The Mobile Home Park Exchange
by The Mobile Home Park Exchange Podcast
Most investors chase trends. Serious investors build an edge.The Mobile Home Park Exchange is where disciplined operators and high-agency investors learn how real wealth is built in overlooked, cash-flowing real assets — starting with mobile home parks.Hosted by Frank Rizzo and Eric Busuttil of Stone Capital Investors, the show breaks down infill strategy, underwriting discipline, operational leverage, structural risk, and capital alignment for investors focused on clarity, control, and long-term cash flow — not noise.
Episodes
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How Niyi Adewole Left a Six-Figure Job to Build a Real Estate Team
Niyi Adewole was a medical device sales director making six figures when he walked away to go full-time in real estate. Frank Rizzo talks with Niyi about building rental income on the side while working corporate, how he knew it was time to leave, and how he built an investor-only real estate…
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She Turned $500 Into a Six-Figure Mobile Home Business
Everyone is chasing mobile home parks. Nichole Briscoe, the Mobile Home Mami, went after the homes sitting on the lots instead. Frank Rizzo sits down with Nichole, who left her W-2 and pension to buy, fix, and rent mobile homes inside parks, and now teaches students nationwide to do the same....
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Land to Passive Income - Brent Bowers’ Journey From Land Flipping to Land-Home Packages
Brent Bowers used to call land passive income. He doesn't anymore. Frank Rizzo talks with Brent of The Land Sharks about his journey from flipping tax-delinquent land to placing new manufactured homes on individual lots and selling them as land-home packages. You'll hear how Brent picks markets...
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Is Big Money Killing Affordable Housing?
Billions in institutional capital are flowing into mobile home parks. Can you raise the standard of a community without pricing out the people who live there?In this solo episode, Frank Rizzo tackles the affordability question head on: why lot rents have climbed, why so many parks were failing...
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Your System Won't Save Your Mobile Home Park. Your People Will.
Mobile home parks get sold as passive investments. After nearly two decades in the space, Frank Rizzo says there's probably nothing further from the truth. In this solo episode of The Mobile Home Park Exchange, Frank explains why the onsite managers and team on the ground are the unsung heroes...
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The Turnaround Is Over When It Stops Needing You
Frank Rizzo just got back from Walnut Creek, Stone Capital's first hybrid mobile home and RV community in Troy, Alabama. He talks through the infrastructure failure that forced a two-year RV shutdown, the setbacks that slowed the rebuild, and the moment they realized they'd built the park for the...
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Leasing Velocity Up 32.5%: The 3 Numbers We Moved to Make It Happen
Frank Rizzo shares how his team grew lease-up velocity 32.5% over the past eight months, marking the best sales summer in company history. No superstar salesperson, no lucky streak. Frank breaks down the controllable variables his team focused on: lead qualification, showing cancellations, and a...
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My Underwriting Was Completely Wrong
Frank just got back from a site visit on a community his team bought not even two years ago — and it completely changed how he sees his own underwriting. On this solo episode of The Mobile Home Park Exchange, Frank breaks down what a nearby comp sale revealed about how fast this market has moved,...
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Are Land-Home Packages the Future of Manufactured Housing Investing?
Chris Gavre buys raw land, orders a brand-new manufactured home, and detitles it so buyers can finance it like a stick-built house. Frank Rizzo talks with him about scaling that model to nearly 200 deals since 2023, how he underwrites a site, and why land-home packages might be one of the…
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What's Coming Next for Mobile Home Park Lending, Featuring Art Tuverson
Most mobile home park deals today are underwritten at negative leverage — and lenders keep funding them. Frank Rizzo talks with 25-year MHC lending veteran Art Tuverson (GE Capital → Berkadia) about why cap rates confuse multifamily lenders, how after-tax and depreciation plays are driving…
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The Mistake Killing Your Infill Numbers
Most operators run infill like a merchandising problem: better price, better terms, cheaper home. Frank Rizzo explains why that's the wrong lever, and walks through a real park turnaround where the fix wasn't the price of the home, it was everything around it. Curious how culture and curb appeal...
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Does Third-Party Management Actually Work in Mobile Home Parks?
