David Reynolds
Dave Reynolds is a successful real estate investor that has specialized in the purchasing of Mobile Home and RV Parks for the past 12 years. He has the keen ability to quickly assess deals, cut through hype, measure upside vs. downside risk, and make sound decisions. He has owned and operated over 55 Mobile Home & RV parks over the past 12 years in 16 different states. He currently owns over $10,000,000 in mobile home park real estate. Dave Reynolds received a B.S. in Accounting from Mesa State College in Colorado in 1992 and attended graduate school majoring in Accounting and Taxation at Colorado State University in 1993-1994. Dave Reynolds and his partner, Frank Rolfe, have combined forces to bring the real estate market a better perspective on the multiple successes you can have with Mobile Home Parks. Together they have a combined experience of 20+ years and over $100,000,000 worth of deals under their belt.
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Why Pretty Mobile Home Parks Have Ugly Returns
April 26, 2020
Some mobile home park buyers have this erroneous idea that the goal is to buy the best looking mobile home park they can find. They even rate the parks they look at based on physical appearance. The star system is a good example. Most people think a five-star park is always superior to a one …
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Why Now Is The Time To Buy a Mobile Home Park
April 26, 2020
There are a lot of reasons to buy a mobile home park. One is the fact that there are virtually no new ones that can ever be built, effectively capping supply. Another is that you can raise and raise the rent, and nobody can afford the $3,000 or so to move out, so they have …
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Why Invest In Mobile Home Parks
April 26, 2020
From the New York Times to Bloomberg, mobile home park investing is starting to be recognized as an attractive real estate sector. Many investors are learning that mobile home parks are the best kept secret in commercial real estate. So what has made mobile home parks suddenly on the radar screen of the real estate …
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The Top Five Ways To Find A Mobile Home Park To Buy
April 26, 2020
Many investors are learning that Mobile Home Parks are the best kept secret in commercial real estate. But they often do not know how to get started trying to find the ideal mobile home park to fit their goals. The following are the top five ways to find a mobile home park to buy. On-line …
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The Physical Evaluation Of A Mobile Home Park
April 26, 2020
Equally as important as a verification of the financial information on a mobile home park is the physical evaluation of that property. The first mobile home park that I purchased I did my inspection in about 30 minutes from inside of my car. I thought it looked good from behind the wheel and did not …
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Mobile Home Park – Different Types of Utility Systems
April 26, 2020
When you first buy a mobile home park, you are a little terrified of your water and sewer system. What if it breaks down? Can I afford to fix it? Will my tenants get mad and leave if the water goes out for a couple days? One of the key things to remember is that …
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Mobile Home Investing Dealing With Missing Skirting
April 26, 2020
Nothing is uglier than a mobile home without skirting. Even a brand new, top-of-the-line mobile home with a shingles roof and vinyl siding looks like junk in the absence of nice vinyl skirting to hide all the tie-downs and concrete blocks and pipes. Mobile Homes Have No Skirting? So what do you do when the …
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Mobile Home Community Sign Is An Investment – Not A Cost
April 26, 2020
Most Manufactured Home Communities I have bought come with a standard sign design – a 4′ x 8′ sheet of plywood with a faded poorly written name on it and no phone number. This must be a popular design because I see it everywhere. There is also the design of metal or wood letters on …
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Is The Name of A Mobile Home Park Important?
April 25, 2020
What’s in a Name? A lot if it’s a Manufactured Home Community or Mobile Park. Nothing is more disconcerting than approaching a nice manufactured home community and seeing that the name on the sign is “Roll-a-Coach” or “Mobile Heaven”. If it is not bad enough that the industry is constantly battling the stigma of being …
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Increase the Value of Your Mobile Home Community
April 25, 2020
Here is an article on 10 great ways to increase the value of your mobile home community. Raise Rents: A $10 per month rent increase at a valuation using a 10% capitalization rate, can increase the mobile home per lot value by $1,200. Submeter Water,Sewer & Trash: By installing water meters and billing the residents …
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