The movie Ford vs. Ferrari focuses on driver Ken Miles, who was always in pursuit of the “perfect lap”. But what does the “perfect park” look like for the mobile home community buyer? In this episode of the Mobile Home Park Mastery podcast series, we’re going to discuss what the “perfect park” would look like structurally, geographically and financially. You don’t need a GT40 to find this podcast interesting.

Recent news articles on Trump University and Legacy (formerly Tigrent) have brought up the question of the value of ultra-expensive real estate “personal coaching”, which can sometimes run the student $25,000 to $100,000. To any outsider, this would seem like an absurd amount. We agree. But if this is way too high, then what amount is fair?

There are many unscrupulous groups that are trying to convince American investors that the only way to succeed in real estate investing is to pay $25,000+ for private coaching/mentoring. This is a terrible waste of money, and it is a complete fabrication to even pretend that such methods work. There are many reasons why.

Many people feel insecure about negotiating commercial real estate deals. They feel that there’s some type of magical formula, or some super-human skill set that others possess. Well, forget those books by Donald Trump and others on the art of negotiating. There is no art to negotiating – other than how to approach it and the liberal use of common sense. Anybody can negotiate a commercial real estate deal, if they follow these easy steps.

Commercial real estate encompasses a large number of asset classes, including retail, office, mobile home park, RV park, apartments, billboards, industrial, self-storage and raw land. Each of these asset classes has their own unique characteristics. So how do you decide which asset class to invest in?

There are many ways to invest. But the most proven way of obtaining high returns has been through commercial real estate. This is not just a recent phenomenon – it dates back to the founding of the United States. John Jacob Astor became America’s first millionaire through commercial real estate in Manhattan. And the fundamental reasons that commercial real estate is the #1 investment choice remain as true today as they were in the 1800’s.

Rodney Dangerfield got no respect – and that’s a common problem with mobile home park owners. In this edition of the Mobile Home Park Mastery podcast series, we’re going to review strategies for owners to gain respect among sellers, bankers, brokers, residents and their peers. With respect an important part of self-worth, it’s important to discuss this topic and concrete steps to improve your standing.

Between now and 2037 roughly a third of all single-family homes in the U.S. will come on the market – over 20 million dwellings. This is twice the amount of supply during normal years, and will result in huge changes in population centers, home prices and financial markets. In this week’s Mobile Home Park Mastery podcast we’re going to explore what the Silver Tsunami is exactly, as well as the impact on markets and mobile home parks going forward. As you’ll see, a megatrend of this size will have certain casualties and you want to make sure that you are on the right side of this potential calamity.

In the quest to create win/win opportunities with community residents, one that has become particularly appealing is called “cable bundling”. It allows you to offer the resident internet, telephone and cable TV inclusive in their monthly rent, at an incredibly low price. So what is “cable bundling” all about and how can it benefit your customers?

There’s only one Sean of the Dead – the guy that buys mobile home parks that are completely dead and brings them back to life. Unpaid property taxes, embezzling seller, massive vacancy, utility disasters – all no problem for Sean. His deals are legendary for low up-front investment and huge rates of return. We’ve been trying to get him on a Lecture Series event for years, and now we’ve finally succeeded.

This event was the ultimate primer to mobile home park investing. We went over the complete basics of how investing in mobile home parks work, and then opened the phone lines up to questions. We covered everything from the industry’s unique history and attributes, to how the business model works, estimated levels of return, and a few case studies of deals we’ve done.

Billboards have been around for over 100 years in their modern format. We all know that the industry standards are wooden telephone pole, I-beam or steel monopole structures in sizes of 12’ x 24’, 10’6” x 36’ and 14’ x 48’. But yet there are new ideas that come up periodically as billboard owners attempt to find even less expensive methods to deliver billboard messages, many of which are in ad sizes all their own. So what are these experimental billboard concepts?

Records written in purple crayon on loose-leaf paper. Revenues in cash kept in a metal box. These are all things that we’ve seen in RV park due diligence. And they can cause real problems in trying to obtain debt to buy an RV park or even instill the confidence needed to make a legitimate offer. So what do you do when the seller does not have good “books” – any “books” at all?

With the New Year upon us, there’s little time to waste if your goal is to acquire a self-storage facility in 2020. But it’s one thing to talk about it, and another to actual do it. When approaching something as significant as buying a storage property, there’s an established play book that has very concrete, step-by-step directions, if you will simply follow what others have learned over the years. So what are the steps?

Television is not what it used to be. And in this episode of the Mobile Home Park Mastery podcast series, we’re going to revisit the favorite sitcoms of old and give them a trailer park twist. We’re going to review how they could be re-made in a mobile home park dimension and what the morals would be of the show. As you’ll see, there’s much to be learned in these new series.