A common misconception in the world of real estate is that mobile homes have a built-in expiration date, destined to deteriorate beyond repair. However, this notion couldn't be further from the truth. With proper maintenance, mobile homes can stand the test of time, defying the myth of disposability. Here’s why these homes are built to last.
Read MoreThe August 2024 Commercial Real Estate Investing Newsletter
In the complex world of RV park acquisitions, the ability to renegotiate terms is crucial. It's a misconception that once a deal is struck, it’s set in stone. The reality is, most transactions undergo adjustments as new information surfaces during the process. Recognizing when and why renegotiation is necessary can make the difference between an average deal and a highly profitable one.
Read MoreWhen you're on the verge of renting out a billboard, it's tempting to jump straight into the paperwork. After all, you've found a potential advertiser, and now it's time to seal the deal, right? Not so fast. Leading with the contract might actually push the sale further away. Instead, a more effective strategy is to focus on the creative aspects first—let's call it closing through engagement. Here’s how it works.
Read MoreIt’s election season, and there are wild claims hitting the media of how the Federal government can be used to create affordable housing. In this Mobile Home Park Mastery podcast we’re going to burst the bubble on these reckless claims and explore the two key solutions that nobody cares to talk about.
Listen To Episode 357There’s little to like in the national news today. Between a pending recession, the war in Ukraine, the war in Israel, inflation and the highest interest rates in 40 years, there’s plenty to be depressed about. But all that negative news is great news for RV Park buyers. In this RV Park Mastery podcast we’re going to explore why all of the bad things going on in America right now is an “opportunity creator” for buyers.
Listen To Episode 107Most real estate buyers have an endless attraction to what are called “hot markets”. But this pursuit has some disastrous results for most self-storage buyers. In this Self-Storage University podcast we’re going to explore the truth about “hot markets” and how to approach them properly.
Listen To Episode 105A billboard is nothing without a paying advertiser on it. And the types of advertisers have changed over the years and are still evolving. However, there are many attributes of successful billboard advertisers which always remain the same. In this Billboard Mastery podcast we explore what those traits are.
Listen To Episode 101Larry Abramowitz went to Mobile Home Park Boot Camp in 2020 and now owns 16 mobile home parks in North Carolina, South Carolina, Illinois and Kansas. He used the classic textbook turnaround plan of buying them cheap and pushing rents and occupancy.
Watch The VideoThere are some fundamental differences between investing in the stock market and mobile home park ownership. In this two-minute video Frank compares and contrasts the main features of each and why mobile home parks are the better bet.
Watch The VideoTraditionally, housing in America was based on large spaces. In 1790 the average house was 831 sq. ft., and by 1990 that had risen to 2,000 sq. ft. By 2015 it had risen again to 2,500 sq. ft. But now the pendulum is swinging the other direction and that’s creating more demand for self-storage by those who are “living smaller”. You see this throughout the media including the many “tiny home” programs.
Read MoreRoads are an essential responsibility of the park owner. Yet few people understand all the issues regarding what road widths are acceptable and what are not. In this Mobile Home Park Mastery podcast we’re going to explore and expose the key issues regarding proper road widths as well as some solutions to the most common problems.
Listen To Episode 356The definition of "case study" is "analysis of a particular case to illustrate a thesis or principle". In that spirit we offer this case study of a mobile home park in the Midwest in which around $3 million of value was created over a seven-year hold. We’re going to show you the exact steps, what they yielded, and the lessons learned. If you have been considering a mobile home park investment, this video answers many questions on the potential of these type of income-producing assets.
Watch The VideoIn an America that is lacking in accountability, the city official – whether zoning or inspections – is a master at that craft. Yet how you interpret what they say can make the difference between buying the deal or walking it. And often you have to bring in reinforcements to protect you interests. In this Mobile Home Park Mastery podcast we’re going to explore the science behind interacting with city officials.
Listen To Episode 355When considering the purchase of a foreclosed self-storage facility, it's crucial to focus on current income rather than construction costs. Often, potential buyers fall into the trap of using the bank’s loan amount or the facility's original construction cost as a valuation guide. However, these figures are largely irrelevant to the actual value of the property in its current state.
Read MoreThe traditional idea that saving enough for retirement is feasible for the average American is largely a myth. The reality is stark: most Americans have less than $25,000 saved, and many are underwater with their mortgages. With rising costs of living, including healthcare expenses that can spike household budgets, the notion of comfortably saving for retirement seems unrealistic for many.
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