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 #1 with Frank as it will act as a primer to today’s more advanced show.     Click to Listen Here’s What You’ll Learn 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 Our Guest Frank Rolfe – Company Website Recommended Resource Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide Schedule a free 30 minute “no obligation” 30 minute call directly with me by clicking this link  https://www.timetrade.com/book/KV2D2 Looking to invest in Mobile Home Parks? Want to partner with me personally on a deal? Click this link to schedule a time for us to talk  https://www.timetrade.com/book/FGF7S Learn more about Mike and his company, please visit www.MobileHomeUniversity.com Review and Subscribe