Monetizing Mobile Home Parks

Dive into the lucrative world of mobile home park investments. Master the tools and strategies to minimize risks and increase profits!

26
Hrs
Mins
Secs
5
28
55
SEGMENTS DURATION
More Classes
INSTRUCTOR

Umaer Haq

Just 8 years after becoming a Renatus student, Umaer Haq's hard-earned success in real estate investing has earned him the title of Renatus Instructor. His dedication to learning and trying various investing strategies has helped him develop expertise in the acquisition, management and sales of mobile home parks and individual mobile homes. Umaer and his wife, Yas, have become leaders in the Renatus community and enjoy both investing and marketing, while still having time to spend with their family.

Description:

Step into the promising world of mobile home park investments. Unravel the secrets of a thriving real estate business, distinguish between the various types of homes, understand financial management, and master quick deal assessments. Learn deal-generating strategies and how to conduct thorough investment due diligence. You'll also get valuable insights into various cutting-edge business management tools. Understand wholesaling mobile homes, purchasing at a discount, rehabbing, flipping, lease agreements, and seller financing as well as creating cash flow with installment contracts and financing arbitrage with real-world examples from our instructor. Cap off your learning journey with a personalized action plan that prepares you for success. Armed with these practical insights and industry secrets, gear up to make your mark in the lucrative field of mobile home park investing.

  • 1

    Pre-Assessment

  • 2

    Introduction

    Meet Umaer Haq, once a Renatus student, now a seasoned real estate professional and expert on mobile home park investing.

  • 3

    Goals

    Understand your motivations, your 'need' and ‘want’ numbers, and get ready to reach your future financial goals with a results-focused, purpose-driven, massive action plan.

  • Show all 26 segments

    • 4

      Real Estate Basics & Terms

      This class segment discusses the three legs of any business: sales and marketing, finance, and operations. It also explains the visionary and implementer roles of a business owner.

    • 5

      Why Mobile Home Parks?

      The segment explores the numerous benefits and opportunities of mobile home park investing, including renting, owning, flipping and wholesaling.

    • 6

      Mobile Home Sizes & Types

      Know the differences between mobile homes, manufactured homes, and modular homes, focusing on their characteristics, advantages, costs, and potential for investment.

    • 7

      Market & Class Types

      Learn the different types of markets and asset classes for real estate investments, in the context of mobile homes.

    • 8

      Income & Expenses

      Mobile home parks can offer operational, investment, and passive income when you consider CapEx, OpEx, and sources of funding for optimum revenue.

    • 9

      Generating Deals

      Know the various strategies to generate deal flow in mobile home park real estate, such as auctions, probate, online platforms, networking, and more

    • 10

      Renatus IOS

      Learn how to use the Renatus Investor Operating System (Renatus IOS) for real estate investing, to retrieve names and numbers, and finds potential buyers for wholesale deals.

    • 11

      Quick Math Analysis

      Master the quick financial calculations necessary for creating offers on potential real estate deals.

    • 12

      Detailed Number Analysis

      This segment elaborates on real estate investment finances, with terms such as NOI, cap rate, expense ratio, and cash on cash return.

    • 13

      Financial Modeling

      Understand financial modeling in purchasing and improving mobile home parks as an investment, from forecasting and comparing cash flow, to return on investment.

    • 14

      Moving Mobile Homes

      Be aware of the appropriate permits and steps required for transferring a mobile home from one location to another, including cost, inspection, and permitting processes.

    • 15

      Purchase Contracts

      Understand your client and the deal size when structuring purchase contracts, varying from simple two-page contacts to an LOI for larger deals.

    • 16

      Deal Structures & Financing

      Master your financing options, such as partnerships, self-directed IRA or 401k, home equity lines of credit, and bank loans from small local banks.

    • 17

      Due Diligence

      Learn the crucial aspects of due diligence when investing in a mobile home park, including title, inspection, park approval, utilities, zoning and more.

    • 18

      Due Diligence Spreadsheet

      Gain access to a comprehensive due diligence spreadsheet that covers property claims, analyzes rent demand and demographic trends, and infrastructural factors.

    • 19

      Tech Stack Systems

      The instructor shares his tech stack including CRM systems, automations, and financial management tools that enable him to operate his business remotely.

    • 20

      Financial Automation

      The instructor discusses and emphasizes the importance of financial automation in being a successful business owner.

    • 21

      Wholesaling

      Know the process of wholesaling mobile homes from start to finish, including lead generation, communication with sellers, making an estimate and offer, and more.

    • 22

      Additional Strategies

      Go beyond the expected with strategies including purchasing at a discount, rehabbing, flipping, lease agreements, and seller financing.

    • 23

      Wrap Example

      Understand how the instructor has created cash flow with installment contracts and financing arbitrage, and learn the steps in this profitable business model.

    • 24

      90 Day Action Plan

      Implement what you’ve learned with a customized plan of action including classes to watch, goals to reach and strategies to consider. Are you ready to take action?

    • 25

      Questions & Final Tips

      The instructor emphasizes several key principles for success in personal and professional life, and mobile home park investing.

    • 26

      Post-Assessment

  • 26

    Post-Assessment