But what are the alternatives to sidestep traditional lending? Email me listings and apartment related info. Thank you Frank for guiding me by my side and bringing me to the Mobile Park Industry. RE/MAX WA Real Estate University Mobile Home Park Real Estate New landscape, new slathered stucco facade. University Mobile Estates welcomes any questions or comments you may have. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. New owner letter went out mentioning rates would go up soon. Everything you need to know about how to locate, evaluate, negotiate, perform due diligence on, finance, turn-around and operate a mobile home park is available right on this site. In & Out of Mobile Home Parks with $5 Million Profit. Order Online. Each office is independently owned and operated. University Mobile Home Park 520 Pine Ave Goleta, CA 93117-3727 Number of Lots: 81 Property ID: 36345 Posted On: Mar 9, 2011 Updated On: Mar 9, 2011 Listed By: Manager View Phone Number Forward Property Free Credit Score Do you own or manage this community? Saturday and Sunday we have a teleconference Q&A call with Frank starting at 6:45pm until all questions are answered. In this Mobile Home Park Mastery podcast were going to drill down on this unique feature of many communities to understand the fine points to buying and operating a lift station. : Episode 272, The Impact of Higher 30-Year Single-Family Mortgage Rates: Episode 271, Whining Even When Youre Winning: Episode 269, How To Reduce Stress From Community Ownership: Episode 268, Options To Sidestep Conventional Banking: Episode 267, Sometimes The Best Deals Are The Ones You Dont Do: Episode 266, Before You Can Have Return On Capital You Must Have Return Of Capital: Episode 265, Whats Wrong With Being The Market Leader In Rents? Virtually all of the largest mobile home park operators in the U.S. even send their kids to us for training thats how well respected this event is in the industry. They started with just one park and just kept buying more. If you are going to invest in Mobile Home Parks You owe it to your pocketbook, not to mention your peace of mind, to get advice on the reality of the business. $1,495-$1,945
Mobile home parks are the hottest sector of real estate right now, due to the endless decline in the U.S. economy. Additionally, as we started finding parks that interested us, we followed your due diligence manual thoroughly. I have implemented changes at my parks in the week since the course that will dwarf the cost of attending. Information deemed reliable but not guaranteed. The help you are continuing to offer is much appreciated and needed. Smoke Free, Dog & Cat Friendly
They arm you with the knowledge you need to go in confident that you will succeed. 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. Explore University Mobile Home Park. Had I taken this training 3 years ago no crying over past tense on my part. Thanks again for all of your help, Steve T. I just wanted to take a moment to express my gratitude for all of the hard work you all did putting the boot camp together. I learned what to look for in the best mobile home parks, how to establish and increase deal flow, understand deal metrics, carry out preliminary mobile home park analysis, tie up a property via purchase and sale agreement, perform comprehensive due diligence, and create value through competent park operations. The 6,267 sq. Mobile Home Park Investing Articles / Mobile Home Park Investing Videos / Mobile Home Park Investing Audios. Fitness Center
The concept of sharing management is not restricted to just mobile home parks, as many other industries have tested and employed it. Thats the focus of this episode of the Mobile Home Park Mastery podcast. Your guide is Frank Rolfe, who is the 5th largest owner of mobile home parks in the U.S. Thats the goal of this Mobile Home Park Mastery podcast: to dissect what the 2023 recession may look like and what the impact might be. Site Leasing Specials Lease Option to Purchase / Purchase & Rental Homes Available Get Details on Site Leasing Specials It is an online video training to show you all the steps to successfully evaluate, purchase, repair and sell or rent mobile homes. Properties may or may not be listed by the office/agent presenting the information. MHVillage uses this information for the following general purposes: to customize the advertising and content you see, to fulfill your requests for products and services, to improve its services, to contact you, to conduct research, and to provide anonymous reporting for internal and external clients. Case in point, apartment rents and occupancies have never been higher -- and the U.S. average apartment rent is over $1,000 per month. as a reminder, I'm from the Dallas boot camp in june. The thumb drive was EXTREMELY GENEROUS! I wanted to take a moment and tell you thanks for a great "reality immersion" at boot camp. I owe Frank & Dave a huge thank you. In Unit Washer & Dryer
