Today, I’m talking to Frank Rolfe — the godfather of mobile home park investing.
Frank has been an investor in mobile home parks for almost three 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 a portfolio valued at over $500 million.
He is also the co-owner of Mobile Home University, which teaches people the exact steps to successfully evaluate, purchase, repair, rent, and sell mobile homes.
In today’s conversation, you’ll learn how Frank accidentally broke into the world of mobile home park investing, his approach to analyzing deals, and why now (more than ever), mobile home parks present incredible opportunities for lifestyle investors.
Key Takeaways with Frank Rolfe
- How Frank started his career with a beat-up trailer park that was losing money on the wrong side of Dallas – and how he sold it for a $1 million profit!
- Why so many mom and pop operators lose money on their mobile home parks–and why almost every one of these losses can be turned into income with minimal effort.
- The pros and cons of CMBS lending.
- What Frank is doing to protect himself from rampant inflation and potential economic downturns.
- How the mobile home park industry may consolidate as private equity enters–and what makes it different from multi-family apartments.
- Why the modern mobile home park doesn’t look anything like the stereotypes created in the media.
- How mobile home parks thrived during the COVID-19 pandemic.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/29
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