HOW I TURNED A $10,000 INITIAL INVESTMENT IN A MOBILE HOME PARK INTO A $1,000,000 PROFIT – AND HOW YOU CAN, TOO

If you have $10,000, you could buy a mobile home park just as I did in 1997, when I bought my very first park just south of downtown Dallas. I paid $400,000 for it, and put only $10,000 down, with the seller carrying a $390,000 note with no recourse. It was, on the surface, a piece of absolute junk. The newest home was probably from 1980, the lots were small, the clientele less than desirable, and there was trash and debris, including abandoned cars, throughout the park.

Little did I know, at that time, what a great opportunity had been presented to me. More than once, I considered giving the thing back to the seller, particularly when I lost my natural gas system, and other times when I just had a bad day and could not see the future in what I was doing.

But I stuck with the park, I fixed the problems, I re-marketed it to better tenants, and I increased the income – a lot. I took the lot rents from about $150 per month to $385 per month, and I cut every cost imaginable. For example, I renegotiated the cable TV contract from $2,000 per month to $0 by having the tenants pay it themselves, and I halved the trash bill through competitive bidding. I also fought my property tax assessment, and proactively took measures to reduce repair and maintenance.

Almost a decade later, I sold the park for $1,525,000 – which represented a gain of $1,000,000 over what I had invested in it.

The Mobile Home Park Home Study Course offers you a roadmap to do the exact same thing that I did on that park. Or the others that followed. It represents over 20+ years between Dave and I on learning how to make money in mobile home parks, and another $100,000,000 in real-life parks bought and sold to gain that experience.

Without this course, I can honestly say that your odds of success are very low. And with it, your odds of success are very high. If I had it to do all over again, I would not even think of buying a mobile home park until I had read and listened to this course. Never. It would have saved me a fortune in wasted time and capital, and would have reduced my learning curve by at least a half a decade.

When you invest in this course, you also receive once-a-week access to our mentoring hour, to give you continual support on the concepts put forward in these materials.

You’ve heard the old adage “you have to spend money to make money”. That’s never been more true than with the Mobile Home Park Home Study Course.

The Most Complete and Realistic Mobile Home Park Investment Home Study Course

Includes the entire 24 hour CD Series

• How to Buy a Mobile Home Park - 7 CD's
• How to Sell a Mobile Home Park - 5 CD's
• How to Operate a Mobile Home Park - 6 CD's
• How to Turnaround a Mobile Home Park - 6 CD's

includes a PDF Download of the Transcripts of these CD's that you can follow along with as you listen - 675 pages! 

AND

Receive a Copy of our newly revised Mobile Home Park Investment Manual

• Over 500 Pages on Buying, Selling, Operating, Managing, and Turning Around Mobile Home Parks and Mobile Homes
• All of our Forms and Contracts to Buy and Operate a Mobile Home Park
• This Manual Includes the 10/20 Method - The Proven Method to Make Money with Mobile Home Parks

AND

Receive an additional set of 24 CD's which covers 12 Months of the Frank and Dave 2 Hour Shows.

AND

Receive a copy of our Mobile Home Park Due Diligence Manual

Over 200 pages to cover every aspect of doing due diligence on a mobile home park.

This manual is normally priced at $199.00. 

Included with the Mobile Home Park Investment Home Study Course for a Limited Time

AND

Receive one Quick Deal Evaluation for FREE - this is where Frank or Dave will take a look a  deal that you have under contract and provide you with their thoughts on the deal.  This service is also normally priced at $199.00 but one is included for FREE.

AND

Because we always want to OVER-DELIVER you will also receive access to our weekly mentoring hour.  This is where Frank or Dave or Both of us will be on the phone answering questions or talking about new things happening in the industry.  Again, this is FREE.  You can ask any question or talk about deals.   

Our Home Study Course is not like anything you have ever listened to or read before.  We do not fill it with a bunch of fluff on how your are going to make a million bucks with no money down.  We tell you the whole story... the good, the bad, and the sometimes ugly. 

Our Goal is Simple:  we show you how to invest wisely in mobile home parks and more importantly tell you what to avoid so you don't risk your entire investment!

Detailed Home Study Course Description:

Part 1: The 24 Hours on CD on How to Buy, Sell, Operate, and Turnaround a Mobile Home Park

How to buy a Mobile Home Park

In our "How to Buy a Mobile Home Park" series, you will learn what it takes to make a good investment decision, and how to find the mobile home parks that best meet these investment objectives. 

If you believe that you make or lose money in real estate on the front end, when you decide to buy, as we do, then your mastery of this skill is essential to profitability. 