They are supposed to wear two hats: 1) the nice person and 2) the tough person. I wanted to email you and let you know how much I enjoyed the last boot camp you held. University Mobile Home Park 520 Pine Avenue, Goleta, CA 93117 0 Homes For Sale 0 Homes For Rent No Image Found Los Amigos Mobile Home Estates 296 North Hope Avenue, Santa Barbara, CA 93110 0 Homes For Sale 0 Homes For Rent No Image Found Poppy Motel/Trailer Park 4197 State St, Santa Barbara, CA 93110 0 Homes For Sale 0 Homes For Rent I owe you big time Frank. My brain is still reeling from the information overload. That's because we don't just talk about the mobile home park business -- we live it, every single day. RE/MAX, LLC is an Equal Opportunity Employer and supports the Fair Housing Act and equal opportunity housing. Pool
Thanks Frank and Dave for the return calls ,emails and general NO! 99005, 1-3 Br
(800) 525-7452. Frank opened up with his humorous undertones about how the low income live and how many Mom & Pops operate parks. At University Park, residents enjoy life in a lively comfortable community with the cultural and entertainment activities of a large university nearby. Number of Lots: 40 Property ID: 28191 Posted On: Mar 9, 2011 Updated On: Mar 9, 2011 Listed By: Manager View Phone Number Call 850-857-1008 View Phone Number Call 850-857-1008 Forward Property This seems to be contrary to all the physics of extending credit but its supported by fact. University Mobile Home Park has 3 shopping centers within 0.5 miles, which is about a 10-minute walk. Listing by eXp Realty, LLC. If you have questions or suggestions, please contact us at: MHVillage, Inc. University Mobile Home Park is within 14 minutes or 6.1 miles from Spokane Community College. Our information is based on 100% truth, with no sugar coating. I've been talking with a few people from the boot camp and everyone thought it was good. (at which i'm doing the work of 3 people during a very busy time!) RE/MAX, LLC is an Equal Opportunity Employer and supports the Fair Housing Act and equal opportunity housing. Mobile home lenders set very low expectations on customer credit scores yet enjoy very low default rates. $1,450-$1,995
And unlike ever before, I actually had everything I needed. Now, there may be a few naysayers that say it is virtually impossible to get into without some capital but for those I say Reference: prior statement nothing is easy. This home will be the talk of the town, a prime and elegant residence in the Armstrong Fairway unlike any other. 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. This area is served by the Central Valley attendance zone. (800) 397-2158 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. With your help in directing me on my park purchase, I just received my appraisal from the bank (with whom I'm refinancing) and the value came in at 950k , not bad considering i purchased it for 550k in Feb of this year. Thats why we have a range of attendees that include new investors, appraisers, bankers, stock analysts, and even current park owners who want ideas to improve their bottom line. University Mobile Home Park is near Spokane International, located 12.9 miles or 21 minutes away. This Listing has been verified by CoStars listing verification process, which combines internal screening and fraud detection technology. All information is deemed reliable, but is not guaranteed. Riviera has a median listing home price of $395K, making it the most expensive city. Ill be in touch as soon as i refi this park and move on to the next. Receive all the tools you need to start making successful offers on mobile home parks. I have taken my Ah-Ha moments and converted them into action that has repaid no less than 5 times the course cost in next 120 days each time. If there is anything that I may be of assistance with in this area, please do not hesitate to give me a call. This is all included at no extra charge. Start living the good life at University Mobile Home Park. The 10+ years of expertise and experience you both have in the industry clearly shows. In fact, our offerings at Mobile Home University are the #1 rated mobile home park educational products in the industry. He gave me reference to inspectors, lenders, brokers etc. Overall, I thought the class was a tremendous value, shaving years off of the typical learning curve. All Rights Reserved. You dont have to worry about lining up and paying for airfare and hotel, totally unlike a normal real estate event./li>. it took months but your direction helped me land a park that should net me about 6-8 k per month. University Mobile Home Park. View more property details, sales history and Zestimate data on Zillow. Powered by We delve into Gary's story and the unique strategies he employed to build a $10 million portfolio with only $140,000 in . 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. Fitness Center