Frank Rizzo talks with Michelle Oppelt, CEO of Open Management, which manages roughly 6,000 mobile home park lots across 14 states. Michelle shares the underwriting lessons that reshaped her approach to CapEx and lost inventory, and why she sees property management as a people business first, not…
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The Old MHP Playbook Is Dead
The old MHP playbook is dead. Institutional capital has flooded into mobile home parks, pad prices have moved, and the easy version of this business is gone. In this solo episode, host Frank Rizzo unpacks how the industry has shifted, why the classic 8-10% value-add deal is harder to find, and…
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Is Creative Financing the Answer? Brian Rice on Buying and Running RV Parks
Is creative financing really the answer for investors trying to get into RV parks? In this episode, Frank Rizzo talks with Brian Rice, founder of Wise Choice Fund LP, about how he's built a four park portfolio using subject-to deals and seller financing instead of conventional bank loans. But...
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From Lp to Gp - How Marco Ali Made 90 Offers For His 1st Deal
In this episode of The Mobile Home Park Exchange, host Frank Rizzo talks with Marco Ali, founder of MNA Capital Group, about his transition from passive limited partner to active general partner in multifamily real estate. Marco breaks down why he built his entire investment thesis around North...
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How to Know If Your Investment Is Actually Working
Every real estate platform is running two clocks at once: one tracking the asset's performance, one tracking when investors can access their capital. In today's rate environment, those clocks have fallen out of sync, and Frank Rizzo explains why that gap doesn't necessarily mean a deal has gone...
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260 Units in 12 Months, No Excuses
Karl Kulpak went on a podcast and said out loud where his portfolio would be in twelve months. No hedge, no wiggle room, just a number. Frank sits down with the former state trooper turned mobile home park operator to find out exactly what happened when that deadline hit, and the specific process...
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Built to Hit a Number
Frank Rizzo challenges the way mobile home park investments are pitched and structured. When a 20% IRR headline drives the deal, the operational complexity gets buried — and the families living in these communities are the ones who find out when the rent schedule has to accelerate to make the…
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I don't buy Mobile Home Parks. I invest in the future.
The label says mobile home park investor. Frank Rizzo says otherwise. In this episode, Frank breaks down why the way most people think about manufactured housing is exactly what holds them back. He unpacks the affordable housing crisis, the stigma operators carry, and what it actually means to...
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How I Became the Operator I needed to be in 45 Days
Frank Rizzo takes you back to the deal that turned Stone Capital Investors into operators. A 15-hour drive home from South Georgia. A term sheet that nearly ended it before it started. And a 45-day window to raise capital, commit fully to the mobile home park space, and burn the bridge back to...
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I Had To Lose My Edge To Find a Bigger One
The same identity that builds your business will eventually become the thing holding it back. Frank Rizzo built his career on one principle: outwork everyone. It earned him credibility, deals, and a seat at the table he never had by birthright. But scaling that same mindset led to a hard truth —…
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The J Curve Nobody Talks About: What a Real Mobile Home Park Turnaround Actually Looks Like
Frank Rizzo sits down with partner Eric Busuttil to go inside the turnaround of American Way, a distressed mobile home park in Hubert, North Carolina. This is the story behind the story — the decisions, the pressure, and the moments that do not make it onto camera. From a property the school…
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Stop Fighting Rent Control | How Ali Nasir Sees the Industry Shifting
Should mobile home park operators stop fighting rent control? In this episode of The Mobile Home Park Exchange, Frank Rizzo sits down with Ali Nasir of Rise 360 Ventures to discuss the growing political and operational pressures reshaping the manufactured housing industry. From rent stabilization...
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The Truth About Scaling to 1,000 Mobile Home Park Lots with Miles Noland
Scaling to 1,000 mobile home park lots sounds exciting. The reality is much harder. In this episode, Frank Rizzo talks with Miles Noland of Treeside Capital about the real operational challenges behind rapid growth in the manufactured housing space. Miles shares his journey from failed deals and...
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The Infill Trap - The 8% Deal That Was Really 3%
What looks like an 8% deal on paper may actually be a 3% deal once the home debt is fully accounted for. In this episode, Frank Rizzo breaks down the infill trap many mobile home park investors miss: newer homes, long term rent to own agreements, and debt structures that make value creation look...
