Don’t Miss Out On Our Mobile Home Park Investor’s Boot Camp On July 16th, 17th And 18th In Dallas, Texas

Time is running out to sign up for the Mobile Home Park Investor’s Boot Camp that’s coming up in Dallas a week from Friday. This is the best, most thorough thing we do, and you will be amazed at how much you will learn over three days of total immersion. Read more »

Brokering mobile home parks & manufactured home communities throughout the U.S

Appreciation & Real Estate
A myth that many homeowners, commercial real estate investors and Realtors believe is that real estate always appreciates.  Lots of home buyers and lenders are left holding the bag during the current sub- prime housing meltdown.  It’s the same way with investing in parks or communities or even stocks.  Real estate appreciation and falling values both depend on many things:  lending terms, interest rates,   demand, tax policy and more. Even if you faithfully raise your rent every year and your expenses stay flat or at least your income growth outpaces the expenses—your community doesn’t necessarily increase in value.  Currently the biggest reasons why parks and communities aren’t appreciating: Read more »

Arc Debt Goes Into Restructuring

Hedge fund Farallon Capital Management is facing a restructuring of around $1.53 billion in debt it took on as part of its $1.8 billion leveraged buyout of Affordable Residential Communities, LLC. Included are around 260 mobile home parks in 23 states, with over 55,000 lots. Read more »

Mobile Home Park Investors’ Boot Camp Is Coming Up On July 16th To 18th In Dallas, Texas.

If you are serious about investing in mobile home parks, then attending Frank & Dave’s Mobile Home Park Investors’ Boot Camp needs to be on your list of next steps.

This is the event in which Frank & Dave, who have owned and operated over $100 million in mobile home parks over the past decade, Read more »

Frank & Dave’s Mobile Home Park Investing Boot Camp Is Approaching:

July 16th To 18th In Dallas, Texas
The Mobile Home Park Investors’ Boot Camp will be held in Dallas, Texas on July 16th to 18th. This is the immersion event in which students learn everything there is to know about finding, negotiating, buying, turning-around, operating, problem-solving, financing, and selling mobile home parks in one information-packed weekend. Read more »

City of Poway to Sell Mobile Home Park to Hometown

The City of Poway, California is taking steps to sell the 397-space Poway Royal Estates to Hometown America, which owns 129 mobile home parks in the U.S., for a price of $38.3 million. In addition to the $38.3 million, Hometown will have to make improvements, to the satisfaction of the city, totaling another $1 million. Read more »

Mobile Home Park Owner To Pay Fine

The owner of four mobile home parks in Dayton, Ohio has agreed to pay a $38,000 fine for exceeding the amount of wastewater that could be discharged under their permit. Read more »

Mayor Offers To Help Jensen Park Residents

Mark Boughton, the Mayor of Danbury, Connecticut, is offering to help with the flooding problems at Jensen’s Lakeview Mobile Home Park. The senior citizen residents are frustrated over recent flooding in the park following recent rainstorms. Read more »

WELLS FARGO RELEASES FOURTH EDITION OF ITS MANUFACTURED HOME COMMUNITY FINANCING HANDBOOK

CARLSBAD, CA March 24, 2010 -Wells Fargo (NYSE:WFC) has released the Fourth Edition of its Manufactured Home Community Financing Handbook (attached hereto) created by Tony Petosa (tpetosa@wellsfargo.com) and Nick Bertino (nick.bertino@wellsfargo.com) of Wells Fargo’s Multifamily Capital office in Carlsbad, California. Read more »

Mobile Home Park Owner Gifts $900,000 To Christian Television Station

Jim Galaway, a 78 year-old mobile home park owner in El Paso, Texas has given $900,000 to Channel 38,which broadcasts Christian television programs 24 hours a day from El Paso. The $900,000 is being used to buy a 13,000 square foot building and equipment that formerly housed Channel 4 in El Paso. Read more »