Oct 19, 2023
When it comes to real estate investing asset classes, none is as misunderstood or maligned as mobile home parks. Much of the scrutiny that mobile home park investors have garnered isn’t based in reality, but rather in a heavily mistaken narrative.
The truth is: mobile home parks, when done ethically and with a heart for the tenants, aren't just good business, they are a public service. Even though it seems like it’s too late to invest in this asset class, this market has created a ton of opportunity.
What’s the surprising history of mobile home parks? How can an investor go after this niche?
In this episode, we’re joined by the 5th largest mobile home park owner in the US, Frank Rolfe. He shares his wealth of knowledge on this asset class, why it’s wrongfully scrutinized and why there’s still a lot of opportunity in it.
I think the reason people love beating up on our industry is that no one really knows anything about it, so you can tell people anything. -Frank Rolfe
Three Things You’ll Learn In This Episode
-Unwarranted hostility
Where does the hatred for mobile home park owners stem from?
-The mobile home park opportunity
Why are mobile homes still a great investment today?
-The pride of ownership
What is the massive problem mobile home parks solve, and how come you never hear about it on the news?
Guest Bio
Frank
Rolfe is the 5th largest mobile home park owner in the United
States. He is also co-owner of Mobile Home University. He 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. He is currently ranked, with his partner Dave Reynolds, as
the 5th largest mobile home park owner in the U.S., with over 250
communities spread out over 25 states. Along the way, Frank began
writing about the industry, and his books, coupled with those of
his partner Dave Reynolds, evolved into a course and boot camp on
mobile home park investing that has become the leader in this niche
of commercial real estate. For more information, head to https://www.mobilehomeuniversity.com/.
Listen to The Mobile Home Mastery on your platform of choice.