Mobile Home Park Masterclass
How to Crush Your Investment
(without Crushing the Little Guy)
Many have lost in the Mobile Home Park game, but many more have made millions in a very short time by following some simple yet uncommon rules.
The MHP Masterclass is the perfect intersection between textbook real estate best practices and real world, tried and true experiences.
Easy to understand, get to the point instruction.
Optimized to fast-track the learning curve, without compromising quality.
Go at your own pace video lessons.
Lesson Assessments to test your knowledge.
Every student who enrolls in the course is eligible for a free deal evaluation from the Esterson Team.
Course Outline
What are MHPs?
Why MHPs are a Good Investment
The MHP Industry
Factors to Consider When Purchasing a Park
Size and Location of MHPs
Why MHPs are a Good Investment - Assessment
Your First MHP Deal
6 Steps to Plan Your First MHP Deal
Planning Your First MHP Deal - Assessment
Creating an MHP Database
Finding MHP Parks
Conversations with the Seller
Utilities at an MHP Park
Understanding Utility Systems
How to Create an MHP Database - Guide
Creating an MHP Database - Assessment
Getting Comfortable with Risk
Risk due to Supply and Demand
Risks due to Investment Return
Managing Risks with Due Diligence
The Positive Side of Risk
Getting Comfortable with Risk - Assessment
Tenants and Due Diligence
Profile of an MHP Tenant
Good Tenants vs Bad Tenants
Charging Rent
Tenant Application Checklist
Tenants and Due Diligence - Assessment
Being an Empathetic Park Owner
Empathetic Capitalism
Ethically Raising Rents
Being an Empathetic Park Owner - Assessment
Setting Goals
What are your Goals?
Setting SMART Goals
Setting Goals - Assessment
Introduction to Underwriting
Underwriting Worksheets
Simple Ballpark Underwriting
Old-School Underwriting
Everything Underwriting
Advanced Underwriting
Underwriting Survey
Is this a Good Time to Buy a Park?
The Rundown on Rents
Supply & Demand
How to Be Competitive
Financing a Park
Test Your Knowledge
Due Diligence List
Templates
Income vs. Expenses
MHP Glossary of Terms
The MHP Manifesto (eBook)