029: Frank Rolfe on Making Millions with Mobile Home Park Investing
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 RolfeHow 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 Get the Lifestyle Investor Book! To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/book Rate & Review If you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, Stitcher, Castbox, Google Podcasts, iHeart Radio, or wherever you listen, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Justin DonaldFacebookYouTubeInstagramLinkedInTwitter See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.