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Think Mobile Home Parks Are Passive? Here’s What Breaks When You Scale
Mobile home parks aren’t passive. In this episode, Frank sits down with Leo Young to break down what really happens when you try to scale in the MHP space. From building a 500-lot portfolio to navigating the shift into systems, teams, and operations, Leo shares the realities most investors...
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Infill is a Sales System
Infill is not just an operational task — it is a sales system. In this episode of The MHP Exchange, Frank explains why many operators struggle with occupancy even after bringing in new homes. The issue is not the homes — it is the lack of a repeatable system that creates buyers. Learn how lead...
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Stop chasing Deals and Start Building Wealth. How Jordan Moorhead Scaled his Real Estate Business
Most investors focus on closing deals. The best operators focus on building businesses. In this episode, Frank Rizzo talks with Jordan Moorhead about transitioning from real estate agent to mobile home park owner, and why true wealth comes from ownership, not just commissions. Jordan shares…
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Are Mobile Home Parks Still the Highest and Best Use of Land? With Nathan Jameson
Are mobile home parks still the highest and best use of land? Nathan Jameson joins The MHP Exchange to discuss why experienced operators often move rents to market quickly when acquiring distressed communities — not simply to increase revenue, but to preserve the long-term viability of the asset…
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3X in 24 Months: How Tim Woodbridge Scaled His Portfolio to $45M AUM
Growing a portfolio from ~$15M to ~$45M AUM in 24 months requires more than finding deals — it requires strong operations and disciplined execution. In this episode, Tim Woodbridge, Co-Founder of WCG Investments, shares how team structure, underwriting discipline, and consistent deal flow helped...
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The #1 Skill Mobile Home Park Owners Need Right Now
Most mobile home park owners are still focused on acquisitions. But the real opportunity right now? Activation. In this episode, Frank Rizzo breaks down the #1 skill mobile home park owners need right now — and why operators who can execute infill, build systems, and activate vacant pads will...
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The Overlooked Real Estate Strategy: Tax Liens & Tax Deeds
Most investors focus on listings and brokered deals. But billions of dollars in real estate quietly change hands every year through tax liens and tax deed sales. In this episode of The MHP Exchange, Frank sits down with Brian Seidensticker of Tax Sale Resources to break down one of the most...
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The One Expense Item Every Operator Stresses
Every mobile home park operator knows the obvious costs in a deal. But there’s one line item that quietly destroys returns — and most investors don’t realize it until it’s too late. In this episode of The MHP Exchange, Frank Rizzo sits down with Dillon Kirby and Todd Piersol of Tartan Insurance…
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Are We Raising Real Estate Influencers or Investors?
Are we building real investors — or just creating content creators with a real estate brand? In this episode, Frank Rizzo sits down with Penn State professor, attorney, and active investor Mallory Meehan to unpack the growing gap between social-media perception and real-world execution. From HGTV...
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Why Every Real Estate Operator Is Now a Content Creator
Most operators focus on the deal. The ones winning today focus on the narrative. In this episode, Frank sits down with Matt Bass to break down why brand, media, and storytelling have become essential tools for mobile home park investors. They unpack how documenting the real work — not just the…
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The Shiny Object Trap: Why Mastery Beats Motion
There’s always a new “best strategy” in real estate. Airbnb. Industrial. Multifamily. The next hot thing. But the real reason most investors stall out isn’t access or capital — it’s attention. In this episode, Frank Rizzo explains why constantly pivoting resets your progress, how compounding only...
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Small Parks vs Big Parks: Cash Flow or Scale?
Small parks or big parks — which one really wins? In this episode, Frank Rizzo and Stone Capital CFO Peter Falcone debate one of the most important questions in manufactured housing investing right now. With institutional capital chasing larger communities, does that make small parks the real...
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Your Infill Sucks Because You're Not a Salesperson and Neither is Your Manager
In this solo episode of The MHP Exchange, Frank Rizzo delivers a blunt reality check for operators struggling with infill. If your lots are vacant, demand exists, and homes still aren’t moving, the problem isn’t pricing—or the market. It’s sales. Frank breaks down why infill fails when operators...