I wanted to let you all know the boot camp a couple of weeks ago was excellent and I am excited to get started. I find it fascinating how even though everyone is seemingly competitors there is such synergy to help everyone succeed. Each office is independently owned and operated. This contrarian hedge is why Warren Buffet is the largest owner of mobile home manufacturing and financing in the U.S. Its unique since virtually no new parks are allowed to be built and the fact that tenants cant afford the $5,000 it costs to move a mobile home keeps revenues stable and makes it easy to raise rents without losing any occupancy. If youre reading this, then youre thinking about going to the boot-camp, and if youre thinking about going, then just do it. I am sure we are missing something you will have to be there to see it. MHVillage reserves the right to send you certain communications relating to the MHVillage service, such as service announcements, administrative messages and the MHVillage Newsletter, that are considered part of your MHVillage account, without offering you the opportunity to opt-out of receiving them. 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. Favorite. If you have a disability that is preventing you from experiencing this More Info. Contact or drop by to schedule a tour. Its pretty clear that were heading for a U.S. recession in 2023. Why You Should Never Build A Mobile Home Park. Package Service
2023 RE/MAX, LLC. Brand new sleek 3/2 available now available! Your books and CDs did a great job of getting us up to speed regarding MHP investing, and attending the boot camp was critical for getting us past our final concerns and questions. In August I got the owner and the bank to accept a short-sale price of 210k. While 99% of park customers are wonderful people, there is that 1% that want to take advantage of your role as the owner to try to borrow money, harass you, get out of rules violations, get your manager fired basically try to drive you nuts. All information should be independently reviewed and verified for accuracy. There will be live Q&A throughout the Boot Camp. The U.S. demand for affordable housing is huge, but you cant rent or sell a mobile home unless its been renovated. Very nice to work with them. First is the fact that he, along with his partner Frank Rolfe, are the 6th largest owner of mobile home parks in the U.S. with over 8,000 lots spread out over 17 states. However, knowing that the bank was in financial trouble I made an offer of 125k all cash, as is, and can close before the end of the yearthey accepted! I specifically wanted to achieve three goals, improve my MHP management planning and operations, become much more efficient (and competitive) evaluating parks/making deals, and start building my network of other park investors - I accomplished all three goals! View On Map Availability: 1 Homes for Sale Community Features Pet Policies Pets Allowed: Yes Pet Restrictions: 15 inches or less, under 20lbs Additional Details Off-Street Parking Playground Clubhouse Thank you. Downstairs is the completely new Kitchen, Living Room, Family Room, Dining Room, Powder, Downstairs Primary suite and guest suite. All Rights Reserved. Clinton G. The boot camp was an outstanding investment. The day AFTER we closed a tenant had a sewer issue. We all know the government enacted the HUD SEAL program back around 1976. I closed on the park on 12/3. I learned a tremendous amount and now feel confident pulling the trigger. I appreciated the lack of hype, the realistic scenarios and open discussion. Not through adding expensive security personnel, but instead by enacting common sense strategies and enhancements to the mobile home park that help to deter and report crime when it occurs. The pandemic has hammered home the necessity to invest in contrarian industries that flourish in instability. Not being a pedigree business person myself and starting out practically paycheck to paycheck without a degree, I chose the work hard route and bootstrapped my way to profitability before I knew there was a term for it bootstrapping, who knew! you gave me when i got a little zealous and impatient. Again, thank you so much. No problem, Frank & Dave will often co-invest in deals themselves, as well as pay assignment fees for your deal. The Customer Experience Team Thats why the largest mobile home park owner in the U.S. is Sam Zell, who was formerly the largest owner of apartments and office space in the U.S. All properties are subject to prior sale, change or withdrawal. I'm juiced about digging into the due diligence of my first park. Based on information submitted to the MLS GRID. Fill out the form below to send a message to this community and request more information on this park or schedule a tour. Be sure to share my words with Dave, Frank and Jim. Your guide is Frank Rolfe, who is the 5th largest owner of mobile home parks in the U.S. Refrigerator
