for on-site or off-site manager possibilities for years, but smaller parks have been relegated to strictly on-site options. It was worth the time and money. With over 20% of Americans trying to live on $20,000 per year or less, the demand for mobile homes has never been higher -- and the big winners are the owners of the mobile home parks in which those customers reside. I really enjoyed the MHP boot camp this past weekend. This area is served by the Central Valley attendance zone. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. This rating combines renter reviews and property features into one simplified score to help you evaluate this property. 25 years and 250 parks later they have learned just about everything that can go wrong in a mobile home park deal, and how to fix it. MHVillage automatically receives and records information from your browser, including your IP address, MHVillage cookie information, and the page you requested. Frank opened up with his humorous undertones about how the low income live and how many Mom & Pops operate parks. You can also call (855) 879-2738 or email [emailprotected] to sign up. I found Frank's style to be music to my ears. Heat Our units are affordable and are ideal for students and professors. I was doing all these as if I had 10 years of experience in Mobile Home Park business. That saved me $58,000 per year. We delve into Gary's story and the unique strategies he employed to build a $10 million portfolio with only $140,000 in . And paying for airfare and hotel, totally unlike a normal real estate investors their cookies your. Up with his humorous undertones about how the low income live and how many &... About lining up and paying for airfare and hotel, totally unlike a normal real estate newbies to park... And impatient community and request more information on this park or schedule a.. By corporate owners by my side and bringing me to the chances that may come university mobile home park in the future explore... Frank opened up with his humorous undertones about how the low income live and how many mistakes I could made... Or schedule a university mobile home park will work on Mobile homes as they seek better paying alternatives years... 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