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Manufactured Housing Under Pressure: How Operator Behavior Created The Narrative
Manufactured housing is facing increased scrutiny—and not because the business model stopped working. In this episode of The MHP Exchange, Frank Rizzo sits down with Andrew Cramer, founder of Bridgeview Asset Management, to discuss how investor and operator behavior shaped today’s regulatory...
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When Your Deal Hits The Headlines with Chris Stout
In the 100th episode of The MHP Exchange, Frank Rizzo sits down with returning guest Chris Stout to unpack the side of real estate investing no one prepares you for. What happens when your deal stops being private—and suddenly becomes public? When headlines form before you can speak, pressure...
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How Hayden Duer Turned Real Estate Knowledge Into Real Ownership
In this episode of the The MHP Exchange, Frank Rizzo sits down with Hayden Duer to talk about the real shift in real estate—moving from staying busy to actually owning. Hayden shares how learning the business from the ground up shaped his approach to investing, why operations and teamwork matter...
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3 Things That Will Matter Most in MHP Investing in 2026
2026 will reward prepared operators—and expose everyone else. In this episode, Frank Rizzo breaks down the three things that will matter most in mobile home park investing in 2026, including regulatory pressure, slowing rent growth, and why deal flow is coming back fast. If you want to understand...
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The Risks You Can’t Insure Against: COPA’s Impact on NYC Landlords
In this episode of The MHP Exchange, Frank Rizzo breaks down the real-world impact of New York City’s City of Yes initiative—and the unintended consequences of the proposed COPA legislation. While City of Yes was designed to increase housing density and attract development, COPA could…
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Messy Deals Are My Specialty with Marc Tropp
Some mobile home park deals are too complex for most lenders to touch. That’s when operators call Marc Tropp. In this episode, Marc Tropp of Eastern Union breaks down how the toughest MHP deals actually get financed—from individually deeded lots and park-owned homes to lender scrutiny shaped by...
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Why Your First $100K Matters More Than Your First $1 Million
Everyone wants their first million—but almost no one realizes the real turning point is your first $100K. In this solo episode, Frank Rizzo breaks down why that early milestone is harder, more important, and the point where most people quit. Frank shares the FILO mindset (First In, Last Out), the...
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What Gino Barbaro Learned About Money That Completely Changed His Life
In this powerful episode of The MHP Exchange, Frank Rizzo sits down with multifamily investor and educator Gino Barbaro of Jake & Gino for an unfiltered conversation on what really drives success in real estate—and in life. This is not just about deals. It’s about the evolution of identity as an...
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The 3 Frameworks That Make or Break Every Investor
Most investors never hit their goals — and it’s not because of the market, rates, or timing. In this solo episode, Frank Rizzo breaks down the three frameworks that separate real operators from people who are just “trying real estate.” From defining your true investor identity… to setting…
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Heres Why Youll Never Make it as a Real Estate Investor
Most people calling themselves “real estate investors” will never make it — and Frank Rizzo is finally saying why. It’s not timing. It’s not deal flow. It’s comfort. In this episode, Frank breaks down how attachment to familiar properties, normalized cash flow, and fear of uncomfortable moves...
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How to Make Banks Chase Your MHP Deals with Mordy Jurkowitz
In this episode of The MHP Exchange, Frank Rizzo sits down with lender Mordy Jurkowitz, who specializes in financing mobile home and RV parks. Mordy reveals what truly goes on behind the scenes when moving capital and getting a deal funded. He shares how his background gives him an edge in...
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Boundaries, Beer, and Bad Decisions: Trusting the Systems to Turn Your Trailer Park Around
A furious resident sends a scathing email attacking our onsite manager. It’s the moment every operator faces—do you jump in, or trust the systems you’ve built? In this solo episode, Frank Rizzo breaks down how to navigate high-emotion situations without losing control of your culture. He shares…
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About this show
Most investors chase trends. Serious investors build an edge.The Mobile Home Park Exchange is where disciplined operators and high-agency investors learn how real wealth is built in overlooked, cash-flowing real assets — starting with mobile home parks.Hosted by Frank Rizzo and Eric Busuttil of Stone Capital Investors, the show breaks down infill strategy, underwriting discipline, operational leverage, structural risk, and capital alignment for investors focused on clarity, control, and long-term cash flow — not noise.
Hosted by
The Mobile Home Park Exchange Podcast