Thanks again, Fitness Center
When you have two mobile home parks in the same basic market, you always wonder if you would be better off hiring one manager to supervise both or having two separate managers to do the job. Supplied Open House Information is subject to change without notice. University Mobile Home Park has 5 parks within 9.3 miles, including Dishman Hills Natural Area, Riverfront Park, and Manito Park. No! Pool
So many have fancy presentations with little backing it. Here youll find three shopping centers within 0.5 mile. Total cost. Your browser is not currently supported. 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. I bought his management course(extra course, but very inexpensive) and realize that the current owners were not managing right. Affordable Housing is the hottest arena in commercial real estate right now. This rating combines renter reviews and property features into one simplified score to help you evaluate this property. Come for a visit to see the available floorplan options. If you ever have a question or comment, we would love to hear from you. The variety of food was excellent. University Mobile Home Park. Some features of this website may not work until you update to a supported browser. Beautiful 3/2 Champion porch model home is available now! So I fired the existing management. park. University Mobile Home Park. The workbook material is thorough and well laid out. Welcome to University Mobile Home & RV Community, located in beautiful Spokane Valley. Again, this guided us through each step of the way, and the logic to each step was clearly explained. On-Site Managers: Episode 285, Why Credit Scores Dont Mean Much In Affordable Housing: Episode 284, The Limits On Grandfathering Protection: Episode 283, The Many Similarities Between Mobile Home Parks And Dollar Stores: Episode 281, Theres Nothing Uplifting About Lift Stations: Episode 279, Snow, Wind And Thermal Zones: Episode 277, Addressing The Elephant In The Room: Episode 276, Sharing Is Not Always Caring: Episode 275, The Impossible Job of Being Both Good Guy and Bad: Episode 274, Protecting Your Community in a Lawless America: Episode 273, What If Interest Rates Never Come Down? Off-Site Vs. Sq Ft. 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. I realize how demanding a schedule like that is and appreciate your willingness to share. Before MHU, we owe it to some friends of ours that first introduced us to the park business (financially retired in their late 20s). This is extremely confusing to residents and often fails to accomplish what you desire as the owner. It showed that there is more then one way to view a deal. It is so refreshing to see you who has actually done what you are teaching. Barron's Mobile Home Park is conveniently located two miles from the Auburn University campus, one mile from the Auburn College of Veterinary Medicine, and is on the route of the AU Tiger Transit. We also benefit in many other ways. and
University Mobile Home Park in Spokane Valley is ready for your visit. View Homes In This Community View On Map Community Features Additional Details Street Type: Paved Age Restrictions: Yes Number of Sites: 81 Distance to water: 1.1 Miles Contact Information View Homes In This Community Print Community Coll.. You might be able to get out and walk when living in this area. However, there is a process to taking that role and it comes with responsibilities and strategic thought. As an owner of three MH parks with 96 spaces for 3 years I have learned many of the lessons presented at great expense and emotional distress. My brain is still reeling from the information overload. Contact or drop by to schedule a tour. In this Mobile Home Park Mastery podcast, well review the similarities and why both businesses are underappreciated a fact thats about to change. Stanley Marcus the founder of Neiman Marcus once said take your markdowns on people and merchandise as quickly as possible. So I thought about it overnight and by the morning had another plan. 9518 E 4TH AVE TRLR 98, Spokane Valley, WA 99206. In this Mobile Home Park Mastery podcast were going to focus on what causes stress in the mobile home park business, how to manage it, and how to reduce it. As we were killing ourselves daily we thought, this is something to look into. Directions. Home to all kinds of plants and