029: Frank Rolfe on Making Millions with Mobile Home Park Investing

05/20/21 • 66 min

1 Listener

The Lifestyle Investor - Investing, Passive Income, Wealth

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

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

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Today, I’m talking to Frank Rolfe — the godfather of mobile home park investing.

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.

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

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

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 Donald

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at

Previous Episode

028: Michael Blank on The Blueprint to Quitting Your Job with Real Estate

Today, I’m talking with Michael Blank — the leading authority on apartment building investing in the United States.

Through his investment company, Nighthawk Equity, he controls over $90 million in performing multifamily assets and has raised over $21 million.

In addition to his own investing activities, his unique training programs have helped his students purchase over 7,600 units valued at over $337 million.

He's also the author of the best-selling book, Financial Freedom With Real Estate Investing and host of the popular Apartment Building Investing podcast.

Not only has Michael dedicated his life to showing people how to achieve financial freedom through real estate, but he believes anyone can do it within a 3-5 year period, regardless of experience or capital.

In this conversation, Michael shares his incredible story of nearly losing everything before winning in the world of real estate investing. You’ll also learn all about multifamily apartments, the power of real estate syndications, finding and assessing off-market deals, and so much more.

If you want to create passive income with real estate so you can live a life of significance and purpose, this episode is for you!

Key Takeaways with Michael Blank

Why financial freedom almost always leads people back to serving others.
How Michael quit his job without notice to pursue a life of financial freedom and the mistakes he made along the way.
How real estate investing in syndication allows buyers to purchase relatively safe assets with a minimum of risk.
Why Michael has the same problems with stock market investing that I do–and why it’s so easy to think you’re earning back more than you actually are.
How private equity investing, alongside real estate deductions, make it possible to achieve pure profit.
The value of building relationships with brokers instead of chasing publicly listed deals.
How real estate investing lowers the barrier to entry for so many entrepreneurs.
What Michael is doing to build a legacy.

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/28

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

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 Donald

Next Episode

030: John Ruhlin on The Art of Gift Giving and Building Great Relationships

Today, I’m speaking with my good friend John Ruhlin. John is a master networker, keynote speaker, sales and marketing expert, and entrepreneur who has built an entire business around the art of gift giving.

It all began when he created the Corporate Gift Program at Cutco - which he still owns to this day - and now he’s creating gift packages for some of the largest companies and pro sports teams in the world!

His book Giftology, has ignited a movement that is helping other businesses level up their gifting game and increase their bottom line. For over a decade, the Giftology System has been helping privately owned businesses and billion dollar companies get to new levels of success with it’s proven process.

In this episode, we’re talking all about the art of gift giving and the profound impact it can have on both your personal and professional life. You’ll learn how bad gifts damage relationships, and how good ones can cut through noise and leave lasting, positive impressions — not just with friends and family, but with partners, clients, prospects, and more!

If you want to learn how gifting can win hearts and become your best marketing tool, don’t miss my conversation with John Ruhlin!

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/30

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

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 Donald

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.