What makes this event so exciting is that almost half of it is held in the field – in actual mobile home parks. You will walk around everything from no-star to 5-star parks and learn how they work and learn the difference between a good deal and a bad deal.

“We really like doing this event in Dallas, as Frank and I have owned so many mobile home parks over the years here and really know this market well” said Dave Reynolds. Some of the parks that will be toured are ones they have formerly owned, as well as ones that they currently own.

For more information go to www.mobilehomeparkstore.com, or call (800) 950-1364.
Frank & Dave’s Opinion of This Story:

If you buy a mobile home park without attending this Boot Camp, you have made a serious mistake. This event will pay for itself many, many times over. We have actually had people who took the Boot Camp and turned around and dropped the deal they had under contract before they showed up, in order to pursue better deals that we showed them how to find. Others have found great deals immediately following the boot camp, using the principals we taught them.

“Until now, there has never been a successful roadmap to investing in mobile homes inside mobile home parks” said Dave Reynolds. “To invest in mobile homes, it is essential that the park owner offer certain incentives and formulas to help share the risk and ensure that the experience is a profitable one. Only at the MobileHomer.com can you obtain the list of participating mobile home parks that will make your investment a winner.”

For more information, go to www.MobileHomer.com, or call (800) 950-1364.

“Dallas is a great place to hold the Boot Camp since Frank and I have owned so many parks here” said Dave Reynolds, founder of Mobilehomeparkstore.com, the nation’s #1 website for the mobile home park industry. “We will be walking around a ton of parks – from 1 star to 5 star in quality – some of which we own or have owned. The whole point is to show you how to figure out if a park is a good buy or bad buy, using every shortcut, insider secret and trick we know.”

Many of the attendees go on to buy successful mobile home parks within a few months of the course. “I think we have, by far, the best track-record of people who can act on the information we present. We try to always show the reality of the business, and walk you through the process from indentifying properties to making offers, doing due diligence, finding funding, closing and operating them. Maybe that’s because we’ve personally bought about 100 of them.”

For more information, call (800) 950-1364 or go to www.mobilehomeparkstore.com. These events always sell out, and all tickets are sold on a first come – first served basis.

By popular request of our friends from Texas, Oklahoma, Louisiana, Arkansas and surrounding areas, we are taking the Boot Camp on the road to Dallas on April 30^th to May 2^nd.

If you have been waiting until the Boot Camp got closer to home to save on travel cost, here’s your opportunity.

We’ve also made the Boot Camp more affordable than ever. We’ve changed some things around, and got the price down to $1997 for one person. And you can put that on a 0% payment plan spread over five months.

The Boot Camp is the best learning experience we have at the site, and attendees have the highest historical track-record of successfully buying mobile home parks.

My friend introduced me to the idea of Mobile Home Parks about 13 months ago. I read every book on the subject and every internet site I could find. Nothing compares to the information I got from Dave and Franks courses. I read every book they have and listened to every audio program. I attended the bootcamp in July 09. Now just 8 months after I attended Dave and Franks bootcamp I closed on my first park. Using the information I received I bought a fantastic park with great cash flow and tremendous upside.  

The day AFTER we closed a tenant had a sewer issue. I got a few bids to get it fixed. From $4500 to $6500. I was thinking this was a crappy first day. BUT I remembered a few things I learned from the bootcamp. One was not to panic when this kind of stuff happens. So I thought about it overnight and by the morning had another plan. We rerouted a line and just bypassed that old pipe. Total cost. Less than $450

So my bootcamp price and all my books paid off on the first day. I can’t imagine doing this without Dave and Franks info. They arm you with the knowledge you need to go in confident that you will succeed.  Every dime I spent I saved my FIRST day owning the park. I’m confident that the other skills I learned will save me many headaches and thousands of dollars and literally increase the value of the park.

T Conlin

If you are serious about buying a mobile home park, then you do not want to miss this event.

Seats are limited, so don’t procrastinate to avoid disappointment. We may not be back to Dallas for a while (it’s been almost two years since we did the last event in Dallas).

You can sign up on line at www.mobilehomeparkstore.com or call (800) 950-1364. ]]> http://www.mhweekly.com/the-mobilehomepark-investors-boot-camp-is-coming-to-dallas/feed/ 0 http://www.mhweekly.com/event-focuses-on-how-to-make-money-in-mobile-home-parks-despite-the-u-s-recession/ http://www.mhweekly.com/event-focuses-on-how-to-make-money-in-mobile-home-parks-despite-the-u-s-recession/#comments Sun, 06 Dec 2009 22:46:56 +0000 Dave Reynolds http://www.mhweekly.com/?p=39 Mobilehomeparkstore.com, America’s most popular website devoted to the mobile home park industry, is hosting a conference on February 20 – 22 in Anaheim, California entitled “Successful Mobile Home Park Strategies for the U.S. Recession”. This three-day event also features one day devoted to self-storage investing, which has many of the same low management/high return features as mobile home park investing.

“We get 10,000 hits per day at the site, and one of the number one questions is what the current U.S. recession will do to the industry,” says Dave Reynolds, owner of Mobilehomeparkstore.com. “So we decided to hold a special event to address this issue from all angles and all aspects of the mobile home park business”. Speakers will range from park owners to mobile home manufacturers, asset protection experts, mobile home park brokers, mobile home park lenders, and many others – 15 speakers in total.

What are some of the features of the mobile home park industry that make it attractive to investors during the recession – at a time when most real estate investments are falling apart? The first, and most compelling, reason is the simple fact that it is based on “affordable” housing; essentially housing for people with lower incomes. This group, who frequently earn only minimum wage, are feeling little impact from the large-scale layoffs affecting most American workers. “While many well-paid workers ranging from assembly line workers to office managers are losing their jobs, the folks who work at fast-food restaurants and grocery stores and thousands of other low-paid occupations, are not seeing any cutbacks at all”, said Reynolds. This is becoming the most dependable and employable of all wage levels. Indeed, even the government initiatives that are being discussed to jump-start the economy, such as re-building America’s infrastructure, will be positive for this segment of the economy. Also, as workers lose their well-paying jobs and seek to downscale their housing also plays well into the mobile home park business. The timeliness of this type of investing has never been better – it is a counter-cyclical strategy.

Equally important are standard industry cap rates of 10% to 20%, and cash on cash returns of 20% to 50%. These high returns are fairly common in this unusual investment niche. In addition, many sellers are willing to self-finance the transaction, so you do not have to obtain a bank loan, and can often borrow with non-recourse. Mobile home park yields are probably the highest of any real estate investment class. And the recession is actually making these yields higher as desperate sellers reduce prices even further.

Another extremely attractive feature of mobile home park investing during the recession is the inability of the customer to leave one park for a better deal at another. “At a cost of around $3,000 to move, set and skirt a mobile home, there is no way a customer can afford to move their mobile home from one park to another”, says Reynolds. “Studies have shown that 90% of mobile homes are never moved again once they are set up in the first mobile home park”. As a result, your revenue as a park owner is very stable since customers may come but they never go. And no matter how bad the recession gets, that is unlikely to change.

Some of the most important features of the event will be the discussion and strategies park owners can use to fill lots. Manufacturers will be there to review their lowest cost products that can be purchased by park owners to bring in and sell themselves. There will also be speeches on how to retro-fit mobile homes to make them work more effectively as rental units, and over ten different, fresh strategies to fill lots without waiting for dealerships to call. Mobile home park lenders will discuss current trends in financing and strategies to get loans in a tough economy.

This event will only happen once, and will not be repeated. If you go to just one investment conference this year, this should be the one.

For more information on this event visit the Mobile Home Park Summit Page.