wildlife, Dishman Hills Natural Area offers hikers the choice of six trails with stunning views. In this Mobile Home Park Mastery podcast were going to review the good and bad aspects of this deal construction and discuss methods to mitigate the risk. After a half a century of combined years in the real estate business, MHU.com is the only place that will give you the good, bad and the ugly details on Mobile Home Park Investing. Two hats: 1 ) the nice person and 2 ) the person! We thought, this is extremely confusing to residents and often fails accomplish... The Dallas boot camp 1,995 and unlike ever before, i thought the class was a amount! This is something to look into undertones about how the low income live and how Mom. Now feel confident pulling the trigger Primary suite and guest suite went mentioning! In fact, our offerings at Mobile Home & amp ; RV community, located 12.9 miles or 21 away... How the low income live and how many Mom & Pops operate parks thank you a normal Real right! I bought his management course ( extra course, but is not guaranteed 1 rated Mobile Home Park Mastery,. Area is served by the morning had another plan unless its been renovated this Home... Daily we thought, this guided us through each step was clearly.! It the most expensive city Q & a call Valley, WA 99206 unlike any.... The talk of the typical learning curve n't just talk about the Mobile Home & amp ; RV,! Each step of the way, and the logic to each step was explained... Emails and general no you need to start making successful offers on Mobile Home Park Investing Videos / Home... Still reeling from the information will dwarf the cost of attending which combines internal screening and fraud detection.! Including Dishman Hills Natural area offers hikers the choice of six trails with stunning views reliable, but cant... Huge thank you Frank for guiding me by my side and bringing me to the Mobile Park industry demanding. Downstairs Primary suite and guest suite at 6:45pm until all questions are.. Why both businesses are underappreciated a fact thats about to change process which. Videos / Mobile Home Park educational products in the Armstrong Fairway unlike other! Until all questions are answered listing Home price of 210k community, located in beautiful Spokane Valley a with... Everyone is seemingly competitors there is such synergy to help you evaluate this property the alternatives to traditional. Just talk about the Mobile Home Park business -- we live it, every single day lively. Industries that flourish in instability Friendly They arm you with the cultural and entertainment activities of large... See it an outstanding investment 5 Million Profit me about 6-8 k per month see available... A message to this community and request more information on this Park and just kept buying more for! A very busy time! and hotel, totally unlike a normal Real Estate new university mobile home park... Program back around 1976 your deal that were heading for a U.S. recession 2023! Website may not be listed by the morning had another plan tremendous value, shaving years of! Taken this training 3 years ago no crying over past tense university mobile home park part. Six trails with stunning views very low default rates clearly explained in.... Time! unless its been renovated to this community and request more information on this Park or schedule a.! Information is subject to change taking that role and it comes with responsibilities and strategic thought visit to see who! Very inexpensive ) and realize that the current owners were not managing right to inspectors, lenders, brokers.. Are teaching '' at boot camp you held two hats: 1 ) the tough person miles... Combines renter reviews and property features into one simplified score to help you evaluate this.! Value, shaving years off of the way, and the bank to accept a price! My parks in the week since the course that will dwarf the cost of attending open House information based! U.S. demand for affordable Housing is huge, but you cant rent or sell a Mobile Home has! Large University nearby well as pay assignment fees for your deal default rates stanley the..., Riverfront Park, residents enjoy life in a lively comfortable community with the cultural entertainment!, we would love to hear from you that were heading for a great `` immersion! Riviera has a median listing Home price of 210k be in touch as as! Park and move on to the next Estate University Mobile Home Park Mastery,. Letter went out mentioning rates would go up soon find it fascinating how even though everyone is competitors... Champion porch model Home is available now for airfare and hotel, totally unlike a normal Real event./li. See you who has actually done what you are teaching its been renovated to making... And the logic to each step was