#52 Fran Rizzo | Changing perceptions create impressive returns in mobile home parks

The Money Mindset Mentoring Podcast

Steve Hamoen and Frank Rizzo discuss the perception and realities of mobile home parks, touching on celebrity residents, cost comparisons with traditional homes, and investment benefits. They also explore the trend towards smaller living spaces and the impressive returns on mobile home park investments.

About Frank Rizzo

Links: https://www.linkedin.com/in/frank-rizzo-20818843/ https://themhpexchange.com/

Bio: Frank Rizzo is Co-Founder of Stone Capital Investors. He has over 20 years experience in real estate as a broker, owner and syndicator. For the past 12 years he has been active in the MHP space and during that time he has acquired and re-positioned over 20 communities and 1,567 lots.

Starting his entrepreneurial journey in high school, Frank obtained his real estate license at 19 and went on to earn his Series 7, 24 and 63 licenses by 23. He later opened his real estate brokerage, Cornerstone Realty at 28. With a focus on alternative investment opportunities in the real estate market, Frank trained industry recognized top producing sales agents and developed a track record for sourcing, re-positioning and marketing real estate assets. He had been elected to serve his local real estate board as director and later served as President of the Staten Island Board of Realtors.

With a deep passion for learning and improving in the real estate industry, Frank has built a career in seeing opportunities and values where others do not. His persistence and consistency are the keys to bring those visions to life. Recognizing the importance of exchanging information with like-minded professionals, he along with his partner Eric Busuttil, launched the MHP Exchange - a platform to provide insights to the market and industry. Through this, he aims to use his passion for the MHP space and affordable housing to provide better housing alternatives and communities.

Frank attributes his success to the the F.l.L.O. system - first in, last out. He believes that energy, drive and passion outweigh other perceived shortcomings. Maintaining focus and moving from one situation to another with the same enthusiasm are key factors in his journey and success.

(0:00) Tattoo face and the vacant homes incident (0:29) Introduction and welcome to the podcast (0:50) Celebrities who lived in mobile home communities (1:18) Changing the perception of mobile home parks (2:48) The trend towards smaller living spaces (3:32) Cost comparison: manufactured homes vs. traditional homes (5:50) Community dynamics in mobile home parks (9:59) Depreciation and investment benefits (12:05) Impressive returns on mobile home park investments (40:00) Closing remarks and next steps (45:00) Sponsor: Acme Realty