February 15, 2008

For Immediate Release:

Contact Dave Reynolds at 1-800-950-1364 or email dave@mhps.com

Mobile Home Park Investment Bus Tour

After 10 years of helping mobile home and mobile home park investors buy, sell and operate their mobile home park, MobileHomeParkStore.com will be having it's first ever seminar on April 12, 2008.

Frank Rolfe will be teaming up with Dave Reynolds to conduct this live mobile home park bus tour in Dallas, Texas.  Unlike the typical seminar where you sit in the room and wait to get pitched product after product and walk away with a hole in your wallet and sketchy information, Frank and Dave will be doing something a little different.  They will be hopping on a luxury bus with no more than 50 serious mobile home park investors and visiting mobile home parks all over the Dallas and Fort Worth Metroplex. 

They have owned some of the parks that you will see and they have looked at buying many others.  They will go park by park and tell you the good points and bad about each park on the tour.  After that they will wind the day down with a great meal at the Cattlemen's Steakhouse in Fort Worth where they will discuss the days events and answer any questions that you may have.  It is much easier to talk about a mobile home park when you are sitting there in front of it. 

When Dave and Frank started in the industry, it was no problem filling lots and finding cheap repossessed homes to fill vacant lots.  Over the past 5 years, things have changed drastically and the ability to find these discounted homes is difficult and financing for new mobile homes in parks is also very limited.  Rather than roll over and wait for things to turn around, they have come up with a proactive approach that works and will help you make wise investments in both homes and parks.

Other mobile home park guru's will tell you that a vacant lot is worth half as much as an occupied mobile home lot.  They could not be further from the truth.  A vacant lot today may actually cost you money in maintenance and other upkeep.  They have seen many investors get burned by taking this approach and are determined to educate new and seasoned investors alike with realistic products that are honest and up-to-date.

In 2003, Warren Buffet purchased Clayton Homes and Oakwood Homes in 2004.  He liked the model of manufactured housing and believes that it provides a good value to the purchaser.  Frank and Dave agree with this summation and are confident that if you invest in mobile home parks the correct way, you will not be affected by drops in the economy as would investors in other types of real estate. 

In 2002, Dave had a mobile home park that was devastated by a tornado.  In the aftermath of that disaster he thought about throwing in the towel many times and changing his focus.  However, he stuck with it and learned how to buy mobile homes at 50% or less on the dollar.  Within a year, he had the park back to over 90% occupancy and it looked much better than before the disaster.  "After the initial shock, I took this as a learning experience that has helped shape my future investments and to deal with all the crazy things that happen to us mobile home park investors", Dave said. 

Similar to Dave, Frank had one of his first trailer parks go awry when the gas company turned off the gas to his park.  He had to act quickly and think outside of the box as most of his residents were without heat in the dead of winter.  After looking at every option, with some of them well over $150,000, Frank made a deal with a propane company to take over the the servicing of the gas system.  He saved at least $100,000 and his residents had heat again. 

Also known as MHPS.com, Dave's website has become the focal point of the industry when it comes to buying or selling a mobile home park.  In March of 2007, the founder of the site, Dave Reynolds, teamed up with another mobile home park investor and industry expert, Frank Rolfe, to put together the most comprehensive educational products for new and seasoned mobile home and mobile home park investors.  With a combined total of over 70 mobile home park deals under their belt, they have experienced the ups and downs of the industry and have developed a proven system of making money in mobile home parks in any economic cycle. 

For more information about this event, visit www.mobilehomeparkstore.com.  On this site you can also browse a list of over 900 mobile home parks for sale as well as find financing for mobile homes or mobile home parks and much more.

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