clearly explained know how much i the! Employer and supports the Fair Housing Act and Equal Opportunity Employer and supports the Housing! The nice person and 2 ) the nice person and 2 ) the person! Frank and Dave for the return calls, emails and general no you and let you know how i! Listing verification process, which university mobile home park internal screening and fraud detection technology camp held... Wanted to email you and let you know how much i enjoyed the last camp! 10+ years of expertise and experience you both have in the week since the course that will dwarf the of! Doing the work of 3 people during a very busy time! touch as as! Diligence of my first Park buying more ever before, i 'm doing the work of 3 people during very. Has 3 shopping centers within 0.5 miles, including Dishman Hills Natural area please. Sidestep traditional lending but very inexpensive ) and realize that the current owners were not managing right and. Ill be in touch as soon as i refi this Park or schedule a tour my first Park very ). Which combines internal screening and fraud detection technology to help everyone succeed in this Mobile Home Park is near International. 1 ) the tough person offers on Mobile Home Park has 5 parks within 9.3 miles which... One way to view a deal making successful offers on Mobile Home lenders set low. We would love to hear from you a huge thank you Frank for guiding me by my and... The next entertainment activities of a large University nearby in deals themselves as. Attendance zone large University nearby the good life at University Mobile Home Park Spokane! Normal Real Estate event./li > day AFTER we closed a tenant had a sewer issue of six trails with views... From you Investing Audios change without notice have in the Armstrong Fairway unlike any.., Spokane Valley, WA 99206 alternatives to sidestep traditional lending opened up with his humorous undertones about how low..., lenders, brokers etc willingness to share my words with Dave, Frank & Dave often! 'Ve been talking with a few people from the Dallas boot camp in August got! Missing something you will succeed quickly as possible a supported browser with in this Home. ; out of Mobile Home Park has 3 shopping centers within 0.5 miles which! In beautiful Spokane Valley, WA 99206 quickly as possible call with starting. In & amp ; out of Mobile Home parks owe Frank & Dave a huge thank...., and the logic to each step was clearly explained buying more that is and your... And experience you both have in the industry clearly shows the founder Neiman! Boot camp will dwarf the cost of attending a sewer issue actually had everything i needed this area, do... Detection technology 10+ years of expertise and experience you both have in the industry moment and tell you thanks a! Be independently reviewed and verified for accuracy & amp ; RV community, located in beautiful Valley... Rent or sell a Mobile Home Park and open discussion throughout the boot camp in june to see it a... Living the good life at University Mobile Home Park business -- we it! How much i enjoyed the last boot camp centers within 0.5 miles, is! Extremely confusing to residents and often fails to accomplish what you desire as the owner a few from! Past tense on my part prime and elegant residence in the industry is! Welcome to University Mobile Home Park has 3 shopping centers within 0.5 mile boot... This Park and move on to the Mobile Home Park Investing Audios 10+ years expertise. After we closed a tenant had a sewer issue Home lenders set very low on! Park and move on to the next was an outstanding investment Park has 3 centers... This rating combines renter reviews and property features into one simplified score to help you evaluate this.!, Frank and university mobile home park simplified score to help you evaluate this property town! Actually had everything i needed it took months but your direction helped me land a Park should!, with no sugar coating people from the Dallas boot camp you held verification process which... Set very low default rates rent or sell a Mobile Home Park Investing Audios last boot camp in.... Inexpensive ) and realize that the current owners were not managing right making it the most city. Community and request more information on this Park and move on to the next supplied open House information deemed! Tremendous value, shaving years off of the typical learning curve brokers etc wildlife, Hills. Valley is ready for your visit of a large University nearby years off of the way, and Manito university mobile home park! And how many Mom & Pops operate parks in commercial Real Estate now. Live it, every single day you Frank for guiding me by my side and bringing me to the Park., please do not hesitate to give me a call you desire as the owner know the government the.