Like all of Frank and Dave's products, every idea has been tested over and over again in real life -- not just academic theory.  We will tell you what works and what doesn't, filled with examples of what happened when we tried it.

• Learn the deal-killers that you should avoid at all costs. 
• Learn how to value a mobile home park.
• Find out the essential dynamics of the proper use of park-owned rental homes. 
• Structure your deals to minimize risk
• Learn how to mitigate significant problems when they pop up.

With this series you will learn how to build a professional-grade mobile home park acquisition assembly line, where you will be looking at fresh deals on a consistent basis.

And, as with all Frank & Dave products, you will hear nothing but reality -- no glossing over important, but not always happy, issues.  Frank & Dave tell it like it is, and in so doing, take your understanding of the Mobile Home Park investment class from 0 to 60 in a very short amount of time.

CD 1 Includes:

• Brief History of Mobile Home Parks
• Types of Mobile Home Parks
• What Generally Works (Top 10)
• What Generally Doesn't Work (Top 10)

CD 2 Includes:

• Calculating a Cap Rate
• Calculating a Cash on Cash Return
• Breakdown of a Profit and Loss Statement - Revenue & Expenses
• Looking at various P&L's

CD 3 Includes:

• The Worst Deal we have ever done
• The Best Deal we have ever done
• The Perfect Deal (if it exists)
• Finding a Park to Buy

CD 4 Includes:

• Determining Value and Coming up with a Price

CD 5 Includes:

• Putting the Mobile Home Park Under Contract
• Parts of a Contract
• Exhibits
• Time Frames

CD 6 Includes:

• Due Diligence

CD 7 Includes:

• Third Party Reports
• Getting a Loan
• Closing
• Taking Over

After listening to all the CD's in this series we are confident that you will be ready to take the next step and Buy a Mobile Home Park that you can turn into a long term investment of positive cash flow or a quick flip. 

None of our competitors can even come close when you consider that we have done over 70 mobile home park deals in the past 10 years. 

How to Sell a Mobile Home Park

How to Operate a Mobile Home Park

Section #4:  How to Turn a Park Around and Survive Catastrophic Problems

Disaster Strikes, Nobody Pays Their Rent, Are You A SURVIVOR?

Sometimes it takes an extra effort to turn back the momentum on a failing project and make it a winner.  In this series, you will learn the real-life strategies to taking back the control over your park, and making the tenants obey you.  Frank & Dave will counsel you on all of the tricks to taking an impossible situation and quickly righting the ship.  If you think you are in a hopeless situation -- you haven't talked to Frank & Dave!

What do you do when the gas company shuts off the gas when it's 20 degrees out?  Ask Frank & Dave.  What do you do when the television reporter calls to ask about your horrible living conditions?  Listen to Frank & Dave.  What do you do when you are so overwhelmed that you want to give up and deed your park back to the bank?  Lock yourself in your car and listen to Frank & Dave -- then come out swinging!

The How to Turnaround a Mobile Home Park series includes 6 hours all recorded on audio CD's that you can listen to at your convenience.  In addition you can download the mp3 files to play on your IPOD.

Here is what is included on each CD:

CD 1 includes:

• Types of turnaround situations & solutions
• Get rid of undesirables
• Get rid of deadbeats
• Get rid of "hillbillies"

CD 2 includes:

• Getting Everyone on your Side
• Training your Staff to get things done
• Turnaround from a Distance vs Onsite
• Big No-No's

CD 3 includes:

• Loss of Utilities - Gas, Electric, Well Water, Sewer
• City Hall Problems
• Media Problems

CD 4 includes:

• Making the Park Desirable
• Grooming Pride of Ownership Among Residents
• Common Turnaround Problems

CD 5 includes:

• Filling Spaces
• Buying Repo Homes
• Buying other Park Owned Homes

CD 6 includes:

• Bank Problems
• Everything Else that can Bankrupt You
• Tenant Lawsuits (including Class Action)
• Uncovered Insurance Issues (Accidental Pollution)

After listening to all the CD's in this series we are confident that you will be ready to take the next step and Turn your mobile home park into a winner. 

None of our competitors can even come close when you consider that we have done over 70 mobile home park deals in the past 10 years. 

Part 2:  Mobile Home Park Investment Manual - 540 Pages

This manual has been revised for 2009 and encompasses the our original four books on buying, selling, operating and turning around mobile home parks. 

Here is the Index for the new Manual:  Actually the Index is almost a book in itself!!!

Part 3: 24 Hours of Frank & Dave Shows on CD:

This includes various topics that we discussed in 2008.